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.
Your points are useful and will help the beginners as guide for trading and avoid mistakes but i would like to add on some more relevant points for trading which you have outlooked like do full research about the particular coin in which you want to invest and keep an eye over it's growth. Gain knowledge and experience side by side learning from your past mistakes trying to avoid them. Control your emotions like don't get easily panic and stay calm in dump situations also. Have patience and big heart in this market which will help you a lot to gain profits.