Well first you would need to decide which exchanges you would want to trade on? Bittrex or binance or bitfinex?
Theres so many, that's why I use both bittrex and binance
Secondly, you would need a news source for all the coins so you would stay updated since the price of the coins depend on the news
Topic: how to start trading? - page 6. (Read 7368 times)
Be well educated about trading after that if you find yourself that you can do it on your own, you can start trading by buying bitcoin or altcoins.
Before going to a battle a soldier needed to be equip so he can survive the battle. Just like trading, before we start in trading we should do a proper readings to gain at least some knowledge ao we won't lose huge amount of money.
Losing is part of trading, if we lose some single penny then that's ok. What's important is we learn from our experiences.
Losing is part of trading, if we lose some single penny then that's ok. What's important is we learn from our experiences.
To make monthly income by trading bitcoin and alts you will have to do good research.
The market is quite volatile at the moment so good research is key if you want to make profit.
Personally I focus on reading many articles and attending to bitcoin meetups.
I use some free software that predicts the future markets of several coins. www.cryptoforesight.org
The software doesn't predict the exact movements but still I made $200 profit last week just by following predictions.
So, if you want to be a successfull trader... Do your own research! don't be affected by the hype and fud.
Last but not least, don't quit trading if you fail the first try as you will learn new things every day.
In order to do an effective and efficient crypto coin trading, a person must have a good knowledge of these coins. Once he gets the idea about it, he must then focus on building a patient nature because patience is the actual player in this profession. Other than that, it is very important with times so that one can make predictions and do not sell out during the pump phase until it has reached the top. The market is quite volatile at the moment so good research is key if you want to make profit.
Personally I focus on reading many articles and attending to bitcoin meetups.
I use some free software that predicts the future markets of several coins. www.cryptoforesight.org
The software doesn't predict the exact movements but still I made $200 profit last week just by following predictions.
So, if you want to be a successfull trader... Do your own research! don't be affected by the hype and fud.
Last but not least, don't quit trading if you fail the first try as you will learn new things every day.
Starting to trade is okay. But you'll be need much patience as you will be involving your resources to risk. Make sure research well about the trading you'll be joining in. Start small and educate yourself as well from time to time.
Better advice it is I must say. There should be only one thing on top priority and that must be learning. Before starting trade, like you said, there must be somehow all the basics you must have known. Start with a little amount so that you can bear a loss easily and then learn from it. Keep learning until you are ending with trading, because it makes your work excellent.
first you need to monitor the price of bitcoin currencey on market, and you should know all of about bitcoin reading some article and strategy. watching of youtube make you brain enhance, giving more detail and more help. but take note being trader is very risky but enjoy. so goodmuch luck I hope you become a successful trader.
I suggests you to first take the more knowledge about the trading...that you can get by reading some articles and watching videos on YouTube or any other method...then you have to start trading...there are many sites where you can do trading..you can start trading with only $10...so best of luck..
I truly believe that to be able to trade you really need to have a sound knowledge of what cryptocurrency is.
This does not mean understanding the blockchain - but rather researching and accepting that bitcoin and alts is exactly the same as any normal currency like US dollars of Euros. The only difference is the encryption is different. FIAT is encrypted with water marks and special designs.
The only other thing to understand is that Crypto is de-centralized. Therefore cannot be attacked which is the key to its success.
This does not mean understanding the blockchain - but rather researching and accepting that bitcoin and alts is exactly the same as any normal currency like US dollars of Euros. The only difference is the encryption is different. FIAT is encrypted with water marks and special designs.
The only other thing to understand is that Crypto is de-centralized. Therefore cannot be attacked which is the key to its success.
To start trading, Study first how it works, Read and learn in tutorials from youtube and other reliable source of information found in the internet, Much better you have capital and check the site and register exchanges like bittrex or poloniex then choose a type coin which has a potential to soar up by monitoring the trend on coinmarketcap.com.
I think you can start by studying all information on how to work in trading and be a good gamer on this job.You have to study cryptocurrencies And understand market place situation.I suggest if that happen is to have a faith on your coin and hold it until you reach your goals.
First of all follow up on bitcointalk forum and market regularly. You should also follow coinmarketcap.com which is a source of coin real prize. Follow the ANN thread of bitcointalk and coin own blogs/website. You chose one or two coin to start trading and you start your investment on small amount. you take your first one or two month for your learning period. I think at the time you will expert on the trading and you will success.
I agree with your post, but the problem is that we can't always predict the movements in the exchange rates, especially for the altcoins. The market cap and the free-float supply of these coins are in many cases very small, and this helps the market whales to manipulate the prices with very little effort. And trust me, this is happening right now to many of the altcoins.
First of all follow up on bitcointalk forum and market regularly. You should also follow coinmarketcap.com which is a source of coin real prize. Follow the ANN thread of bitcointalk and coin own blogs/website. You chose one or two coin to start trading and you start your investment on small amount. you take your first one or two month for your learning period. I think at the time you will expert on the trading and you will success.
What are talking about is not trading 
Trading requires serious effort in terms of proven strategy,money management rules etc. Avoid day trading and trigger long term profits without falling day trading trap. hero member
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Before trading, a huge amounts of knowledge about difference currency is needed. If one cannot have any idea of currency he/she can not trading. The rate of currency and exchangers is very important for trading.
Having a good amount of knowledge about the things related to different coins present in the world of crypto currency is very much necessary before even thinking of trading. I’ll suggest to go with small amount of investment in the beginning and learn the things well. After enough learning and experience, add more amount of money in your previous investment.i give suggestion that is base on my experience. in the past, i am a new person in trading. i register on many exchanges without knowing how to trade. i remember in 2 years ago, my first time trade was in poloniex. i don't have basic trade at all, i don't know how to trade with picking some coins. all i know, trade is to buy and then to sell. i bought bcn, mint, doge, dsh. i don't know what next and i only watching the market moves. then few days later, i see dsh was increase and without thinking too much, i sell by instant and yes i made a profit.
in that time, i made profit 0.001 btc and i was happy and i was thinking aha i was trade for first time and i can made profit. and then i began to search the info about many coins and still doing trade but i feel slowly i can trying to analyze each coins although until now i am often missed but i am fine. so if we want, we can try more and more without thinking how much we are profit or loss. in the right time, we can realize and know the amount. the important is we want to learn for everything related with trading.
First of all follow up on bitcointalk forum and market regularly. You should also follow coinmarketcap.com which is a source of coin real prize. Follow the ANN thread of bitcointalk and coin own blogs/website. You chose one or two coin to start trading and you start your investment on small amount. you take your first one or two month for your learning period. I think at the time you will expert on the trading and you will success.
Before trading, a huge amounts of knowledge about difference currency is needed. If one cannot have any idea of currency he/she can not trading. The rate of currency and exchangers is very important for trading.
Having a good amount of knowledge about the things related to different coins present in the world of crypto currency is very much necessary before even thinking of trading. I’ll suggest to go with small amount of investment in the beginning and learn the things well. After enough learning and experience, add more amount of money in your previous investment.
If you can catch one of these when it begins to rise again, then you are likely buying at a base low price. It might fall again, watch carefully. You can ignore the dropping coins and simply compile a list of cheap coins, but that is a big list. You want to hit this deep low price and stagger sell as it rises.
The first time I traded was after getting the coins from the campaign. Before, I always do trial and error but still not get a good understanding and just do the buying and selling without analysis.
From some token bounty, I get an understanding of every development in their business, and finally figure out the fundamental outline of most of the good coins on the coinmarketcap list.
From some token bounty, I get an understanding of every development in their business, and finally figure out the fundamental outline of most of the good coins on the coinmarketcap list.
Starting to trade is exciting yet it will take you to risk a lot as well. Make sure to see the market and have good sight on it. Keep on believing that you'll gain more coins and look at it in long term.
Before trading, a huge amounts of knowledge about difference currency is needed. If one cannot have any idea of currency he/she can not trading. The rate of currency and exchangers is very important for trading.
So the simple question is if I start trading now. I'll put in about $ 1000, what kind of money can I make in a day? In Week? Per month?
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