"Buy cheaper and sell more" - this expression should determine the behavior of the trader at the exchange. Beginners often forget this in a panic, acting in exactly the opposite way.
Algorithm of actions:
Choose a reliable exchange. Reliable is usually large, with large volumes of trades and positive reviews.
Select currency pairs - actually, the object of trading. Currency pairs are two currencies, on the exchange rate of which the trader earns in relation to each other. The pair can consist of a traditional (traditional) currency and a crypto currency, for example, bitcoin / dollar (on exchanges - BTC / USD), maybe two crypto-currencies, for example, bitcoin / etherium (BTC / ETH). If the trader plans to earn on the bitcoin rate against the dollar, he must choose the first pair; if he plans to trade only with crypto-currencies - the second. Beginners are usually encouraged to take couples consisting of a crypto currency and a fiat currency. To predict fluctuations of a rate in such pair is easier at the expense of greater stability of fiat currencies. The pairs for trading should be chosen based on the following criteria. Firstly, the pair must actively trade, that is, there must be many offers of buying and selling on it. This indicates the demand for currency, therefore, the trader will not have to wait long for the buyer. With active trading, the appearance on the market of a trader with a large amount of money will not particularly affect the rate. In pairs with a small trading volume, any large bet of a large player can deploy the course as the player wants. Secondly, it is necessary to pay attention to fluctuations in the rate of the crypto currency (volatility). Strong fluctuations can provide a good income, but for beginners they will provide the same losses, because it is difficult to foresee them. With strong fluctuations, a novice trader should not invest a lot of money - you can invest a minimum to understand how to work with volatile currencies. To earn a newcomer is better to choose more stable currencies.
Analyze the current situation in the market and act in accordance with it. For a beginner, it is reasonable to wait for the price of the currency to fall below the average level and buy it when it approaches the past minimum values. If the moment is missed, you can buy it as soon as the exchange rate has started to increase slightly and is still significantly below the average. With the sale a little more difficult. If the currency does not have a pronounced upward trend, it can be sold when it approaches the maximum. But if it is actively growing - there is a possibility that it will rise above past maximum values.
To study trading tools, as they repeatedly increase efficiency of trading. Take out a part of the earned funds on external purses.