Topic: How to start trading with 2 BTC? What is the first step? - page 5. (Read 1300 times)

wow you got a lot of concerns huh  but let me try to answer some of your concerns   . first you said your a noob and a noob means no experience but why you start with 2 btc  ? 2 btc is already a huge amount for just a starter  but that i a good capital once you are already have an experience  . you can just try demo trading to practice and save the 2btc for a while  . second , you can learn here on the forum for tips and tricks or you can watch trading vid on yt  . you cant expect a good profit at the start but itll only come ones your getting the grasp of doing good trades  .

I think 2BTC enough to start trading. To be honest even I were not start trading with such as amount. First thing is you should play with big amount for first time since you are beginner. And don't trade with more than 80% from your portfolio. Remaining fund would be use for emergency situations. And learning market analysis is important part of trading. You should know real time updates which coin you are going to trade. Otherwise you can't make profits just based on ideas. Remember you have to take action with patience and you have to avoid your greedy behaviour. As so as you gain experience then you could get profits from trading. Remember, everyone there for profits, but it's really very complicated.

Since this is a forum where people can disscuss anything they want, then it shouldn't be a problem for OP to ask about that. Where is the different between ask on here and searching from youtube or book?

You are right! Its not really that necessary to start up $16000+ of start up capital for trading specially you are starting from the beginning.
99% chances that you will surely lose up those funds in a short time since you dont even know on what you are doing.As been said earlier this would
involve lots of mistakes and errors which for you to learn along the way.Learn from it then gradually applying trading techniques or system which
would somewhat workout into your own strategy.

the first step is NOT starting with 2 BTC!!!
you say you have no experience in trading and you just heard some people hype the profit for you, that is the most common reason for thousands of people who lost money in this market.
people already posted a lot of good suggestions here but none of them matter when you have such a large amount of money at stake in a market you do not understand.
the solution is very simple too, you first have to reduce that capital to something more reasonable like $100 and then follow the suggestions here and learn trading.

The first step is definitely not to come to Bitcointalk and ask a bunch of strangers how to trade, this is the first step to rekt. But I understand how it could be  for a newbie and we all have different ways of learning, if you want to begin, you have to know that there would be absolutely no way to avoid losses at the beginning but you are going to learn what works and what doesn't work by trial and error, you could start with much smaller funds to learn though.

You can use BTC capital smaller than that to test the market or go to an exchange that provides a DEMO account for you to learn first

so how can i start and where can i start? You might be able to see exchange information here, you can register and have an account there, usually I choose one that has a high trading volume

where to learn the basics? some good books? You can find it on YouTube and you can practice it directly, I rarely see books for trading crypto

how much profit can i expect daily in the beginning? stop to hope, whatever people say out there discussing the advantages of trading in the crypto world is wrong, the first thing you must understand is understanding the second risk about profit

How to avoid major loss? I think to avoid risk is very difficult, maybe to reduce the risk I think there is, I use 3 buy order techniques in trading using mathematics

is there any professional traders that allow to follow their trades and they charge some fees for it? I think a lot, but unfortunately they usually have a closed group so it might be hard to find, but you can follow the trading signals if you want and you can look for it in a telegram, you join there for free

I would say instead of trading maybe he should start with "investing", that sounds like a better idea than trading right off the bat. Sure, there are ways to start trading checking up on indicators and so forth but that doesn't mean he should jump into it.

For the OP and anyone that wants to ask the same question : my suggestion is to take your time, if you have no time to deal with this and want to get rich quick that means you should run away and leave quickly, it may take YEARS before you see a decent profit, nobody wants to make you rich, you need to basically find people who lost money and be the guy who made money on that which is very difficult.

Learn the indicators, learn the trends, learn the supports and resistances and test out very small and grow from there.

"HODL" it. Don't engage in trading yet. Since you have no experience, you need to do first a self-study to be able to picture out what things you should expect once you enter the world of trading. Start from learning basic trading knowledge and that's enough to now finally start the actual trading. Your best source is your favorite web search engine. Almost all trading article stuffs today out there on the web are useful. I know you already know how to determine sh*t infos on the web so I don't think you will have a problem if you read those at random sites.

It will take time before understanding trading stuff so you need to be serious if you really want to push the idea of doing trades. BTC2 is not a joke amount and it can vanish even within a day. Understand the risks of trading and take note that there's no overnight rich profit here.

Goodluck.

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A subscription but most of them are fakes and scams. Trust your knowledge instead.

Real professional traders are too busy to have time assisting their all supposed clients so don't believe easily in that kind of offer.

If you are talking about a copy feature, like in E-toro, I don't see any crypto-related platforms today who has that feature. But no need for this. Build experience and you will be fine in the long run.

He did planned it before having this new thread about trading with his 2BTC. His previous plan was to invest dash and earn passive income from POS but I guess he didn't listen and then started another thread again like this one.

My advice is staking ETHER after the update of the ETHEREUM network which they'd turn POW to POS. I think the minimum collateral as people said was just 32ETH, you can buy a lot than just 32 to earn more.

I hope you find time to consider other trading strategies before concluding on the day trading. Consider the advice on the risk of using 2btc to start up trading, It will take a lot of courage to accept failure when you are losing but when you notice a big loss take time off. Get a mentor along that you can trust and communicate with often.

I'm not a big trader, so take my advice with a grain of salt.

If you have 2 btc, you might do better holding it instead of trying to trade.  The price of altcoins generally depends on the price of bitcoin, so you might not be able to beat the bitcoin market if you know what I mean.  Many traders have tried their luck and have lost out, because the altcoin market is extremely volatile and prices can sometimes swing dramatically in a way that you don't want.

You might try investing in some proof of stake coins as well, from which you can earn income.  There are some decent ones on the market and you don't have to really do anything except keep the wallet open in order to earn.  It's a lot less stressful than trading in my opinion and at least the income is predictable. 

If you do start trading, be careful about low priced shit coins with low trading volume.  Also be careful if you use margin.  Profits can be a lot higher but the risk is also higher.  Good luck whatever you do.

You have already been given a lot of advice. On my own I will only add the importance of reading books regarding trading. I read only one of the list on the site.
I am sure you yourself will choose the most important criteria for yourself after you master all the basics. The most important thing is not to neglect the theory and continue to study it in parallel practice.
The main thing is not to rush, use only a part of the deposit at the beginning. Losing in trading is much easier than making money.

You can see the list of books here. https://www.stocktrader.com/best-stock-trading-books/

First of all, you could start by studying not a demo account, and then, when you feel confident, you can start trading your own money. There are enough books and online courses on trading. Choose any strategy that you like and learn. Trading on the cryptocurrency market is not very different from trading on traditional stock markets, but has its own characteristics. Therefore, you must strictly limit your losses.

First, Learn the basics.
Second, to get you started signing up for exchanges like Binance,
Third, do a google search on what to avoid in trading.
Fourth, Learn the coins that you should buy better if you are updated with news, coin annocements.
Fifth, you must deposit a small amount first or sign up for exchanges that provide balance to practice trading.

And finally you will experience how to trade and apply what you learned in the third and fourth tips I mentioned. And there you can see how you can earn daily trading.

Yes, I also reads a book now, that I know will help me to gain more knowledge in trading, that is the first thing you need to do, that is the first step you may also watch different videos about candlestick reading in youtube for free, you may also download some patters that might help you, then I think if you understand the basics you are ready to choose the coin that you want do some research and there you go, you are ready to trade, start with a little amount for you to familiarize and then the rest is depends on you.

If you are new, I recommend you not to choose daily trading because daily trading can bring you high profits but also a lot of risks. In case you still want to try trading daily, I can give you some tips as follows.
Set your own goals and execute it, take profit at 3% and cut at a loss of 5%.
Mastering your own emotions, in fact, shows that emotions are the enemy of all traders on the cryptocurrency market.
Breaking down your investments into a number of reputable currencies, it's best to invest in one of the 10 largest currencies on the market.
Good luck.

Okay, so you finally want to start trading with 2 bitcoin, it's no problem at all. I suggest you use only 1 bitcoin to day trade and keep 1 bitcoin for emergency money if somehow, the market down deeper and all of your coin has bought at the higher price.

- You can start at binance. That a big exchange, you don't have to verify your account, many altcoins, which can have the potential to increase every day.
- You can watch videos on Youtube to learn the basics lesson of trading. It's better to watch directly on the video so you can know how to trade.
- I think you don't have to think about the profit for the first time because you need to familiarize yourself with trading, and you need to understand how to trade with the right.
- If the market down too deep, there is nothing we can do, but we can minimize the loss by making more buying at a low price so we can expect to make a profit when the price back to increase.
- I don't think that you need to follow their trade because you need to learn to trade by yourself so you can improve your skill in trading and you can know how to react related to the market.

It is not easy, I know, but if you can spend some time to learn more about trading, I am sure that will no need too long to make your profit. The more you can learn to trade, the more profit you can make.

Having that 2BTC is a huge and good amount as your capital but to think on the other side is a very high risk situation since you don't have experience about trading process. Here in crypto currency community, having that amount is a very luck in which they try to make it as a profit on the other way in which not here in crypto but on a business project that can be sustain on our way living. Thus, think about it many times mate in which a lot of users here have a huge losses and you must strong emotions by taking risks here in crypto currency community.

2 BTC is already a huge amount so it will be a big risk if you'll trade all of it without enough knowledge about trading. The first thing that you have to do it to know the basics of trading. I guess trading all of the funds that you have in the beginning isn't a good idea. Try to invest some of it first and try the actual trading through a trusted exchange. Read or watch trading tutorials for you to learn fast.