Topic: How to start trading on the crypto exchange? - page 14. (Read 2312 times)

Starting trading is very easy if you have knowledge of it to face with any situation that can be the boarder line of your trading system. So knowledge is important that is necessary to make good and required decisions to put it into trading system. Trade Bitcoin and other Altcoin if you are able to afford it. Affording Altcoin is much easy and affording Bitcoin is also easy at low.

Before you start your trading, you should know about the project and the coin you are investing in/trading in. Before you invest, don’t listen to anyone’s decisions but Yes, you need to have your complete research about the coin. If the coin is getting dumped huge, it is better to sell it than holding. Don’t fall under FUD, If a project is good and the volume is good, it is worth Holding. There are many exchanges, You can find volume wise exchanges information here https://coinmarketcap.com/exchanges/volume/24-hour/

Its quite easy to start trading crypto currency on exchanges. First decide if you want to trade bitcoin or altcoins and if you want to trade bitcoin than you can try Bitfinex and Bitmex. Bitmex is good if you want to margin trade at a higher percentage, while Bitfinex is good for regular trading. And if you want to trade altcoins than Binance and Kucoin are good exchanges.

First You Have to good knowledge about Market..First you can choose  a good exchange...Second you must read candlestick.. Stop Limit,stop loss. And last you dont buy any coin when a coin pump..You buy a coin when Deep

First you need to signup in any exchange platform depending on you in which of them are you going to use it. Then once you already have an account in any exchange site you must put any balance of bitcoin in that platform anyway before you can buy coins or altcoin. Afterwads, you have the alt/coins you are now then able to trade.

First thing to do is find a platform that is suitable for your needs, what I mean is that the exchange must have the support for cryptocurrencies that you want to trade and another thing is choose an exchange with huge trading volume. Since you are new at this, you can start with small amount of money or minimum amount allowed on that exchange to have an experience on how to trade. Next is have a strategy, will you go for normal or day trading/short term trades? then plan on when will you enter the market because timing is important when doing trades. Then set a target profit, I suggest that don't expect to earn that much and don't be too greedy.

to be a reliable trader of course you have to go through all kinds of failures or errors that will occur. and usually for a trader who does not have patience or does not want to learn from mistakes, of course they will give up before they get success. so I mean do not ever be afraid to start for fear of failure because I think that it is actually from the failure that you will gain experience and certainly not repeat the second mistake.

I'm assuming you know this, but you'll need BTC, USDT, or ETH in the crypto exchange of your choice. I would recommend finding some coins that have real world use and reputable teams. Trading shit coins is risky, especially now.

You'll need to decide if you're day trading or going for mid-long trading. The longer you trade, the safer it generally is. That should help gauge how much you want to trade with.

I would recommend using the Bollinger Bands and RSI using the 5m-15m time intervals for day trading. Learning candlesticks is helpful too. Also, make sure the coin has volume of at least 20 BTC daily on the exchange.

If you're looking at trading over days, use Fibonacci Retracement or learn how to use Elliot Waves.

Let me make it clear, I am not a professional but I would like to share to you what I know based on my experience.

Before you start trading, you have to set a limit on how much you plan to trade. Check the Coinmarketcap and see which token or coin you plan to Buy and hold. Yes, you heard it right, select a token or coin first not select an exchange because you might plan on buying a token or coin that is not listed in the exchange that you selected.

Learn to read charts. You cant learn that over night but you really need to know at least the basics or else you might be buying a token or coin that is overbought or oversold or maybe its just a pump and dump and its already at its peak so be careful.

Never believe those pumps or signal groups. You can use it as a guide but never follow their advise. They are the one who gets rich not their subscribers.

Look for those who are successful in trading and if you can find out whats inside their portfolio then try to study why they selected that token or coin instead of the others.

Learn to use stop loss. Its to protect you from sudden drop of price.

Lastly, I would rather settle with a 3%-5% profit in a day than risk your investment in waiting for your token or coin to hit 30%-50% profits.

Note: At the end of the day, its still you who will decide which token or coin to buy.

Before starting trading with real cryptocurrencies and not on a demo account you need to know at least the basics of fundamental and technical analysis. Make wise decisions,not rushed ones. DO NOT FOMO into coins! Control your emotions and have proper risk management(take profits and stop loss areas).

There are many other aspects of professional trading,but that takes a lot of studies and especially practice/experience.

The first thing you need to do is create an acount in any exchanger that you want to trade and after you create an acount you also deposit any amount and start trade in the exchanger.

Before starting an account an if you already have one you should atleast think of everything before making a traders move. You should go and learn that a trader should take the risk of investing that is the words of "INVEST ON WHAT YOU ARE READY TO LOSE" invest a amount that you are ready to lose a fine amount that you will not regret on trading.

2nd here learn from you mistake. If you lose a money you might stop but one must not because if you think so because from the move that you have lost your money you can make it right for the second move.

Just create your profile sign up in any exchanger that you want to trade for example poloniex or some other exchanger after that you deposits your money or bitcoin into that acount you created and start buying a whatever coins you like to buy and thats it you already start trading.

I think, that you need to start trading with small amounts, for example $ 50 which you can lose. Try different strategies and tactics, in any case it will give experience!

Hello guys, how to start trading on the crypto exchange?
I would like to hear the opinions of professionals people.