Topic: Need a piece of advice form experienced traders (Read 492 times)
I think there should be analysis and research about the closed market before trading somewhere Because many times it is wrong to declare therefore considering the environment around the Church then it should be traded. That is why one side should be used without trade so if one is damaged then the other will be poured Many bulls should be traded on the exchange side and then traded Otherwise we could lose the money we invested.
Strategy to arbitrage indeed require a lot of time to continuously monitor market prices, This is because there is very little price difference between one market and another, We must be able to put our eyes on market prices so that we are not negligent to take a best moments.
I don't recommend to do arbitrage trading if we are in the unpredicted market because we can feel hard to analyze the coin price movements. And we also difficult to buy at the right time and send it to another exchange. Besides that, we need to think about how long the transaction will be completed so we can sell it directly to the other exchanges. It is better to stick to one exchange until we can see the chance for us to arbitrage into another exchange.
Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?
I prefer to be attached to a market rather than take advantage of other markets when the price goes up or down to buy or sell. however, it is quite troublesome, because we need to move around to sell assets. so far, I have only been tied to one market, but when there is the potential to sell at high prices, I will take that opportunity. I am a trader, so I always aim for the highest profit. 
Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?
of course to make purchases in trading the most important thing I usually do is to decide on the best price to buy it, so that later it has a target to resell when the market price has increased so that the percentage of profit obtained can be satisfying
Yes, I stick to one exchange.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
People having many assets on different exchanges are usually for doing arbitrage, they have many exchanges account and watch the price everytime, and when they see a decent different price from one exchange to another, they will transfer the coins and sell it to another exchange, but this strategy is need really much time to spend to watch the charts between exchanges
Yes, I stick to one exchange.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
People having many assets on different exchanges are usually for doing arbitrage, they have many exchanges account and watch the price everytime, and when they see a decent different price from one exchange to another, they will transfer the coins and sell it to another exchange, but this strategy is need really much time to spend to watch the charts between exchanges
I believe that is true but it is not an easy walk. That is what I meant by that.
You could also lose money here. If you trade at a bad time and the exchange suddenly dropped earlier than the other then it could mean a great loss in capital.
That is all I am saying.
But, if you are really good in it then I think you won't be having any problems about it.
How could you tell yourself you are good in it with this volatile market?
Well, there is no difference when you have a reliable exchange. For example, I use CoinDeal and this is one of the most professional exchanges I've ever used. So, I know that it offers "normal" prices. There is no use changing platform every time when you buy Bitcoin... Especially when cryptocurrency exchanges often offer great profits for their "oldest" users. CoinDeal had a giveaway with free tokens and now, if you have some of them, they can lower your fees. So, it's good to use only one exchange.
I don't know if you're just promoting a certain exchange or you are one of their members and trying to attract traders to use this. But I have to respect with you.BTW, I'm not really familiar to this exchange and I don't want to put any conclusions that it works great or not. And it doesn't matter to me, the most important is we are satisfied enough and really taking care of the trader's funds and having safety assurance, nothing more.
Well, there is no difference when you have a reliable exchange. For example, I use CoinDeal and this is one of the most professional exchanges I've ever used. So, I know that it offers "normal" prices. There is no use changing platform every time when you buy Bitcoin... Especially when cryptocurrency exchanges often offer great profits for their "oldest" users. CoinDeal had a giveaway with free tokens and now, if you have some of them, they can lower your fees. So, it's good to use only one exchange.
I do know one guy that has accounts in many exchanges that he tries arbitrage, I think he uses a bot as well and that dude does make a small amount of money. I think there are telegram bots now that notify you when there is a difference bigger than the withdrawal amount and depending on how much you trade with.
I mean think about it when you have 10 bitcoins to play, the 0.0005 withdrawal fee becomes not that important and I think people get together to make a bigger bankroll and they do it together as well. It is not quite common and it is very difficult to achieve but those type of people who insist on succeeding finally manages it, we the people who just say "it is hard" and give up quickly fail to see the profits that could be made from these kinds of things.
I mean think about it when you have 10 bitcoins to play, the 0.0005 withdrawal fee becomes not that important and I think people get together to make a bigger bankroll and they do it together as well. It is not quite common and it is very difficult to achieve but those type of people who insist on succeeding finally manages it, we the people who just say "it is hard" and give up quickly fail to see the profits that could be made from these kinds of things.
Yes, I stick to one exchange.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
People having many assets on different exchanges are usually for doing arbitrage, they have many exchanges account and watch the price everytime, and when they see a decent different price from one exchange to another, they will transfer the coins and sell it to another exchange, but this strategy is need really much time to spend to watch the charts between exchanges
Yes, I stick to one exchange.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
Mostly Binance.
When I visit other exchanges, I just use it to look for how much my other coins value is.
But when it comes to bitcoin trading, I just stop to one exchanges.
Even if they have different prices the arbitrage is not that easy to get.
Sending from Binance to another exchange and back will just get you dizzy and also fees are need to be paid. Then what? You exchange it to USDT and back? There is no assurance for profit.
Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?
all stock exchanges will not be different, usually if there is a difference in the difference of many people who arbitrate, so the prices of all exchanges are almost the same to buy and sell bitcoin with usd, nothing is different, usually I see where exchanges that have high trading volume I will happy to make an account there because many users certainly look safe to me, another one I usually see from the withdrawal fee, the lower then I will be happy to be there, I have an account on binance 
Even though I am not a pro trader who can make big profits, but you could say I am an experienced trader underwent trading for 4 years.
I will give a little advice regarding arbitrage which in my opinion is not very profitable to do, because doing arbitrage is not as easy as
imagined. Not just buying coins at one exchange and selling it at another exchange. Not that simple, it must also be calculated the withdrawal
fee and also requires substantial capital. Sometimes when we have coins for arbitrage, the prices drop suddenly when coins have been
successfully sent to other exchanges.So this will only waste time, and also we even lost the withdrawal fee. Therefore learning from this
experience right now I only trade in one exchanges, it turns out to be more time-saving and profitable.
I will give a little advice regarding arbitrage which in my opinion is not very profitable to do, because doing arbitrage is not as easy as
imagined. Not just buying coins at one exchange and selling it at another exchange. Not that simple, it must also be calculated the withdrawal
fee and also requires substantial capital. Sometimes when we have coins for arbitrage, the prices drop suddenly when coins have been
successfully sent to other exchanges.So this will only waste time, and also we even lost the withdrawal fee. Therefore learning from this
experience right now I only trade in one exchanges, it turns out to be more time-saving and profitable.
If you are going to chose among the trading sites around, go with the top 10 according to CMC, they are not among the top 10 for nothing. One reason why I stick with only 3 trading sites is because they are trusted by many and the ease of withdrawing funds. If they are going to give me a hard time and wait for a long time like 48 hours to withdraw my funds then I will bring my business elsewhere.
I don't consider my self being an expert in trading but as I've experienced trading, I could find out that it is much better to have at least 2-3 exchanges to have. This serves as an option in which one has a high offer cause not all of them have the same. But we should have to consider its market volume first cause this only gives assurance that our funds could move and we can do buying and selling pretty quickly.
Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?
At first I want to mention that I amn't expert trader and for me no one is expert because trading is halfly luck too.In your case, it depends on situation cause if you really have great deal, why to miss it? But in overall I'm bond with certain exchanges because deals on arbitrage trading isn't really good and personally I prefer to catch great moments rather than every moment.
I bond with certain exchanges cause I don't withdraw money from exchanges very often (a little bit lazy and hate fees) and because of this, security means a lot for me.
Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?
The exchange service you will use to trade will usually be very close to each other in terms of price, so there is no special service to sell at a higher price. The most important factor to consider when choosing an Exchange service is the high transaction volume, because prices with low transaction volume are too late and may react abnormally. I usually use Binance, Binance Dex and Switcheo exhange services.
Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?
I usually stick with one exchange and do my trades there and don't look at other places for the differences. However, my reasoning for that is the fact that withdrawals take too much time and require a lot of money, so even if there is a better offer somewhere else I usually end up with enough loss during the transactions that I don't make any profits at all.
So, I would love to do arbitrage but I can't because I don't make profit while sending money from one place to another, its not like you can send it directly as it is and the difference thanks to withdrawal fee is usually bigger than the difference in the price so its not profitable to do so. I tried it couple times with local exchanges because difference there is higher but even with that it wasn't too much profitable.
Focusing on best rate across exchanges can be profitable if you can find good opportunity regularly... . That's called arbitraging. You could even buy very cheaply from individual sellers on peer-to-peer exchanges and sell higher on normal exchanges or to individual buyers.
Most traders probably have favorite exchange they stick with. Other traders are probably not loyal to any exchange. They switch between multiple exchanges when trading opportunities are found. And this can be handled better on a multi-exchange platform.
Most traders probably have favorite exchange they stick with. Other traders are probably not loyal to any exchange. They switch between multiple exchanges when trading opportunities are found. And this can be handled better on a multi-exchange platform.
I personally always look for the best price when I want to sell / buy my Crypto. But I see rarely have a large price difference. It is better for you to trade not only in one market but trading in several markets that have a high volume, like Binance, Huobi, Kucoin etc.
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