Trading Cryptocurrencies for Beginners

[xtinepink]

I am very new to trading and I believe there also someone like me here who still needs helps with this kind of stuff. 

Cryptocurrency trading can be extremely profitable if you know what you are doing but it can also lead to disaster.

So for those who still do not know about trading, I wanna share some of video that I also watched before I decided to start trading. 

@Ashleyyyyy and @Xtinbit I know you both will love this too. hope this helps you both and start trading 

My dear Stakers , You can also share how do you trade or what are your techniques on trading. 

[wilberthh]

Thank you for sharing this sis, I'm new in trading too and this video will help me out for sure!

Goodluck on your trading as well sis

[gougou]

ty for sharing.i never trade anythng.i am so new on crypto;s that i feel like a baby although i am old enough

 

[Xtinbit]

@xtinepink thank you!  will start watching it now!  

[barbaris]

This video was useful for me. I'm just starting to trade and gain experience. Thank you for sharing.

[maverick528]

Thank you very much for sharing the info @xtinepink

I think that if you want to start to trade with few risk, you can start trading in very short periods of time (hours) and with small margins.

Because there are always oscillations in prices every day, if you buy at a low point and sell 5% higher half hour later, you are winning, and its difficult to bust.

Of course you are not going to get the big multipliers that get people that hold for long time, or with good "insiders info".

But doing this kind of trading you learn how to use the websites for buying/selling and the tools available.

And if you do it with a small amount of money, say 50 bucks, its a good hands-on way to learn and with low risks.

 

[xtinepink]

13 minutes ago, maverick528 said:

Thank you very much for sharing the info @xtinepink

I think that if you want to start to trade with few risk, you can start trading in very short periods of time (hours) and with small margins.

Because there are always oscillations in prices every day, if you buy at a low point and sell 5% higher half hour later, you are winning, and its difficult to bust.

Of course you are not going to get the big multipliers that get people that hold for long time, or with good "insiders info".

But doing this kind of trading you learn how to use the websites for buying/selling and the tools available.

And if you do it with a small amount of money, say 50 bucks, its a good hands-on way to learn and with low risks.

 

Thanks for sharing too @maverick528

We really needed some advice lol. Yeah I started to do that, buy and waited actually a day to sell it lol. Doing it one step at a time. ?

[Kargai]

On 10/01/2018 at 3:14 PM, maverick528 said:

Because there are always oscillations in prices every day, if you buy at a low point and sell 5% higher half hour later, you are winning, and its difficult to bust.

5% profit is too low.

1. You need to add the price you pay in fees from the original coin to the one you buy, than to this other one to the original one (often it's from BTC/LTC/doge).

2. You need to add the fess you pay first to send the money on the exchange + the fees you will pay when you withdraw from the exchange to your wallet or in cash.

Most of the time if you sell with less than 10% profit, it's useless.

Of course it depend of the transactions fees (btc is less interesting for that) and the exchange you use