Also I am new in the field of trading and what I do is read, know the currencies with the I want to invest and know which is the best time to buy and sell. The best exchange I can recommend is bittrex.
Pd: Start with little money because it is a very volatile market and so you win is also lost.
Topic: Practice trading - page 23. (Read 9528 times)
You could seriously start trading with a couple dollars, which is exactly what I would recommend that you do. Or you could do what people have done since the beginning of the stock market, which is to just trade on paper--no money involved. That way you could see how you would have done had you risked some money.
I would also advise not to start trading until you're calm and ready to lose everything you put in, because that's precisely what could happen. These altcoins can break your bank within a matter of minutes. Definitely get a feel for the market before you jump in, else you'll be back here crying about your losses before you know it.
I would also advise not to start trading until you're calm and ready to lose everything you put in, because that's precisely what could happen. These altcoins can break your bank within a matter of minutes. Definitely get a feel for the market before you jump in, else you'll be back here crying about your losses before you know it.
First, you should learn about how the market works, try to get to know someone who is experienced in trading. He will give you the knowledge and experience, then, start trading on the demo. This will make you safer. Finally, when you are confident about your abilities, start trading according to your abilities.
Having an experience a trader as a mentor would be really nice, I know a few of my friends who are into trading for years but unfortunately they do not have enough time to guide me. I guess this is the situation for most of the traders hence we need to pay lot of fees to hire a professional trader so that they can dedicate some for our improvements. I guess as we are having various video tutorials, we can make use of them as virtual mentors.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
Read some books about trading, join some trade group and find a mentor. Do it step by step, keep calm and patience. Design trading strategy and try with account demo, fix mistakes and never do that again. Repeat that until you find the best strategy for you and do that with real market. Before that you must understand the risk and deal with it. Trading needs hard work and time, don't forget that. Good luck.
Learn from mistakes of people who are posting in the forum. They have explained how they went into bad trading and how they are trying to achieve their goals. This is really important to know what they did because its more than enough to understand how trading works. There will be thousands of books and articles explaining you how to deal with trades but most efficient and shortest way is to learn mistakes. Hope that will make you great trader one day.
First, you should learn about how the market works, try to get to know someone who is experienced in trading. He will give you the knowledge and experience, then, start trading on the demo. This will make you safer. Finally, when you are confident about your abilities, start trading according to your abilities.
Best way is to read and understand what is trading since this is a serious kind of thing. Then if you know what are the basic then you can start practicing by using little amount of money and do not expect to be successful right away because there will be plenty of ups and downs in trading. The secret is just keep on practicing and of course read and research about trading and the rest will follow.
1. You need to develop strategy
2. You have to safely check this strategy.
For this you need some back-tester either developed by you or bought/taken somewhere
The other thing is data. You have to feed your back-tester with historical data to asses if the strategy above is successful.
If not - redevelop strategy till it satisfies you.
3. Even if you have your working method of trading, it's better to be careful, when trading in real market.
It's full of unpredictable movements, so keep caution.
You may also refuse volatile speculation (known as trading) and become an investor.
It's safer, requires less efforts and which is more important less nerves, but that doesn't mean, that it's easier.
For this you should learn coins you want to keep, split your investments (Don't keep all your investments in one direction /coin)
and go on. Practice makes perfect.
This is one of the best ideas but I would like to add something more so that it helps you in trading. My first and foremost advice to every newcomer to trading is that don't take trading too light, it is a tough job and it needs a full-time dedication. Before going practically to trading study about those currencies which you want to invest in and secondly don't invest huge amount in the beginning, start with a little amount and randomly increase your investment if you think you.are good in trading. 2. You have to safely check this strategy.
For this you need some back-tester either developed by you or bought/taken somewhere
The other thing is data. You have to feed your back-tester with historical data to asses if the strategy above is successful.
If not - redevelop strategy till it satisfies you.
3. Even if you have your working method of trading, it's better to be careful, when trading in real market.
It's full of unpredictable movements, so keep caution.
You may also refuse volatile speculation (known as trading) and become an investor.
It's safer, requires less efforts and which is more important less nerves, but that doesn't mean, that it's easier.
For this you should learn coins you want to keep, split your investments (Don't keep all your investments in one direction /coin)
and go on. Practice makes perfect.
Do you have primary idea about crypto trade? however, you can try this https://demo.hitbtc.com/exchange/LTC-to-BTC there you would found demo trade option.you dont need to invest or deposit USD/BTC/ALT coin for this. just openvisit there and start demo trade,you dont need open an account.best of luck man.
1. You need to develop strategy
2. You have to safely check this strategy.
For this you need some back-tester either developed by you or bought/taken somewhere
The other thing is data. You have to feed your back-tester with historical data to asses if the strategy above is successful.
If not - redevelop strategy till it satisfies you.
3. Even if you have your working method of trading, it's better to be careful, when trading in real market.
It's full of unpredictable movements, so keep caution.
You may also refuse volatile speculation (known as trading) and become an investor.
It's safer, requires less efforts and which is more important less nerves, but that doesn't mean, that it's easier.
For this you should learn coins you want to keep, split your investments (Don't keep all your investments in one direction /coin)
and go on. Practice makes perfect.
2. You have to safely check this strategy.
For this you need some back-tester either developed by you or bought/taken somewhere
The other thing is data. You have to feed your back-tester with historical data to asses if the strategy above is successful.
If not - redevelop strategy till it satisfies you.
3. Even if you have your working method of trading, it's better to be careful, when trading in real market.
It's full of unpredictable movements, so keep caution.
You may also refuse volatile speculation (known as trading) and become an investor.
It's safer, requires less efforts and which is more important less nerves, but that doesn't mean, that it's easier.
For this you should learn coins you want to keep, split your investments (Don't keep all your investments in one direction /coin)
and go on. Practice makes perfect.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
The first job of a trader is to look at the ability of a coin, so to practice it, you have to have an understanding of the projects you want to invest in. Is a very important job for you to succeed.
Metatrader helped me to get practice with lots of different indicators and developing my own trading strategies. People usually look for getting familiar with different trading indicators but they are not practising to develop strategies.
Strategy development is not a big thing. We all need to combine more than one indicator and need to monitor when some coincidence or variations occurring, how market reacts. Like watching 100-days average line with 200-days average line.
Strategy development is not a big thing. We all need to combine more than one indicator and need to monitor when some coincidence or variations occurring, how market reacts. Like watching 100-days average line with 200-days average line.
The better thing to do is join campaigns and earn bit coins through it. Try to look at the local section and find your country. There's a great introduction there if you didn't know how to join a campaign. But if you already do know how to do that. My best advice is , if your'e already earning a bitcoin consistently in this campaign. Then use your'e excess coins for trading. So that it wouldn't hurt that much if you lose some coin's
No need to be difficult, you live searching on google about tarading learning. I am sure there will be many links that explain on how to trade profitable.
Indeed, the sincere and decent piece of advice. Yep he should Google his problems, definitely going to find awesome solutions. But I would like to add that stay away for bonus sites. Gambling is also not good to trade with bitcoins. All such things are either fake or unprofitable. Better buy bitcoins and keep them in wallets until prices pump. I started from this forum especially leaning about how the market work, the best time to buy an altcoin, when to sell my coins and be in profit. From there I opened a trading account with https:// poloniex.com and make a deposit of 100,000 satoshi! After I began to buy cheap coins that has fell of recent and sell them when it increases in value. You can follow this simple method and become a professional trader in future.
LOL, I suggest you should starting from 0.01 BTC, don't start with 100k sat because this amount is very small and not helps you improve your skill in future. I think with 0.01 BTC = ~25$ is very small for investing and the profit earning from that can helps you interesting more. 
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
There is no any trading platform that allows creating practice account for crypto trading so you have to put atleast some bitcoin for crypto trading. Just start with small amount at first to learn how trading actually works. But you have to read all bitcoin/crypto related articles/news/updates regularly to make your own trading strategies, you shouldn't follow any suggestion you might get from trollbox/chatbox also be careful about hypes/fuds. There are few so called pump group don't join them, you will actually loss with them rather than earning anything out of those pumps which might not last more than few seconds. 
I started from this forum especially leaning about how the market work, the best time to buy an altcoin, when to sell my coins and be in profit. From there I opened a trading account with https:// poloniex.com and make a deposit of 100,000 satoshi! After I began to buy cheap coins that has fell of recent and sell them when it increases in value. You can follow this simple method and become a professional trader in future.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
Everything in this world starts from the scratch before we reach an experts level. But all successful traders begun into learning and studying the basic about in trading, you can also do read here in the bitcointalk.org for time to time and you could ask also if you like, besides most of the community here are accomodating too.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
The solution/s are all the way on your topic posted. Practicing in trading is not that hard if only you are focused on what you really want to achieve or your goal in the crypto trading world. Well, as far also as I am concern onto this topic is because I undergone also as a novice in the crypto trading community and I want also to share it with you that there are many solutions on your problem all you have to do is read some articles regarding crypto trading, watch some videos related to it and also get some advice on other people you know who are into crypto trading and the more you are used to it you'll really not be a novice as it was even though it is your first time to trading.
The best thing to do is to just trade right away with real money. Just don't start big as you are still on the level of familiarizing the market trends and its fundamentals. The good thing with real trades is that it is really actual and you will be more determined to gain and avoid losses as much as possible. Keep learning as and keep growing while trading.
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