Post
Topic
Board Trading Discussion
Re: I am confused with trading.Help me out
by
pooya87
on 23/03/2016, 03:41:58 UTC
I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

it is not that easy and "fast" you don't buy and then sell right after.

first you find a low price lets say $400 then you place buy order to buy at $400 or wait and buy when the price is near that. they you place a sell order at a higher price lets say $420 now you wait until it gets filled.

the important part is choosing the low and high prices. and remember that the wait part can be 1 minute to forever.