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Topic: Newbie in trading cryptocurrency and forex - page 3. (Read 536 times)

sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
January 31, 2020, 08:09:26 AM
#34
Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step
Actually forex is having some seminar in which they are teaching how to learn on forex trading in which it is a big opportunity for you to learn on a veteran when it terms of trading, but the thing is there is a payment with the teachings that they are talking about and you really need a money in order to learn from them, but there is also an alternative way on how to learn and it is by watching youtube in which it really helps you a lot on how to trade. Actually it is really hard to say on how you will trust in this cryptocurrency so It would probably hard to answer that question, because in my case I don't trust anyone when it talks about money and all I am trusting is myself.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
January 31, 2020, 08:09:11 AM
#33
Well, you can take advises from the biggest traders in the world that has already achieved that success. Peter lynch, warren buffet, these are all great names for stock market and not forex but you can get some advice from that which you can apply. There is also social trading where you can check other traders and how they made their money previously without even checking what they are planning to do next either.

So, always check people who already had success and not people who are trying to sell you something about their "program" that they are trying to sell for couple bucks or on some youtube video, if they were any good they wouldn't be selling it, they would be making money anyway without trying to promote their system. People who are good either don't share success while they are working or they do after they retire.
member
Activity: 812
Merit: 11
January 31, 2020, 07:19:49 AM
#32
Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

Forex or cryptocurrency in my opinion can use the same technical analysis. What's different between forex and cryptocurrency is the regulation of the government. Forex is known as a money market that is played by banks around the world while cryptocurrency is more dominantly played by individuals or speculative companies
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
January 31, 2020, 06:10:32 AM
#31
Trading is hard for beginners and there will be panics and fears, find a good top exchange like huobi or binance and use one of the best coins out there which is bitcoin for your trading, some trade once a day and other multiple times in a day, the only one that works for me is buying when bitcoin is down and selling when price recovers
You can find a number of such pumps and dumps as you mentioned in a single day and that might be something which makes most of the traders to trade multiple times in a day. Even I am among the traders who would like to trade with the price manipulations multiple times in a day.

The high volatile markets opens doors for immense profits and once you gain enough experience, even you could start trading with multiple coins or a trading multiple times with a single coin each day. These kinds of trading strategies might be riskier but would give you immense profits. Choosing an exchange would be the first and foremost thing for OP to do first and I am sure, he/she would only trust the exchange which already is popular.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
January 30, 2020, 06:55:08 PM
#30
You will not find real knowledge about trading. You have to start then you will find the best way to benefit. I suggest to continue to try and analyze the market.
jr. member
Activity: 114
Merit: 1
The Decentralized TCP/IP Internet Protocol
January 30, 2020, 04:24:23 PM
#29
My brother I would advise you not to go close to trading if you are truly a newbie as you claim until you understand how it works
sr. member
Activity: 658
Merit: 250
enterapp.io PRE-SALE IS LIVE
January 30, 2020, 01:56:14 PM
#28
First you need friend and you can get it in broker forex community or crypto trading group, get the expert and take his experience. You can't do by your self, as newbie have friend as sharing partner and expert opinion really needed. Second thing is try the demo account to understand tools ( indicator ) and market direction. Do it slowly but sure because you can not play with your money.
member
Activity: 798
Merit: 14
January 30, 2020, 01:41:08 PM
#27
The first rule is not to trust anyone out here. To become good with trading or anything cryptocurrency requires persistence and consistency. You must be prepared to read, watch videos by experts and above all trust your self to make right trade decisions. Don't depeeon any call from anywhere be it a paid group or a twitter guru.
sr. member
Activity: 645
Merit: 266
January 30, 2020, 12:36:55 PM
#26
First thing that you must learn about trading is how to transaction in the market, then you can learn about how candle stick run in the chart. This is the most difficult thing, many people have loss on their money because don't know how to read candle stick. Don't think you always get profit when you're trades, you must learn about money management as well. If you want to be forex trader, just go with demo account first until you master on it.
sr. member
Activity: 1680
Merit: 263
January 30, 2020, 12:35:52 PM
#25
there are many tutorials about trading for beginners in several sources such as Google, Youtube, Articles, etc. there you can learn that. but you need to remember in advance that trading is high risk and no one can guarantee you fully. my advice, you need to do it on your own belief. use the source as your reference material.
sr. member
Activity: 906
Merit: 263
January 30, 2020, 12:13:54 PM
#24
Faucets friend faucets. People who know nothing like to say they a worthless waste of time. They are great educational tools and way to get small amounts of crypto. Btw you can actually get a decent amount with enough referrals but that only appeals really to site owners and people who already do affiliate style marketing. With faucets, you learn about transactions. They all very small so making a mistake on a micro wallet trascantion will cost you nothing. When you have a sizable amount you can deposit on the exchange and trade for real. Learn how to trade through faucets its the best way. You don't need anything to invest and if you lose all you lose is your time which is not true since you gained knowledge. Good luck.
member
Activity: 1302
Merit: 25
January 30, 2020, 12:06:13 PM
#23
Once upon a time i never knew the difference between binary trading and crypto trading, in fact i used to think they are the same until i tried out both and came to understand that binary options are very risky compare to crypto trading

Binary is more like the beast of them all for the reason that it can dive to a direction and stay that way for a longer time that is the fear of it. But if you are on the winning side, you are sure to keep smiling.
member
Activity: 476
Merit: 22
January 30, 2020, 10:24:38 AM
#22
Once upon a time i never knew the difference between binary trading and crypto trading, in fact i used to think they are the same until i tried out both and came to understand that binary options are very risky compare to crypto trading
full member
Activity: 1330
Merit: 147
January 30, 2020, 09:58:52 AM
#21
Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step
First of all move this thread to this board https://bitcointalk.org/index.php?board=8.0

You will get many useful knowledge there, because there are some people who just focus on trading and never try to open the altcoin board.

Also, if you just new to cryptocurrency this board https://bitcointalk.org/index.php?board=39.0 is highly recommended for you because you have to know cryptocurrency is not about currency or profit only. There are many thing especially how to avoid several things that will fall you later.
hero member
Activity: 3052
Merit: 651
January 30, 2020, 09:48:07 AM
#20
I just forgot the author was and as I keep on digging I can seem to find it.
Buried by a lot of post in Trading discussions.
But you should first go there. You will some good steps into what you should prevent and how to not trade by your emotions.
Because that might be the first mistake that you will make.

Also, better find a reputable trading website which really suits you.
I look into UI, I want something that is also good for my eyes and not just the volume. That goes second for me.
newbie
Activity: 29
Merit: 0
January 30, 2020, 09:44:35 AM
#19
Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step
Stay away from forex/binary trading, they are highly dangerous and risky, once you make a wrong choice your money is gone, buy coins and trade on bittrex or binance but first you gotta learn how charts works, how to read candles, you can start with youtube for tutors

I'd add that you can lose your money anyway with crypto aswell.
Binary trading aswell as cryptocurrencies is volatile.
But with cryptocurrencies there is one thing that makes it better - every coin has some company behind it.
And if you believe in company's future you can invest in 'em (but you gotta do research beforehand).
member
Activity: 1540
Merit: 68
January 30, 2020, 09:09:41 AM
#18
Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

When it comes to trading, you need to ve calm and confident neglecting any emotional attachments to trades.

Secondly, you can check YouTube or medium for videos or blogs as regards crypto trade n forez trade.

Practice with very small $ and develop in bits, the faster u adjust, the more you know how to trade for profit
member
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
January 30, 2020, 09:02:07 AM
#17
Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step
Stay away from forex/binary trading, they are highly dangerous and risky, once you make a wrong choice your money is gone, buy coins and trade on bittrex or binance but first you gotta learn how charts works, how to read candles, you can start with youtube for tutors
member
Activity: 504
Merit: 16
January 30, 2020, 06:03:45 AM
#16
Trading is hard for beginners and there will be panics and fears, find a good top exchange like huobi or binance and use one of the best coins out there which is bitcoin for your trading, some trade once a day and other multiple times in a day, the only one that works for me is buying when bitcoin is down and selling when price recovers
jr. member
Activity: 433
Merit: 5
January 30, 2020, 06:00:03 AM
#15
When I began my journey to crypto I was looking for guidance too. From my personal experience, I can tell that forums like this are very helpful, cause you always have access to the knowledge base that other people provide. Courses are also helpful, you just have to pick the right one. As an example, I may recommend the one I studied, changelly's crash course. Any other free course with a good rating is fine too, just read the reviews before studying
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