Trading advices needed

[Gorillamp]

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!

[cryptothief]

Your best bet is to research on YouTube and various forums to learn at least the basics before you even get started. There are (basically) three different forms of trading:

Scalp Trading - trading can happen in seconds/minutes, with all trades closed out daily
Day Trading - trading within a matter of hours, with no positions held overnight
Swing Trading - trading over a period of days/weeks
Position Trading - long term investment, holding for months and even years

Some decent YouTube channels are Coinmastery or Chris Dunn's channel.

There are hundreds of resources out there, you just need to get your hands dirty and go looking.

[ZionRTZ]

Great points posted above.
Aside from learning, the more difficult part in trading/investing is handling your emotion,

[BibitBot]

Hi! If you are a beginner, then channels are the best of all to study of course YouTube. Pay special attention to arbitration between the exchanges. By means of this way you earn from a course difference currency between the different exchanges, you buy one cheaper, you sell more expensively at other exchange. As soon as study minimum this subject, come to us! Our boat notifies on these differences and also, we have a free training in this subject! 

[sugarchrisp]

It's a lot to take in, but you'll have to learn most of this the hard way, through experience.  I'll try to give a few pointers though.  It's really important to know when not to buy than it is when to buy, keep that in mind.  Avoid buying anything at all time highs, it's usually a mistake, not always but enough to make it not worthwhile.  Always buy low, sell high.  It's also important to understand that even though something might be down when you invest in it, you only lose money if you sell it when it's down.  I've held on coins for months that tanked in price until the market recovered and I made everything back and more.  Learn to avoid trading with your emotions as well, including greed and fear.  Being too greedy and not selling when you're in obvious profit because you want more profit.  Being fearful and selling just because something is going down in price.  You MUST be logical in this space.  Always do your own research and don't just listen to whatever advice someone says for you, there are many different ways you can succeed and fail in this market.   It's more about protecting yourself than anything else.  Hopefully some of this helps you, good luck and happy trading. <3

[Ashkap97]

Everyone has said great stuff! My two cents would be to never Fomo (fear of missing out) it happens to the best of traders so if you learn how to control your impulses and become a patient trader then you are a good trader. If you want more help with trading and want to join a group of cryptotraders then you can join this group I am in https://discord.gg/HSMHyCy [nofollow]. They have a voodoo library which has a tonne of useful information for traders, some have been mentioned in this post and there is a lot more not mentioned here. It is a growing and healthy community and everyone helps the new people out so it would be great for you I think.

[altcoingamer]

Your best bet is to research on YouTube and various forums to learn at least the basics before you even get started. There are (basically) three different forms of trading:

Scalp Trading - trading can happen in seconds/minutes, with all trades closed out daily
Day Trading - trading within a matter of hours, with no positions held overnight
Swing Trading - trading over a period of days/weeks
Position Trading - long term investment, holding for months and even years

Some decent YouTube channels are Coinmastery or Chris Dunn's channel.

There are hundreds of resources out there, you just need to get your hands dirty and go looking.

Good reply, rewarding karma.... keep up the good work!

[rightway]

My own strategy while starting to learn trading is to buy some altcoins and study the market price movement and with that i learn a lot of techniques on how to become a successful trader in the future.

[marcsymons]

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!

If you want to join trading then first is to choose the best Crypto for you in which i suggest to choose BTC, ETH and EOS. Then join a trading sites in where you can buy coins of your choice then after you own the coins then learn on how to sell them high and buy it low again strategy. All of these could be properly learn using the google in which the internet could provide you all details and complete learning set on how to trade properly.

[inewoods]

You should not start off as trading for a newbie, i advise start off as being a bounty hunter and slowly build up your capital then be an investor.

[Dodo]

Avoid buying anything at all the highest time, usually mistakes, not always but enough to make it worthless. Always buy low, sell high. It's also important to understand that even though something might go down when you invest in it, you only lose money if you sell it when it's down. I have been holding coins for months, which were entangled in price until the market recovered and I made everything back and more.

[Speaker]

On the Internet there is a huge number of books, video tutorials and courses on trade. We need to start with them and try to trade.Without practice you will not learn it.

[Angkoolart10]

On the Internet you can search easily whatever you want to learn and maybe try my post https://www.altcoinstalks.com/index.php?topic=31706.0

[Altcoinstalks User]

My strategy is buying at dips and selling at high. Of course that is difficult to predict. I usually base it on the past and current trends. Amount of investment also determines the amount of risk.

[Speaker]

In a falling market now hard to make, especially for a beginner.I would now advise you to find the necessary information on this forum or youtube. Watch the market, and then just try to trade.