How to start trading? - page 8. | Bitcointalksearch.org

supercanada1

sr. member

Activity: 798

Merit: 253

Quote from: crypto mania on May 09, 2018, 01:21:29 PM

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.

Trading is a very simplest and easiest method but there are two types of trading there in the market; one is the old trading with garments and other daily life products and another one is the modern cryptocurrency trading, allow you to trade with the connection between buyers and sellers. Setup and create the exchange account and set the price of the coin little higher than the amount of buying price I n order to earn profit which is the simple rule.

Rinzo

newbie

Activity: 112

Merit: 0

once you acquire some coin then you can start to trade immediately. you can directly find someone who is interested in the exchange. the transaction can be completed on the blockchain or you can do the exchange via online exchanges when it is difficult to get someone for exchange directly. you need to do a thorough research to avoid been hacked thereby losing all your coins. it is also not advisable to leave too many coins in your wallet. since difference exchanges charge different fees, you can always compare online to get a fair deal

beezunus

full member

Activity: 420

Merit: 100

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

Welhell

newbie

Activity: 154

Merit: 0

Quote from: HieuP_AAA on April 25, 2018, 09:53:52 PM

Hi guys, i'm new to the field, i want to start trading but i'm not sure where to start. What crypto can I start with for a small fund (<$100)? What crypto wallet can I use? Is there any legal or security issue that i have to beware of? Thanks a lot.

For now you can start with Bitcoin or Ethereum and you can use free wallet : blockchain.info and myetherwallet.com. You should to use secureity password and 2FA.

Bagaji

sr. member

Activity: 1330

Merit: 291

You will first of all learn what trading crypto currency is all about which I think comprises of technical and fundamental aspect of trading. After that, you will need to have a reasonable amount of money, then register or open account with a good crypto exchange company like poloniex or any other good one out there before you commence your trading journey.

SirLancelot

hero member

Activity: 2576

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: el kaka22 on May 08, 2018, 02:55:48 PM

Quote from: nara1892 on May 05, 2018, 11:17:44 AM

You can deposit firstly, buy btc, send it to exchange (e.g. bittrex) then trade, start with day trading or fast trading, read frequently in category announcement (altcoin) and see how active dev is, how good is vision vision etc.

That should always be the last thing to do for any new trader and your advise is like the worst I have ever seen in my life of trading experience for someone who is just starting how to trade. This is the reason a lot of people always end up with nothing while thinking they can just start first with trading, then worst of all day trading, while reading alongside.

Read first, and then when you are sure you have read as much as possible, start practicing a little bit with short term and not even day trading. It takes some high level of professionalism to be able to succeed in day trading. Gradually, you start building what you have learned and then stick with your own strategy for a successful trade.

Start trading is not complicated, but also not so easy. Trading is not just buying and holding. If you have extra money which you can keep for long time then no need for trading. Patience and dare is mandatory for trading. Emotions do not work in business. You will have to use only brain. It is not the matter of your well. You will have to make sensible decisions about the trade in the right coin in the right time.

Joriecoinbit

full member

Activity: 434

Merit: 105

Quote from: recklessMe on May 11, 2018, 05:06:35 AM

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

First, learned more about the process in trading how to prevent losses of coin and improve your skilled in different aspect of trading. Making an analysis of the market also lead us when to trade our earnings. We all know trading is too risky for everyone but in this case if we have a good strategies and knowledge about the technology we can earn good profits. In trading site we need to be a courageous person and have motivation before we start trading because the process is too pressure and confidential.

recklessMe

member

Activity: 195

Merit: 10

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

Monnt

legendary

Activity: 938

Merit: 1002

Your behavior will always count in what you’redoing in trading. Some of us are greedy and we end up with destroying ourselves. Some people are not even careful on how they invest, they just go all in without minding what will be the outcome and at last they will just lose the money they have invested so far. So learn how to invest, know how much to invest and know how much risks you can afford to take or how much you can afford to lose. As for the skills, you can find where to learn it.

Tingtong

jr. member

Activity: 490

Merit: 1

https://www.xsl-labs.io

Quote from: HieuP_AAA on April 25, 2018, 09:53:52 PM

Hi guys, i'm new to the field, i want to start trading but i'm not sure where to start. What crypto can I start with for a small fund (<$100)? What crypto wallet can I use? Is there any legal or security issue that i have to beware of? Thanks a lot.

First I tell you can use coinbase wallet for keep btc then you create exchange wallet and select some coin. Have many alt coin that price is small and her future is good and her increase decrease every. you buy this coin with low rate and set up for sell.

crypto mania

member

Activity: 476

Merit: 92

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.

Dudeperfect

hero member

Activity: 1190

Merit: 534

You can start trading with any possible amount and make sure that you are not keeping your funds on Exchange if you are not trading because keeping funds online is risky and hence it is recommended to hold crypto in offline wallets like a paper wallet or the hardware wallet. As far as legal aspect is concerned, I don't think that any government has banned crypto trading, so you have your funds in Crypto then you can always use it for trading or any purpose which is not illegal in the eyes of law.

supine

full member

Activity: 1036

Merit: 109

Quote from: HieuP_AAA on April 25, 2018, 09:53:52 PM

Hi guys, i'm new to the field, i want to start trading but i'm not sure where to start. What crypto can I start with for a small fund (<$100)? What crypto wallet can I use? Is there any legal or security issue that i have to beware of? Thanks a lot.

Any amount will do as you begin with trading. What you really need to do is to have enough education and knowledge about trading for you to avoid further losses. You must learn how to do trading appropriately through learning tools that you might be able to find in forums here. Try to explore and do series of research about trading first.

ARAGETS

full member

Activity: 336

Merit: 100

Deposit some real money in exchange, buy some bitcoin / altcoin and happy trading. But, before it, you need to learn knowledge about trading in this forum or other source. I suggest you to deposit altcoin, because you only need small capital and low fees. And you will get more experience from trading and you will be expert.

Karmakid

sr. member

Activity: 742

Merit: 397

Quote from: HieuP_AAA on April 25, 2018, 09:53:52 PM

Hi guys, i'm new to the field, i want to start trading but i'm not sure where to start. What crypto can I start with for a small fund (<$100)? What crypto wallet can I use? Is there any legal or security issue that i have to beware of? Thanks a lot.

You can start in any amount that you are capable of. The best thing to do as you begin with trading is just to know that basics of it. You must have enough idea about the simple trading strategies for you to avoid losses though it is actually a part of trading. Also, you must strive more to learn more about trading.

Frankwhite_2018

newbie

Activity: 22

Merit: 0

Quote from: DiceChain on May 09, 2018, 03:23:41 AM

Give some time on this forum and read carefully regarding all trading topics.At firstly you should start trading with small amount because you are a newbie and there are lot of things to acquire knowledge.Before trading chose a pair which daily trading volume is too much high.

do you have any pair recommendations?

DiceChain

full member

Activity: 353

Merit: 100

Give some time on this forum and read carefully regarding all trading topics.At firstly you should start trading with small amount because you are a newbie and there are lot of things to acquire knowledge.Before trading chose a pair which daily trading volume is too much high.

Kunlejoe0

full member

Activity: 518

Merit: 100

Starting to trade require require no formal training. Find an exchange you are comfortable with and learn the exchange rules then register to trade. If you are not qualify to use centralized exchange, you can use decentralised ones!

blacktajin

copper member

Activity: 83

Merit: 10

There are lot of way to learn trading.You can see tutorial from youtube.com but this forum can help you better if you read out trading discussion topics.As a newbie you should at first learn how to receive and send cryptocurrency one account to another wallet.And gather knowledge about exchange how to to create an account and verified.Otherwise your currency can be lost.And start which pair is you like most such as BTC/Waves, Ehh/Waves or Ripple etc.

mriansa

full member

Activity: 560

Merit: 105

to start trading is very easy you just need some capital to do buying and selling bitcoin and altcoin and make withdrawal to USD, when you already have capital you can buy bitcoin at the exchange place that has a very high trust or you can also buy it at blockchain.com directly. after having bitcoin assets you can trade in altcoin using bitcoin you have.

Topic: How to start trading? - page 8. (Read 2240 times)