I'm interested in trading but don't know where to start. Any tips? - page 6.

maydna

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Quote from: Bikramjit0007 on July 13, 2019, 02:04:05 AM

Quote from: maydna on July 13, 2019, 01:49:20 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?

There is no minimum money you can use to trading, and you can use small money, even for $10. My advice is better you have $50-$100 to start trading. Try to get bitcoin first in many exchanges and then you can start to buy bitcoin pair altcoin or bitcoin pair usdt. You need to learn about trading first before you make a real trade in the exchanges, so you don't have to confuse how to buy and sell any coins. Don't believe the news you read but always analyze by yourself. Don't be afraid if you cannot make a profit for the first time you trade because you will get your profit later and it needs the right time to make a profit.

Thanks alot it will help me. Anything elese do i have to remember ?

I guess you can try it now. By learning and practice on trading, you will familiarize yourself and know when the time to buy and sell. I am sure you will have a good time to get the coin at a low price and sell at a high price. The more you trade, the more experience you will get and trust me, once you can analyze and get some information from the market, you will know the pattern of bitcoin and altcoin moves so you can be able to get the right time to trade. It is hard in the early, but you will get it later Wink

Botnake

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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?

There's a lot of helpful resources that would help you to learn, like this forum, but it's easier to use google and ask questions on what you like to know.
Just be resourceful, youtube videos is also helpful, if you really are interested, you will not get tired of learning and that's a must as trading is a high risk venture especially in the crypto space.

cryptojonathan

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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?

I believe if you don't know where to start so don't start, Trading is not an easy thing that you could be profitable with it without any knowledge, people reading for more than 4 years and they are still not professional trader, so be careful and don't trough away your money, I know an Auto-trade platform that is profitable and open orders automatically in exchanges. The Robot Trading with strategy run on it and you could change and modify your strategies.

NathanJB

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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 you start trading, don't think of the money yet. Think of how to trade. Read some reliable articles or reviews about trading. Choose one trading platform. Perhaps you consider those that have large volumes and many traded coins. Create an account and study the different movements of the prices, buttons and what they mean, and so on. Only after exploring that you then deposit a little amount. You may start with .1 or even .09 BTC or 1 ETH.

Reid

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Any amount is okay as long as you know your risk. It could go to zero anytime in trading.
$100 might be low for some but it is good for starting. Just to test the broadness of how it will be done.

If you are still in doubt then you could go Youtube for some explanation. There, they use small amounts in their recordings just so to pull more newbies into trading.
In my own experience, I just jumped into trading and never had the time to look for research. Just monitored one currency in a few days then started with just a little amount, actually .1BTC.

arpon11

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Quote from: StaffDear on July 13, 2019, 02:05:07 AM

I recommend to start trading from those amount of money, that you are ready to lose. Choose 3 crypto (f.e. Eth, Btc and some other) for trading. Also, start reading a lot to understand how all that works. There are good articles on Medium.

Good luck.

Starting with the amount you can afford to lose is a good started point as many people that are new in trading don't always consider that before start investing. It is a risk and speculative market and that means if you don't actually know how to analyze it using technical and fundamental indicators you may lose all your capital if you put in. Your knowledge of how the market work is far better than the amount of capital you have to invest. Bitcoin on it own has given good return in millions of dollars to those that have a deeper knowledge on how it works and we also have many stories of those that have lost heavily through investing in Bitcoin.

tiedcoin

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Start by getting an insight into the basic of blockchain technology and cryptocurrencies. You can read some blogs, latest news, or join telegram groups to know what’s happening in the crypto market daily.
Further, being a newbie, make sure you do not make the same mistake as others.
Never trade without logic or the right strategy. Reading about various crypto trends won’t get you anywhere. You will need in-depth research before you start to gain profits.
Also, you shouldn’t get carried away by a coin’s publicity. Another major mistake newbies make is investing all they have. Make sure you invest a little percent of your earnings.

You can read these blogs:
https://www.altcoinsidekick.com/blog/ninth-ground?SQF_PAGE=ninth-ground

You can follow this telegram group:
https://t.me/altcoinsidekick

tippytoes

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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.

Quote from: Eildosa on July 13, 2019, 05:44:46 PM

It is best to start with the amount that you do not mind losing. And in the beginning be prepared for the fact that you are likely to fail. But you will get invaluable experience. So try to practice as often as possible.

Yes, after reading the trading basics, try with small amount of money that you can afford to lose. Familiarization of the altcoin that you want to trade is also a must. You might be buying a dead project for all you know. Try visiting their thread here in the forum or check their website. See what's going on with their developments. It is better to know the altcoin that you are dealing with. By the way, just browsing and reading the trading section here will give you more than enough knowledge to start your crypto trading life.

Oceat

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Everyone is a newbie before and i was starting before i do have a friend who will teach me how to do this and that but most importantly if you really want to learn you should have to look and read more. Reading is the only way to understand anything and most importantly apply it after you have read it, but of course, always take a precaution that it might fail but at least you try.

Eildosa

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It is best to start with the amount that you do not mind losing. And in the beginning be prepared for the fact that you are likely to fail. But you will get invaluable experience. So try to practice as often as possible.

BayAngelo

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you need to get a demo account first. start trading with a demo account on an exchange. i believed that most exchanges do have a demo account where you are credited with fake dollars. get your self trading books to practise from and make sure you practice all the time.

Bikramjit0007

newbie

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Quote from: pawanjain on July 13, 2019, 02:05:33 AM

Find some potential coins and make sure they are limited. Otherwise you will end up investing all your coins in a diverse pool of coins. Diversification is good though but should be limited. The coins you invest in should be potential as there are thousands of shitcoins lying around and investing in them will just turn out to be total loss for you. Start investing with small amount and gradually increase the amount when you get enough profits.

Also, there are already many threads here which will tell you what to do as a beginner in trading.

Thank you sir

pawanjain

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Nothing lasts forever

Find some potential coins and make sure they are limited. Otherwise you will end up investing all your coins in a diverse pool of coins. Diversification is good though but should be limited. The coins you invest in should be potential as there are thousands of shitcoins lying around and investing in them will just turn out to be total loss for you. Start investing with small amount and gradually increase the amount when you get enough profits.

Also, there are already many threads here which will tell you what to do as a beginner in trading.

StaffDear

newbie

Activity: 36

Merit: 0

I recommend to start trading from those amount of money, that you are ready to lose. Choose 3 crypto (f.e. Eth, Btc and some other) for trading. Also start reading a lot to understand how all that works. There are good articles on Medium.

Good luck.

Bikramjit0007

newbie

Activity: 72

Merit: 0

Quote from: maydna on July 13, 2019, 01:49:20 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?

There is no minimum money you can use to trading, and you can use small money, even for $10. My advice is better you have $50-$100 to start trading. Try to get bitcoin first in many exchanges and then you can start to buy bitcoin pair altcoin or bitcoin pair usdt. You need to learn about trading first before you make a real trade in the exchanges, so you don't have to confuse how to buy and sell any coins. Don't believe the news you read but always analyze by yourself. Don't be afraid if you cannot make a profit for the first time you trade because you will get your profit later and it needs the right time to make a profit.

Thanks alot it will help me. Anything elese do i have to remember ?

Bikramjit0007

newbie

Activity: 72

Merit: 0

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.

Thank You sir

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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?

There is no minimum money you can use to trading, and you can use small money, even for $10. My advice is better you have $50-$100 to start trading. Try to get bitcoin first in many exchanges and then you can start to buy bitcoin pair altcoin or bitcoin pair usdt. You need to learn about trading first before you make a real trade in the exchanges, so you don't have to confuse how to buy and sell any coins. Don't believe the news you read but always analyze by yourself. Don't be afraid if you cannot make a profit for the first time you trade because you will get your profit later and it needs the right time to make a profit.

davis196

hero member

Activity: 3150

Merit: 937

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.

Bikramjit0007

newbie

Activity: 72

Merit: 0

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

Topic: I'm interested in trading but don't know where to start. Any tips? - page 6. (Read 1395 times)