How to start trading with 2 BTC? What is the first step? - page 4.

dark08

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Quote from: 60BTC on November 10, 2019, 01:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

First thing you need to do is learn the basic principles of trading since you are newbie in trading industry but you want to start with a high amount of capital its better to start with a small one then familiarize your self on how to open order, take profit and put a stop lose then after learning the basic proceed to advance on how to read candle, chart and how to use indicators.

Aikidoka

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I don't think it will be a good idea if you're starting directly to trade with this High amount of money while you're not into this field before. You should just lower this amount alot and just start with q few bucks to at least get some knowledge how to maket moves. but before even trying you should read some articles about trading and the methods of it. I'd recommend you to take a look at some topics related to this field aswell as starting with a low amount of btc instead of 2 bitcois. Hope you'll gonna do well.

Serco

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Quote from: wildan88 on November 15, 2019, 12:00:20 PM

Quote from: Questat on November 15, 2019, 07:15:02 AM

You are too aggressive despite you are just a beginner in trading, I suggest you reduce the amount you risk as most likely you will make more bad decision at your early stage. The fact that you are asking basic questions, I can only think that your 2 btc is at high risk if you are not considering on reducing your starting amount in trading.

yeah learning from experience, bringing 2 BTC is very big for beginners, especially not understanding about basic trading is very risky. even I who have long played trading sometimes still often lose by bringing 1 BTC. better try with a demo account, how the results he can get. if you want to learn, at least you look for close friends who can be trusted, because if not, there will be many people who use you.

am agree with your sight,,for beginner start trading with 2 bitcoin was too risky. We should not careless with this amount,for some people its sama with their trading result for long time. Its very unfortunate if we gambling this much of money info something that we dont understand at all on its inside . if we have this money someday,maybe starting with huge amount could be avoided of we will loss and feel regret later.

wildan88

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Quote from: Questat on November 15, 2019, 07:15:02 AM

You are too aggressive despite you are just a beginner in trading, I suggest you reduce the amount you risk as most likely you will make more bad decision at your early stage. The fact that you are asking basic questions, I can only think that your 2 btc is at high risk if you are not considering on reducing your starting amount in trading.

yeah learning from experience, bringing 2 BTC is very big for beginners, especially not understanding about basic trading is very risky. even I who have long played trading sometimes still often lose by bringing 1 BTC. better try with a demo account, how the results he can get. if you want to learn, at least you look for close friends who can be trusted, because if not, there will be many people who use you.

el kaka22

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There is really no difference between starting with 2 bitcoins or 0.1 or 10 bitcoins or even 100 bitcoins.

The first order of business is to decide what you really want from trading. If you want to make a billion dollars, get your 2 btc and leave now, right now, run away. If you are smart and know that you just want to beat the market and that is the biggest challenge and may not even happen, that means you should at least try to beat the market but may fail so don't worry.

Secondly your most important weapon in trading is the news cycles going around and what people react to it, if you see a lot of reaction towards a coin doing something negative that means there are whales going around doing something that the community doesn't but the community is weak to stop it, stay away from those coins.

Questat

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You are too aggressive despite you are just a beginner in trading, I suggest you reduce the amount you risk as most likely you will make more bad decision at your early stage. The fact that you are asking basic questions, I can only think that your 2 btc is at high risk if you are not considering on reducing your starting amount in trading.

danherbias07

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I say that is a lot of money to wager in trading.
Start low maybe?

It will be a mess if you will do it in an instant besides, you still have not much idea of what is going on.
Youtube might help but those are just the basics.
Try reading more in this forum in the same discussion then you could see some good story and experiences.
It will help a lot.

Dart18

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Activity: 1400

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Yes, there are traders who will charge you for help and basics of trading. But "professional"? I dont think so.
There are no professional traders, they are just more experienced. There is no certificate for being a lucky trader. Grin

Start low, try to feel the rhythm of movements and prices.
Try it first with just one pair. Pick one. Try BTC/USDT pair, that way you will just be looking at the movement of BTC because USDT wont move at all.
If a mistake is done then learn from it.

leavolnhals

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Activity: 770

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to avoid a big loss, you need to allocate your capital appropriately and try trading your first $ 100 in 3 months. Test out all types of transactions and pick out the models that you feel best and understand them the most.
Those factors will help you increase your odds of predicting a trend or reversing, leading to greater profits.

tenakha

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Quote from: 60BTC on November 10, 2019, 01:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

If you are unfamiliar with trading, do not think about investing previously. Do not think profit as running water from the faucet. To make profit, you should gather information thoroughly, and once you have gotten that information, you should gain experience by experimenting with small amounts of money. Once you are ready, you can invest as much as you want.

stomachgrowls

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Quote from: cosmofly on November 14, 2019, 06:25:23 AM

Quote from: 60BTC on November 10, 2019, 01:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

2 BTC? no, please. Don't do this if you don't want to be stressed or depressed for a long time. because new traders often have account fires up to 95%. We need to use small capital to practice our trading skills and risk management skills. You even have to do it continuously for a few years and keep a journal to gain experience for yourself. Don't use capital that is too large at first, you will regret it.

Same situation that do happen to me when im starting up on trading.It might not be similar of 2 btc but that was a 1month salary of my day job being used since
i got hyped too much on how to make money out of trading without even knowing the accompanied risk behind.Until i lost up those funds on a short period of time
then thats the time realization happens.You wont learn if you wont experience but it isnt really necessary to experience before you learn yet you can avoid it
as early as you can.As suggested by most people it isnt really ideal to start up with that big amount hence we can start to learn even on few minimal amounts.

Bagaji

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Activity: 1330

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Trading with 2bitcoin is huge sum of money and that can earn you good profit if you are smart in trading but since you are new in crypto Currency trading I will advise you to spend more in learning trading with a small amount of money till when you can consistently make good profit from your trading at the end of the day before you put huge sum of money.

wxa7115

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Bitcoin is GOD

Quote from: 60BTC on November 10, 2019, 01:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

As you do not have any kind of experience when it comes to trading I can say to you that it is a bad idea to try to become a day trader and to use such a high capital, try to make longer trades and at most only use 10% of your capital, your first weeks and months as a trader should be dedicated to learn as much as you can, so at the beginning you should not expect to get any profits, if anything if you can break even you should consider yourself lucky.

This may seem weird after all our goal when it comes to the market is to make money but before you learn how to make money in the markets you need to learn how to not lose it and that can only be done by exercising money management.

aardvark15

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Activity: 1008

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Quote from: 60BTC on November 10, 2019, 01:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

If you don’t know anything about trading, I suggest you just HODL for now and learn more about trading. Or at least start out very slowly because it’s easy to lose a bunch of money when you panic buy or panic sell because of a bad decision.

cosmofly

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Quote from: 60BTC on November 10, 2019, 01:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

2 BTC? no, please. Don't do this if you don't want to be stressed or depressed for a long time. because new traders often have account fires up to 95%. We need to use small capital to practice our trading skills and risk management skills. You even have to do it continuously for a few years and keep a journal to gain experience for yourself. Don't use capital that is too large at first, you will regret it.

adroitful_one

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I got started trading by watching a few videos on technical analysis on Youtube. Learn things like Bollinger Bands, RSI, MACD, ETC., I'm almost certain that after just a few minutes, you will have enough known to at least get you started. Don't pay for any courses or anything on trading. The information is all out there already and completely free on everyone's favorite video platforms.

bitzizzix

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The first step you need to take is to get to know bitcoin more deeply, and learn well the properties of bitcoin and its risks.
and if you want to trade with bitcoin, you must also have knowledge about trading and must learn to control yourself and discipline when trading and don't be shy to ask experienced people and besides find the best source of information anywhere before you do it and Choose the best time and right price to make a purchase.
and to get started you can learn by watching tutorials on YouTube and guidebooks and ways to trade, and there are many other ways to start and learn about trading depending on your efforts and hard work.

lienfaye

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Activity: 3024

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First start gaining knowledge on how to trade, do a research or watch videos on youtube. There are many tutorials in youtube where you can learn the basics about trading and the usual mistakes of a beginner.

Then find a reputable exchange, its important because this is where you will entrust your funds so choose wisely.

Have plan and strategy and it would be better if you dont spend all your capital start with small amount. Then if you're already aware of what to expect you can choose whether to become a day trader or not.

btc-facebook

legendary

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for a beginner, you can try joining the telegram trading signal channel,
if you want to trade on your own, you can try learning to trade with a Demo account before using real money,
I don't have a good book recommendation, but on YouTube there are a lot of them and I study there,
after you learn on youtube and can already trade smoothly using a DEMO account, then you can do real trading.

Ridwan Fauzi

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Activity: 1330

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I'm not an expert to trade but I just know it and had several times to gain a profit from it.

Basically, trading is not like a gambling that you can buy/sell (buy/bet) bitcoin whenever you want and just play it, more than that you need a startegy to start it. Sans it you've included that trading is purely like gambling.

I see all your question only lead to a knowledge how to trade, I just wanna know first, have you know trading? I mean its strategy, its analyst and also your emotional when you trade? Because when you an intention to start it you need to overcome for at least the basic of those.

Learn more first what strategy that shoulf you choose, what analsyt that should you choose and how to control your emotional before you start to trade. Find them by yourself and then I'll believe you will ask your own question that you've mentioned.

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