I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
Right now is a bit of a difficult spot to start for a newbie, I would say wait until the dust settles so that you could start trading properly. After all crypto is not something known to be calm and collected, it is a volatile thing but right now it is even more than usual. If you see bitcoin price being within 10% for a whole week, then it is time to buy, doesn't matter if it falls or goes up, if it is stable that is all we want. After that you can start trading, of course there are million things to learn about it, but the simple one is when the price crashes like it did recently, then you should buy, and when it goes up more than 20% then you should sell. Keep doing that because it happens many times a year and that will be your whole profit. 
Topic: How To Go About Crypto Trading For Newbies. (Read 448 times)
First of all before the start of your trading, you need to have a capital in your account whether you want to start with a small capital or with a big capital. It depends upon you but if you are not that much best trader and didn't have much knowledge about the trading. As trading needs constant attention and concentration of every individual.
Everyone knows that trading need capital whether some people start with small capital or other people start their trading with having a big capital. But the main thing in trading is your strategies or a trader's strategies. So, it would be important for every newbie to start with a small capital and gain his potential.
Newbies shouldn't risk their funds when the don't have the knowledge yet. Capital is a big factor in the Crypto business but knowledge is a prerequisite and an indispensable toolkit to make it in the business.
From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss
From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss
Crypto is a different market. Each alt has their own market performance, this is why it becomes too difficult for beginners because each coin has their own market trend, some may follow btc performance but most of the time some are not. For small market cap coins, usually, the market performance depends on what the dev team is doing to their project, are they developing to its full potential or just after for the money that they will get from buyers?
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
There are many articles and videos out there for trading tutorials if you really want to learn on how to trade, you just need to exert some effort to find it. Learn the basics from the wallet to use, choosing an exchange and the coins that you're going to invest in. Fill your mind with knowledge because that's a way to better understand trading and the risk associated with it. Either trading or investing, remember to timing the market for best result. I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
Newbies shouldn't risk their funds when the don't have the knowledge yet. Capital is a big factor in the Crypto business but knowledge is a prerequisite and an indispensable toolkit to make it in the business.
From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss
From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss
Crypto is a different market. Each alt has their own market performance, this is why it becomes too difficult for beginners because each coin has their own market trend, some may follow btc performance but most of the time some are not. For small market cap coins, usually, the market performance depends on what the dev team is doing to their project, are they developing to its full potential or just after for the money that they will get from buyers?
Newbies shouldn't risk their funds when the don't have the knowledge yet. Capital is a big factor in the Crypto business but knowledge is a prerequisite and an indispensable toolkit to make it in the business.
From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss
From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss
The simplest method is obvious, you need to watch youtube videos to become good at trading, but you will not be getting good at it just yet, you will learn how the good ones are doing. If you like to read then read, if you like to watch then watch, if you like to listen then listen because all kinds of studying is available for people who learn anyway they feel comfortable with.
After you "learn" how they do it, then you open a demo account somewhere to test for free, and you start to trade according to what you learned, if there is a big loss somewhere you go back to your learning and see what you did and what you should have done and what's wrong, sometimes nothing is wrong and you were just unlucky but still check it and learn from the mistake. When you do all of these for a while, then you can start with small amounts and depending on your results could grow bigger and bigger. Simple as that.
To this I will add that you need to verify the nature of the information that you are receiving, I say this because nowadays anyone can open a YouTube channel about trading and talk about all kind of strategies that you can implement in the markets and you can easily see they do not know what they are talking about, but this only becomes obvious once you know how to trade, so there are a lot of newbies learning from videos that are given completely mistaken information and they have no way to know this is the case until it is too late. After you "learn" how they do it, then you open a demo account somewhere to test for free, and you start to trade according to what you learned, if there is a big loss somewhere you go back to your learning and see what you did and what you should have done and what's wrong, sometimes nothing is wrong and you were just unlucky but still check it and learn from the mistake. When you do all of these for a while, then you can start with small amounts and depending on your results could grow bigger and bigger. Simple as that.
Learn the basics/fundamentals first, practice your way to trading to gain experience in the field through paper trading, take your time when it comes to learning and gaining experience with trading because you need all the knowledge and experience you can get when you get into the real deal.
Newbies entering the field of cryptocurrency should not rush to trade, first learn a lot of knowledge about cryptocurrency. There are many threads and topics about cryptocurrency trading on this forum, and you can search for things you want to know. Study and learn to choose safe exchanges and the errors that many investors are prone to when investing and trading. According to market trends and indicator analysis, develop suitable investment strategies to avoid more problems in subsequent transactions.
For Newbies, short-term transactions have greater risks. Diversified investment and long-term investment in Bitcoin are good investment strategies.
For Newbies, short-term transactions have greater risks. Diversified investment and long-term investment in Bitcoin are good investment strategies.
Don't get excited to know to trade as it will surprise you how hard it was. Mind for you to go for holding first and while doing that you can make some searches about trading, then if you have enough knowledge and capital, it could be the time to start learning about trading. You don't need to rush yourselves in this volatile market because the more you are doing this the more you will fail. It should be one step at a time and keep your decision be smart as possible.
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
For newbies who had no proper idea, always let them be aware that trading needs capital. It serves as their investment on purchasing potential coins which soon reach a profitable value in the marketplace.
This isn't easy for us to guide the nobs, so it's better to educate them the basics about trading same with how you learn from the start. Taking small amount as capital would be good for them to begin trading.
You really indeed need capital if you want to start trading. It's not easy, trading is risky too and you can't guarantee a return, you may lose your initial capital for trading.
That's why before doing a trade, you should be prepare, learn the basics, risk management, and study more, so you will not end up getting rekt.
this preparation will safe our money from market shaking that often happen in crypto market now. withour good preparation in trading skills and money management ,its impossible for us to survive in market. Money or capital should be second number, as long as we have good trading skill our small capital could be huge if we prepare all of this. That's why before doing a trade, you should be prepare, learn the basics, risk management, and study more, so you will not end up getting rekt.
It's like an empty glass, we just need to fill it. if you want to trade make sure that we also have knowledge in it because trading without knowledge is just useless. trading will be risky for new people, therefore be more careful and also increase knowledge about trading. if you are not sure about it, it's better not to start trading because it will only make our minds blocked in it. so it does require confidence and also caution to be able to trade well, it is necessary to practice also so that we can learn to observe the market well.
i do agree , we should not satisfied with our knowledge and skill. always act as empty glass so we could earn more knowledge from market. more knowledge we have bigger possibility for us to be success in crypto trading.
It's like an empty glass, we just need to fill it. if you want to trade make sure that we also have knowledge in it because trading without knowledge is just useless. trading will be risky for new people, therefore be more careful and also increase knowledge about trading. if you are not sure about it, it's better not to start trading because it will only make our minds blocked in it. so it does require confidence and also caution to be able to trade well, it is necessary to practice also so that we can learn to observe the market well.
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
if they have capital then why make it a hard issue when they can easily invest In bitcoin as starter investment?I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
because you used the word "They have capital" meaning they are ready to invest so why choose other option when bitcoin is the safest?
never dare chasing profit in altcoins when you still have no big knowledge in crypto , because only bitcoin is the safest of all.
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
If you are a newbie then you must follow these basic principles.
First of all never invest big amount without starting with small.
If possible at first learn about the basics of trading.
After gaining enough confidence, choose the best coin.
Invest as much as you can afford to lose.
And most importantly learn from your investment mistakes.
Almost all the important things a newbie should do when starting crypto trading have you mentioned. So I'll just add a little, for newbies don't
rely on other people's signals in crypto trading. Because the signals given by other people are not necessarily accurate and what scares others is
just using newbies to make pump and dump. Always do your own research and analysis, no matter what must believe in ourselves in the crypto world.
Another thing, maybe as a newbie, don't be in a hurry to make a big profit, take a small profit first.
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
If you are a newbie then you must follow these basic principles.
First of all never invest big amount without starting with small.
If possible at first learn about the basics of trading.
After gaining enough confidence, choose the best coin.
Invest as much as you can afford to lose.
And most importantly learn from your investment mistakes.
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I think first you should go for the trading site like Tradingview for understanding the basic graph of the crypto
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Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
Better not go about it instead pick interest In a perfect alternative which is investing. I don't have to go about comparing how better investing is to trading but just to give you some ideas. The success stories in the space has alot to do with investing then trading although that doesn't mean you can't achieve success from trading but the chances are minimum as 90% of the traders loss, just a minority actually become successful from trading.
Just having capital isn't what it takes to become successful at trading as you'll be required to undergo some lessons to perfect the skill. If I was in a position to advice you, I'll recommend you Invest through dollar cost averaging as this strategy helps in the long run. You don't have to worry about the volatility of the market as if the market was to dip, you have funds waiting on such opportunity to take advantage of.
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
Trading Cryptocurrency is a very risky, you will lose and if you do not have the skills and character to hold your position, considering the position is good, you may even lose further! My advice is to get started right a way with a little money to test the water. Learn everything that can help you with trading, and with time. You will begin to get hold of trading in to profit that will amaze you! I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
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