I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
You may at least have experience in trading industry. It will avoid you from lose of your money. Always make a plan before trading like the price you want and the tokens you want to earn. Trading was risky but can give you a huge profit. However, trading is like a gambling that you need to take a risk and know the advantages and disadvantages of it. 
Topic: Need guidence in Trading crypocurrencies (Read 322 times)
start reading at babypips or investopedia i learn here at bitcointalk.Before you do anything do some research.
Simple guild line would be:
1. Check Whitepaper
2. Check Roadmap
3. Check Team and Support
4. Check if Scam
5. Take advice from a trustworthy trader/investor.
As i said, its a simple list but it should get you started.
1. Check Whitepaper
2. Check Roadmap
3. Check Team and Support
4. Check if Scam
5. Take advice from a trustworthy trader/investor.
As i said, its a simple list but it should get you started.
I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
Its just about doing your due diligence and looking at it through the lens of how institutional investors review traditional startups. Solving a problem? Is it a solution? Niche? Good team? Good advisors? product? sweat equity? own equity? bootstrapping? etc. Doing this will allow you to cut out 95% of the shit. From then on you just need to see what the ICO's (post crowdsale) burn rate will be and if the founders are competent.
Read, watch and lean. You have google, youtube and pdf files to knock yourself out. It may be important to start with just a little fund. Don't get frustrated when you can't make a profitable trade.
For starters: https://www.babypips.com/learn/forex
Rather than visiting some other websites to learn about cryptocurrency trading its good to go through our forum. This will help with the basic necessity and good knowledge about trading. Additional to that, it provides real life experience of people which gives clear understanding about trading. For starters: https://www.babypips.com/learn/forex
Read, watch and lean. You have google, youtube and pdf files to knock yourself out. It may be important to start with just a little fund. Don't get frustrated when you can't make a profitable trade.
For starters: https://www.babypips.com/learn/forex
For starters: https://www.babypips.com/learn/forex
Before you learn the part of making money from concurrency, I strongly suggest you to first learn how not to loose
This is a list which I recommend everyone to go through during there initial days:
Always remember the rule: BUY IN RED SELL IN GREEN
NEVER FOMO
NEVER PANIC SELL
STAY AWAY FROM Pumps N Dumps
Trade after DYOR.
Its your money and you have to trust no one but yourself about where and why you are investing.
All the best and cheers!
This is a list which I recommend everyone to go through during there initial days:
Always remember the rule: BUY IN RED SELL IN GREEN
NEVER FOMO
NEVER PANIC SELL
STAY AWAY FROM Pumps N Dumps
Trade after DYOR.
Its your money and you have to trust no one but yourself about where and why you are investing.
All the best and cheers!
I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
Here my suggestion for you to take small amount of the bitcoin about 0.01btc and then start trade with your own mind .Don't see that what the other articles and other people giving suggestion ( I am not talking about the experienced people's suggestion ) .
Make buy of the coin which is at low price and then sell that coin after the increase in the price , do the same thing with more than 10+ coins ( means to say that buy multiple coins at same time and don't invest all of your money in the single coin) .
In this way you will get either better profit or better amount of loss , both of these will teach you that what you had done with your money and what was the good thing that you did and also what was the bad thing that you did and will never repeat that mistake again .
thanks for the suggestion bro
I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
Here my suggestion for you to take small amount of the bitcoin about 0.01btc and then start trade with your own mind .Don't see that what the other articles and other people giving suggestion ( I am not talking about the experienced people's suggestion ) .
Make buy of the coin which is at low price and then sell that coin after the increase in the price , do the same thing with more than 10+ coins ( means to say that buy multiple coins at same time and don't invest all of your money in the single coin) .
In this way you will get either better profit or better amount of loss , both of these will teach you that what you had done with your money and what was the good thing that you did and also what was the bad thing that you did and will never repeat that mistake again .
I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
How to invest in altcoin = You can try to invest in the altcoin through buy them all in the exchange site that already traded that coins. It may better for use the reliable exchange site that you can find out in here. https://coinmarketcap.com/exchanges/volume/24-hour/When to invest in the altcoin = The better time you have chosen to invest in the altcoin and the more profit will you get from there. The best time should be the red. that's about the red chart of all altcoins.
If you are seeing from the coinmarketcap about the big red candle was appearing and it seems to be a best time for you
Investing in altcoins is very easy but after investing you have to wait for some specific time because some time altcoins price is unpredictable. Before investing you need to learn many things about the company and their growth till now.
I'd highly recommend reading this: https://www.reddit.com/r/CryptoMarkets/comments/6tgt1v/how_i_fucked_up_and_turned_600_btc_into_200_btc/
If you're still committed to trading then I'd recommend doing it virtually for at least four-weeks to see how you did. In my experience, people tend to overwork trading and lose out... meaning they're too active. People say they should buy low and sell high, like it's simple, but if it were that simple we'd all be billionaires now.
If you're still committed to trading then I'd recommend doing it virtually for at least four-weeks to see how you did. In my experience, people tend to overwork trading and lose out... meaning they're too active. People say they should buy low and sell high, like it's simple, but if it were that simple we'd all be billionaires now.
I am new to trading ..
If you are new to trading, you start very gently, you don't go all in and you only trade what you can afford to loose.
Read as much as you can about trading, have a look at the different tools traders use, build a solid experience.
There are 1260 cryptocurrencies around nowadays but most of them are crap. You gotta watch your step on the market and find out which coins have a solid roadmap ahead and/or actually add value to the cryptosphere. It is probably a good idea to put a significant portion of your investment into Bitcoin as it makes you less prone to the severe fluctuations of the altcoin market.
This is truth right here. With the growth in the crypto world it can be hard to find a quality ICO to invest in. Some go up and a lot of them dump.
Find a quality ICO with a good White Paper, Solid Plans for the future and look for something unique about them that separates them from the rest of the ICOs.
For instance:
- Collectorcoin is the Worlds 1st token to target the $1Billion comics and collectibles industry
- Also the Worlds 1st to have industry professional retailers ready to accept the coin prior to ICO
- Developing a Mobile Gaming App for Viral Marketing ICO
- Making it as easy to send and receiving as PayPal
I would also recommend learning some basic fundamentals of trading from people who teach stock trading. Basics such as: position sizing, portfolio management, risk management etc. Those skills are transferable and will stand you in good stead for when you make inevitable mistakes - I think if you are serious about trading you have to learn how to stop one bad coin buy/mistake from destroying all your trading funds.
For Trading Cryptocurrency, firstly you should choose what coin you like.
just do a research for that coin, like team behind it, the future plan, the project purpose and others.
and also always check the volume on transaction every 24 hours. it's good when it has a big volume.
so if you already found it, you must build a psychology on your mind that you don't care with the price of that coin going down.
if you already have that mindset, learn about the technical trading like read a candle , using a indicator and etc. learn it from now.
and you will be an EXPERT.
just do a research for that coin, like team behind it, the future plan, the project purpose and others.
and also always check the volume on transaction every 24 hours. it's good when it has a big volume.
so if you already found it, you must build a psychology on your mind that you don't care with the price of that coin going down.
if you already have that mindset, learn about the technical trading like read a candle , using a indicator and etc. learn it from now.
and you will be an EXPERT.
I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
what you can do is you need to buy the altcoin right now if you want to waiting altcoin is back to increase but first you need to learn about trading. there is many guide available in many websites especially in youtube, just search with keyword "learning trading" or something like that and I am sure that you can found many lesson for trading. after you understand then you need to try what you learn, its fine if you can not make your first profit and you can try it in another days and don't be greedy when you think you can make your profit.
this time would be very good if you buy altcoin, because altcoin price decreases with increasing btc. If you are investing in altcoin now you can get more profit in the short term.
I am new to trading can you guys explain or guide me how to and when to invest in alt coins or btc to make good profit and experience ?
You should read their white paper and road before buy altcoins. You need to read there latest development and If the coin dump you can invest in altcoins. But investment in bitcoins is good.If you can hold bitcoin for long term then you can make a good profit.Meh, I wouldn't go ahead and read whitepapers. Anything in them is just going to be bloated, full of shit, and unhelpful to investors as all of the information which is in the whitesheet isn't going to be information which matters to anyone anyway -- as nothing ever comes out of these.
If you're going to choose to invest in Altcoins, I'd go ahead and look other data such as the amount of people which are searching for this coin on google, the activity of developers, activity of people on their forums, slack, telegram, etc.
Also the trading data, volume, etc. That's the only data that's going to matter when getting involved in the world of trading.
Just remember, trading altcoins is like trading penny stocks -- goodluck!
There are lots of altcoin out there that actually not giving you profit instead just made them to scam someone or made for pump and dump not good if you are a long term investor..
I recommend to choose altcoin only in a good rankings in coinmarketcap.com Check that site you can see almost all altcoin but i only choose altcoin which is already in top 20 altcoin and few coins from $500k market cap. those altcoin for me is getting me good profit even i only had small amount to invested in trading i just slowly learning and experience how to trade...
If you wanted to learn trading for free try your skill in free apps like sparkprofit its a margin trade and learn how to speculate the price of oil bitcoin gold and others you can margin trade there and learn how to speculate its a free apps..
I recommend to choose altcoin only in a good rankings in coinmarketcap.com Check that site you can see almost all altcoin but i only choose altcoin which is already in top 20 altcoin and few coins from $500k market cap. those altcoin for me is getting me good profit even i only had small amount to invested in trading i just slowly learning and experience how to trade...
If you wanted to learn trading for free try your skill in free apps like sparkprofit its a margin trade and learn how to speculate the price of oil bitcoin gold and others you can margin trade there and learn how to speculate its a free apps..
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