Topic: Learning to trade crypto-currencies (Read 1521 times)

hey there! did anyone try this trading simulator yet? kinda has to help learn trading etc.
https://simdaq.com/

https://bitcointalksearch.org/topic/annico-simdaq-platform-for-crypto-trading-2413752

I usually only learn about trading in  website, I read every interesting website that I found. But the best way is to meet the real expert trader and ask him/her to teach you. Its the most effective way.

This is one of the uniqueness of cryptocurrency, cryptocurrency is different from the common currency in the world. The price of cryptocurrency is always up and down at any time, and it can be used for trading. There are many crypto options that we can use for trading, one of the easiest to use for trading is Bitcoin. But for now a lot of crypto that can be used besides Bitcoin. We only need the uniqueness of this crypto is the increase and decrease in the price. That way we can profit. The key is, we must pay attention and always keep an eye on price developments.

I read before that investopedia is a site that discuss about bitcoins and its issues and I looked into it. Indeed investopedia is a legit site that will help you a lot in finding some ways to earn digital currencies. And asking here on forum about trading discussion will give you lots of advices from different people’s perceptions. Anyways, dealing with trading process is considered as a game due to its capabilities of winning and losing.

Hello, it's too bad this thread does not have more posts.  I would think a lot of people on here would want better traders on the exchanges.  I have been trading for close to a year now and this is what I have to say:

First of all, when you put your money on an exchange you are investing in the exchange.  If your money is not on order it is not adding value to the exchange.  An exchange with no orders on the books is useless.  I try to keep half of my money on orders. 

Second, trade lots of coins.  Have some favorites and avoid the ones you dont like, but trade lots of coins and make lots of orders.  Know what the minimum order is in whatever your trading, and set some limits for yourself.  Fatfinger mistakes happen, and its way better to fat finger away a few bucks than thousands at a go.

watch out for manipulation.  Really big price moves can happen real fast with low volume coins.  If your orders are already on the books you can make a lot of profit / fill your bag on the cheap when this happens.  If you are trying to trade in real time you can easily be led into making a bad decision.  If you are going over to coin marketcap or coingeko to double check the price make sure you also look at what other exchanges your coin trades on and what the volumes are there.

There are good and bad trolls in the trollbox.  Read it.  Figure out who is who.  Trade Ideas, humor, and a sense of community in you're selected exchange. If you trade like I do you pretty much live there.  Might as well be known.  Also please be careful with new people.  Learning is a bitch and chances are some of your profits consist of noob mistakes.

Ugh I guess I have a lot to say about this.  I will check back later.  Happy trading.

Well for me its the best to learn basic first how trading works and how can you buy or sell set something like that.. until you learn advance.. if you do not do basic first you will not learn how to trade in advance that you can earn much more if you have your own strategy to earn a profit..

I think you must learn analysis tecnical for first time, you must have management of risk, rules of entry and exit market, system trading will help you get profit as consistent what ever with condition of price.

This site is really helpful one cause theres a lot of ideas from different person that may help you to learn how to invest properly

learn about: fibonacci levels
it will give you the first clue on when to by or sell.
it doesnt always work, but its a good start.

Looking for a trader to start a collab for tradebot development.

I started out with them too. Learned the basics. But if you really want to learn trading, you should focus your attention on Technical Analysis. There are plenty of YouTube video's with information on that. If you are serious about it, pay a guru to learn you tricks.

i think there are a lot of websites present from where one can easily learn about crypto currencies. there are also alot of expert present on this site who can teach you about crypto currencies.

I have learned a little bit about it. I learned the most from sitting watching the charts wherever you are planning on trading. A few things to know. It's easiest to make or lose many when there is a clear market trend. Have rules that you stick to, don't be afraid to take a small loss to avoid a big one. We can take a bunch of small losses, but then have a nice position in the right direction and you can make up for all those small losses within minutes. I like to trade when there is clear market direction, it's easiest then. You need to be quick. Learn how whales, or manipulators move, and learn how the masses move around them. Fortunately I am self employed so I kept it on my 2nd monitor for a few weeks just watching and kind of noting "hey I could have made a lot there based on what I had predicted in the graph" , " or wow I would have made a bad call and lost or had to pull out there."  Volume is a big part of trading, people often try to make incorrect red or green signals to through off people, be aware of this and follow volume and be ready. Good luck and be careful of people trying to get you to click or download things to learn trading.

There is a thread here called gooboo's journal . Lots of info there.

This is a better instruction because most of the traders are having a good time to troll the newly traders so that was an easy money for them , maki g a research or following one trending coin is a good way to see how it works .

But to check first any altcoin road map is much better .make some research about it and also check the developer of a coin if it is active .

Lol, you'd have better luck just going to the casino and playing the slot machines.  Or poker.  Altcoin trading is uber-risky, and you'd probably do better just buying bitcoin and holding it.  What we're seeing now in the price may well just be a dip, and it might be a good opportunity to buy--and I usually don't say "buy on the dip". 

But good luck.  I've never heard of anything that's published about altcoins.  99.99% of the population is completely unaware they even exist.

investopedia is legit! trading everything has the same mechanincs;
develop your trading skills, research & find a Few alts with big market caps (http://coinmarketcap.com), follow their trends for a while (said select a few coins so you can actually spend the time to follow them), dip your toes/test the water & start from there.

it's really not that complicated if you develop method & follow along.

Start with this friend:
http://www.investopedia.com/university/forexmarket/forex1.asp

Some pointers :

1. Buy low sell high
2. Dont listen to the Trollbox
3. Check Volume

Just like gambling you can lose everything but your money lasts longer

Get your ass on r/bitcoinmarkets. All they're focused on is trading and I'm sure there'll be some people who'll answer some questions, you can also learn alot by reading it. This site isn't any good for that compared to there.