First trading experience. - Page 12 - Trading - CryptoTalk.Org Jump to content
josephrioveros123

First trading experience.

Recommended Posts

I am not a good trader, I still don't know how to trade. My first experince was not good, I lost about 150$, however, I want to keep trying and have more profit now, so before I do trading I observing the market and having a patient to wait for the opportunity.

Share this post


Link to post
Share on other sites

My first trading experience was a good one, but later that week I lost a lot of money. So it is not about the first trading experience, it is about the knowledge and experience that matters. That you gain in the first trading does not actually mean you know about trading until subsequent gains. 

Share this post


Link to post
Share on other sites
On 12/27/2019 at 1:52 PM, teminalibug said:

Feeling bad for you but what mistake did you make then with your trade wit doges.

The first experience is important regardless of whether it is good or bad, it gives you direction on what to do in that area, or whether to add new activity to your life.

Share this post


Link to post
Share on other sites

Trading is done under shadow of risk so you have to take the risk and make such decisions but to minimize your risk you should learn all about trading before start it. 

Your trade is too much small but well it is starting and on starting you have to invest little amount of money. 

  • +2 1
  • +4 1

Share this post


Link to post
Share on other sites

My 1st exchanging expertise ended up being very good, I built investigation and buying. I bending our income that will morning. Nevertheless, I after get rid of the bucks. I dealt as being an amateur along with I missing nevertheless We are increasing currently.

Share this post


Link to post
Share on other sites

I made my first trade when bitcoin is on 6600$ and I buy some eth and leave it for long term investment now eth gave me 50% profit in one month this is my first trade because I have no trade experience of daily trade. 

Share this post


Link to post
Share on other sites

If you're doing day trading then yes, constant monitoring of cryptocurrency is really needed. But if you're doing a long term trade, then it is not necessary for you to constantly monitor the price. Monitoring of the price should be done occasionally.

  • +2 1

                                                    BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 

Share this post


Link to post
Share on other sites

I am also a beginner in trading, it was 4 months ago as far as I can remember. I bought 100 XRP and immediately try to exchange it to BTC. At first, it was going well, I was earning even though it's very little. But eventually I got bored in spot trading, so I leveled up my stakes I plan on researching and learning about futures trading. When the time comes when I already learned the basics, I have it a try in the trading app. Eventually, I almost lost all my XRP, but it didn't stop me there. I promise myself to learn more and study more about the basics of trading. You too can do it! :D

  • +2 2

Please rate my comment ❤️

Share this post


Link to post
Share on other sites

I was much interested to become a trader. My dream comes true in last week when I bought BTC with my LTC  coin. It was my first experience in trading and luckily I got profit in my first experience. Because rate of BTC was increased on the same day. 

Share this post


Link to post
Share on other sites
1 hour ago, Qainth said:

I was much interested to become a trader. My dream comes true in last week when I bought BTC with my LTC  coin. It was my first experience in trading and luckily I got profit in my first experience. Because rate of BTC was increased on the same day. 

You must be careful when converting coins to each other. What you did brought you profit because you were lucky. Most of the time, LTC overtakes BTC in terms of price movement and converting it to bitcoin will cause looses. The current situation is an exception in which bitcoin is moving even faster than most altcoins. I think you made that choice without analysis. Switching between coins should be avoided unless you find yourself in a situation that you have to do it to prevent failure.

  • +2 1

Share this post


Link to post
Share on other sites
El 22/10/2019 a las 22:28, josephrioveros123 dijo:

Hice esta publicación para compartir mi primera experiencia comercial y para que ustedes también compartan la suya y lo que han aprendido de esa experiencia comercial.

 

Mi primera experiencia comercial es hoy. Utilizo una pequeña cantidad que puedo permitirme perder. Compré 3 XRP con una moneda de 0.00010971 bits. Y después de que compre eso. Ya pierdo algunos. XRP ya había bajado su precio. Ahora la cosa es esta. Mi experiencia aún no está completa. No vendí mi XRP, pero seré paciente y esperaré hasta que vuelva a aparecer. Lo controlaré cada 30 minutos. Ojalá vuelva a subir. Actualizaré este hilo de mi pequeña experiencia comercial. Lo que aprendí aquí es que la criptomoneda se mueve tan rápido que puedes ganar una fortuna en solo minutos y también perder mucho en minutos. Por tanto, el seguimiento es muy importante. 

You have made a great decision not to sell your XRP because when there is some loss or the market is in the red, they tend to recover their value or even exceed their old value, so do not miss the opportunity to save or sell high, and more XRP which is a great cryptocurrency.

Share this post


Link to post
Share on other sites

Yes my dear friend

My 1st experience is not good about the trading because I have no idea about the trading and which coin are best for me trading... So I buy some coins that's time they work good ... After some time it's value too much go down and never again high... So that's time I lost it near to 50 dollar.. because when I discussed with his friends so they Tell me you invest this coin it's a not profitable so that's time I learned many things about the trading... Always select profitable coin which give you Good benefits...

Share this post


Link to post
Share on other sites

I have been on other trading site for some time the first experience was very bad that i faced a big loss for being unexperienced trader, the trade requires you to be aware of your investment and study the currencies only so you define strategies and percentages of profits and in any case have controlled losses since the market sometimes moves quickly and if you are not attentive you lose the opportunities.

  • +5 1

Share this post


Link to post
Share on other sites

I do not remember my first experience actuay but I think I lost much while started to trade. I got the experience that what people say about beginners are true, most of us just do lose. But, it is still learning process and that is why we need to lose the money we can afford to lose to trade as a beginner. With time, we will a e more experience that can help us to learn more about trading.

  • +3 1

Share this post


Link to post
Share on other sites

Indeed when you are new to crypto there is a risk.  You can lost and you can gain you just have to be patient for to master the strategies and know the jurisdictions guiding the conduct.  

Share this post


Link to post
Share on other sites

My first trading was between DCN with BTC. After winning free DCN, I transferred my DCNs to an another exchange and convert BTC. Finally there was zero money at my account because of high transfer fees. 

Share this post


Link to post
Share on other sites

Am yet to trade ,so have got no trading experience,but I have seen alot of people that trade and it really cool, they got knowledge in it that's why they do it, I wish to be knowledgeable about it someday so I can also trade 

  • +1 1

Share this post


Link to post
Share on other sites
13 hours ago, Cem Kesgin said:

My first trading was between DCN with BTC. After winning free DCN, I transferred my DCNs to an another exchange and convert BTC. Finally there was zero money at my account because of high transfer fees. 

Deal with good coins, but sujch shit coins should have low transaction fee but it would be true if it is an ethereum token,the ethereum transaction fee can make the money worthless if not more than $5. Ethereum 2.0 is set to be on December 1, 2020,it will solve the scalability issue. Try to also trade good coins.  

  • +1 1

Share this post


Link to post
Share on other sites

Hi,

i want to tell you my first trading on yobit than i share with you. i trade on yobit some day ago.i buying talk when price of talk is low and that talk holding some time when ths price is high i sell it to get profits.

  • +1 1

Share this post


Link to post
Share on other sites

Correct, the exchange anticipates that you should think about your endeavor and concentrate the financial standard's to make sure you portray strategies and paces of advantages, and notwithstanding have controlled incident's since the market now and again moves quickly and if you are not careful you lose the odds.

  • +1 1

                                                   BetFury                                                   

🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 

Share this post


Link to post
Share on other sites
21 hours ago, Adrian190 said:

Indeed when you are new to crypto there is a risk.  You can lost and you can gain you just have to be patient for to master the strategies and know the jurisdictions guiding the conduct.  

When someone is expert, there are still risks, but experts gain than losing. But for beginners, you statement is valid, they trade and lose at ease. Their are trading strategies needed and also trading skills required. 

  • +2 1

Share this post


Link to post
Share on other sites

There are several experiences of mine in trading and from the experiences when I bought a Vit share and sold it on the first high, then it rose more and more, but I waited and bought it to decline, then it fell to the bottom more and more and was patient, and after months it returned to the flight and rise more than it was previously, and here I learned that any currency is not a bottom  It falls and has no limits if it rises and flies.

  • +1 1

Share this post


Link to post
Share on other sites

My first trading experience was the Doge coin, which helped me in trading from the very beginning. I like to trade with low coin prices.

Share this post


Link to post
Share on other sites

On first trade i bought a coin with my total balance that cost 50 USDT and then after 2 days it turns into 70 but after a day i open another trade but this time in futures and i lost 50$ which huge amount for me then after that i leave futures trading now only swing trading😂


                                                  BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800

Share this post


Link to post
Share on other sites
3 hours ago, aliniim533 said:

My first trading is lost almost $ 100 in 4 minutes, I replace open position in bad moment. First time the best experience for me, now I know trading is not easy and change strategy when the price still not reach our limit is very dangerous.

Trading is not easy, you did not even went for spot trading, you went for margin. It is easy to think trading can help but we need to make more practice at start than going to what experts are doing. Like you are not expert yet, going for spot trading will be better. Later you will go for leverage if you have experience enough about trading. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Новый GameFi-токен в экосистеме TON — Kitsune          • Переходите в Telegram-бот: @KitsuneTreasury_bot• Подключайте TON-кошелёк• И выполняйте интересные квесты, чтобы заработать токены $KITSUNEНа Fair Launch выделено 35% токенов — это очень много, поэтому награда может быть достойной.Проект Kitsune разрабатывается в коллаборации с платформой для запуска блокчейн-игр Realis, имеющей более чем 6-летний опыт разработки игр и пять успешных игр с 5 млн.Токены $KITSUNE будут интегрированы в игры, выпущенные в формате Mini apps TON.   Ссылка на сайт проекта: https://ton.org.sale
    • Сегодня исполняется 14 лет с дня опубликования легендарного биткоин-оффера от Ласло ХейницаНа форуме Bitcoin Talk он предложил 10 000 BTC тому, кто доставит ему пару пицц (и, как позже станет известно, получил их, что и перерастет впоследствии в День Пиццы или Pizza Day)                                 Сегодня его биткоины стоили бы $670 млн
    • PABLOCASH - это простота и удобство для наших клиентов.  С нами вы не будете тратить свое время.Скорость это про нас.   Контакты:Онлайн чат на сайтеE-mail: info@pablocash.ioWeb: https://PABLOCASH.iO
    • Elevate your dating game with the top site for hassle-free connections. Harmony of intimacy, uninhibitedness with mutual consent Real-life Girls Unsurpassed casual Dating
    • Добрый день, уважаемые пользователи форума! Принимаем заявки на пополнение Тинькофф Cash-in по выгодным курсам.     Контакты: -Сайт: star-change.io-Telegram (через кнопку на сайте)-Почта: info@star-change.io
    • Forex and Cryptocurrency Forecast for 20 – 24 May 2024 EUR/USD: Weak Inflation = Weak USD     The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to 1.0895.   The first blow came on Tuesday, 14 May, from Federal Reserve Chairman Jerome Powell. Surprisingly, after his comments, the dollar should have strengthened, but instead, it faltered. Powell stated that the regulator's monetary policy is currently tight enough to eventually reduce inflation. However, he also mentioned that the Fed is not confident that inflation is rapidly decreasing and that it may take more time to reach the target level of 2.0%. One could conclude from this that the regulator is not planning to either raise or lower the interest rate.   The dollar's weakening at this moment is even more peculiar because Powell's comments were made against the backdrop of strong data on the US Producer Price Index (PPI), indicating industrial inflation growth. In April, this indicator increased by +0.5% on a monthly basis after falling by -0.1% in March (forecast +0.3%). The core index, excluding food and energy, showed growth from 2.1% to 2.4% (y/y).   We can only explain the dollar's decline in this situation with one reason. Market participants were possibly expecting that the Fed Chairman would at least hint that if inflation rises, they need to consider another rate hike. But since he did not say this, disappointment ensued.   What happened the next day seemed 100% logical. The report from the US Bureau of Labor Statistics (BLS) on Wednesday, 15 May, showed that the US Consumer Price Index (CPI) fell from 0.4% to 0.3% (m/m) against a forecast of 0.4%. On an annual basis, inflation also dropped from 3.5% to 3.4%. Retail sales showed an even stronger decline, from 0.6% to 0.0% on a monthly basis (forecast 0.4%). These data indicated that although inflation in the country is resisting in some areas, it is generally declining.   As a result, talks about a possible Fed rate cut this year resurfaced. "These are the first weaker CPI data that the central bank [US] needs to lower rates this year," said Jason Pride, Glenmede's Director of Investment Strategy and Analysis. The likelihood that the rate will remain unchanged until the end of 2024 fell from 35% to 25%, according to the CME's FedWatch Tool. As a result, the DXY continued to fall, and the EUR/USD pair rose. Stock markets rallied, with the S&P 500 and Nasdaq reaching record levels. There were 43 new 52-week highs and no new lows in the S&P 500, while the Nasdaq had 153 highs and 25 lows.   The dollar's weakening was halted by comments from Fed representatives at the end of the week. Minneapolis Federal Reserve Bank (FRB) President Neel Kashkari stated that he is not confident that the current "tight monetary policy is having a dominant effect on inflation, so interest rates need to be maintained." New York FRB President John Williams said that one positive inflation report is not enough to neutralize the negative impact of the previous two, so it's not yet time to expect the Fed to start lowering rates soon.   As for the common European currency, Reuters writes that it is resisting a fall to parity with the dollar (1:1) due to a favourable economic backdrop and the monetary measures of the European Central Bank (ECB). The six-month low for EUR/USD was recorded on 16 April at 1.0600, against the backdrop of the Eurozone's fragile economy and in sharp contrast with the stable US economy. But gradually, business activity in Europe began to recover, and according to the April report, it grew even faster than on the other side of the Atlantic. This contributed to the positive dynamics of the euro. Reuters experts noted that the gap between economic indicators in Europe and the US is narrowing, providing some support to the euro.   EUR/USD closed the week at 1.0868. As for the analysts' forecast for the near future, as of the evening of 17 May, the majority (65%) expect the dollar to strengthen, 20% foresee further weakening, and the remaining 15% took a neutral stance. All trend indicators and oscillators on D1 are 100% coloured green, with a quarter of them signalling that the pair is overbought. The nearest support for the pair is located in the zones of 1.0815-1.0835, then 1.0710-1.0725, 1.0665-1.0680, 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are found at 1.0880-1.0915, 1.0965-1.0980, 1.1015, 1.1050, and 1.1100-1.1140.   The schedule of the most important events for next week is as follows. On Tuesday, 21 May, US Treasury Secretary Janet Yellen is scheduled to speak. On Wednesday, 22 May, the publication of the minutes from the last FOMC (Federal Open Market Committee) meeting of the US Fed is of particular interest. The next day, as usual, we will learn about the number of initial jobless claims in the US, as well as receive preliminary data on business activity (PPI) in Germany, the Eurozone, and the United States. At the very end of the workweek, on Friday, 24 May, we will learn the GDP data of Germany for Q1 2024.   CRYPTOCURRENCIES: Weak USD = Strong BTC   "A week of reflection and uncertainty": this is how we described the previous review. On Wednesday, 15 May, this uncertainty was resolved in favour of the crypto market. As often happens, the reason for this was the Fed's monetary policy. The released inflation data in the US influenced market expectations regarding a rate cut. As a result, the American currency weakened, the DXY index went down, and investors' risk appetites increased. Stock indices reached historical highs, with the daily gain for BTC/USD exceeding 8%. ETH/USD also rose by 4.5%. However, this is not yet the long-awaited Bull Rally, and it is quite possible that once the situation with the dollar calms down, the growth of bitcoin and leading altcoins will cease. At least, this is the scenario many crypto market specialists predict.   According to Capriole Investment founder Charles Edwards, bitcoin is in a "deathly boring" stage. He believes that the current consolidation period may last from one to six months, during which the quotes will remain in a low-volatility range. This will continue until traders lose patience.   Sentiment will be most negative just before the end of the flat period, Edwards believes. "When you get tired of the sideways movement, common symptoms will include thoughts that the halving is already priced in and the bull market is over. […] Your symptoms and shorts will peak just before the mega-rally," predicts the head of Capriole Investment.   Galaxy Digital head Mike Novogratz also spoke about the consolidation of the crypto market, whose growth dried up three months after the launch of spot BTC-ETFs. In his opinion, until new circumstances or events lead to growth, the first cryptocurrency will trade in the range of $55,000 to $75,000.   Analyst Rekt Capital expressed a similar point of view. He believes that the threat of a bitcoin price drop after the halving has already passed. Drawing an analogy with the situation six years ago, he suggested that on 01 May, BTC hit a bottom around $56,000, and now calm will likely prevail until autumn, with the asset remaining in the accumulation zone. According to Rekt Capital's forecast, the exponential growth phase will begin in the autumn, during which the coin's value will reach new heights.   Bitfinex crypto exchange experts are somewhat more optimistic. They believe that the current lull may last only until the beginning of summer, and in Q3–Q4, growth will return. But everything depends on the actions of the US Fed. Bitfinex notes that the decline of the US currency from a six-month peak after the May meeting of the regulator and a weak employment report became a turning point in the trend. Now, the reduction in inflationary pressure in the US has been added. As a result, the weakening of the US currency could stimulate a rally in digital assets.   Where will this rally lead in the medium and long term? There are many answers to this question. Some predict the complete collapse and oblivion of bitcoin, while others insist on a price of $1 million per coin. Recently, Jack Dorsey, co-founder of Twitter (now X) and head of Block, joined the "millionaires' club" after CMCC Crest co-founder Willy Woo. He also expects bitcoin to surpass the $1 million mark by 2030, after which it will continue to grow, challenging traditional fiat currencies. The entrepreneur noted that a very interesting aspect of digital gold is the nature of its ecosystem and how it stimulates collective efforts to improve the network. "Aside from the founding story, the most amazing thing about bitcoin is that everyone [...] who makes any effort to improve it makes the whole ecosystem better, which drives the price up. This is an incredible movement. [...] It has taught me a lot," he explained.   Businessman, writer, and founder of Edelman Financial Services Ric Edelman believes that traditional international investors will do everything possible to diversify their portfolios. And if they all invest at least 1% of their funds in the first cryptocurrency, the bitcoin market volume will reach an unprecedented $7.4 trillion, and the asset price will soar to $420,000. The growth of the market capitalization will be facilitated by spot BTC-ETFs. According to Edelman, they cover a much broader investor base than traditional assets. "In addition, crypto ETFs are incredibly cheap. They are 20-25% cheaper than assets on Coinbase or other crypto exchanges. Plus, they are held in brokerage accounts. Bitcoin ETFs allow for traditional investment strategies such as rebalancing and dollar-cost averaging. There are also tax advantages," Edelman lists the advantages of such funds. "I am confident that bitcoin and ethereum ETFs will have a significant impact on the market in the long run," he stated.   However, this last assertion can be disputed. While BTC-ETFs are a reality, the situation with ETH-ETFs is not so simple. Many expected the SEC (Securities and Exchange Commission) to approve applications for the launch of ethereum funds in May. But this has not happened yet. Moreover, Bloomberg analyst Eric Balchunas and securities lawyer Scott Johnson believe that the chances of approving spot ETH-ETFs are almost zero. In their opinion, the SEC is now considering the possibility of rejecting these funds' launch based on the fact that the applications were submitted with violations, as the fund shares are securities, not exchange-traded commodities. The question of choosing between bitcoin and ethereum confronts many investors. The roles of these two cryptocurrencies differ, and this can significantly affect their profitability. Bitcoin is increasingly seen as digital gold, providing stability during times of economic uncertainty. This concept is supported by the observed post-halving volatility decrease, which was even lower than that of many companies in the S&P 500 index (Fidelity data).   Ethereum continues to push the boundaries of what is possible through technological innovations, including the recent Dencun update aimed at reducing fees and increasing scalability. However, these changes have once again made the network inflationary, nullifying the deflationary trend established after The Merge in 2022. As a result, ETH's volatility remains higher than BTC's.   According to ChatGPT, the artificial intelligence from OpenAI, the choice between these assets largely depends on individual investment strategy and risk tolerance. Bitcoin is generally better suited for investors seeking a relatively safe store of value and those new to cryptocurrencies. In contrast, Ethereum is better for those who believe in the future of blockchain technology. The main altcoin potentially offers higher rewards but also higher risks.   Investor and Eight founder Michaël van de Poppe has already made his choice. He admitted to selling all his bitcoins to buy altcoins. Van de Poppe believes that many of them are undervalued. And as soon as ETH prices start to rise, other alternative tokens will also go up. The expert believes that the altcoins he has chosen are likely to start growing earlier and faster than the market leader, allowing for greater profit than from investments in digital gold.   At the time of writing this review, the evening of Friday, 17 May, BTC/USD is trading at $66,835, and ETH/USD at $3,095. The total market capitalization of the crypto market is $2.42 trillion ($2.24 trillion a week ago). The Crypto Fear & Greed Index has risen from 66 to 74 points but remains in the Greed zone. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Добрый день уважаемые форумчане!   Дуров заявил об успехе Notcoin. Что это значит для криптовалют в Telegram   "В четверг, 16 мая, крупнейшие криптобиржи, включая Binance, OKX и Bybit, провели листинг токена NOT игры Notcoin. Игра существует в виде приложения внутри мессенджера Telegram и с момента запуска в январе собрала более 35 млн игроков, которые конвертировали игровые монеты в токены. На старте торгов цена токена доходила до $0,37, но уже несколько минут спустя зафиксировалась на $0,01. По данным на 17 мая 20:00 мск, NOT торгуется по $0,007 в паре со стейблкоином USDT на бирже Binance при капитализации более $700 млн"   Хотели бы увидеть на нашем сервисе направление с монетой NOT?
    • Оптовые закупки прокси?Предлагаем выгодные условия для крупных заказов. Прокси для всех – от стартапов до крупных корпораций!🥰 Сайт🙂 Телеграм❤️ Вконтакте 🤧 Поддержка 🤩Твой промокод CRYPTO_LAB
    • Уважаемые, пользователи! Мы работаем ежедневно с 10:00 до 22:00 (МСК) Напоминаем Вам, что мы обрабатываем такие запросы как: Крипта - Наличные RUB в любом городе по лучшему курсу, на данный момент на сайте отображены города Казань и Новосибирск, в скоро времени добавим больше направлений, где вы сможете получить наличные за крипту.   С уважением, обмен-сервис Finansovich exchange.
    • 18.05.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.4% (Мы доплачиваем) USDT  +1.4% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.6%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  +3.4%  USDT   +3.4%    Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
×
×
  • Create New...