I want to start out trading altcoins but don't know where to start. I don't have much money because I am a student.
Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?
Any help would be appreciated, thank you
Hi, If you want to start trading then that's great news. Like with any other skill this one requires practice and lottsa patience.
If i had $200 to start trading with, I would buy myself some ETH or BTC and move it to an exchange like Bittrex. Of course you know that you need to sign up in an exchange, get verified etc.. Once the ETH/BTC is in the exchange wallet you are ready. I would look for something that has had a long bull run something that is seeing its all time low or a long time low, then i would read about the coin by visiting its website etc. If I feel it is not a runaway company and ....... I would invest a fraction of my ETC/BTC in it and then picka few more. Its a good idea to keep some currency free, just in case the price drops further you can pick some more to average out .. or as you see fit..