Trading Newbie - page 23. | Bitcointalksearch.org

Palodar

sr. member

Activity: 376

Merit: 250

Quote from: NorrisK on August 22, 2016, 04:18:07 AM

If you want to start trading make sure you get an amount of bitcoin you are comfortable at losing with. Especially in the beginning, the risk of losing part of your investment is quite big.

I advise poloniex as your exchange as this has the highest volume of all, after that, watch the long term graphs of all the high volume coins to see what is generally going on in the markets.

Next, you will want to study the coin you plan to buy on the altcoin announcements boards to see if there is any controversy, potential news to be released, etc. This will help you choose the right coin to invest in.

Finally, try to set limits for when you want to sell and take a profit / cut your losses. This will help not to get emotionally invested and increases your chance of profit.

i agree. you must invest what you can afford to lose because you can't guaranteed profit their especially if you listen to the shill and troller in the chatbox.
a friendly advice buy coin that are stable enough and avoid new release coin because of many bounty dumpers. you will regret if you get caught by them.other advice is stated at
the quoted post. goodluck

NorrisK

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Activity: 1946

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If you want to start trading make sure you get an amount of bitcoin you are comfortable at losing with. Especially in the beginning, the risk of losing part of your investment is quite big.

I advise poloniex as your exchange as this has the highest volume of all, after that, watch the long term graphs of all the high volume coins to see what is generally going on in the markets.

Next, you will want to study the coin you plan to buy on the altcoin announcements boards to see if there is any controversy, potential news to be released, etc. This will help you choose the right coin to invest in.

Finally, try to set limits for when you want to sell and take a profit / cut your losses. This will help not to get emotionally invested and increases your chance of profit.

carlfebz2

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Activity: 2926

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Quote from: twa on August 21, 2016, 01:22:20 PM

Hey all. So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for

What mistakes to avoid, what to never do etc.

Thanks everyone! Cool

If you want to jump into trading then you must research and learn some things that realted to trading so that you would have an idea on what you gonna do when you are already trading. As others said yobit platform would be okay since there are cheap coins out there to buy but select those coins that you think that has the potential to pump. The main thing in trading is buy low sell high remember it.

airezx20

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Activity: 350

Merit: 250

Its good that you have thought to start trading, as you are new you should spend time first to learn about it before starting it if you dont wanna loose your bitcoins.I think yobit is the place for you because there you can start the trading with very small amount of btc so i would recommend you to try there with some small amount until you get more experience to go big.

pooya87

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Activity: 3472

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Quote from: twa on August 21, 2016, 01:22:20 PM

Hey all. So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for

What mistakes to avoid, what to never do etc.

Thanks everyone! Cool

here is the list of all exchanges that you can find out there: coinmarketcap.com/exchanges/
for altcoin trading i prefer bittrex because of their platform and a decent volume they have. but choose whichever you like.
and learning how to trade is not a job for one comment on the forum. you have to start reading some articles about trading in general to get the hang of some terminology and how things are done and then spend a lot of time watching the market to learn what are the things that can affect bitcoin or altcoin price.

abayan

sr. member

Activity: 686

Merit: 260

Quote from: senyorito123 on August 21, 2016, 10:46:48 PM

Quote from: Xenophoto on August 21, 2016, 10:40:11 PM

Quote from: twa on August 21, 2016, 01:22:20 PM

Hey all. So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for

What mistakes to avoid, what to never do etc.

Thanks everyone! Cool

The noobest thing that you can do in trading is to expect that your money will grow after an hour or two. If you're going to invest in an altcoin, it usually takes days or even weeks before it pumps, unless you were lucky that it pumped just after you bought some. Some noobs (including the past me) got bored of waiting for the pump and then sells their coin right away. This will only lead to loss.

Yes its because trading needs time and effort so the thinking to earn as fast as we can is never gonna be happen in their, tradings need timing and proper monitoring so we can see the better result and sometimes also you cannot get a profit with this for a long time since their are other altcoins became steady for that moment so better think that trading is patience and skill game so we wont expect something big from it easily.

Newbie should really study hard for this and focus for only your desired alts so you can follow the movementd and have greater idea how tradings work.

All of us starts as a newbie . We fail, we learn and we succeed Cheesy

. The secret to be successfull in trading is learning from mistakes and learn learn learn Cheesy

StarofBTC

hero member

Activity: 1148

Merit: 528

My recommendation about a Exchange site to Trading is C-cex.com.. Yobit is also famous but sorry to say I am not satisfied with their support system. they are only interested to make more and more money but don't care to their users.

but if you are using Yobit then becareful with:

1: Don't buy a coin which's price is 1 satoshi, yobit charge fee to list any shit coin,
2: Never buy a Coin which is being pumped by a bot. sometime you may see an altcoin is being bought so badly. but if you see the amount of coins you'll this is all happening with the help of Pump bots,
3: Never Store big amount of money in your exchange wallet (this tip is not only for yobit. it is for all exchange sites)
4: Don't send your all coins in yobit in one time. some of yobit wallets are dead and not working. if you send all your coins there you'll probably lost them.. first send few coins and verify that the wallet is working or not.

Good Luck.

Dudeperfect

hero member

Activity: 1190

Merit: 534

This question is being asked for numerous times (and answered too) but I can’t understand why newbies don’t take some efforts to browse old threads? You can almost learn about every kind of trade if you browse old threads instead of creating a new topic.

Anyway, that’s my first suggestion. Now, I would advise you to start with lower amounts and higher frequencies. You will only get knowledge on forums but it won’t help as much as your actual trading experience (no matter profit or loss). Research in deep before investing, otherwise it’s a pure gamble. Good luck.

senyorito123

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Activity: 1764

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20BET - Premium Casino & Sportsbook

Quote from: Xenophoto on August 21, 2016, 10:40:11 PM

Quote from: twa on August 21, 2016, 01:22:20 PM

Hey all. So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for

What mistakes to avoid, what to never do etc.

Thanks everyone! Cool

The noobest thing that you can do in trading is to expect that your money will grow after an hour or two. If you're going to invest in an altcoin, it usually takes days or even weeks before it pumps, unless you were lucky that it pumped just after you bought some. Some noobs (including the past me) got bored of waiting for the pump and then sells their coin right away. This will only lead to loss.

Yes its because trading needs time and effort so the thinking to earn as fast as we can is never gonna be happen in their, tradings need timing and proper monitoring so we can see the better result and sometimes also you cannot get a profit with this for a long time since their are other altcoins became steady for that moment so better think that trading is patience and skill game so we wont expect something big from it easily.

Newbie should really study hard for this and focus for only your desired alts so you can follow the movementd and have greater idea how tradings work.

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: twa on August 21, 2016, 01:22:20 PM

Hey all. So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for

What mistakes to avoid, what to never do etc.

Thanks everyone! Cool

The noobest thing that you can do in trading is to expect that your money will grow after an hour or two. If you're going to invest in an altcoin, it usually takes days or even weeks before it pumps, unless you were lucky that it pumped just after you bought some. Some noobs (including the past me) got bored of waiting for the pump and then sells their coin right away. This will only lead to loss.

deadsilent

hero member

Activity: 1148

Merit: 500

You can try yobit. But not that reliable because many are complaining about that site. Poliniex is good though i havent tried it yet. I suggest to you, dont buy a newly created altcoin coz you dont know if its a scam. Buy atleast at the top 10 altcoin. Maybe its not cheap but it has a lot of potential to rise. Also dont focus in just one altcoin only. Buy other altcoins so you can recover when the one altcoin falls. Just like an investment

klf

legendary

Activity: 1344

Merit: 1000

Quote from: BiTiB.eu on August 21, 2016, 01:58:15 PM

If you have never trade till now, keep calm and study if you don't want lose all your BTC Cool

It is a good advice because as a new to bitcoins it is good if you monitor BTC prices how fast it can go up and come down and slowly understand this market which is different from another world market before you jump into any other altcoin trading. If you start altcoin trading without much knowledge, then you may lose a quite a lot of money.

Gahs

sr. member

Activity: 294

Merit: 250

Minter

Read the topics in the trading section and then move to altcoins section to have an idea of what trading requires. By the way traders make use of coinmarketcap.com for an up-to-date price list. Take your time to read people's posts, do your own research, before delving into it.

BiTiB.eu

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WWW.BLOCKCHAIN021.COM

If you have never trade till now, keep calm and study if you don't want lose all your BTC Cool

lenoli

hero member

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Quote from: socks435 on August 21, 2016, 01:37:19 PM

If you are looking for a trading altcoin check my signature many altcoin there are new release also you can buy cheap altcoin there.
Almost new altcoin is always release in yobit so check it out.

never try youbit, one of the worst site ever I have ever seen. there are no admins, to solve your problems and answer the questions or tickets, many bugs and errors. dice on there site is the worst dive you would ever meet. 100% sure no probably fare.

stay away from this shit site such as yobit

maydna

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Activity: 2912

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

yobit is a site with so many cheap altcoins that maybe match for new people which want to learn trading, but always be careful because in yobit, you should learn how to choose altcoins and buy when its cheap and sell when it gets pump. the up rate is not always get pump but sometimes the rate will up almost 10% until 50% sometimes it reach about 90% or more. just watch out about the rate and get prepare to buy or to sell.

socks435

legendary

Activity: 2058

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I'm looking for free spin.

If you are looking for a trading altcoin check my signature many altcoin there are new release also you can buy cheap altcoin there.
Almost new altcoin is always release in yobit so check it out.

twa

full member

Activity: 320

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BitSong is a decentralized music streaming platfor

Hey all. So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for

What mistakes to avoid, what to never do etc.

Thanks everyone! Cool

Topic: Trading Newbie - page 23. (Read 22218 times)