sorry for my english.
hi, I'm new to trading and I need advice.
1- I wanted to know what is, in your opinion, the best exchange for live trading. I thought about using Binance.
2- By doing live trading you need to sell quickly, but I think the speed of a transaction is related to the size of the amount.
Selling 1K usd will be faster than selling 10K usd.
So what should I look for to guarantee a quick sale? The 24h volume?
I would not buy and fail to resell due to lack of buyers.
thank you
hi, I'm new to trading and I need advice.
1- I wanted to know what is, in your opinion, the best exchange for live trading. I thought about using Binance.
2- By doing live trading you need to sell quickly, but I think the speed of a transaction is related to the size of the amount.
Selling 1K usd will be faster than selling 10K usd.
So what should I look for to guarantee a quick sale? The 24h volume?
I would not buy and fail to resell due to lack of buyers.
thank you
Firstly you need an exchange with good volume and a good selection as well as a good fee structure. I would say Binance covers these about the best, it has good volume and is constantly growing as well as low fees 0.1% or even 0.05% if you use BNB to pay for fees (you should do this). Bittrex and Poloniex are great for large volume but don't add many new coins and charge 0.25% instead.
You're right that it will be much harder to have a 10k order filled than a 1k order. You should look at the 24h volume and then translate that in to an hourly volume to get an idea as to how significant your order is compared to the market. You can also look at the depth in the order book to ascertain the same thing.