Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Kaktus-kun on March 26, 2019, 07:24:17 PM
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Hello, I'm not an expert but hope this would help you
1. Find a known and good reputation exchange. Example: Poloniex at Bittrex. Why?
A. There are many exchange sites that has many pump & dump coins
B. These kind of exchange have a high standard of accepting coins
C. They have huge volume so trades are moving constantly
2. Find and search about the coin you want to buy. Example: bitcoin, ltc, eth, etc.
A. Pick old coins that still exists and active to date
B. High Market Capitalization
C. High Volume in exchange
D. Original concepts and active developers
3. Do not buy at the peak price
A. Check the daily or weekly details of its high and low trades
B. Now the saying "Buy low and Sell High" will took place
C. If possible, buy while it still have negative change status if you know the trending will go up
4. Try not to invest in one coin
A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)
Happy Trading
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Your tips are very helpful for newbies/beginners
and don't forget to start trading do not used a lot of amount or you can't afford to lose it
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Hi, course are available where you can learn the trading. Learning yourself is also a good idea but if somebody guides us you will learn more easily and fast.
Cheers!
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This is a good list!
For those that are trading, what's your "on the bench" currency? Are you resting in Dollars or fiat or something else? And what are you often trading, Bitcoin, Ether, Litecoin?
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Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
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Those are very helpful tips. I want to add that when you enter the trading industry it's important to know the technical terms and information about the market, once you understand them it will be easier for you to trade. I came across this article about Trading Tips for Beginners who are trying to succeed in the trading industry which i find very informative to share.
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fine pointers there RonCar.
My 2 pennies
Pick out multiple markets and read about arbitrage here
A micro and quick intro,
An arbitrageur would short sell the higher priced stock and buy the lower priced one. The profit is the spread between the two assets.
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Crypto trading requires patience and doesn't panic when you see the crypto market being bullish. if you look at the weekly price trend when you want to buy a coin, I think we can see it in coinmarketcap or on the biggest crypto exchange.
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My tip is simple and that is to consider trading as very much a normal business/work. Most people make serious mistake of complicating things, and eventually that’s what leads to their biggest trouble. Hence, if we are to be successful then it is almost must that we ensure logical ways and methods instead of dramatic.
My tip is to make sure you have a sensible plan and execute that properly. I am not an expert and with lack of time, I prefer using Forex Signals but not from any random source instead highly worthy one called Buyforexsignals. They not only are highly worthy but also got very classic system in place.
They have various packages that we can select according to our comfort, and it comes with 30 days guarantee as well. But in case we are joined with Avatrade (http://www.buyforexsignals.com/email-campaign/index.html) broker, it can be used for free. And that is what I use Free Forex Signals (http://www.buyforexsignals.com/email-campaign/index.html) having joined under them.
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Recently I discovered cryptotrading platforms and my tip is here :). It takes not so much time to buy and sell your altcoins on trading platforms because you can set a target and enjoy your free time without interruption. I use Fumgo (https://fumgo.com) and find their interface so convenient that even the newbie will feel as advanced trader. Recommend you to try it!
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Patience is a key factor of trading, self findings and research, observation, never leave your capital/coins on exchange, start with a little capital to avoid huge losses, and also try to watch some tutorial videos to help you more.
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I want to add the other tips for trading. In trading, you also need to avoid FOMO [fear of missing out] and be smart to make a decision. You should have good self-control because if you follow FOMO without wise consideration, then you may get big losses. JUst follow your own research and never be influenced by FUDs and FOMO. ;)