Trading advice needed | Bitcointalksearch.org

Cemploon

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Activity: 644

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CurioInvest [IEO Live]

Quote from: DDante on August 25, 2019, 01:53:57 AM

Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks

When you make a decision does not involve emotions because the results are not good. Learning with experts, in my opinion, is indispensable. I more often see YouTube videos on how to trade well. At least it will give me a little knowledge of the trade.

And most importantly patience and take advantage of every good opportunity. The coin price is currently different from the year 2017, that if the selling value of the coin rises, it will surely last a long time. But it differs from now because it quickly decreases.

Viscore

hero member

Activity: 3178

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Live with peace and enjoy life!

Quote from: ?? on ??

1st of thing change your mindset about trading , its not like you buy some coin and hoping it will get raise suddenly
, trading is about buy some coin with much observation before and you know it will get raise if your observere is right

Learn more about technical analysis and fundamental skills before engaging into trading. You won't make profits in trading if you don't understand it well. Follow the buy low and sell high method and for sure, you won't lose in the end. And never make use of your emotions in trading, just trade only for profits so you will be motivated more to earn big in trading.

sukoyomi

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Activity: 948

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Quote from: Mianae on August 26, 2019, 05:50:22 PM

You need to improve your trading skills, trading requires lots of time, learning about the market as well. To do well you must spend quality time learning and relearning on charts analysis. Without ability to analyse charts trading won't be profitable.

If it's me, I'll not improve skills for analyse trading charts because it same as playing guessing game to me. I'll improve my skill to seek a good altcoin, which one of them that really try hard to be worthy.

bellaayu

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Activity: 644

Merit: 10

Quote from: DDante on August 25, 2019, 01:53:57 AM

Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks

Doing gift and trade campaigns are two things I'm working on. Trading is not always profitable, but there is a phase in which we suffer losses. Trading requires patience and we should also study the sales charts.

Now when monitoring market price movements, Bitcoin in a few months continues to dominate. I suggest you focus on investing in Bitcoin, and I suppose it will definitely make a profit.

Mianae

member

Activity: 798

Merit: 14

You need to improve your trading skills, trading requires lots of time, learning about the market as well. To do well you must spend quality time learning and relearning on charts analysis. Without ability to analyse charts trading won't be profitable.

sunsilk

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Activity: 3038

Merit: 634

Quote from: ?? on ??

Quote from: sunsilk on August 25, 2019, 06:37:11 PM

There are numerous ways to start trading, one is to try it using with your own pocket means that charging it to experience the essentials and how real trading works. Think of it as sort of investment for the experience and don't feel bad if you fail in the beginning. It's easy to say to buy low and sell high but experience will tell you a lot.

Second, there are trading simulations that you can try online which is identical to exchange-trading experience like these:

Besides the website there is babypips.com which can give us knowledge about technical analysis. But in my opinion, the most important thing from trading is that we are able to control our emotions so that we are not exposed to FOMO or FUD

Never known that website but it's mostly for the forex traders. But I guess analysis from forex to crypto can be applied as I've known a person that shifts from one market to another.

It is inevitable to apply your emotions or become emotional when you conduct trade. For the beginners, it's basic to have that feeling and we can't blame them if ever they commit mistakes but experience will teach them on how to be neutral during their trades.

beachbummer

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Activity: 251

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You will be able to find some principles in this article:
https://www.publish0x.com/cryptobeach/how-sleep-night-while-trading-crypto-xwwlzw

In summary

Learn Technical Analysis (TA)
Your acceptable candlestick duration
Risk/Reward Ratio
Stop-Limit Order is your friend
Ensure sufficient liquidity
Be careful with Market Orders

Moiyah

member

Activity: 630

Merit: 20

Start with the basics. If you want to become an altcoin trader, start trading in an exchange that has a friendly user and has an easy to understand system like binance. You don't simple just buy low and sell high but choose coins that are worth to buy. Learn charts and technical analysis and join groups that may help you to engage and learn in trading. There are tons of groups that can help you learn to understand vague terms and other indicators that you should know.

setialovers

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Activity: 812

Merit: 11

Quote from: DDante on August 25, 2019, 01:53:57 AM

Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks

Many websites provide knowledge about trading. Trading is risky and not everyone is suitable for trading and in my opinion, the most important trading in crypto is trading with coins that have a large transaction volume because it involves price volatility

funcryptoco

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Activity: 107

Merit: 26

Trading is not easy and many lose their money because of entering into trading without learning, first learn the basics of trading and then the methods and indicators.

sunsilk

hero member

Activity: 3038

Merit: 634

There are numerous ways to start trading, one is to try it using with your own pocket means that charging it to experience the essentials and how real trading works. Think of it as sort of investment for the experience and don't feel bad if you fail in the beginning. It's easy to say to buy low and sell high but experience will tell you a lot.

Second, there are trading simulations that you can try online which is identical to exchange-trading experience like these:

coinswebid

sr. member

Activity: 1092

Merit: 250

the simple rules is buy when the price in the bottom zone and sell when the price in the TOP area
always set a realistic profit target and cut your lost short mate

leatutz

full member

Activity: 523

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You can't learn trading in few days. I see two types of trade short time trade like everyday you have to do buy & sell. Another is long term trade, you should wait from 1 week to 2 months. For trade I do second one, because as my research I hold maximum two months then sell it.

Bountyhonter

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Activity: 406

Merit: 10

You can start by watching YouTube tutorials by top traders to get to know the basics of trading and how it works then you can start with a little amount as a test run. Trading is all about profit and losses so expect to loose once in a while.

inoes

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Activity: 1316

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United Crowd

My Trading Experience 1. Choose a trusted trading market
2. Learn the analysis technique, so that at least know the market conditions such as pump or dump, break out
3. Follow the Trend of the coins you hold, because if there is negative news then the coins tend to dump
4. Collaborate your opinion with experts, for example you follow the advice of the Signal / Forum
5. Separate capital and profits
6. Be patient and don't get carried away.

tycsols

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BountyMarketCap

If you are completely unaware of how trading works and you do not even know the basics of fundamental and technical analysis i will suggest you to stay away from trading and try to read and learn from searching online as much as you can and then trade at some demo account to practice and after satisfactory amount of practice for couple of months you can start trading but without following these steps and learning you will only loose while trading and also remember that active trading does require a lot of focus and time.

Ucy

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Activity: 2674

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Compare rates on different exchanges & swap.

Quote from: DDante on August 25, 2019, 01:53:57 AM

Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks

There is no easy way to profitable trading than to learn trading well enough.
Watch good trading videos on youtube, Read good/easy-to-understand trading ebooks, practice live trading without risking your money.

Spend some time searching on youtube and Google for good video/ebook trading tutorials.

After learning those, you could practice your trading skill without risking your money here:
Altcoinfancy Simulation/Games
https://altcoinfantasy.com/

CoinMarketGame Simulator
https://coinmarketgame.com/

Niffler.co Learn Crypto Trading Simulated Crypto Traders
https://niffler.co/

When you are done with practicing, you could try trading with real cryptocurrency but only trade with what you can afford to lose.

mamahdedeh

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Activity: 812

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www.cd3d.app

the main thing you do is discipline in trading, that is, after you make the analysis and framework, then as much as possible you obey it. sometimes our analysis is wrong, but it is natural, because trading is an opportunity. but I'm sure with more experience, you will become a profitable trader consistently. loss is not the end to stop learning

raidarksword

member

Activity: 2044

Merit: 16

Trading is not easy because anytime you could lose profit when lack of knowledge. So, it's best to study first on how to read chart and candles before engaging on vigorous trading sessions in order to sustain stable earnings while trading. Though sometimes loses are part of trader's life and it's inevitable but it makes a good sign as well to make you a better trader in the future. Most importantly is to take away greed always because it's the root of all failure while trading and always have patience.

Germining

sr. member

Activity: 778

Merit: 252

Get some low caps and hodl them. Look for different coins to lower risk.

I got SUMO 2 years ago and still hold them. Grab some of them, if you like an research some other low caps.

And get some bitcoin of course. Even if its only small party of them.

Topic: Trading advice needed (Read 509 times)