I'm a beginner, I want to start trading. What should i do? - page 5.

roshanfious

member

Activity: 263

Merit: 10

Quote from: Luminous-Nova on May 15, 2018, 06:02:04 PM

My Suggest To you :

First Do nothing, spend some weeks to learn and read and analys cryptocurrency world, then if u want to exchange your bitcoin, first read the history of that coin, analys it hardly then do it.

Yes, knowledges are the most necessary thing in this market because without it , you will actually don't know what to do with your coins or even don't know how to buy or sell them.

Luminous-Nova

newbie

Activity: 48

Merit: 0

My Suggest To you :

First Do nothing, spend some weeks to learn and read and analys cryptocurrency world, then if u want to exchange your bitcoin, first read the history of that coin, analys it hardly then do it.

Xetonica

sr. member

Activity: 706

Merit: 250

If you are the beginner in this trading you should take the risk in order to get more knowledge about trading only small amount first because you are a beginner this trading and make some research and read some news or you tube it could help you.

Biggapp

sr. member

Activity: 574

Merit: 256

Quote from: devillnj2.1 on May 13, 2018, 08:04:56 PM

1) What should I start?
- first do a research, join trading group, look for a mentor that will teach you some basic information and strategies fot trading.
2) Which platform should I use?
- mercatox, poliniex, cryptopia and binance I would say those platforms are easy to use.
3) How can I analyze the Altcoins?
- knowledge is the key and be familiar, know the trend.
4) Auto or Manual?
- for newbie manual is more advisable.
5) From 1-10 how much is risks in trading Altcoins?
- I will give 10, because I consider trading is very high risk. and always remember, invest for the amount that you afford to loose.

For beginners the first thing to understand is to invest in you first in order to gain enough knowledge to make decisions in difficult situations in the market everyday. This knowledge will assure its strength and presence that is also removing all the worries an investor faces. After gaining knowledge one can invest easily and selling through the exchange is easy and continuous process.

MUG1WARA

full member

Activity: 1008

Merit: 101

the first way you should research on the coins you want to trade then you have to believe in price developments and not just on a single coin that is traded. you should choose 3-5 coins that have a good future.

billbear

member

Activity: 294

Merit: 10

This things souds very strange to see from a full member. If you believe that bitcoin will be so high, you should sell everything you have for it!

BUK2016

full member

Activity: 770

Merit: 126

What you should do as a beginner is to first of all start to learn what is crypto currency and from there you can start with technical and fundamental aspect of crypto currency trading because that is the basic aspect of trading crypto currency.

GeniusAko

full member

Activity: 434

Merit: 117

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.

Beginner like you must study hard first before you make investment with trading. Trading is not easy job as what you think. You should have knowledge for you to handle different unexpected situations.

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: cheezcarls on May 15, 2018, 06:56:58 AM

The first thing that you need to do before anything else is not to trade with emotions. Think of it as a long-term investment by just simply hold it for a few months, a year, or so. Day trading, however, is kind of risky because the market cannot be predicted and with high volatility. Even skilled day traders cannot guarantee themselves to make a profit when there's bad news coming from the media that would be published anytime. You should also know the annual cycles of bearish and bullish runs by studying the charts.

This reply in some points have a valid reasons, trading without emotions will help us out avoiding panics and greediness, if we do now how to stay with the plan then our trade will be more successful, its very important to know more before dealing with any trade as a beginner better to invest with good knowledge to enhance skills.

MasterNodes.Cash

newbie

Activity: 56

Merit: 0

If you are a beginner, I would advise you to postpone trading till you learn the ins and outs of crypto market. Even experienced traders lose money very often, so make sure you educate yourself thoroughly. Also, we're in a bearish trend right now, and trading when bears are in control is riskier. Wait for the bull run is my advice to you.

Jake2134

newbie

Activity: 91

Merit: 0

0.5 btc is too much or more than i recommend for a beginner to trade with because that's a big amount around $4000 which is big amount of money and i recommend you to hold coins and invest in good icos.

btcjocan

sr. member

Activity: 658

Merit: 250

Quote from: cheezcarls on May 15, 2018, 06:56:58 AM

The first thing that you need to do before anything else is not to trade with emotions. Think of it as a long-term investment by just simply hold it for a few months, a year, or so. Day trading, however, is kind of risky because the market cannot be predicted and with high volatility. Even skilled day traders cannot guarantee themselves to make a profit when there's bad news coming from the media that would be published anytime. You should also know the annual cycles of bearish and bullish runs by studying the charts.

I think the first thing to do is to learn everything on trading. Maybe we need to do basic trading and we need to take some advice from the people around that know or have a lot of experience in the trading feild. Trading is not easy as what everyone knows it is really hard to trade specially in crypto currency feild because we can also loss an amount on it if we are going to do trading without any learnings.

cheezcarls

hero member

Activity: 2254

Merit: 658

Looking for gigs

The first thing that you need to do before anything else is not to trade with emotions. Think of it as a long-term investment by just simply hold it for a few months, a year, or so. Day trading, however, is kind of risky because the market cannot be predicted and with high volatility. Even skilled day traders cannot guarantee themselves to make a profit when there's bad news coming from the media that would be published anytime. You should also know the annual cycles of bearish and bullish runs by studying the charts.

zedicus

legendary

Activity: 966

Merit: 1004

CryptoTalk.Org - Get Paid for every Post!

Quote from: Paniudto on May 13, 2018, 08:42:19 PM

Is trading a profitable business? Is it only for experts? Can someone enlighten me.

Yes, perhaps you can able to differentiate business, investment and job. Trading is an investment, and everyone is free to trades begginer, experts or even what status in life you have its your choice if you want.

Quote from: nik9990 on May 14, 2018, 11:30:40 AM

it is necessary to break your sum into several coins, so you minimize the risks and will be able to successfully trade for short periods

Knowing first what are this coins before you buy and scatter you funds.

nik9990

full member

Activity: 616

Merit: 100

First Islamic Crypto Exchange

it is necessary to break your sum into several coins, so you minimize the risks and will be able to successfully trade for short periods

Firdausiii

jr. member

Activity: 168

Merit: 1

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.

When you trade it will always benefit. And I think you better read more and understand how bitcoin price movements are made after that you can know and have the expertise to determine buy and sell in the right position

Paniudto

newbie

Activity: 93

Merit: 0

Is trading a profitable business? Is it only for experts? Can someone enlighten me.

devillnj2.1

jr. member

Activity: 206

Merit: 2

1) What should I start?
- first do a research, join trading group, look for a mentor that will teach you some basic information and strategies fot trading.
2) Which platform should I use?
- mercatox, poliniex, cryptopia and binance I would say those platforms are easy to use.
3) How can I analyze the Altcoins?
- knowledge is the key and be familiar, know the trend.
4) Auto or Manual?
- for newbie manual is more advisable.
5) From 1-10 how much is risks in trading Altcoins?
- I will give 10, because I consider trading is very high risk. and always remember, invest for the amount that you afford to loose.

Harley_Quinn

full member

Activity: 382

Merit: 104

❤️❤️❤️

In principle, I think that you have all the necessary information on trade told. But I want to add that just to keep the money in bitcoins is not profitable as it is profitable to trade on altcoins.

Chooroz

full member

Activity: 392

Merit: 100

Quote from: angrynerd88 on May 07, 2018, 07:59:49 AM

First of all spend time to learn and gain technical skill,Invest in stable coin and dont invest all at one place. Psychology has great impact in trading so learn to control the emotions and dont take decisions in panic.

Well if you are a beginner my advice to you is you should know how to predict if the coins you have will pump very high or will dump very high and i believe that all beginner here in crypto should start trading with a small amount and a beginner should start trading with a good coins.

Topic: I'm a beginner, I want to start trading. What should i do? - page 5. (Read 13448 times)