I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?
I'm interested to hear people's stories.
Well for all newbie most people say you just need to buy low and sell high in trading, but the problem how can you know that the coin you buy is in cheap price? You can know it if you multiple times trade it. More in experience ..
its really hard to know if you are just newbie to this kind of trading needed to have move study and do not rely on experience only, it is not because you got lucky ones or if you lose some you can rely on it, studying the flow is very important knowing instances on why or how the price will go up and down is very in need. I'm also a newbie right now and i keep on reading and searching for a better guide to learn more.
Thats the right thing we must learn first and study about trading before we jump into it because if we rush to trading and we dont know what we you are doing then for sure you would lose all your coins. Trading skills and decision making in every trade is very important. Just trade in small amounts at first, practice makes perfect even though you cant make perfect trades always but you would have a good history on making succesful trades.