Topic: How to trade? - page 2. (Read 707 times)

Each person has a different investment strategy and I think that if the strategy is successful then it will be true in each stage. I often divide my capital into many parts to invest, including BTC, ICO and ALTCOIN. This division of capital helps me reduce the risk in trading and have more opportunities to increase profits when investing.

I don't think that $100 is enough to make earnings with the trading in the field of the trading of cryptourrency because it is that field where even the big big amount becomes small to invest .
But as here you are at newbie stage so I would like to suggest you that try to learn the basic best trading ideas , like find the top most altcoins and then find that altcoin out of them which is at down since long time and then they Coin will give opportunity to make earnings easily .
So here i will say best of luck and try your best to put in This field otherwise only wastage of time and money will take place .

youtube it and google it

You can start with any amount in this space and they don't get $10 commission per trade but rather a % which helps the little guy out a lot. I would advise going to Youtube and watching a couple introductory videos on Bitcoin and what cryptocurrencies are. After that I would get well acquainted with the exchange software prior to making trades. Then do a couple of tester trades after you do some research. After that it is all about trying to have more winners than losers, or bigger winners than losers and some enough you will be one of us .

Never sell at a loss and just find more capital! Time to act, In that way you can make money. The most important work hard and invest your money in the right way, then get your new experiences!! I may be wrong, but please do your own research.

I remembered in my first few days of trading, I started with $100 just to get acquainted with the market. The truth is that despite the learning, it took a hard time to actually get used to the volatility of the market as almost everything is centered on bitcoin and it would take some experience to always put that into perspective most of the time.

If you make some mistakes, over time you will end up finding a strategy that may end up suiting you better and then build some confidence on that before even considering going big. If you want to trade perfect, I would even say you must find series of articles online and see how you can actually use the knowledge from those articles to increase your chances of a good trade at the end of it all.

It is not that easy to trade and it is easy as well, but the fact is that you have to learn a whole lot before hitting an exchange first and start by practicing what you have learned with few until you are sure you are better trading in any trend that you find yourself in the market.

Be careful that profitable trading is a full-time job. A trader should:

Constantly follow cryptocurrency news
Make technical analysis
Study fundamental analysis
Educate yourself and stay up to date

Is an occupation that requires constant attention when we talk about the normal stock market, and this is amplified if we're talking about cryptocurrencies which are subject to rapid and enormous (unreasonable some time) price movements.

Which strategy do you prefer?
I go with low risk, low reward.
Preserving my capital and staying in the trade longer.

To be successful in trading, collect good strategies of individuals who experience trading and must watch the video in how to trade in risky one. Remember, this is too confidential for us ,so before we enter in trading make it sure we are already gain knowledge and adopt the volume prices in which it changes immediately.

Before you start to trade you should learn a lot.
youtube, twitter, telegram channels and of course BOOKS — the best source of knowledge
After you spend some time on education and following market, you can start paper trading
You can use Google sheets or Trading View paper trading mode for it

Remember — don't risk your money for the first time. The market will take your money.

Briefly, the process of trading is as follows.               
1) The first step is creating an account on a chosen exchange and verifying it. Then select the payment method for money depositing, and after that going to the trading section, where you will have to choose the trading pair you need and place orders. Also, before starting, you should mind the risks involved and study as much about the trading patterns and strategies as you can.
2) It's highly recommended picking a company with good reputation, which can offer not only exchange but also a wallet in order to make the process easier for beginners. But I would advise keeping most of the assets on your own wallet.
3) If you're novice and doesn't have much expertise yet start with really small amounts, just to give it a try. There are even trading simulators-https://www.makeuseof.com/tag/bitcoin-cryptocurrency-trading-simulators/ so you can first practise.
4) As for coins, I believe it's better to start with cheaper ones (given your budget) and then turn to more sophisticated.
5) Talking about trading websites, GDAX is often recommended, as it's a good start for trading cryptos. But I would also mention cex, it's quite easy in use and also has some trading guides - https://cex.io/. Still your choice will depend mostly on what country you live in.

Trading is something which needs years to learn and that it is not like that you will become a trader in a week or so. You must put in your best of the best to grab as much information regarding different things as you can and that you must be sure that you are dealing with the right coins. Stay patient and think very well before making any final decision and that do not panic no matter how hard the things are.

Well, you can start trading with as low as $10 but still, I would recommend you invest your time before investing your money. Try to understand the market and do your own research, develop your own trading strategies. I have lost my entire capital multiple time in my initial days of trading so don't blindly follow others opinion. Practical trading is the best way I know to gain experience and learn trading.

to trade very easily you only need to have a capital that has a dollar form or you can also use bitcoin you just need to buy and sell bitcoin transaction by utilizing price difference only.

Gain knowledge before start trading,Invest in stable different coins to diversify the investment to minimize the loss money.Learn to control the emotions either lose or win and follow the simple rule buy at low and sell in high.

You should have knowledge about trading first read some forums about trade watching some videos on any social media account for you to have ideas in the world of trading For me trading is very risky but if you want to be a trader someday do not panic when the value goes down

Good decision you are at right place,Before trading you must learn about trading gain knowledge and expertise and know the factors influence the market will help you to take right decisions.
Actually amount is matters if you want just practice to learn start with small amount and it is clear high amount high profit.If you become expert and investing high will get high rate of return.

I also started on that amount and its not a bad start for a beginner. I would suggest you to open an account now in order for you to know how trading works, read tutorials and watch some video tutorials in trading.

   Bottom line is if you don`t know how to trade hold. It`s what I do, holding is the easier way to be involved
more and to have some profit in the end.
   I believe I will start to trade, eventually. That will happen when I have some nice stash of coins, not before
that. It`s not smart to trade and risk everything you have. For making shortages, for trading you need to have
back-up, if things goes wrong way to have funds to apply different kind of strategies. I think for trading you
need to have coins`s and money, when drop doesn`t stopping you need to be able to buy more in that dips,
when price is rising you need to have a lot of coins to dump them little by little until the top.

It’s still quite difficult to tell precisely the currencies that will stand the test of time or even those that will flop. So having a portfolio of currencies is a great strategy