The first thing you need to get started trading bitcoin is to open a bitcoin wallet. Bitcoin traders are actively seeking the best possible solutions for trading and investing in bitcoin.
Choosing the right wallet is actually important because some of the users are considering exchanges as wallets which is a bad mentality and better to use a proper wallet that gives you full control (private keys) and after trading you should withdraw funds into the wallet.
Minimize trading costs. ...Watch Trading times. ... Make sure to follow Bitcoin News. ... The use of technical analysis is essential. ... Finally, use stop losses.
Minimizing trading costs is not within our hands though but yeah some exchanges have lower fees, but also keep in mind if the exchange itself is trusted. I would rather pay a small extra fee to Binance than trading at HitBTC for example.
Follow Bitcoin news but don't get carried away if a celeb is buying or a big company is selling the coins, make sure you know the decisions are not based on someone else's opinions. Your money, your thoughts and your actions. Lots of guys recently jumped on the hype train of doge coin initiated by Elon Musk but I have a feeling they will fall flat very soon.