Topic: how to start trading with a very small amount - page 107. (Read 161319 times)

You can make quick margin profit if you see https://btcpricewatch.com for price comparison across exchanges before any trading. BTCPriceWatch make use of over 35+ exchanges and provide current rate for Bitcoin and all other Crypto Pairs traded in these exchanges. Never stuck your money in low volume exchanges. In Doge I am almost making around 10% margin myself in trading everyday without any ponzy scheme. You can analyze your lucky currency pair.

The best thing that you must do is just indeed start in a small amount you must have first some trading skills before you start with a high amount so that is nice to start small.
And if you have it under control than you can make also later some more profit for yourself and that is nice.

you need to do trading with them, if you want to increase substantially your icome, just holding those btc would require you a while before having a good amount of money

I practice trade on whaleclub.co. They have pretty fcking great demo trading for BTCUSD. I think they use the bitfinex feed and you get 5BTC in demo balance and you can trade the markets like you'd usually do but without risk of loss. once you've got a refined strategy you switch over to live trading

If I hold 1 or 2 btc for a long time, It will be surely profitable in the future or not???

I hope they do not keep all funds in a hot wallet. Is your local bank insured if they get robbed? I think they just have enough money to cover theft, as only a small fraction can get stolen at a time.

there are a lot of exchangers for bitcoin and altcoins so it depends on what you want to trade.

for bitcoin-fiat you can use bitfinex, kraken, btc-e, ...
for altcoin-bitcoin you can use kraken and btc-e for just a couple of altcoins but you can use bittrex or poloniex for more options.

Do you know the reputable trading sites to go to? I heard yobit's customer service is not fast.

How do you know they are safe? Are the funds in there insured? If they are hacked, can you get them back?

Join this site dude. Poloniex.com or yobit.net this site help u to make money faster this site is also very safe to trade. Don't worry about your bitcoin it is safe in that site. Try it now!

first you need some money to start trading, bitcoin is okay for trading but you should try to trade etherium too as it is pretty new currency so you might earn a lot from it

then buy any currency when it is cheap and sell when it is expensive, i think this is the main rule for trading, don't be greedy too and don't wait for very huge price rise

i see more scenarios like this in hyped up alt coins.

but I never seen it with bitcoin, unless you knew something others didnt way ahead of time.

at yobit are quite a few cheap coins (under 10 sat) some as sharp rises occasionally, if you check out the threads here on forum before you buy you can do quite well for low risk and get experience

well because you're new to trading, it is good that you decided to ask for help here, people here are very friendly and will help you, you also have to be ready to lose you money too, you can't always win them, and you have to decide which currency you will trade, then find a exchange site that you like and start trading, buy when cheap sell when expensive and watch you get get more money

On most of the popular trading platform, you can trade with even less than 2 or 3$.

It is right which ever coin you are going to trade , first check the details about that coin its developer and the coin is live or dead, then start doing trading instead of any one tell about a coin and you just get stuck if that coin is not moving.

as i have check with most exchanges minimum transaction is 10000 satoshi only.

the most important to do when trading anything is to stay aware of the market of that thing, and all the news that is happening with it. for example a developer team change or release of a new feature can shoot the price up.

and it doesn't matter how much you have for trading because most exchangers will let you make orders as small as 10000 satoshi.

Agree with this as well.  Study the coin, do your research, and make sure there are actual developers behind the coin and if they have a resume of accomplishes even better.  Google the coin and see if there is any legitimate news.  RESEARCH

Yeah you can make a lots of profit if you start with small amount slow but gradually increase your profit honestly i also start in small amount and never spend my profit anywhere just use it for trading until i can make lots of profit with my small amount of trading..

Make your own decisions.

I figured the most important bit of advice should come first. Following the choices of others is a very bad idea. Many traders will use social media as a way to manipulate markets by spreading bad investment advice in order to lower the prices. I strongly recommend you make your own decisions on when to invest and when to sell.

Do your research.

There are a huge number of different sites dedicated to monitoring the price of Bitcoin with features such as order depths, candlestick charts and much more. These sites are extremely helpful when it comes to reading trend lines and general market analysis.

Do not go all in.

Only invest money that you are fine with potentially losing. Over the years, many traders have made the big mistake of investing everything they have and losing it. There have been people that have even sold their houses for Bitcoin. While some have invested lots of money into Bitcoin at the right time, it does not mean you will end up with the same fortune. Start with small amounts of money and once you get the hang of trading you can increase the amount.

Start with Altcoins.

Altcoins are alternative cryptocurrencies that tend to be significantly cheaper than Bitcoin. Due to the general stable and high price of Bitcoin, any real profits aren’t going to be that noticeable unless you invest heavily. However, with certain Altcoins, investing could lead to a much higher profit.

Take advantage of the Internet.

If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.