I'm interested in trading but don't know where to start. Any tips? - page 3.

senyorito123

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Quote from: kennen1113 on July 24, 2019, 09:53:46 AM

Quote from: emberbekas on July 24, 2019, 01:38:06 AM

Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

You can start with as little money as possible as a learning path. I advise you to try it with bitcoin first. And once you get used to all the items needed to become a trader, you can gradually increase your capital. Don't forget to always read the news related cryptocurrency as much as possible, so that your trading journey could runs smoothly.

Using the smallest capital and creating the greatest effect, it is always something that experts encourage new traders before entering the market but before starting a journey with such difficulties, new traders need an appropriate knowledge base, should not start with predictions based on emotions and have random victories. Many people will feel this advice is redundant but many traders have followed this path, they don't understand the knowledge they need to know clearly from beginning to end, instead of knowing only half

Yes small capital in the start are extremely good and instrumental in giving you the trading exposure and keeping you aside from robust losses. In addition, small capital will help you improve your trading skills without having to worry much about loss. You need to have some market knowledge prior to starting trading. It is not easy but if you own coins at low cost, you are well off.

If we do have a small starting amount in trading, the learning process is great to acquire. Eventually growing a small amount of btc in trading could give you definite skills in handling your trading capability, and obtain full knowledge. Once you're done with those minor steps, you won't be afraid in dealing with bigger amounts as you go more mature with trading and do the serious market approach when you prospected thus promising coins to include on with your day trades.

btcholder

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Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

In my opinion you just invest your that money which is not so important too much. i mean if it loose form you somehow it's not effect in your daily life. Cause in trade you have no idea what's gonna be happen. So don't use that money which is very important to you. First of all spend your time in this thread as soon as you can and asked your thought and question. People are very friendly and professional here. Do research in your own way. And remember you'll not be a good trader in one day or one week or one month it's take some time.

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I am newbie in trading.

good to see a newbie trader .Trading is alawys profitiable .But you have to be patience.

Quote

can you guys please help me ?

We are her to help you always .I am giving you some initial things which help you to start up .Research each and every coin and look the overall chart you will get the idea how market is acting .Visit different exchange help you to understand the secured exchange .I think after that you will have good idea upon market and exchanges

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How much money do I need to get started?

I think as a new trader you need to learn first as i said before .After get a good lesson you will start trading with a small amount and gradually increase your investment .Hopefully you will be a good crypto trader.

DigiLitApp

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barbara44

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Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

This topic has come up several times on this forum and if you are familiar with the forum, you would have seen lots of constructive comments as regards this issue, you can still go back and check for those answers for further assistance, but for this post, I think there is no limit to which amount you can use to trade, you can trade with any amount that you are sure fees will not take away, provided you are able to pay fees and still have to trade with.

The amount you can trade with depend on your pocket also, the more you trade with, the more money you make, and vice versa, so everything still depends on you, but for me, I think you should start with about $100, but before you go into trading, make sure you have the right strategy in place. I just learnt of someone that claim he used $375 to trade and made $200k in two months, I don’t know how true this is, but if it was true, only the right strategy would have helped him out.

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Quote from: kelvin1408 on July 24, 2019, 03:55:39 AM

before you want to try trading you should know 2 trading type 1 margin trading and non margin trading.
1. margin trade is you can making profit without waiting price increase ( you can profit by short potition ) and also the margin trade has what is called leverage you can boost your profit by this feature but the risk is also increase
2. non margin trade ( i suggest you to use this ) . you just can make profit if the price increase and you can easy handle your fund

Risk & Reward
Risk reward is an important thing in trading , RR will help you to take a choice when you want to Close your position you can read it here https://www.investopedia.com/terms/r/riskrewardratio.asp

manny thing you should know i can't write it here because it's too much

but i reccomended you to learn here

Technikal analysis
Fundamental Analysis
Fund management
Risk Reward
Indicator
Supply And Demand / Support and ressitance
Reversal
Price Action

Which indicator do you find effective to use in a certain coin? I'm trying to find at least a cheaper altcoin an I find EOS to be making a good move but I'm not sure if BTC/USD is worth leaving when most of the trade happens in this pair. But I'd be happy to gather at least 200-500 EOS before it goes up that I can't afford buy anymore of it.

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Winding down.

Quote from: emberbekas on July 24, 2019, 01:38:06 AM

Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

You can start with as little money as possible as a learning path. I advise you to try it with bitcoin first. And once you get used to all the items needed to become a trader, you can gradually increase your capital. Don't forget to always read the news related cryptocurrency as much as possible, so that your trading journey could runs smoothly.

Crypto trading is risky so we should know how to handle the risks.But we can eventually minimize the risks if we are prepared enough before entering into real trading.Deep research and continuous study and understanding on the basics of trading can be a big help in making trading ends into a successful and profitable one.

kennen1113

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Quote from: emberbekas on July 24, 2019, 01:38:06 AM

Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

You can start with as little money as possible as a learning path. I advise you to try it with bitcoin first. And once you get used to all the items needed to become a trader, you can gradually increase your capital. Don't forget to always read the news related cryptocurrency as much as possible, so that your trading journey could runs smoothly.

Using the smallest capital and creating the greatest effect, it is always something that experts encourage new traders before entering the market but before starting a journey with such difficulties, new traders need an appropriate knowledge base, should not start with predictions based on emotions and have random victories. Many people will feel this advice is redundant but many traders have followed this path, they don't understand the knowledge they need to know clearly from beginning to end, instead of knowing only half

kelvin1408

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before you want to try trading you should know 2 trading type 1 margin trading and non margin trading.
1. margin trade is you can making profit without waiting price increase ( you can profit by short potition ) and also the margin trade has what is called leverage you can boost your profit by this feature but the risk is also increase
2. non margin trade ( i suggest you to use this ) . you just can make profit if the price increase and you can easy handle your fund

Risk & Reward
Risk reward is an important thing in trading , RR will help you to take a choice when you want to Close your position you can read it here https://www.investopedia.com/terms/r/riskrewardratio.asp

manny thing you should know i can't write it here because it's too much

but i reccomended you to learn here

Technikal analysis
Fundamental Analysis
Fund management
Risk Reward
Indicator
Supply And Demand / Support and ressitance
Reversal
Price Action

emberbekas

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Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

You can start with as little money as possible as a learning path. I advise you to try it with bitcoin first. And once you get used to all the items needed to become a trader, you can gradually increase your capital. Don't forget to always read the news related cryptocurrency as much as possible, so that your trading journey could runs smoothly.

romero121

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Where to start trading

Trading doesn't need any starting point, there are traders who have started there journey from the earned bounty
Almost every exchange has got there minimum deposit value, and having that will get you the access to trade
Learning the basics of trading is possible through our forum. Make use of it, and sign up into any of the exchanges
Slowly experiment what you've learned with small funds that you keep aside out after all your needs, because you
don't know the reality about possibilities of getting profited as you're entirely new to it
keep yourself updated with the market move and learn how to study the growth chart.

Sadlife

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Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

It's not actually about how much money you need to get started, it's about what things you need to learn to get started and what practices you have to adopt in order to lessen the risk in every trade. Before you put your money in a particular platform and start an actual trading try to make further research regarding candlesticks and its formations. It's okay to start late than to be broke really quick.

Cryo06

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Whatever you do, be careful with fees, especially if you do a lot of quick trades. These can really eat up your profits fast.

sana54210

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Quote from: Malamok101 on July 20, 2019, 03:39:13 AM

Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

If you are a newbie and willing to learn about trading you can use fund of 100$ and not bigger than that cost. Because you are also starting up so its better to careful also the buying altcoins that not compatible on you.

I don’t think going live on trading as a newbie would be the first option, no matter how little he trades wit, he will lose it within a second, the first thing for a newbie as we know would actually be to go for the training first, there is no way he will go through trading even if it is the one he will personally learn on YouTube or Google that he will not have seen one or two tutorial that will advise how much a newbie should trade with, which I am sure that his question would not have arose,.

So, he still need to do a thorough training first, and I am sure that by the time he is done with the training either via YouTube or a physical paid training, he would get the answer to his question immediately. It is from his training that he would begin to discover what his trading capacity is.

South Park

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Quote from: Marnihughes82 on July 22, 2019, 10:14:17 AM

You can really start with a very small amount of money. The money you feel you lose doesn't affect you at all. So your psychology will be comfortable. But in fact, we often invest a lot and psychology will be unstable leading to many wrong decisions

While trading with a small amount of money seems like a good idea because you are not going to feel as bad when you lose I think it is a mistake because all of us are looking to make important profits with our trades, so when you finally begin to use all your capital during your trades you will feel a psychological pressure that was not there and this will cause some mistakes that could cost you money, and if the mistake is big enough it could damage your capital to the point it will be impossible to recover the money lost, so it is better to recognize from the beginning that trading can be a very uncomfortable activity especially when you are losing money.

Marnihughes82

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You can really start with a very small amount of money. The money you feel you lose doesn't affect you at all. So your psychology will be comfortable. But in fact, we often invest a lot and psychology will be unstable leading to many wrong decisions

EdvinZ

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Hello. The amount of money you want to invest in trading should be proportional to your goals. First you need to develop a strategy for yourself and adhere to it clearly. On the Internet there are good articles on the topic of financial literacy in trading, you can read them. On major exchanges, such as Binance, liquid coins are traded, which you can always buy and sell at the best available price.

ivankoh

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Basic knowledge is very important in trading if you want to have the basis to participate in the financial investment market like cryptocurrency. The basic knowledge is not sure to help you succeed but it will help you to orient and will survive long in this market.

babysweetTiger0401

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Quote from: Bikramjit0007 on July 13, 2019, 12:15:20 AM

I am newbie in trading. can you guys please help me ? How much money do I need to get started?

As a novice start with learning mate, then while doing that stage of level you can watch video tutorial explaining
about crypto trading, then you can check coinmarketcap.com to find out the top exchange were you can sign up
or register first before proceeding in the actual trade platform, then once you get inside the site platform, observe the
actual motion of the price in the chart monitor.

Yukyzu

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Quote from: izanagi narukami on July 20, 2019, 06:44:28 AM

If you interest without act = NOTHING
If you interest with act , you can start from watching youtube, following workshop etc

If you know and aware the risk, you can proceed but if you can afford to loss, you're not suitable for trading.
Why ?

Because crypto trading only for who has IRON guts Angry

well, you will know when you start. sometimes, someone prepares a lot of things, but forgets how they will start. there are two types in this case, learning before starting, or starting later learning. if you are interested in something, I advise you to start.

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