There is a big problem with practice trading that mimicks the real market, especially if you're investing larger amounts. And that is that your buy and sell orders will influence the market and other investors, especially with low volume coins that have high volatility. If you're just pretending to buy/sell coins, then these actions won't have these very real effects on the market that they should.
Imagine a coin with a $5k daily volume that goes up and down 20% at a time. If you put a practice trading account of $1mill into this coin, you could turn it into a theoretical $100 mill in a month or so. In reality a single $5k buy order would send the price soaring higher, and a single $5k sell order would tank the coin. So in reality your profits would be more like $500 if you're lucky (without effecting the market too much).
These effects aren't so pronounced with high volume coins. Usually any coin in the top 30 won't be effected by your actions unless you're a giant whale. I recommend you practice trading with only high volume coins to get a better estimate of your abilities, as it's easy to gain false confidence in your abilities from low volume coins.
Topic: Practice trading - page 5. (Read 9528 times)
There are TONS of people asking me about how do I become a trader, how do i trade smoothly without any problem,my answer is experience. In the past , i did make some stupid mistakes that i can't even understand how can i get that. Been through some mistakes will teach you how to against it in the future.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
are you interested in trading? I suggest you do not trade before your knowledge is maximized, because I am afraid you will feel dizzy and frustrated if lost, I think you should read some articles that explain about the trade and you ask for help to someone who has experience to Help you better understand about trading, after you feel capable and ready to accept all the risks that you will face then start trading, may you succeed with your first step. 
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
When trading in the electronic money market, you need to pay attention to the following:Consider buying a coin Altcoin is pumping.
Learn to understand Bitcoin (or any) chain.
Learn to understand the relationship between Bitcoin and an altcoin.
Learn to understand the candle stick. It provides important information, which can not be found in other charts.
Limits of profit and loss, no greed and absolute discipline
Learn the technical analysis. This plays an important role in capturing the market.
Do not trade if you suffer from insomnia for a transaction. Always ensure your concentration.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
Single half a case, market manipulation(Pump and Dump). This is the host activity that changes the value of the AltcoinThe mode of operation of this scam involves two cycles. The most seasoned, they buy cheap altcoin, then, they start spreading rumors to increase the trading volume and value of Altcoin. After Altcoin has reached a desirable price, they will start the second cycle by selling out, even dumping, causing the market to fall.
To avoid being a victim of this trick, you always need to set goals that you want to achieve, for example 25%. In case you can not check daily transactions, it is best to place a limit order. A limit order is executed when the price reaches the limit.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
DO NOT TRANSLATE LIGHTING AND SELLING NEWSThe trading concept (buy or sell) is based on rumors or sources of confidential information that exist in the securities industry, which can also be used in the TradeCoin market. However, to avoid risk, you should not be a trader based only on the rumors or the mass market.
In addition to your blog will have 1 item predicted coin for you, you have to actively learn more information sources or forums about the coin that you are looking to invest.
Actually if you are a newbie in trading it is really difficult to understand so you must read more and research alot about trading.Practice trading is not free so you need to invest,you can register in binance and try to check there website for more info.
We have this saying that "practice makes perfect" and yes I believe in it, but if you do practicing trading well I guess you would alot your savings or investment for a lose trading. Yes, practice trading is not free, you have to take the risks of gamble your money, but on the other hand, it has some sort of good thing because at least you experience how to trade right.
Actually if you are a newbie in trading it is really difficult to understand so you must read more and research alot about trading.Practice trading is not free so you need to invest,you can register in binance and try to check there website for more info.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
You may want to try the Fantasy Fund. it's a promising ICO that aims to deliver our trade competition without real assets. I think you will be able to learn how to trade an event get some reward from it. Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
All of us here become a newbie, being a new one is not a problem. Reading and learning is the key to all professional traders but I am not yet a professional one because I am still learning about trading.
Nobody give exact values and predictions about the market because it depends upon the market and user base. Only few time their guessing may correct but not up to the mark. As trader we have to keep learning and learning.
This is not something that we can predict the market all the time correctly. We make our guesses and predictions and then we just wait to see if it was correct. We guess the price to open new positions especially in margin trading.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
You can check hitbtc or bittrex if you want to start trading.All you need to do is to sign up then you also need to deposit btc depending on the amount the you will deposit and then you buy tokens that is on demand then youll just need to wait for its value to rise before you will sell it in order for you to earn but sometimes it takes time to increase so you need to wait patiently.
that's the only key... everything you learn put it to practice.. application and applicaition... good luck kid!
Practice trading is really great to do, i am not good in trading thats why i am practicng in trading so i would not experience to have a hugeloss in trading, and practicing trading is nice for me and for all the people who are not gopd enough in trading.
All of us starts being a newbie. I suggest that you should learn first about cryptocurrencies. Ask tour friends, learn from google, watch youtube videos to have an idea. But I think experiencing it is a good way to learn.. of course you will loss some of your money that's part of being a trader, but the question is how would you deal with it? will you continue or stop being a trader?
Before jump it firstly learn about technical analysis, learn how to read the chart and to know which level area the price on oversold and overbought to decide which price should be to buy and sell. And others thing learn also about candlestick pattern and price pattern. And if you understand it already continue to learn fundamental analysis. Step by step you will understand all about it.
Actually, it's very difficult to understand it. It seems to me that it will be very difficult. At least it is good if there is a person who will prompt or direct on the right path.Well technical analysis comes after experience. You really would have a hard time with it if you'rr studying it prior to making actual trades. Most newbie traders would be better off making and learning from mistakes than forcing to unserstand ta at the onset. It will be a lot easier to be familiar with ta once you're already familiar with trading
Before jump it firstly learn about technical analysis, learn how to read the chart and to know which level area the price on oversold and overbought to decide which price should be to buy and sell. And others thing learn also about candlestick pattern and price pattern. And if you understand it already continue to learn fundamental analysis. Step by step you will understand all about it.
Actually, it's very difficult to understand it. It seems to me that it will be very difficult. At least it is good if there is a person who will prompt or direct on the right path. 
Some opinions just gives you some experience. the best way is that you have to pratice more and more. Spend amount of money and using it to learn knowledge. it is good for you
It is better to invest in a particular item by doing research of your own, choosing the place of investment through learning from different sites. Reading some books (which most people find difficult) or articles will definitely unleash small points that one must kept in mind and techniques for coming up with a working way. For instance, a person must ask many questions before taking any step to dig up all the details.
I learned about trading by studying it with a lot of reading about trading and watching videos on youtube about trading procedures for beginners. And I also learned about crypto currency and about technical analysis to make price predictions and read charts.
Before jump it firstly learn about technical analysis, learn how to read the chart and to know which level area the price on oversold and overbought to decide which price should be to buy and sell. And others thing learn also about candlestick pattern and price pattern. And if you understand it already continue to learn fundamental analysis. Step by step you will understand all about it.
Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
Reading here is a very important to learn at least the basic one in trading. Continue to learn, read and after that you already knew the basic try to do some trading. That's it.
Well I think studying first is the best way to start trading. If you think that you've learned enough, then try it but brace yourself for the possible loss you must have a fortified emotion before going to warzone. Well you must know what will happen to you because it is a gamble you don't know if you are gonna win or loss. Because bitcoin is very unpredictable. Just learn everything first from your friends, google, youtubes and of course there are so many things that you can learn here in bitcoinyalk.
Gambling is not good because it is having risk if you are not able to play well then it is not good for you just stay with investment, trading is also not children play mate before this you will have to know how and where you should trade only then you will be able to trade with proper timing and proper strategy. I know bitcoin has a lot of sites so it will guide you about bitcoin trading and then you will get in bitcoin trading with a lot of profit.You have a point dude dont ever try to enter in trading industry if you dont have enought knowdlege about basic procedure of trading every single move you do are risky in only second you can loss or win. Maybe start only with a small capital then practice or make familiar with the trading platform after you gain knowdlege proced to big capital and try to earn a profit.
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