I'm interested in trading but don't know where to start. Any tips? - page 4.

suzanne5223

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Quote from: FanEagle on July 20, 2019, 03:18:25 AM

Quote from: zaxifu on July 18, 2019, 03:40:59 AM

You can start with Altcoin you should study a project before investing. the one project I believe is Moozicore I have also started with altcoins and I know price not matter but there single token price is 0.0185$.

The new ecosystem is IEO it is the game-changing method and it is the most trusted way for the investor. Moozicore is the most reliable project https://tokensale.moozicore.com/ this is a genuine IEO to create trust I am really satisfied with them.

For him not to have any tip on where to start, it shows he is a novice completely in trading, and if he does not get the knowledge first, advising him to go for this investment might just be a waste of time. Going for a very sound knowledge first is what can give him the liberty to a very great trade and to be able to trade successfully in a market that is very volatile.

No matter how a trader thinks he is good, the volatility is somehow a very great challenge to them,, and only a trader with the right skill and the right strategy will be able to trade without much losses. At least before he is through with the knowledge, he would have checked the project you suggested out and be sure if it is tradeable or not, because some coins are just good to hold for long term and cannot be traded.

Firstly, the basic tips the OP need to understand about crypto trading is how to select a profitable coin, time of entering and exiting the market. However, crypto trading is different to before cause there are a lot of automated trading bot which yields crypto traders an awesome profit which is why I recommend the OP to understand the practical aspect of the 3 tips I mentioned.
With that been said, I oppose user zaxifu advice when told the OP to start with coins that are highly manipulated (altcoin) since the current moment is the right to start bitcoin trading for the newbie.

Spaffin

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Quote from: jhonjhon on July 20, 2019, 06:50:53 AM

Quote from: davis196 on July 13, 2019, 12:59:28 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 start by searching in Google for some articles on that topic.Learn the basic terms,like what is margin trading,trading signals,candlestick charts,stop-loss orders ,take profit orders,etc.Learn how to read the charts and learn more about technical and fundamental analysis.Try to practice some demo trading before depositing any coins into a crypto exchange platform.

I agree, it is very important that you know the terms and also know how trading works because if you trade right away without studying how it is done and you don't know how to study the charts then you might just lose, you better read articles first and practice on demo accounts.

I understand that for a beginner you need to know a lot of information, which is to know not only the basics of trading, but also the basic fundamentals of a cryptocurrency market. To begin with, you will need small amounts to practice, so that if you lose them, you would not feel sorry for these funds.

davinchi

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I think how much money you want to start with depends on how much money you have to spare. I mean if you are a rich person then starting with 10 thousand dollar shouldn't be a problem, if you are not and you want to start with as little as possible then you can as low as zero and put your effort in as your capital and earn money (there are bounties that you can work for and earn some tokens) so there is really no limit on what to start from zero to billions since that is what crypto is basically, it is the same for everyone at every wealth level, doesn't matter if you are rich or poor, as long as you are willing then you can earn money. There are plenty of people who didn't spend a single cent to start and now have a lot of bitcoins.

I for example never bought bitcoin or any other coin in my entire life yet I earned a lot of it (spent almost all of it as well).

jhonjhon

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Quote from: davis196 on July 13, 2019, 12:59:28 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 start by searching in Google for some articles on that topic.Learn the basic terms,like what is margin trading,trading signals,candlestick charts,stop-loss orders ,take profit orders,etc.Learn how to read the charts and learn more about technical and fundamental analysis.Try to practice some demo trading before depositing any coins into a crypto exchange platform.

I agree, it is very important that you know the terms and also know how trading works because if you trade right away without studying how it is done and you don't know how to study the charts then you might just lose, you better read articles first and practice on demo accounts.

izanagi narukami

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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

creeps

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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?

for beginners I might suggest $ 100 for the beginning of you as a trader. but the thing you need to know is, you have to choose coins that can potentially be the bitcoin you choose as the best trader coin,

It will be hard for a newbie to know if the coin will move like bitcoin, most probably its just a hype. Anyway newbie should continue to learn, $100 is a good capital but without knowledge its hard to maintain it. Time to read books, go for youtube tutorials and ask someone who cam really help you. Trading wont make things easy for you, it will be a hard time to learn and earn at the same time.

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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?

for beginners I might suggest $ 100 for the beginning of you as a trader. but the thing you need to know is, you have to choose coins that can potentially be the bitcoin you choose as the best trader coin,

100$ is the right amount to start the trading but before investing in trading, a new trader should first learn the trading. You can learn it from any of your experienced friend (if you have any friend who is already doing trading). If not, you can search the internet and YouTube and get well conversed with trading methods and techniques. If you start the trading without getting knowledge of it, chances are that you will lose all the amount.

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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?

First of all you must be aware of the risks of trading, then document, document to the fullest, and arm yourself with patience, it takes years for a trader to live with his actions.
I advise you to read this article first: https://www.thebalance.com/hidden-dangers-that-new-day-traders-face-4056601

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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?

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.

FanEagle

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Quote from: zaxifu on July 18, 2019, 03:40:59 AM

You can start with Altcoin you should study a project before investing. the one project I believe is Moozicore I have also started with altcoins and I know price not matter but there single token price is 0.0185$.

The new ecosystem is IEO it is the game-changing method and it is the most trusted way for the investor. Moozicore is the most reliable project https://tokensale.moozicore.com/ this is a genuine IEO to create trust I am really satisfied with them.

For him not to have any tip on where to start, it shows he is a novice completely in trading, and if he does not get the knowledge first, advising him to go for this investment might just be a waste of time. Going for a very sound knowledge first is what can give him the liberty to a very great trade and to be able to trade successfully in a market that is very volatile.

No matter how a trader thinks he is good, the volatility is somehow a very great challenge to them,, and only a trader with the right skill and the right strategy will be able to trade without much losses. At least before he is through with the knowledge, he would have checked the project you suggested out and be sure if it is tradeable or not, because some coins are just good to hold for long term and cannot be traded.

adzino

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Before you start trading and lose your money, I would suggest you to know and learn about the risks associated with it. Try to understand how the crypto market works. Once you fill your brain with all these knowledge, you will have to start experimenting on it in order to gain experience. Having all those knowledge but no experience means you won't be making anything. I would recommend you to start trading with small capital and once you get familiar with it, start going big.

Oilacris

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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?

When it comes to basic then try to finish Babypips.com courses then try to enhance trading skills or using up

technical aspects with https://www.tradingview.com/chart/.This is my first steps when I'm still starting to trade.

danherbias07

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IMHO, I didnt care about how much the price would be in USD. Just straight bitcoin trading. Buying another coin using bitcoin without converting anything.

It worked for me. After accumulating profits out of that capital then that is where I started converting.
For starters, it would be really better to gain experience. Small capital would be the idea just to test at how far your trading skills could be.
Also, this is for you to have an idea on what is going in there.
Afterwards, you could watch videos or read some of the strategies here in this forum.

Woshib

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Quote from: BuxCoin on July 19, 2019, 06:40:56 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?

its not about money , you should ask how much knowledge i need to start , dont put money while learning do paper trading

I think you need to start with money, of course you have to learn beforehand and know the minimum, but then you need practice, because you learn from your mistakes. I would advice him to start with 50$, then if it's ok, he can put more.

Thanasis

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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?

Money is not much important to get started,you can even go with 100 dollars or even less as beginning but you cannot just rely on your luck for making profits,you need to know the market condition and also need to know how to evaluate the market movements.

BuxCoin

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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?

its not about money , you should ask how much knowledge i need to start , dont put money while learning do paper trading

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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 should take the help from youtube about the issue that will be a very good and easy way for learning the basic of trade with your local language. But just touch you that you need to know some basic things to start trading. That is you must need some money in crypto or usd, secondly, you need to register in an exchange and log in. And need a piece of knowledge about buying and selling.
And how much money need ?? You can start with 10-20$. best of luck buddy go ahead.

omonuyak

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We have many speculators and trading experts online that you can follow and some of them have really help many traders in understand the state of the market. One of the guy I follow on Twitter that give good analysis on the positions of things in the market especially bitcoin is this guy https://mobile.twitter.com/krugermacro.

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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?

Try to search for Relative Strength Index(RSI), Moving Average Convergence Divergence(MACD), and Exponential Moving Average(EMA) or any type of moving averages on google or you can directly watch a video tutorial on youtbe, actually these indicators are often suggested to me by people who I was asking before regarding to which indicators are good and easy to use for a newbie and thankfully i have made some profit using this. Try it by doing paper trading first and start with a capital when you can already make a trade confidently. Also, try to explore more aside from the indicators that i've mentioned, support and resistance and candlestick/price action could help also you most of the time.

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Quote from: wumBowo on July 18, 2019, 10:51:21 PM

start with any funds you are ready to lose with but with minimal 0.01 BTC since the fee for every trade is not that small. Trading is really cruel especially in crypto and you're still newbie

If newbies in trading would accept that they would likely make more mistakes in the beginning, they would know how to manage themselves and they will not put a decent amount of money.

Improving should be the goal here because if a trader improves he might be more consistent on his prediction and might be profitable in the long run, things should not be rush, always learn in this journey because if that's the mentality, success is not impossible.

Topic: I'm interested in trading but don't know where to start. Any tips? - page 4. (Read 1395 times)