I'm a beginner, I want to start trading. What should i do? - page 13.

Aizhen05

full member

Activity: 205

Merit: 100

me as new and never been trade i just want to know more and study how does trading works what should i do first where i can get some that i need to trade all of that i study all for now cause i know thats what im gonna do and no one can ever help me instead for all of your advice guys hopefully i can get a lot information so i can start trading.

--DarkSecrets--

hero member

Activity: 854

Merit: 500

Stake & Vote or Become a IoTeX Delegate!

Quote from: Wicked17 on October 08, 2017, 05:31:28 AM

Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

Choose a legit trading exchanges like Bittrex or Poloniex. Do a self study! There are so many available information here in forum or google about trading and the coins you will trade. Dont trade random shit coins because its very risky (9+) so it will be better if you trade the top 30 coins in coinmarketcap.com

I agree, but for me honestly i invested in some shity coins perhaps it is the more hype coins in the market but the risk is too big than investing in top coins because in jist a minute or hour you can all lose you money nelow 50% -10% it depends but it is too much profitable too if ypu know how to earn and exit.

Wicked17

full member

Activity: 476

Merit: 107

Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

Choose a legit trading exchanges like Bittrex or Poloniex. Do a self study! There are so many available information here in forum or google about trading and the coins you will trade. Dont trade random shit coins because its very risky (9+) so it will be better if you trade the top 30 coins in coinmarketcap.com

kevpantof

sr. member

Activity: 491

Merit: 250

Quote from: Qunenin on October 03, 2017, 12:38:27 PM

Watch the exchanges and try to guess which way the prices will go. A cool thing to do is watch the chat box, and then track the prices of the coins mentioned there are see how the chat alters the price. Complete and total BS can make or break a coin and often does, a negative comment about the dev and the price drops, true of not.

Besides bounty campaigns, he can also make money by investing in altcoins and other currencies. When he have enough altcoins he can either exchange them for bitcoins to start with them in the digital world. Once he got enough bitcoins then no one can stop him from making either trading or long term investments.

Bridg3Wat3r

newbie

Activity: 44

Merit: 0

I suggest to just do it.
Meanwhile learning TA technical analysis is important.

There is no guarantee that TA is precise,
It is just do it.

samba001

full member

Activity: 165

Merit: 100

I would suggest you to monitor some of the markets like Poloniex & Bitterex for some time before you invest in any of the coins. So that you will get an idea what coins are making good progress and where to invest your 0.5 BTC.

As per my observation investing in any of the major Altcoins(ETH, LTC, XMR andZEC) are good in a long term.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

1. Start with trading with some reputed coins like eth, ltc, xrp, etc
2. Use bittrex and poloniex for trading, a few of the best exchanges.
3. There are many aspects for that, do your own study on it.
4. Manual is better any day if you can understand how markets work.
5. 7,that much risk I think is there when you deal with random altcoins.

CryptoNate21

newbie

Activity: 13

Merit: 0

The amount you use to start trading is not important.

I think it is even better to start trading with small amounts, as you will make mistakes in the beginning.

If you want to be a good trader you will have to do your own research about the coins you are willing to invest in.

By doing your own research I mean acquiring as much information as you can about the coin you want to buy.

Personally I try to read related articles and also attending to bitcoin meetups.

Recently i discovered some free software that predicts the future market of several coins. www.cryptoforesight.org

This should not be your only reference, but still I managed to make some profit using it.

One of the most important things in trading is to never give up, even if you have lost some of your investment.

If you keep trying you will keep learning, a good trader will make mistakes but learn from them every time.

wareen

legendary

Activity: 910

Merit: 1001

Revolutionizing Brokerage of Personal Data

Quote from: ViktorM on October 06, 2017, 11:46:25 AM

Quote from: xFiber on April 11, 2017, 12:14:55 PM

Trading altcoins is a good way to build up capital but it goes hand in hand with the following: 'always use money you can afford to lose'. I think you should start with doing research. There are a couple good videos on YouTube that will get you started.
I would recommend using poloniex for trading your altcoin simply because they have the largest amount of volume.
To answer your fourth question I wouldn't recommend getting involved with bots right of the bat. Try things out and make sure you know what you're doing before you get things automated.
I can't really put a number on the risk factor simply because there are 1000s of altcoin out there. Just make sure you avoid pumps and dumps some coins tend to explode today for instance and get dumped the next day.
So my advice in short. Learn it. Understand it. Believe it. Trade it.

Sound advice right there..I started on Bittrex and found it better to use than Poloniex...but everyone will have their own preferences. Key bit of advice is only trade with what you can afford to lose.

Bittrex and Poloniex are good exchange, you can trade in both and I do not see any problems recently. But you should consider before trade on Poloniex exchange, this exchange has many rumors about bad support when you have problem withdrawal money. Grin

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: FLoving on October 07, 2017, 07:08:58 AM

Quote from: ivanst776 on October 05, 2017, 06:30:37 AM

Quote from: A.H.Rassel on September 22, 2017, 06:37:24 AM

On the off chance that you truly need to procure by exchanging, you have to find out about trading, trading is additionally high hazard on the off chance that you don't know how to trading, my assessment visit this forum Trading Discussion string it's truly useful for everybody
bittrex, livecoin, cryptopia platform are great exchanger I think
for analyzing the Altcoins you require refresh yourself with cryptocurrency

Yes, this forum and youtube are very good place to learn the art of trading. It is fallacy to be able to learn it on one's own by gambling with the assets one has and then fumbling up so many times. It is best to learn from the mistakes others have made in the past, the strategies they use and how they have been winning.

Youtube is one of the very good places to get something practical and get to work as soon as possible.

You can get an idea by looking at the videos and learning from other traders. The act is you will get to know the real art of trading only when you will start trading yourself. All the things which you learn comes with the passage of rime and with experience. You need to very much active and wise in the beginning so that you can learn the things well.

Yes, a clear strategy is always very important and no doubt can help a trader even finish a trade before even starting. However, it still all depends on the trading strategy as most times, for long term trade, stop loss may not just be a very good option most especially if you know it is a good coin and you only have to wait for a little while before it comes back up.

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: ivanst776 on October 05, 2017, 06:30:37 AM

Quote from: A.H.Rassel on September 22, 2017, 06:37:24 AM

On the off chance that you truly need to procure by exchanging, you have to find out about trading, trading is additionally high hazard on the off chance that you don't know how to trading, my assessment visit this forum Trading Discussion string it's truly useful for everybody
bittrex, livecoin, cryptopia platform are great exchanger I think
for analyzing the Altcoins you require refresh yourself with cryptocurrency

Yes, this forum and youtube are very good place to learn the art of trading. It is fallacy to be able to learn it on one's own by gambling with the assets one has and then fumbling up so many times. It is best to learn from the mistakes others have made in the past, the strategies they use and how they have been winning.

Youtube is one of the very good places to get something practical and get to work as soon as possible.

You can get an idea by looking at the videos and learning from other traders. The act is you will get to know the real art of trading only when you will start trading yourself. All the things which you learn comes with the passage of rime and with experience. You need to very much active and wise in the beginning so that you can learn the things well.

arseaboy

hero member

Activity: 644

Merit: 500

Quote from: ghost14k on October 06, 2017, 11:47:01 AM

I don't recommend newbies to jump into trading immediately. True there is money in cryptocurrency but you can lose it all in an instant. If you have the patience, invest in only BTC and watch your investment grow. Trading immediately will be risking it all.

exactly, there's no assurance inside trading so better to do our home work before jumping in, trading have its own pro and cons so better to learned it first
before you proceed, many newcomers are been eaten alive and loses a lots of money because they thinks that trading can make them rich and didn't bothered to look for possible risk and study it.

Bitcotalk

hero member

Activity: 966

Merit: 517

Quote from: Duogembrot on October 04, 2017, 12:18:23 AM

Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

this is a simple question, if you have a capital of 0.5 BTC you can multiply by buying altcoin the price is cheap but with developers who can believe, you can buy altcoin whose price is about 0001 bitcoin to invest.

Just going in with that amount and buying all the available altcoins is not the way. This is trading and not just ICO, you have to study the chart and the growth of the altcoin you are even trying to get into in the first place.

Otherwise it is even much better sticking with just few altcoins in your portfolio or making some research for some of the best altcoins to trade. Those sort of information can even be gotten on this forum

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Practice for free on my U2 system and earn real satoshi or dollar.
Voucher worth 3000 satoshi offered for the start.

ghost14k

jr. member

Activity: 126

Merit: 1

I don't recommend newbies to jump into trading immediately. True there is money in cryptocurrency but you can lose it all in an instant. If you have the patience, invest in only BTC and watch your investment grow. Trading immediately will be risking it all.

ViktorM

newbie

Activity: 46

Merit: 0

Quote from: xFiber on April 11, 2017, 12:14:55 PM

Trading altcoins is a good way to build up capital but it goes hand in hand with the following: 'always use money you can afford to lose'. I think you should start with doing research. There are a couple good videos on YouTube that will get you started.
I would recommend using poloniex for trading your altcoin simply because they have the largest amount of volume.
To answer your fourth question I wouldn't recommend getting involved with bots right of the bat. Try things out and make sure you know what you're doing before you get things automated.
I can't really put a number on the risk factor simply because there are 1000s of altcoin out there. Just make sure you avoid pumps and dumps some coins tend to explode today for instance and get dumped the next day.
So my advice in short. Learn it. Understand it. Believe it. Trade it.

Sound advice right there..I started on Bittrex and found it better to use than Poloniex...but everyone will have their own preferences. Key bit of advice is only trade with what you can afford to lose.

mistanama

sr. member

Activity: 327

Merit: 250

Before you begin studying Atlóins. How it moves and how it runs in the market. That's why you earn more money. Trading is easy because it's simple to buy and sell / sell high Buy low. But you have one of your emotions. You can get it when the price of your bitcoins is falling, And that should control you to be successful in trading

Beparanf

hero member

Activity: 2856

Merit: 783

Burpaaa

Quote from: chocolah29 on October 06, 2017, 04:14:30 AM

I think you should start with yourself.
Are you emotionally and financially ready to start trading? Are you ready to take all the consequences behind this?
Trading needs money, time, skills and knowledge so if you don't want to be all worth it then loosen up.
You can start by reading and watch tutorials in youtube. Also you can ask your well experienced friends and lastly be picky in what coins do you hold. Determine which coin is for short and long term holding.

You can learn it slowly,but always be aware that losing will be part of it at somewway,but once you learn it and masters it you'll see that it will be worth it.

chocolah29

full member

Activity: 588

Merit: 128

I think you should start with yourself.
Are you emotionally and financially ready to start trading? Are you ready to take all the consequences behind this?
Trading needs money, time, skills and knowledge so if you don't want to be all worth it then loosen up.
You can start by reading and watch tutorials in youtube. Also you can ask your well experienced friends and lastly be picky in what coins do you hold. Determine which coin is for short and long term holding.

orions.belt19

full member

Activity: 686

Merit: 146

Quote from: ThunderCatSteve on October 05, 2017, 04:27:05 PM

Quote from: nicster551 on September 22, 2017, 11:52:33 PM

First thing that you should do if you want to enter on the market is to make a research about a certain coin that you want to invest and study it so that you have a knowledge on what you are entering and also you can make a strategy that helps you to make a profit from it.

Researching on a coin before buying in is always very important. Find out more, see if it comes with a strong backing, most especially if it is new and see if the position is a very good one to buy. However, altcoins can be quite risky most times when they are new so it is always good to trade the ones with high market cap and support than trying out something you will need a huge research to be sure.

Choose carefully what coin to invest on because not all of the coins will prosper, and your investment might go to waste and it will just incur a loss on their part. Conducting thorough research on the coin will help you choose wisely and minimize this risk.

Also, be constantly updated on current news and events so that you may deduce some predictions from this. These won't tell you what the price will be but perhaps you can make a close enough guess. The prices frequently fluctuate and it is sometimes affect by the current happenings so best be always updated.

Topic: I'm a beginner, I want to start trading. What should i do? - page 13. (Read 13448 times)