As Coin trading or cryptocurrency trading is potential and a new aspect of finance, this thread will show you 5 easy steps to start your coin trading.
1.Where to buy Bitcoin
There are many Bitcoin Exchange and each has its own pros and cons. Bitcoin price is also different for each exchange depending on its traders as well as the number of coin their traders holding and want to hold. Therefore, choose the cheapest Bitcoin price to buy.
2. Which Coin to buy
Go to coinmarketcap.com - A market capitalization site, and look up for information of the Coin you want to buy, such as Market Identifier Code, price chart in observation, quantity, transactional volume in 24h or 1 week, ...
There are about 700 Coins to choose. Therefore, think twice before putting your bet in one or else you will lose it all.
3. Which Exchange to trade
One coin can be listed on various Exchange. Priority Exchange that has a high reputation, many strong Coin listed and high trading volume. Also, You can buy from one and sell in another. Here is what I recommend: Bittrex, Poloniex, Binance, Kucoin ...
4. Which price to buy at and How many
The art of trading is to buy as lowest as possible. Go for the cheapest and If you cant, them simply looking for others or trade back to cash.
5.Which price to sell at and How many
Predictions and technical analysis are what you need to know which sell price would bring the most profit.
Thats good list up there however we need more than that to get started with the trading. I mean trading is such serious thing and you also need to teach people that how it is done when they are in the field and making the trades or having one open already!
These are prerequisite of the trading and how to get started really. When you enter the market one can get really confused with the volatility of the coins and how they behave with huge volumes going up and down. I would suggest one point from my side and that says "Dont be greedy while trading". If you have gotten the few % of profits then just leave the trade immediately and if you are in loss then close the trade with lowest possible loss.
As matter of fact rest of the points are good one from your side!