Looking for some easy to start with trading tips.
I don't gamble and have always want to start trading BTC and maybe also play around with some of the shit coins for fun.
Im not looking to trade much so really don't care if i dont make a fortune or lose, only want to start playing around with about 0.2btc till i know a bit more about what im doing.
Trading has always sounded interesting to me so any help or links would be much appreciated.
If you really wanna make profit by trading, better try out Alt Coins instead of bitcoin. And always remember, trading is primarily gambling, whoever says what. So, dont invest something that you can not afford to lose.
Yes trading never called it as a investments but some people still believe it is investment. It is purely gambling. Here many people lost and only few people will make profit.
For the majority of people, trading is considered as gambling, you don't know what will happen next!
But I think there are some factors to not under-valuate:
- speculation, whale, investors coming etc. You need to monitor always the coin you bought. Just 10 minutes later and you can lose everything. 10 minutes before and you can multiply your earning. Focus on the market and place your bids carefully.
- development activity. Try to focus on developer, how he wrote messages, how he develop etc. He can appear a good developer.. and disappear in 1 day and leave the coin at 1 satoshi.
- on free time, read about alt coins and (of course) bitcoin. Try to understand how most people will move on the market.
Trading coul be an investment, but who trade must be focused on many aspects.