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Topic: Newbie in crypto trading - page 8. (Read 1287 times)

legendary
Activity: 2576
Merit: 1043
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February 28, 2019, 07:18:04 AM
#56
I think what you need to do first is just get some information that is related to trading and don't trade when you don't have enough knowledge to use. You must know the supports and resistances, different indicators used in trading etc. I'm not expert in trading but when I first invested in trading, I lost all of them because I don't know the indicators that are often used in trading. I tried to learn indicators and now, I'm gaining profit even though its a small amount only at least I'm gaining.
member
Activity: 459
Merit: 10
February 28, 2019, 05:39:32 AM
#55
Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.
If you really appreciate ELLA and PIRL, don't hesitate to invest in it. Even if you fail, this is your first lesson in the crypto market.
I will not recommend you because I want you to create your own investment plans and strategies. Successful investment will greatly depend on your differences. Trust in yourself when investing. That is the most important thing.
full member
Activity: 788
Merit: 100
February 28, 2019, 05:10:39 AM
#54
You have a money but cant decide whats currency you are gonna to invest, better try to learn first about investing and trading know all the risk after that you can try research by your self whats project you are gonna to invest.
legendary
Activity: 2590
Merit: 1882
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February 27, 2019, 09:25:27 PM
#53
If you have investor thinking, I recommend that you buy Bitcoin and wait until Bitcoin goes up, it can be a long time. If you want to be a market speculator, I recommend that you study a lot so that you understand how the market moves. Being an investor, you should only review the price, the idea is that you have the availability to wait, and if you want to win as the market advances, it is what I call a speculator, the difference lies in this way, the speculator he is always analyzing movements to see how he can predict or react and thus win.
legendary
Activity: 2030
Merit: 1028
February 27, 2019, 08:07:28 PM
#52
Personally I prefer focus on 1 or 2 well known crypto like btc or ETH
For me, you're wasting your time to analyze other token that still not have great prospect.
Except you're really believe on it just like I did on bitcoin and ETH as well
full member
Activity: 2086
Merit: 193
February 27, 2019, 06:22:05 PM
#51
Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.
Small capital while you’re on the process of studying how to trade is a good idea because it can allow you to lose small money only. If you don’t make any effort on learning how yo trade then you cannot succeed on that. Trading is not about making money, its also about spending more time with the chart.
Spend more time on studying than to focus much on the possible profit. No matter what you capital is if you are not knowledgeable enough about trading you will still lose it. Start small but always dream big, start woking now and have a brighter future with your trading decisions.
sr. member
Activity: 2044
Merit: 314
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February 27, 2019, 06:12:26 PM
#50
Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.
Small capital while you’re on the process of studying how to trade is a good idea because it can allow you to lose small money only. If you don’t make any effort on learning how yo trade then you cannot succeed on that. Trading is not about making money, its also about spending more time with the chart.
full member
Activity: 770
Merit: 126
February 27, 2019, 06:00:34 PM
#49
Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.
Well, it is unfortunate that after you put up your quest for people's opinions on how you should trade crypto currency you have not returned read the reply from people you are seeking their opinion which seems to me that you are not yet ready to learn crypto currency trading.
member
Activity: 574
Merit: 14
February 27, 2019, 04:40:51 PM
#48
For a start, you need to recognize that it is a competitive market and as such choosing same tokens with everyone else is certainly not the best idea. Secondly,do not take these as financial advise,you best bet is to devote some time to do some research. I say these cause I have asked for similar opinion in the past and it cost me some losses. Not financial advice,ETC is fairly a stable coin that you can hodl.
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
February 27, 2019, 05:51:29 PM
#48
Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.
Cent accounts are more affordable than wasting money and time on real platforms. Newbie traders always tend to make mistakes but all these mistakes teach a very valuable lesson. Veteran traders are against to start trading account without proper knowledge and skills.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
February 27, 2019, 05:45:28 PM
#47
Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.
full member
Activity: 1106
Merit: 166
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February 27, 2019, 04:30:14 PM
#46
Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.
trading for a new people will definitely Dil Duffer in the situation because there are lots of Technical difficulties available here to learn how to read properly if you possible then only it will be useful for them to make the trade in joining more people and more profitable.
legendary
Activity: 1554
Merit: 1054
February 27, 2019, 02:17:41 PM
#45
The two cryptocurrency you mentioned last I have never heard of those two before. You’re still new to trading, so I will advise you not to invest your money in new cryptos and the ones in the lowest position, cause they are the ones that usually disappoint the most. Their price might not even increase and you will end up waiting for like forever and instead of going up the price will be going down.
full member
Activity: 714
Merit: 100
February 27, 2019, 03:31:43 PM
#45
I think is better to trade top 10 crypto based on market cap because the fundamental is better than others.  Price action of crypto is unpredictable and sometimes the market crash just a few minutes so we need to use stop loss and trailing stop as risk management.
therefore, for beginners, what is needed is a lot of knowledge about the crypto world, because the risk in crypto is large. so for beginners understand first about the world of crypto trading more clearly

There was more specific question asked actually. So I suppose just 'learn more or it could be risky' is just hilarious answer...

Regarding the matter. Try ETH and ETC as trading using technical analysis (in case no news are coming of course).
Try to use support and resistance concept or some indicators like Ichimoku.
member
Activity: 1204
Merit: 38
February 27, 2019, 02:43:43 PM
#44
Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.
trading in cryptocurrency field will always difficult so choosing the best currency for first experience will helpful you to learn something better than reading about it make the practical work will be the way to get 100% experience in this field so newbie should definitely investor the best currency only for getting the positive result.
member
Activity: 546
Merit: 32
February 27, 2019, 02:04:17 PM
#43
The traders need to be get experience because the experience only will made you to get the profits so if you are a newbie you need to be trained and guide by some experienced people then only you can learn that trips and tricks involved in this field.
sr. member
Activity: 994
Merit: 256
February 27, 2019, 02:00:06 PM
#42
You should be know first how to minimize the risk from wrong trade because in each open potition will be not possible all of that will make profit , but some of that will be failed trade. So you have to understanding how to use stop loss in crypto exchange, this is the most important thing in trading and apart of risk management.
absolutely right and I agree with you because to have a very good and fast success trade must deepen the knowledge of the crypto world because of the big risks. so you also have to be patient and never panic when the market goes down because if you panic it will make you lose money
So this is nice suggestion mate because most of time new traders use to sell for panic as when they see price is falling they get emotional and before trading we are told by expert traders to have patience and never get emotional as in treading emotions only discourages so newbie’s should have patience and choose only promising coin, don’t trust blindly, better to trade for long term only.
member
Activity: 182
Merit: 10
February 27, 2019, 11:40:30 AM
#41
200 $ enough to start crypto trading. But I would say that you are absolutely new, so start with 100 ৳ without starting at Tk 200. Cause crypto may cause damage at trading. Because you're just new. There are some rules for crypto trading that you have to comply with. If you do not comply with rules, crypto trading may be harmful. To start crypto trading, first 4-5 coins will be selected. Remember, crypto trading can never be done with just one currency. And always will not have to worry about profit. Because crypto trading may be a loss. And if the damage cannot be frustrating. Rather, be patient if you have to suffer. If you can successfully make crypto trading, you will definitely get the benefit. Thank you
full member
Activity: 1258
Merit: 104
February 27, 2019, 11:26:22 AM
#40
You should be know first how to minimize the risk from wrong trade because in each open potition will be not possible all of that will make profit , but some of that will be failed trade. So you have to understanding how to use stop loss in crypto exchange, this is the most important thing in trading and apart of risk management.
absolutely right and I agree with you because to have a very good and fast success trade must deepen the knowledge of the crypto world because of the big risks. so you also have to be patient and never panic when the market goes down because if you panic it will make you lose money
sr. member
Activity: 868
Merit: 289
February 27, 2019, 11:16:33 AM
#39
Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

I want you to know that even you have a huge capital as your starting point in trading, if you don't have any knowledge all of it will be useless at the end  for sure. You need to begin with studying first, you cannot go in a battle war if you don't have any training which you need to undergo for it first. Same goes with trading, feed yourself first about the idea and knowledge in crypto currency.
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