How to Start Day Trading Crypto Currency for a Newb

in #crypto6 years ago

Hey Guys,

Today was day 1 in my Journey learning to Day Trade Crypto Currency. I wanted to document my day to help new people learn how to start trading, this is basic but will get you going.

I have been watching a lot of videos and here's how I started:

Deposit: ( Getting your online online) I deposited money to CoinBase ( Super easy process ) buying Ethereum. Ethereum is the next biggest coin behind Bitcoin and not as volatile.
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Trading: ( You can only buy and sell 4 coins on Coinbase, to day trade you need access to Alt Coins ) So I have set up a account on BInance ( probably the top trading site, with a awesome app )and sent my Ethereum from CoinBase to Ethereum for a small fee.

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Wallet: I set up a mobile wallet called JAXX , theres online wallets, mobile app wallets and the most secure being cold wallets being stored on a flash drive. This is were you can store your coins if you remove them from your trading site, not totally needed at first.

So now I'm set up to trade, I watched a few videos about using Binance, how to read all the graphs so I understood what was going on. There's some great videos on Day Trading, take the time to learn the basics.

So I bought some POE in a Dip and Sold on a run, making little money, I will do this a few times for Practice till I feel comfortable and then I'll use a larger $ amount.

It was a good day, start small and build your way up.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.029
BTC 67241.85
ETH 3492.89
USDT 1.00
SBD 2.68