I'm a beginner, I want to start trading. What should i do? - page 17.

sevendust777

hero member

Activity: 806

Merit: 503

Quote from: Savemore on September 10, 2017, 08:39:33 PM

Quote from: GrayFullbuster on September 10, 2017, 07:06:34 PM

Quote from: knightmairesaint on September 08, 2017, 04:44:32 PM

Quote from: jokowi on September 08, 2017, 01:31:26 PM

Quote from: JimmieA on September 08, 2017, 11:14:11 AM

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

That's right, it's really a simple job. But that is not the job of a trader, what they do more than what you imagine. and all come from their intelligence.

Aside from that, he must have the basic knowledge first about trading. Those they have given will help but will not be performed wisely without knowledge in trading.

There are many articles that can be found onkine that is about bitcoin.

I agree to you. Before we enter the world of trading we must have basic knowledge about trading altcoins and bitcoins. Knowledge is very important factor to earn big amount of profits.

Yeah. Being knowledgeable person is really important. I study different topics about cryptocurrency before I entered and try to trade different altcoins. I can conclude that knowledge is the capital in the trading world.

I Agree, we need to be knowledgeable enough before entering into trading. Experience is also the best teacher when it comes to trading. Research and ask people you trust. Start with a minimum capital to trade with alts just for experience, this goes for short trading.. And for long term should you choose prominent coins.

Savemore

sr. member

Activity: 952

Merit: 274

Quote from: GrayFullbuster on September 10, 2017, 07:06:34 PM

Quote from: knightmairesaint on September 08, 2017, 04:44:32 PM

Quote from: jokowi on September 08, 2017, 01:31:26 PM

Quote from: JimmieA on September 08, 2017, 11:14:11 AM

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

That's right, it's really a simple job. But that is not the job of a trader, what they do more than what you imagine. and all come from their intelligence.

Aside from that, he must have the basic knowledge first about trading. Those they have given will help but will not be performed wisely without knowledge in trading.

There are many articles that can be found onkine that is about bitcoin.

I agree to you. Before we enter the world of trading we must have basic knowledge about trading altcoins and bitcoins. Knowledge is very important factor to earn big amount of profits.

Yeah. Being knowledgeable person is really important. I study different topics about cryptocurrency before I entered and try to trade different altcoins. I can conclude that knowledge is the capital in the trading world.

GrayFullbuster

full member

Activity: 658

Merit: 103

Quote from: knightmairesaint on September 08, 2017, 04:44:32 PM

Quote from: jokowi on September 08, 2017, 01:31:26 PM

Quote from: JimmieA on September 08, 2017, 11:14:11 AM

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

That's right, it's really a simple job. But that is not the job of a trader, what they do more than what you imagine. and all come from their intelligence.

Aside from that, he must have the basic knowledge first about trading. Those they have given will help but will not be performed wisely without knowledge in trading.

There are many articles that can be found onkine that is about bitcoin.

I agree to you. Before we enter the world of trading we must have basic knowledge about trading altcoins and bitcoins. Knowledge is very important factor to earn big amount of profits.

realm

sr. member

Activity: 351

Merit: 250

some basic rules:

use markets with great liquidity.
never trade more than you can accept to lose.
start learning some basics about technical analysis.
never trade based on what the others say.
don't overtrade

malikusama

copper member

Activity: 1050

Merit: 294

Quote from: Phoenil on April 11, 2017, 09:24:59 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.

I will explain my answer in few points and will try to keep it simple so you can understand it quickly.
1. Bitcoin is reliable and involves low risk then any altcoin. Better to trade with bitcoin instead of altcoins if you are a beginner. Best way is to hold your bitcoins for a long time.
2.To analyze an altcoin is to first check its market from the beginning or during past months, but this needs a bit experience to analyze it thoroughly. If you want to start trading altcoins then first buy some cheap altcoins and start trading them to gain experience.
3. Risk level is 8 for altcoins trading from 1-10.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: JimmieA on September 08, 2017, 11:14:11 AM

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

Buying bitcoin can be a little costly and if someone is a newbie to the world of cryptocurrencies, it would be better for him to earn some bitcoins without investment. After that he can jump into the river of trading.

According to me, the best skill that a trader can have is staying calm under all situations. Trade with a small amount in the start, grab the idea and move on.

knightmairesaint

sr. member

Activity: 490

Merit: 262

privacy preserving smart contracts and beyond

Quote from: jokowi on September 08, 2017, 01:31:26 PM

Quote from: JimmieA on September 08, 2017, 11:14:11 AM

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

That's right, it's really a simple job. But that is not the job of a trader, what they do more than what you imagine. and all come from their intelligence.

Aside from that, he must have the basic knowledge first about trading. Those they have given will help but will not be performed wisely without knowledge in trading.

There are many articles that can be found onkine that is about bitcoin.

jokowi

hero member

Activity: 867

Merit: 522

Quote from: JimmieA on September 08, 2017, 11:14:11 AM

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

That's right, it's really a simple job. But that is not the job of a trader, what they do more than what you imagine. and all come from their intelligence.

JimmieA

sr. member

Activity: 396

Merit: 250

The simplest thing you can do is to buy a few btc or altcoin then wait for the price to rise. Remember to just buy a few, they will initially help you get used to the job. And you should monitor the market to be able to buy a little lower prices, so you will be a little bit more profitable.

uraharasan

full member

Activity: 154

Merit: 100

Quote from: umbara ardian on September 08, 2017, 10:12:30 AM

I am also a beginner who recently started out with altcoin. you should prior to trading first identify the coin that you will buy. keep up-to-date on the coin news as this will help you analyze the coin up or down. and this technique proves powerful. and never you all in your capital only for one coin if the coin is drop then all run out and have to wait.

how to identify a coin? I never identified a coin, I bought a coin because I just felt that the coin I bought was going up did not need to identify it.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

I am also a beginner who recently started out with altcoin. you should prior to trading first identify the coin that you will buy. keep up-to-date on the coin news as this will help you analyze the coin up or down. and this technique proves powerful. and never you all in your capital only for one coin if the coin is drop then all run out and have to wait.

Nyuska1987

full member

Activity: 462

Merit: 103

The main advice - DO.NOT.PANIC. In any case. Follow twitter or telegram channels of coins, in which you are interested in. And some number of agregators of cryctocurrency news.
My experience shows, that you can forgot for a while about "old" & "stable" coins and pay your attention on new perspective alts. But it's very subjective, of course.

Bunsomjelican

sr. member

Activity: 812

Merit: 251

Quote from: Phoenil on April 11, 2017, 09:24:59 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-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) What should I start?
- You have to choice hold 0.25BTC then the remaining 0.25BTC roll it in trading mate.
2. Which platform should I use?
- You can use Bittrex, C-cex, Cryptopia, coinexchange, hitbtc.com and novaexchange
3. How can I analyze the Altcoins?
- Always check the volume market, update to their project too
4. Auto or Manual?
- Manual is much good but its up to you
5. From 1-10 how much is risks in trading Altcoins?
- I can rate it from 5 to 8

weblouartisan

full member

Activity: 448

Merit: 100

Lets Go Adab

Quote from: senyorito123 on August 16, 2017, 11:42:58 PM

The simplest way to learn on tradings is to grab a guy who have more knowledge about this kind of site and learn from him and also you may find basic info on this furom and try to apply it for yourself but don't put to much money in your first trade and always apply lower amount for a test so that you will not cry if you lose and also you will learn with that for instance.

This happens the same thing to me, I did not really know about this bitcoin thing and my friend told me about this. But the first thing we do is just join signature campaigns because that's the easiest way to earn bitcoins if you have nothing to invest to start. Then after maybe 2 or 3 months we decided to start trading and how did we learn our knowledge is from different people here in this forum that has more experience than us. Just read more here a little bit and you will learn everything eventually.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

1) What should I start?

You can start with the basics first like understanding how trading works, lows and highs, volume, learning about the meaning of shapes of the candles, patterns, technical and fundamental analysis and read about the altcoin too that you want to trade like any news that may affect its price.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

2) Which platform should I use?

I use Poloniex before but transferred to Bittrex because of some issues in Poloniex recently.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

3) How can I analyze the Altcoins?

You can check their website, in this forum and others as well and their social media accounts to know about the coin and its potential.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

4) Auto or Manual?

It depends on your preferred strategy.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

5) From 1-10 how much is risks in trading Altcoins?

10 if you just trade instantly without knowing anything about it and you can reduce the risk by studying, researching about it and with proper knowledge and experience in trading as well the you can reduce it up to 1.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

1) What should I start?

- You can start by reading more about the trading experiences of others. Use the search box or trading section to read more about other member's mistakes. It would help you to avoid your loss.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

2) Which platform should I use?

- It depends on the pair in my opinion but I would suggest, go with the lowest per trade fees, trade volume, reputation, support, security and available options of trade and most important the minimum and maximum limits.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

3) How can I analyze the Altcoins?

- Observe the behaviour on the price chart. See what affects the price in which manner. Stay updated about the news of altcoins.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

4) Auto or Manual?

- I am not eligible to answer this question as I have not tried auto trading yet.

Quote from: Phoenil on April 11, 2017, 09:24:59 AM

5) From 1-10 how much is risks in trading Altcoins?

- 15 in my opinion.

Hope that helps.

Klausi

sr. member

Activity: 536

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: ?? on ??

Well as a beginner you should study first and consult someone who is more well experience.
They can give you real time experiences that they get through when they just still starting.
Trading is a risky thing, if you don't have knowledge what coins should buy and hold you will end up holding nothing.
So better study and watch the market and graphs and have an advisor that will get you through this.

I think you've gotta save more bitcoins since you're a beginner. You also have to know deeper what is bitcoin all about. As you can see even long term members don't even know fully about bitcoin because it's dynamic. And,trading is somewhat risky. Expound more learnings and its strategic ways because if you are ready enough then go ahead and trade and if there are adjustments,you won't worry anymore.

Tamilson

hero member

Activity: 1022

Merit: 503

Well as a beginner you should study first and consult someone who is more well experience.
They can give you real time experiences that they get through when they just still starting.
Trading is a risky thing, if you don't have knowledge what coins should buy and hold you will end up holding nothing.
So better study and watch the market and graphs and have an advisor that will get you through this.

BitcoinPC

hero member

Activity: 812

Merit: 500

Quote from: Phoenil on April 11, 2017, 09:24:59 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.

I give you suggest if you want to invest and now you have a opportunity to invest than do it. In investment sites, you could earn monthly or weekly profit but only use trustable investment site. Secondly, if you don't know about trading than better start trading but with a small amount, at least you gain the experience of trading and finally, if you hold your 0.5 btc then it is also good because bitcoin hold is enough to get the money.

Bosx1ne

full member

Activity: 540

Merit: 100

Quote from: Cactushrt on April 12, 2017, 02:11:09 AM

If you really want to earn you should take the risk, trading is also high risk if you don't know what to do. You have prediction thay it will be 500.000€/btc then why not to hold the coins? No risk at the same time.

Trading is quite high risk besause of the unstable balue of btc, I think that if you really want to trade start with small amount so you would not lose that much.

Topic: I'm a beginner, I want to start trading. What should i do? - page 17. (Read 13475 times)