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Topic: I'm a beginner, I want to start trading. What should i do? - page 24. (Read 13448 times)

legendary
Activity: 2996
Merit: 1188
As a beginner or newbie especially on cryptocurrency trading, you need to study more details about trading. Also, by doing trading in real time in small amount is a good idea to start with as you are immersed in trading at the same time learning it. Start from reputable trading site like Polo. Good luck.
Yes, the books and the articles don't as much as do the actual investment and real life experiences, I used to get very excited seeing a lot of pages about a coin being talked and I just invest blindly but with time I have learned that that hype actually created to loot guys like me and other newbies.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
As a beginner or newbie especially on cryptocurrency trading, you need to study more details about trading. Also, by doing trading in real time in small amount is a good idea to start with as you are immersed in trading at the same time learning it. Start from reputable trading site like Polo. Good luck.
Yes, start with small amount first and then with the time being you can add more to invest with your knowledge growing up every time you see the market and pump/dump event. Like you said better to learn about trading and research about coins you would like to invest.
As described experiment your ability with small amount. Gradually increase the amount if you feel yourself a successful person in trading. The reason is that trading is one among the high profiting source, based on this more capital is invested without proper knowledge. This leads to big loss.
hero member
Activity: 1022
Merit: 511
As a beginner or newbie especially on cryptocurrency trading, you need to study more details about trading. Also, by doing trading in real time in small amount is a good idea to start with as you are immersed in trading at the same time learning it. Start from reputable trading site like Polo. Good luck.
Yes, start with small amount first and then with the time being you can add more to invest with your knowledge growing up every time you see the market and pump/dump event. Like you said better to learn about trading and research about coins you would like to invest.
I would say that even when starting make sure that you just trade stable and well known coins.

Never buy and sell the coins being sold in the ICO for example there is a ICO going on for BOSCOIN which I am sure will get successful but the user's might not earn much with that. The coin will just behave like ICONOMI first too much interactions then no actions from the developers.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I think you should know alt coin trading isn't easy and you can lose a lot of money trying to earn profit, especially if you are trying to trade unknown recently pumped alt coins, as they die very often and after a big pump the price is dumped fastest.
Trade with bitcoins is the best trade you can do, it's safe, you don't need to worry if the currency will lose price.
Trading in any currency is risky, including trading altcoins. Since in altcoins, it is in its developer on how does the market goes. If the developers decided to dump it, all of its investors would lose their money which could cause a coin to die and the only people that take advantage of that are the exchangers and its developers. However, not all of altcoins end up with this since many altcoin get sucessful and it's a crtypto currency coin now.
Both tradings in bitcoin or altcoin is risky either, there's no such thing as safe trading because you still have the risks of losing your money anytime. Trading bitcoin sometimes are really hard because you often can't predict the dumping or pumping by the market, you can only follow the trends, if you're against it, you're doomed. Whereas with altcoin, if the developers were releasing some good news regarding the project, the price of the following altcoins will be pumped.
sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
I think you should know alt coin trading isn't easy and you can lose a lot of money trying to earn profit, especially if you are trying to trade unknown recently pumped alt coins, as they die very often and after a big pump the price is dumped fastest.
Trade with bitcoins is the best trade you can do, it's safe, you don't need to worry if the currency will lose price.
Trading in any currency is risky, including trading altcoins. Since in altcoins, it is in its developer on how does the market goes. If the developers decided to dump it, all of its investors would lose their money which could cause a coin to die and the only people that take advantage of that are the exchangers and its developers. However, not all of altcoins end up with this since many altcoin get sucessful and it's a crtypto currency coin now.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
I think you should know alt coin trading isn't easy and you can lose a lot of money trying to earn profit, especially if you are trying to trade unknown recently pumped alt coins, as they die very often and after a big pump the price is dumped fastest.
Trade with bitcoins is the best trade you can do, it's safe, you don't need to worry if the currency will lose price.
hero member
Activity: 518
Merit: 500
I think you must know about analysis technical for making prediction and find the trend of price,
the source of about analysis technical can learned on internet web browsers are your friends.
 I suggest for trading altcoins because of it can use small amount of capital and can use large of capital
and always use idle money for capital.
sr. member
Activity: 840
Merit: 250
www.guestcrew.com
As a beginner or newbie especially on cryptocurrency trading, you need to study more details about trading. Also, by doing trading in real time in small amount is a good idea to start with as you are immersed in trading at the same time learning it. Start from reputable trading site like Polo. Good luck.
Yes, start with small amount first and then with the time being you can add more to invest with your knowledge growing up every time you see the market and pump/dump event. Like you said better to learn about trading and research about coins you would like to invest.
sr. member
Activity: 462
Merit: 250
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.
You may start at 0.01-0.05BTC amount only for you to experience how it is and try to buy some active coins.
There are many trading sites there just make some research .
Check some threads here in altcoin .It is a big help , I only analyze it by some movements and update from my co trader from the start .
Manual or auto depends on your time to watch your trades.
10 as a start because you are an empty cup ,the skills you will learned will lower the risk of your trades.
hero member
Activity: 850
Merit: 504
As a beginner or newbie especially on cryptocurrency trading, you need to study more details about trading. Also, by doing trading in real time in small amount is a good idea to start with as you are immersed in trading at the same time learning it. Start from reputable trading site like Polo. Good luck.
hero member
Activity: 686
Merit: 500
First of all go to some expert and professional traders and get training from them you can also join some training institutes for starting the trade and when you find that you are in the stage that you can invest and will win in the trade without any risk then start to trade.
sr. member
Activity: 364
Merit: 250
If you are a beginner then do not start with that much amount because you will not be able to predict the market and you will not be able to earn from your investment if you were not having skills in trade. Put a smaller amount in the market and start to learn with that.

So of course you can do it this way too.Set some amount you will not feel sorry for when you lose.You can at least learn about the operation by trial and error.


hero member
Activity: 770
Merit: 500
If you are a beginner then do not start with that much amount because you will not be able to predict the market and you will not be able to earn from your investment if you were not having skills in trade. Put a smaller amount in the market and start to learn with that.
full member
Activity: 1428
Merit: 129
The first decentralized crypto betting platform
1) What should I start?
You could go down two routes.  You could start by looking at the altcoin announcements section and finding the altcoins with the most potential and investing in them at the beginning/during ICOs, or you could start by day trading relatively stable currencies like Monero or something based on smaller fluctuations (day trading).
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2) Which platform should I use?
Poloniex is best in my opinion.
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3) How can I analyze the Altcoins?
Find their subreddit, websites and ANN thread so that you can keep up to date and predict future events related to the coin based on the state of it and sell or buy based on how these events affect/will affect the market.  This is called fundamental analysis.  The other form of analysis is technical analysis, which is where you analyse the state of the market through charts/graphs in order to try and find how the price will change.
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4) Auto or Manual?
If you're day trading, you can use bots as an assistant as long as you're very aware of trading and how to handle it manually in various situations.
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5) From 1-10 how much is risks in trading Altcoins?
10.
sr. member
Activity: 364
Merit: 250
it's very successful to open titles like this.I do not know how much the person who opened the title controlled it.But I look at it from time to time and it is very educational.I want to give  some ideas.I'm following the coins that will go to the new market.And I try to collect information about these coins as much as I can.So I reduce the risk. And I can see the future of coin more clearly. There are a few coins I follow. If you want to send a private message.But it is certainly not investment advice.It's just my idea.







hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
Any beginner must start with demo accounts. For crypto currency trading only very few exchanges are offering demo accounts, you can check for bitfinex for availing demo accounts. I'm not sure they are still providing it.

In the case you cannot find, you can choose any Forex broker and trying with them to get familiar with various trading tools. Without demo accounts also we can get practice by just watching market and doing trading in paper itself.

Secondly you must watch more videos on youtube about different trading strategies and methods to get yourself familiar with them.
newbie
Activity: 6
Merit: 0
You can save your bitcoin as bitcoin itself is investment. For other choices you can invest in altcoins. High risk but high profit also. 0.5bitcoin is a big number already. Why not turn it to 1bitcoin in alts trading. You should watch youtube and google it more my friend. Experient by yourself and learn from mistake. My advice do not put your egg only in one basket ok.kbye
sr. member
Activity: 264
Merit: 250
Trading altcoin is profitable. You  can make coin trading doge because the margin is high. I trade at https://exmo.com/?ref=122475 you can start from small amount of bitcoin. Minimal deposit is 0.001 Btc
yes there is no doubt about this that trading alt coin is really profitable, i have personal experience of trading alt coin and getting good profit from it.
hero member
Activity: 868
Merit: 500
Trading has a lot opportunities to get extra bitcoins, but besides research you need to follow the market interest as well follow the fresh news, soo you need to read and follow news at first. Then you have to put your coins at risk, and choose a strategy, daily traders usually once they hit the roi they drop their coins and moove into others or wait some opportunity, but there is no way to predict the market at all.
Last month i bought doget at 19 satoshis, this month it had reached already 45 satoshis and now traded around 38 satoshis, this is just to show you that with some coins the waiting period might worth the risk.
hero member
Activity: 812
Merit: 501
Trading altcoin is profitable. You  can make coin trading doge because the margin is high. I trade at https://exmo.com/?ref=122475 you can start from small amount of bitcoin. Minimal deposit is 0.001 Btc
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