Ninjastic
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Board Trading Discussion
Re: How to start trading with 2 BTC? What is the first step?
by
wxa7115
on 07/12/2019, 19:29:40 UTC
Quote from: milewilda on December 01, 2019, 10:48:48 PM
Quote from: RondoAnyar on November 28, 2019, 06:58:32 AM
Quote from: 60BTC on November 10, 2019, 06:53:22 PM
So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers  Wink
as a beginner maybe you can do simple steps. You can see 2 btc you bought at what price and you can sell today higher than the purchase price or not. if now the selling price is higher than the buy price sell, take your profit and start monitoring the price of the btc until the price drops and buy again. keep repeating the cycle until you really get a profit.
that's a simple step for trading
Yeah a simple buy and sell but...,

It wont really be that simple for sure.It may sounds too easy but on first try you wouldnt even know on what to do. Your target is to enter into the bottom price
and which keeps you waiting and this is where technicals would take place. You should know at least to have these analysis rather than on getting into the market
with pure guess which is typically a gamble. I dont suggest to use 2 btc directly when you are a newbie yet most likely you would surely lose those amounts.
Trading the markets is so deceptively easy that many think that they can make a fortune with relatively ease but once you try to trade for real you realize how hard it is, it is very easy to look at the past prices that you can see in the market and say well if I bought at this point and then I sold at this point I'll be rich by now, but you don't have that information when you are trading you can only look at the price of today and not at the price of tomorrow.

That is a very common error when planning your strategy and it is one of the most difficult to eradicate because people do not really choose a systematic way to trade the markets and until they do they will never make any profits.