Topic: How to start trading? - page 6. (Read 2240 times)
If you want to know how to trade bitcoin then you must first learn about it and learn the transaction, you can go to the forum asking experienced people or you can learn more about youtube.
Start with it and try to learn crypto trading and get more and more experience from this and after that start when you are sure you can now trade at bigger level then invest big amount and start trading.
You should refer to the following factors to prepare for the start of the crypto market:
- Prepare investment fund 1k-> maximum possible (For new people, should invest <10k)
- Monitor the market and select the long-term or short-term coin to match the trend.
- Prepare psychology and confidence in the crypto.
- Find the right time and do not miss good opportunities when there are signs of good investment.
- Refer to strategies and analysis of famous people in the trade and crypto community such as Crypto Yoda, Whalepanda, Crypto Bully. (They have great insights and appreciation for trends and market movements crypto)
- Prepare investment fund 1k-> maximum possible (For new people, should invest <10k)
- Monitor the market and select the long-term or short-term coin to match the trend.
- Prepare psychology and confidence in the crypto.
- Find the right time and do not miss good opportunities when there are signs of good investment.
- Refer to strategies and analysis of famous people in the trade and crypto community such as Crypto Yoda, Whalepanda, Crypto Bully. (They have great insights and appreciation for trends and market movements crypto)
I think if you wants to trading then don,t sent your bitcoin in any wallet you have a good option to transfer your bitcoin in exchange directly instead of sending to the wallet because you wants to trading and trading is only you can exchanges,
To start trading successfully, you need to get acquainted with all the information that relates to the cryptocurrency market.
And let's find out about specific deals, so sure not to take risks, we should focus on learning market experience. Do not rush to stumble, you will lose money if you are impatient and do not update information on the market often.
To start trading successfully, you need to get acquainted with all the information that relates to the cryptocurrency market.
And let's find out about specific deals, so sure not to take risks, we should focus on learning market experience. Do not rush to stumble, you will lose money if you are impatient and do not update information on the market often. You should:
1.Learn different coins
2. Develop a comparison between coins and their features.
3. Learn technical analysis especially chart analysis
4. Follow instructions of seniors and expert.
5. Go through this group
hey i'm new also in trading. Can you tell me that where can i learn this.have any telegram group or website??1.Learn different coins
2. Develop a comparison between coins and their features.
3. Learn technical analysis especially chart analysis
4. Follow instructions of seniors and expert.
5. Go through this group
You need to educate yourself first. Read tutorials, watch videos.
As for crypto, I'd recommend to start with btc or eth. It's easier to start with them as they have the biggest market.
Then choose a beginner-friendly exchange like cex or coinbase. But better keep crypto in your own desktop wallet after buying, because even the most secure online platform can be hacked. There are many wallets -https://www.finder.com/cryptocurrency/wallets
You can start trading provide you meet the eligibility criteria. Before entering the market, you need to have some knowledge about the technology you are going to deal with. This is of prime importance. Second, you need to be efficient in basics like finance and economics and need to understand the market structure efficiently in both short run and long run. As for crypto, I'd recommend to start with btc or eth. It's easier to start with them as they have the biggest market.
Then choose a beginner-friendly exchange like cex or coinbase. But better keep crypto in your own desktop wallet after buying, because even the most secure online platform can be hacked. There are many wallets -https://www.finder.com/cryptocurrency/wallets
About the tricks and tactics, I would say practical involvement in an activity is far more appreciated than just seeing people doing it. So what I want to say is that invest little to trade with in the start.
Judging by your question, you still need to spend a lot of time studying the question. And only then try to trade
you are first timer.I think you need to learn more about trading first not only on actual trade.you can watch videos and learn how to read the chart of crypto there's a lot to learn.and all altcoins is good.and after you learn how to trade try yobit,bitrx,binance.
you can buy bitcoin and start for trading at any price depending on the money you have but it would be better if you buy when the price goes down and start with a small amount so you can learn to earn profit and you will not lose too much
Bitcoin was indeed the right suggestion if someone plans to become a trader. Even if has small amount for investing, he still can make good profits from trading. The volatility of this crypto currency allows traders to make good amounts of money. But I would like to advise something. A bitcoin trader must trust his coin and read it thoroughly because this is the most challenging asset known ever.
you can buy bitcoin and start for trading at any price depending on the money you have but it would be better if you buy when the price goes down and start with a small amount so you can learn to earn profit and you will not lose too much
Bitcoin was indeed the right suggestion if someone plans to become a trader. Even if has small amount for investing, he still can make good profits from trading. The volatility of this crypto currency allows traders to make good amounts of money. But I would like to advise something. A bitcoin trader must trust his coin and read it thoroughly because this is the most challenging asset known ever.
I see OP ask about security and this is a very valid question.
This is the most important task to secure your accounts. You want to have all kind of authenticators in place. I thought in the past that this is so annoying, unneeded and time-consuming to put all these codes, passwords, etc. I was so wrong. All available security features are your best friend and you want to have them activated. Withdrawal passwords, email confirmations, SMS, google authenticator if available. There is no reason to trade if you get hacked.
This is little time consuming but only when you withdraw. No influence on trading at all. I think this is good that you have to put all these confirmations before withdraw because this makes you more focused and you have the chance to triple check everything which should be your primary habit when using cryptocurrencies. Especially on exchanges.
Starting trading is a very easy and simple procedure but a person will must be responsible to work accordingly and make sure the process goes on with the help of guiding principals. Creating account t in any exchange will be better that is providing a path for your selling but remember there are a lot of fake exchanges and you can be trapped so be careful about the exchanges. The trusted exchange is the Blockchain through which you van sell your coins for profit. This is the most important task to secure your accounts. You want to have all kind of authenticators in place. I thought in the past that this is so annoying, unneeded and time-consuming to put all these codes, passwords, etc. I was so wrong. All available security features are your best friend and you want to have them activated. Withdrawal passwords, email confirmations, SMS, google authenticator if available. There is no reason to trade if you get hacked.
This is little time consuming but only when you withdraw. No influence on trading at all. I think this is good that you have to put all these confirmations before withdraw because this makes you more focused and you have the chance to triple check everything which should be your primary habit when using cryptocurrencies. Especially on exchanges.
In trading business, there are lot of things to consider before you enter. First, you must prepare yourself in loosing money, traidingbis risky so thatvis one very thingbyou must know. Second, read, research, so you'll know what platform are you taking. Third, must take a stepbof faith to try and invest money which is not hurtful for you at first then move on.
Initially, you need to make a small start-up capital for yourself and learn how to trade with it. That's how to build experience, So in the future you had better results. The study of Information, as well as the theory of trade should be combined with practical exercises. you can buy bitcoin and start for trading at any price depending on the money you have but it would be better if you buy when the price goes down and start with a small amount so you can learn to earn profit and you will not lose too much
Bitcoin was indeed the right suggestion if someone plans to become a trader. Even if has small amount for investing, he still can make good profits from trading. The volatility of this crypto currency allows traders to make good amounts of money. But I would like to advise something. A bitcoin trader must trust his coin and read it thoroughly because this is the most challenging asset known ever.
In trading business, there are lot of things to consider before you enter. First, you must prepare yourself in loosing money, traidingbis risky so thatvis one very thingbyou must know. Second, read, research, so you'll know what platform are you taking. Third, must take a stepbof faith to try and invest money which is not hurtful for you at first then move on.
I think you should start trading with a small amount of money and $100 is not a bad amount to start with. If want to do some practice then you can do demo trading or you can enter into real trading at the start and learn gradually as time passes. You should do altcoins trading and use metamask or myetherwallet.
Yes i agree on that. We need to start trading in a verry low amoint for us to learn with a small expensses. In trading we cannot assure that we can gain a profit in the start of trading but we need to learn first before we go to trade in a big amount, I eoeve that doing such basic trading while searching for the right thing to do on trading is amazing.
Basically, reading price trends is easy. If the price looks strong then it is in a bullish trend. Conversely, when the price seems to decline then it means bearish trend is being formed. However, to look for opportunities from price trends, further observations are needed, either by recognizing high low prices or using trend indicators as aids.
I think you should start trading with a small amount of money and $100 is not a bad amount to start with. If want to do some practice then you can do demo trading or you can enter into real trading at the start and learn gradually as time passes. You should do altcoins trading and use metamask or myetherwallet.
Yes i agree on that. We need to start trading in a verry low amoint for us to learn with a small expensses. In trading we cannot assure that we can gain a profit in the start of trading but we need to learn first before we go to trade in a big amount, I eoeve that doing such basic trading while searching for the right thing to do on trading is amazing. 
I think you should start trading with a small amount of money and $100 is not a bad amount to start with. If want to do some practice then you can do demo trading or you can enter into real trading at the start and learn gradually as time passes. You should do altcoins trading and use metamask or myetherwallet.
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