What I Should Know Before i Start Trading Cryptocurrency - page 7.

raven7886

legendary

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Quote from: royale143 on March 21, 2018, 06:43:08 AM

You first need to set your strategies and techniques when trading, you have to religiously follow that so that you won't go astray in your trades and dealings. May I remind you that, in this market, especially in the trade market, it's quite easy to bite the dust and do trades that are seemingly good on the onset but would end up going sour. I am saying this so that it would be a normal thing for you as a trader to study your moves very closely before going for it.

As long as you have strategy, you will always be fine with trading and you obviously cannot have strategy if you do not know how to trade or have a very good knowledge about how to trade safely and make use of the indicators at your disposal which a lot of people from what I have seen on this forum usually do not. Once you are good, then you are going to do very fine with your trade.

Quote from: Nana1 on March 26, 2018, 04:50:14 AM

Holding and selling is not a bad idea. You can also engage in trading

Even for holding you must know few things before entering into buying an asset for holding. Holding is an easier way of trading but what you will hold ? Other than holding bitcoin, you must study lots of thing to get start with.

Nana1

newbie

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Holding and selling is not a bad idea. You can also engage in trading;forex to increase your profits.

Supercrypt

legendary

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Quote from: bullet007 on March 21, 2018, 06:50:23 AM

The fact that trading causes the strongest emotional experiences. This activity is not for the faint-hearted.

If you do not want to be faint hearted in trading, then you should learn and gather experience from the knowledge you have gained from the books before you even start at all while trying to trade as small as possible when you are gathering those experience. With that, over time, as you keep making good calls, you will start gaining some confidence even as you go bigger. People only get emotional when they do not have any idea of what they are doing.

There are multiple aspects that every trader must know before touching the live market. For demo trading kind of mock up, it is not reui9red most of the times as that is the place where we are going to learn.

hispout

full member

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Merit: 101

Quote from: homhay on March 22, 2018, 12:50:44 PM

I think the first you must learn about how to analyzing coin price with chart candle. Simply, you can watching it in youtube because I think with youtube you will easy to understanding. To test, you may must deposit $100 to learn in exchange about that tutorials. Try to buy some coin that lower $1 and practice your tutorial there. I have doing that and it work.

You need to know number of things before even getting started in the world of trading. Reading and learning the things related to that of trading and that too as much as you can is a must condition that needs to be fulfilled before you even jump into trading. Other than this, you need to start doing trade with the small amount of investment and then later on, you can increase the amount of money.

wuvdoll

legendary

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Quote from: aencarnaci on March 21, 2018, 03:59:40 AM

Quote from: Direwolve735 on March 18, 2018, 02:49:29 AM

For me, the golden rule of trading crypto currency is the mandatory written fixing of orders and strategies. With an active game performed at any type of distance, the recording of planned, realized orders for each of the directions will help to calculate the average purchase price, the formation of its own sales strategy.

Before starting off the trade, the first thing which you need to do is that you need to gather some good amount of money which you can then use for the sake of investing into any of the crypto coin and above all, you also need to learn all the basics and the fundamentals things which are necessary for you to know to become successful in trading. Get the experience first and then invest large amount of money.

Gathering good amount of money should even come last. Personally, I always tell those who want to trade that if they are sure they are ready and they have learned as much as they can which should guide them apparently, then they should start with little and practice what they have learned.

With that, they will definitely be able to gain some experience and confidence before going in big and may be by then; they can now decide to start gathering big amount of money to trade.

Alex077

legendary

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At the beginning, you should daily investigate 10-20 articles and news on the cryptocurrency topic. You can trade with small deposit, only when you understand what is going on. It will take years to learn technical analysis thoroughly, not everybody has enough patience for it.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: Kambal2000 on March 22, 2018, 02:41:18 PM

Well, for you to understand trading you must observe the market first, don't start immediately see first if trading will really fit for you, if this will make your passion, some experts are doing great in trading because they love what they are doing and they are making it as their passion.

Fitting is important factor that you enlighten here. Actually when people see their fellows and friends earning from bitcoins with almost negligible physical effort, they plan to do it as well.

They don’t know who incredible and vital role is there for mental controlling while dealing with all such stuff but definitely they never see until they come into field. So see if this fits you or not practically, only then decide accordingly.

PatelKartel

member

Activity: 301

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How to guide ? Cheesy

haha You really need to learn the most you can about the crypto you are going to invest in. Have to have a great security to not get scammed. Really double check the addresses you are going to send crypto

bitbit99

newbie

Activity: 90

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Before start trading I would suggest to read forum rules.
Sometimes it is just good to refresh memory

glavos

sr. member

Activity: 547

Merit: 250

The HOLDERS are the people who cannot trade. So first you need to learn the basics of trading.

komjhq

full member

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Quote from: contactmike1 on March 23, 2018, 12:43:17 PM

You've got to learn that trading is not that simple and first time you will be loosing your money, temper and passion to this activity, after like a year of day trading experience you can withdraw first profit and it is not guaranteed. Also in crypto you have some chances to make a fortune.

girls that in the first place should always be experienced on bounty campaigns, at the same time you will earn both starting capital and more accurately Learn in theory. And then I will be able to start practical training on the stock exchange.

contactmike1

sr. member

Activity: 672

Merit: 251

You've got to learn that trading is not that simple and first time you will be loosing your money, temper and passion to this activity, after like a year of day trading experience you can withdraw first profit and it is not guaranteed. Also in crypto you have some chances to make a fortune.

douglock

sr. member

Activity: 300

Merit: 250

you need to know that trading is not for people who do not willing to learn more about it. If you do not have knowledge about trading, you will lose a lot of your money. Moreover, every year, trading strategy changes and you will know nothing if you believe that you can trade without learning a shit

Kawasakinamoto

newbie

Activity: 99

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Don't let your emotions get you and learn basic patterns which is proven effective like inverse head and shoulders which is nice because you will gain knowledge and you can use that in trading.

Alex077

legendary

Activity: 3640

Merit: 1209

Quote from: dayem708 on March 02, 2018, 12:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

First of all, you should read a lot of news on crypto-currencies, at least 10-15 articles per day, you will start to understand and feel the market after a while, but not earlier than in a month. Then focus on one or two coins and start trading in small amounts

prtty2gal2

hero member

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Quote from: Arz26 on March 20, 2018, 11:30:01 AM

In starting of trading cryptocurrency should be familiarize what kind of companies that have good reputation of exchange of wallet. And make the time and effort that aiming to success the goals and using good strategy.

Learning about companies that can be helpful in your trading is good too but what I think must be done in this regard, before entering into trading you must be knowing about trading. Firstly all the basic FAQs about trading should be answered and only then go for such other secondary information. Basic and primary information must be kept with you when you are ready to jump in.

emmybd

full member

Activity: 1218

Merit: 112

Before trading, you should learn some technical analysis, follow charts of various currencies how they are behaving. Choose which currency you are going to trade and then follow charts of that currency for the past few days and see how it has been behaving, as you have to buy low and sell high. There are a lot of video tutorials about trading and you can find a plenty of them on youtube, you can also search on google and find a lot of information about trading.

OrangeSeller

hero member

Activity: 1008

Merit: 501

Quote from: dayem708 on March 02, 2018, 12:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

Bro, I don’t think asking that question in this forum will in any way help you at all, cause all we will only be telling you here is be patient, don’t be greedy, lol, those things ain’t taking you anyway.

When they add that you need to study everything that has to with trading, then you’ve got a long way to go and it’s not in this forum. Here we can only help you tips. So go and study everything you need to now about trading. That’s my own piece of advice.

Nikkolodeon

member

Activity: 98

Merit: 14

Quote from: dayem708 on March 02, 2018, 12:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

You need to know how to read the charts, the chart used in trading is the candlesticks chart. And there are some patterns that may help you in trading, but take note it is not that accurate. And also read the whitepaper of the coin you want to invest in. Then the most important thing buy low sell High. That is the most important thing a trader is doing right now.

Kunlejoe0

full member

Activity: 518

Merit: 100

First you need to know you are heading to a terrain that is muddy, foggy and very unpredictable! Out of all these situation you get to find diamonds! Trading is very exciting, rewarding and unpredictable! Prepare as much as you can and be on your toez always.

Topic: What I Should Know Before i Start Trading Cryptocurrency - page 7. (Read 1141 times)