Topic: Trading Advice Needed - page 5. (Read 717 times)

I think that at this stage of the development of the crypto currency, it is very reckless to say that the crypto currency can enter the financial system of any country. Apparently not all authorities like this idea .

Well from someone being in the learning phase as well I would advise you to start reading first. Get familiar with price patterns, with indicators, and how to use them. Things work different from market to market, so although the principles are the same, you will see that some indicators will work best on forex, others will work best on stocks, and others will work best on crypto. See what traders are doing and then try to mimic their strategies in a safe environment.

By safe environment I mean paper trading. I'm doing it for months now, and although it might seem boring, since you are investing time and not getting real profit from it, it proves to be valuable in the long term because you will not be fooling yourself. There is not point to not be committed to your strategy in paper trading, because the whole point of it, is to know if your strategy works.

Once all those steps are done, go to an exchange and start with a small amount of money. It is almost like paper trading again, but this time you will actually be making some money. If things continue to work for you, try to keep things that way until you at least double your bankroll twice. By that time you should have enough experience and trust in your skills. If your bankroll is not big enough, it's time to invest.

As what i know that being a trader you must look to the economical state of a country to had more accountable for broader growth of one of the business you trade and also when you are such a begginers in trading. You must had more tactics and ideas do you want to make and through out that you can be able to trade effectively.so that it makes you more interrested of it.

I suggest you if you to open now an account on the exchanger you prefer so that you will know how trading works. Search and study the coin you will buy. Watch video tutorials in youtube about the techniques in trading.

You can check this thread, https://bitcointalksearch.org/topic/m.32463692, some extensive explanation specially trading for beginners. I also search some threads that might be relevant and can answer your questions.

https://bitcointalksearch.org/topic/how-to-start-trading-alt-coins-beginner-tips-2154746 -  How to start trading alt coins? Beginner Tips!
https://bitcointalksearch.org/topic/bitcoin-tips-bitcoin-trading-starter-pack-2861680 - Bitcoin tips: Bitcoin Trading Starter Pack

I would also advise you to really go around the community and try to familiarize yourself in the forum. I'm sure that you will find a lot of relevant thread and you will learn loads of tips and tricks that sometimes you will felt like there's so much information to digest. Don't be intimidated though, just take baby steps and through trial and error, you will felt comfortable as you start your trading journey.

I would advise you to take a course in trading. I think it's a quick and effective way.
Then you'll get support from the teacher. Self-trade and training will lead to many mistakes that can cost more than training.

Try to do mock trading which will help you realize about your forecast and how you feel when the market or your trading sinks. Thus when the real money will be involved you could understand that if you will be able to manage that stress when the value goes down or not.

Yes, FUD and rumor always exist to make the investor become panic anytime on any financial market, not only cryptocurrency market.
The whale are wise investors, they never trading without profit and profit of them are from the loss of the noob traders and newbie on the market.
Therefore, not let their trap make you become panic, check information and find the reason to consider which thing you should to do.

Welcome to the crypto platform buddy. In crypto trading you have many options to choose from right from the method of the trade. There are basically three types of trade that you can follow:
1) Day trading
2) Swing trading
3) Long term holding.

All of them has got their own advantages and disadvantages and many times they are best fit to individual person using it. For me long term holding is the way of getting most out of the trading that I do. This includes choosing best portfolio and then getting my investment done into them for long term purposes. Once the specific time has passed the prices are spiked for the coins which they do over the time, then I can easily sell my coins at higher rates getting myself some cool profits. You can follow your desired method like that.

The best way is to read here and watching videos on how to trade crypto also dont be greedy keep always calm and dont panic if you see the price is down you will only lose you investments if you panic.

Before you start trading you should first have the right resources , you should decide on what exchange you are going to trade and see the reviews of the exchange if it's trusted and most importantly where will you store the coins you will purchase
After all this the trading process isn't hard look for a coin which is less volatile or check price history of the coin and accordingly start trading

The right place to learn to to trade is at babypip. This site explain to you how to start trading and what to look for before investing really money. I will also advise you to download metatrade software were you can open a demo account account and practise how to trade until you are able to show profit before you can invest. Trade is not for everyone and if you know you cannot control your emotions it is good not to go into it.

First of all you should decide what are you going to do. Some people are messing up and calling everything a trading. There is a diffenence between trading (also there aredifferent types of trading) and altcoin investing.
Concidering that you are planning to get deeper into trading I would recommend to try some forex courses to understand the basics of the technical analysis and different indicators. The other things like portfolio management etc. may come with experience but skipping the basic lessons and trying to learn the technical stuff on practice is very stupid but unfortunaly popular move.

Read the topic of trading discussion or altcoin discussion for more on cryptocurrency. That will give you less risk in speculation.
But you should try your best. failure will be successful. Challenges and failures always make you stronger and more experienced in investing.

First you need to find out about the crypto market on the topic of trading discussion or altcoin discussion. Read the topics related to the altcoin or the topic of cost estimation of altcoins, the members will help you understand more about how to evaluate the price of altcoin.
The second thing to keep in mind is that the crypto market is constantly changing. Traders need to have the calm and patience to solve those problems. In addition to that you check the accuracy of the rumors related to the crypto market. Do not blindly believe inaccurate information, verify your information yourself. These are essential for you to begin your investment strategies.

i myself have passed a lots of years in trading forex and bitcoin trading
but i didnt make any improvement
thats why i just want some experts to help me
there was a lots of ups and down have been passed in my trading life
so the experts might give me a good suggestion to improve my trading performance  

Experience is the best teacher, Every trader lose on the first month of their trading career. Be careful and read tons of educational books and articles on how to trade. There are so many strategies that you need to learn. Find groups and menthor. And the most important, Invest what you are willing to lose. Trading is very risky. It's like placing a mouse inside a tigers cage and expecting that the mouse will survive. (that's a joke) Be careful and expect losses on you first few months. You can minimize lose if you just hold. Especially day trade is the most risky. Don't do that until you get used to trading, Goodluck.

hello everyone!
I am quite new to the cryptos, however Im very interested in learning and discovering the trading process of cryptos!
Therefore, I would like to ask crypto traders for some advices about how to better learn the trading process and how to start trading. Thanks in advance!