Re: How to start trading with 2 BTC? What is the first step?
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
Don't day trading you will be exposed to a lot of capital gains taxes and complexity vs just buying and holding for long term investment. also Day trading forces you to store your BTC on exchanges which is very dangerous. However you can make a profit with luck But unless you decide to invest the effort in becoming a professional the best advice is not to play, and use the single advantage that you do have that's long time preference and patience over those that are greedy and impatient. when investing in Bitcoin you should always wait at least 3-5 years before taking a profit of wait till the top of the next bull run.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