People who are successful, experienced traders - how did you get into it?

bL4nkcode

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Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

You can go in trading altcoin in any trading site, but you must to have the idea or basic knowledge in hoe to do it, by reading some information and tutorials in the internet. And don't be tricked many users posting in facebook groups that "this coin is well promising", before investing you must go to the main website of that altcoin, and must go the main thread here in bitcointalk and read all the comments if that alt will good enough to invest. And if you are using yobit, just don't be carried away from the live chat like "trump to the moon" because in just a minute or seconds this alt can increase so high and also decrease.

yakdivine

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Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

If you’re a beginner trader, first thing you should learn is to read charts. Chart patterns signal to traders that the price of a security is likely to move in one direction or another when the pattern is complete.

xuan87

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usually to start trading i will suggest the person to read and learn from book and internet, eventhough it's not help much in the real trading but at least the person need to know what is the factor that can cause the price to go up and the person need to know some general term about trading, the real lesson is from the real trading if the person still not sure he can start to trade with small amount or opening a demo account in forex because basically trading in bitcoin and in forex is the same, in real time trading you can learn how to avoid panic sell and panic buy and how to control your emotion

1Referee

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At the very early stage of me entering the Bitcoin world in very early 2013, I was purely focusing on trading altcoins and gambling. It was not a success at all, where I ended up losing quite a large amount of money. I think if I look at how much I lost with gambling in a matter of a year, then it's like 8-10BTC, and with altcoins it was like 10BTC as well. All with all, a heavy loss. That's why I decided to completely quit gambling and altcoins for ever at the end of 2014.

Exactly that was the best decision of my life. I am solely trading BTC/USD and have been able to generate at least 100% of profit each year. Right now my ratio is like 90% of my coins are generated through trading profits, and the other part are coins that I bought as initial investment. I am quite happy with how things are right now. I constantly keep increasing my coin count with trading. I must however state that I am only doing manual trading. I am not using a bot. It requires me to invest an insane amount of time into trading, where I some times have trading sessions lasting +10 hours in a single day.

I must also note that I don't invest in shit projects and sites and services that promise me certain rewards. It's 100% trading BTC/USD and that's it.

wintermeasures

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Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

I Get into Trading By Suggestions I Got From My Friend about trading and Also He Gave Me Some Tips to do trading and Also he Told Me About the Altcoins to Trade and Make Profits With the Altcoins ..........
He Gave me the Full Knowledge about Trading and Now i am Able to Trade Myself but i Do Trading Sometimes......

serjent05

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Quote from: JeffBrad12 on November 15, 2016, 04:37:38 AM

Quote from: shield132 on November 15, 2016, 04:14:43 AM

First of all I think there aren't trading expert people but there must be many good traders on this forum. I can't call myself "experienced" but my trading with bitcoin was successful too. Online demo trading websites helps you a lot when you are new, also read many books about trading and that will help but remember that luck is also main factor.

Demo? I haven't found if that is there. Could you tell me about that? And where I can find that link was bringing me to that place for directly?
Thanks for your answer before.
But read a lot of books it hasn't helped me for all.

I think there are some trading demo online, but if you want something that will at least give you something, I think you can play a prediction game. It is the same as trading but you are not to trade in here but to predict the trend of a certain pairs. Either it is going up or down. Then you have to set your cap, until such time your cap is reached (higher cap or lower cap) that is then that when you stop accumulating or losing points. This point will then be converted to USD which you can cash out. I used to play it a year back and was able to see its advertisement few months ago. The game is called sparkprofit.

JeffBrad12

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Quote from: shield132 on November 15, 2016, 04:14:43 AM

First of all I think there aren't trading expert people but there must be many good traders on this forum. I can't call myself "experienced" but my trading with bitcoin was successful too. Online demo trading websites helps you a lot when you are new, also read many books about trading and that will help but remember that luck is also main factor.

Demo? I haven't found if that is there. Could you tell me about that? And where I can find that link was bringing me to that place for directly?
Thanks for your answer before.
But read a lot of books it hasn't helped me for all.

shield132

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First of all I think there aren't trading expert people but there must be many good traders on this forum. I can't call myself "experienced" but my trading with bitcoin was successful too. Online demo trading websites helps you a lot when you are new, also read many books about trading and that will help but remember that luck is also main factor.

katrimans

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Quote from: rik3 on November 14, 2016, 08:46:10 PM

When I Was New to Trading I Started it Without the Much Knowledge Of It But I Have Basic Knowledge but Now I Have Proper Knowledge and Experience Because Of My Bad Experiences in Trading That's My Secret In Trading... And I Also Want to Tell You that Success Comes From Bad Experiences Not From Good Experiences......

Continuous learning will get preferred us results always. Not just in trading in every field when we are ready to learn new things on daily basis then definitely we will get chances to shine within that field.

Trading is highly sensitive to risks at any time to happen. So, in order to safeguard ourselves we must learn new things from our mistakes. Learning new things will be confirmed when we are not repeating the same mistake. So, your number of mistakes will be minimized over time and you will get more chances to make huge profits from your trading.

rik3

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Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

When I Was New to Trading I Started it Without the Much Knowledge Of It But I Have Basic Knowledge but Now I Have Proper Knowledge and Experience Because Of My Bad Experiences in Trading That's My Secret In Trading... And I Also Want to Tell You that Success Comes From Bad Experiences Not From Good Experiences......

croutonhexagon

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Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

Bro Trading Needs Some Knowledge and Experience But I think You Don't Have Much Knowledge About Trading....
I Suggest You That Firstly Get Information About Trading Then Start Trading Otherwise You Can Loss Your Money....
And For Me One Of My Friend Tells Me About Bitcoin Trading, But I Try It Yourself....

Reid

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I am also new in trading with crypto but I always look at investment in metals and oil. Still I cant seem to follow it. I cannot predict what will happen and some do but it takes a lot of time to get to their same level.

I just got this one idea when I trade. I have to lose at first to see how it flows. So I just bet a little for the time being let it lose then somehow I bagan having good predictions the next time.

gandame

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Many people got successful in trading because many of them have big amount of capital they can trade for a long term but as of me i have only small amount to roll in trading so i do only short trade to make profit and to earn it. I experienced to buy a dead coins when that time i buy it in a high price then that coin dump until now is sleeping.

Sergiorr101

full member

Activity: 137

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I can't say that i am very good or experienced trader. But, Somehow i managed to get profit now. And i don't have any strategy, i just trade how i feel that it is good to.

waterholeIO

newbie

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One of the most remarked (yet most ignored) advice for anyone doing anything related to finances/economy/business is to read the news every day, business news. Take 10 minutes of your morning to read Bloomberg at least or any reliable business sites and your views of the world would change. Now take that and apply it to the Bitcoin world.

hosni200

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Quote from: densuj on July 22, 2016, 08:43:56 AM

I don't too successful on trading but i got bitcoin constanly from it, i use system trading or method trading are like analysis tecnical, management margin and risk, rules of entry and exit market and psicology trading. I think you must try my method i hope it is worth for you.

thanks for explaining <<, my question is : can you sir explain your strategy exact to traiding? thanks a lot

ivanst776

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Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

Don't limit yourself that only those that have finance or economics backroung are able to trade.

Trade is free for everyone but not everyone enjoy and earn through the trading.

Before taking any step you should first make some calculation(you don't need to be good at math because there are many websites online which offers to calculate with the percentage) how much do you have to invest, how much you expect to earn, is that amount realistic, is that possible, how long you estimate to wait to earn this amount etc.

People learn a lot when they lose their first money in trading because next time they wouldn't make the same mistake again, for example investing in some altcoins which people are not much interested, the daily trading volume can be very low and so on the coin ends at one or few satoshi.

eddie13

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BTC or BUST

I suggest allocating like .01 - .05 BTC to trading and just jump in head first..

Just understand that you are going to loose most of your starting amount before you get the hang of it and gain enough skill to be successful, but that is a pretty cheap education..

By time you make a thousand trades or so you'll know what your doing..

Just hang out at an exchange, ask a hundred stupid questions in the trollbox, watch the markets move and make trades..

I think that needs to come first, all the reading and information in the world won't do you much good untill you know how to apply it.
You need to learn how to trade before you can learn how to trade well with skill, intuition, and instinct..

carlfebz2

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Quote from: Caladonian on August 21, 2016, 11:44:51 PM

Quote from: NetFreak199 on August 21, 2016, 11:36:02 PM

Quote from: razor5cl on July 21, 2016, 12:17:04 PM

I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

Well for all newbie most people say you just need to buy low and sell high in trading, but the problem how can you know that the coin you buy is in cheap price? You can know it if you multiple times trade it. More in experience ..

its really hard to know if you are just newbie to this kind of trading needed to have move study and do not rely on experience only, it is not because you got lucky ones or if you lose some you can rely on it, studying the flow is very important knowing instances on why or how the price will go up and down is very in need. I'm also a newbie right now and i keep on reading and searching for a better guide to learn more.

Thats the right thing we must learn first and study about trading before we jump into it because if we rush to trading and we dont know what we you are doing then for sure you would lose all your coins. Trading skills and decision making in every trade is very important. Just trade in small amounts at first, practice makes perfect even though you cant make perfect trades always but you would have a good history on making succesful trades.

eddie13

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BTC or BUST

I heard about trading and it got me into crypto..

My buddie said he was making a killing trading doge, I said I wanted in.. The rest is history...

Topic: People who are successful, experienced traders - how did you get into it? (Read 2602 times)