Topic: newbie with newbie questions (Read 534 times)

- Simply buy low Sell high 

1. Binance, OKX, Kucoin - It would vary depending on the coins that im trading because there are ones which arent listed on a specific exchange platform. This is why i would really be
needing to jump into another place but most of the time i do really hang on with Binance which i do mostly be trading up Bitcoin and some top alts like ETH or any other
as long i do see some good entry then thats the indication on making such position.

2.DYOR - Dont make yourself that easily believe with those signals been given out by certain groups or individuals. It cant really be just giving out that kind of significant
benefit for you but rather it would really be stirring up your mindset. Always stick on your own and would really be that focusing into it and the most important thing is
that dont make yourself on rushing up on things because this is where mistakes do usually happens.

The most reliable CEX that I used to use for trading was Binance. I said was because there have been some issues with the SEC and things are not on the better side yet. Well if you are in the USA this should be a problem to look out for. If not, you are good with it although anything could happen at any time. Another reputable centralized exchange is Kucoin. Also, I heard about MEXC but I haven't tried it out yet. So you can choose any from them. Or if you want to choose DEXs, you can do that too.


Never depend on signals or copy trading as a beginner. Learn the process on your own and do it on your own. This is important because if you become dependent on them, you are most likely to learn nothing about trading from them. You can use them to compare your analysis for better results and understanding.
And why pay those who know what is real or scam when you can do it on your own? When you are learning to trade, do the long trading. It will help you to understand the process as you are dealing with more data and time. Never go for quick money. Stick to your learning and strategy. If you follow this and keep working on your trading strategy, you can become a good trader. It takes time for sure but it is 100% worth it.

I'm highly intrigued by Kraken's trading platform, primarily due to its robust regulatory compliance and accessibility to most residents of the United States. This is particularly appealing to fellow forum members who, like me, have limited experience with the exchange. Nonetheless, it's worth noting that Kraken offers a smaller selection of cryptocurrencies and maintains stringent security measures.

If you are looking for an exchange, then I can suggest you to use Binance. It’s one of the oldest exchanges available on the internet. Moreover it’s trusted by million of users. They do require KYC in order to trade, so yes if you are comfortable with that, then go for it. Moreover it’s very user friendly and you can easily trade on that platform. Regarding the coins, then yes traders do some research about particular coins and track their charts, once the price is down they purchase it and trade with it.

OP, everyone here trades crypto based on different knowledge and expertise, some do it by spot, margin, futures, what is certain is that crypto trading knowledge is needed before doing it.
Exchange, for me there are two Binance and local.

No, only Bitcoin is considered for trading.

All social media cannot be used as capital for trading, telegram is worse, a nest for fraudsters.

Yes, analysis can be useful in crypto trading, it is good basic guide to crypto trading, spot method, currently better for me.

Demo accounts are definitely way to go if you are not doing a good job with real trading. There are a lot of people who are still not certain about what they are going to do and I think it is important to make it work one way or another. I know that it is going to take some time, but if we do the right thing then we should be able to make a profit out of it. I know that it is not that simple but we could end up with a good return from it.

I hope that it gets to a  point where we could make some profit when the time comes and it is going great. I know that a lot of people do not have any type of benefit from it, but that doesn't mean that we are going to end up with a result that would be profitable, we should be making it easily after learning a bit.

In trading I think you can never make a real profit if you don't have any risk management in place, the profit may be there but the losses will definitely be higher than the winnings because there are no limits that you apply. As a trader, risk management seems to be a must-have thing, such as stop los and take profit, but I say not only that, because besides that you also need a strong mental and psychological, it is very important because it's useless if you have a good strategy but can't use it properly because your mental and psychological are always opposite for example.

So the point is that in trading anyone must have the right plan before they enter the market, remember the market is very volatile and you will be easily fooled there, so use a plan that you trust with some restrictions there as I said earlier, namely stop los and take profit and also train your mental and psychological because it will be very useful for making the right decisions. So by doing this at least you will be able to minimize some losses and also so that you avoid the name MC.

Risk management?

Kraken - Good site for US traders

BTCC - Good site for US traders looking for futures and leverage trading. Great signup bonuses

Binance - Probably the best overall crypto trading site but doesnt allow US traders

Bybit - Great trading platform for perpetual trading. Great signup bonus

Bitget - A new upcoming and challenging platform. A lot of focus on copy trading

MEXC Global - Appreciated for high non-KYC withdrawal limits

Any site can fail for a numerous of reasons, self-custody is always the number one choice to store you cryptocurrencies.

It's best as a beginner to start by looking for more new knowledge after using a demo account. For some people, this will work, for others not because of the emotional aspect of trading. With the demo you don't feel much because it's not real money. These are definitely not the same, but it helps to understand the principles of trading. Then you need to learn the psychology of trading after you use real money.

If you don't treat a demo account the same as real money, there's no hope. If you can't do it with a demo, you can't do it live. Hopefully this will serve as a warning to anyone new to starting trading. You will be truly delusional if you still believe otherwise.

I'm an investor and equally a trader, therefore I don't depend on anyone or any telegram group signal to carry out my trades, therefore Before I began trading I first started learning the basics rules about trading and anyone who wants to trade should first learn before engaging in trading as it involves some kind of risk. As a newbie, you should try investing in Bitcoin first, and ensure you do your own research before making any investment decision.

Well I agree with you, there is nothing wrong if you join the demo competition, because obviously you will not spend anything as capital because it is just a demo competition. In addition, just think of it as one place to test something that you have gotten from previous learning, or maybe that way you will be able to find out how far your knowledge and knowledge in trading. if you win in the competition, it does not mean that you are an expert in trading because even a professional trader still has to continue to learn to develop his skills, that's because the market will continue to run and very volatile. So the point is there will always be new things that appear in the market, so you have to keep learning to balance your knowledge and skills.
Trading on a demo account with trading on a real account is very different, and the core point that distinguishes it is our perspective in doing it, you win on a demo account is easy but for the real account it is obviously very difficult because you have to balance the knowledge with the psychological mentality that is in yourself in order to make the right decision.

I will always recommend binance to anyone that sort my advice on which exchange to use base on the fact that it the largest and most secure exchange, since it's the one I use anyway.

Concerning trading, there is no perfect system, it's only advisable to trade with a system that makes you more profitable.

As for me I do price action trading, it's a system that trade without indicators, you only react to the market using support or resistance, candles stick and chart pattern and,
Note; without proper risk management you can lose all your profit and portfolio in a single trade.

So if you want to go into trading, first of all invest in knowledge so you wouldn't be a liquidity provider while your homies are cashing out.

If it is a demo trading competition held by Bitget on their exchange and if you yourself have never tried any trading method on another exchange before, then it would not be wrong for you to try the demo trading competition. But I would rather advise Newbies to read and learn to understand the market and several other major exchanges before carrying out any trading action in it, but if the demo trading competition doesn't have to involve a certain amount of money as capital, I don't think it will be a problem for anyone to take part. Including yourself too if you feel more comfortable and don't burden you as a newbie.

These are way too simple questions that should not be answered here because every person will respond with what they think the best but they will not be able to make it easy to understand for OP since he is a person of his own and our answers are based on our own past. I think OP should google these, he should go check the results of the google searches, read the answers, check the logic behind the answers and then he can make a case for himself and understand how he should do it.

This is mainly for the second question of course, first question is exchange, and that's always debated and you are not going to get a "right" answer for that, Binance is the most used one and there are still people who hate even binance.

Well right, most of the newbies will come because they are lured by the benefits that are there, they come with great ambition for a profit, it is not uncommon because it could be that they come because they have initially seen the great benefits that are obtained by others or some influencers, so it is only natural that they come for profit. Quick profits are what they want, and as you said day trading now dominates them should they want to know the results quickly. Honestly, I used to be like that too, I came from a place of ignorance and only knew the big profits, and when I tried it, it turned out to be not as sweet as I imagined. So that's right, I like to not prohibit them from coming because they are interested in profits, but in addition I hope that before starting they first look at the various risks that are there and learn everything. Don't act silly by relying solely on luck, because obviously the answer is that losses will dominate. Learn everything there is, there are many books you can read. In trading if you want to make a profit then you have to take risks, and the only way to minimize risk is to learn more about the various possibilities that can harm you.

I'm also a newbie and tbh I appreciate your stand on trading cos rusty skill can bring about huge lose. I have also scan through this thread with various platforms suggested but I think the  Bitget demo trading competition seem appealing and an opportunity to test one's trading skills.

What do you think?

Newbies are always attracted to making quick profits and that is why they always go into day trading even when they do not know how to trade. It is not bad to trade and I do not also support that newbies should totally forget about trading. They should first learn before trading in order not to lose money. This is a very good time to buy. Anyone who buys now can make as much profit during the bull run as a day trader. Whatever you do, make sure you are not losing money unnecessarily.

No not mine, but I'm considering entering as a team. I found out the chances and rewards are higher entering as a team, i could also secure more as the team captain

in trading exchanges that are used should be giant exchanges, thus increasing the security of our funds, and for signals, I use personal analysis, it hasn't produced good results for now, but I enjoy the process, because I believe one day I can live from the market . for those of you who are beginners I suggest not to rush to make money from trading, but to learn from many sources and enrich your knowledge about trading so that in the end you can also enjoy the process until you are successful later

you are on point and that's why I stick to the principle of using any amount you can lose to trade cos practical trials and errors is a very good way to start learning and developing trading skills. Anyone giving signal is human who can make a wrong call anytime. So it's better to be accountable to your own mistake and learn from it to become better. Demo trading features could be another interesting features to explore.

Let me emphasise on the signal aspect, because its very obvious that signal can be achieved through a group or if you are knowledgeable enough you can make use of graph chart of market to know when the market is promising or when the market is against, so therefore the movement of candle sticks determined if the market is promising or not, because I believe that those people that gives signal is not hundred percent accurate and they are not dependable, but if you acquire the knowledge of trading both manually and with Internet you can as well predict well by mastering the movement of candle sticks of the chart

Yeah, exchanges plays vital role in trader's success particularly ensuring healthy liquidity for better trading experience.
BTW is that your current team or are you joining the team?

Yeah you're right. but the demo trading is what has my attention atm cos the unending bear market isn't funny on my PF.

Exchanges play a vital role in deciding the level of success a trader reaches, so it's important to be selective and be clear on the criteria they must meet for you. I understand your chioce of exchange since they meet your criteria, interestingly I found this event ongoing on the exchange, https://www.bgportable.com/en/events/kcgi/spot?teamId=1409&uuid=8481325457&clacCode=TXHH78Y7 KCGI trading competition one of the top trading competitions in 2023

Hello, to choose an exchange, you'll need one with low fees and ample liquidity, plus access to a good variety of coins to trade. Bitget fulfills these criteria for me but sometime I also explore  other top 5 centralized exchange particularly if the coin I want to trade isn't available on my preferred exchange. As for the second question, I check the volume profile of coins within the past 24 hours. Then, I proceed to Coingecko/CMC to see if there's any news related to the one that gets my interest. I'm more of a daily trader because I don't have the patience for swings, ahah. Therefore, I use the 1-hour to 15-minute timeframe for analysis.

P.S. Relying on signals can slow your development as a trader. Remember to DYOR.

You’re probably having this objectivity towards trading because you’re well aware that good traders make a lot of money and this has driven your caution from the fact that. You could be met with a lot of loses by taking bad trades or not being well grounded on trading. This has been the case for most especially newbie traders and I don’t mean newbies as on the forum but, newbies to trading in general. It always gets the most of you and so your question.

You can trade on virtually almost any exchange but the top of it all has been Binance. You have Okx, Bitfinex, Huobi, Coinbase, Kucoin and the rest of them. Still, you’ve got to study the platform that could give you the right leverage before choosing one.

Know that trading is something that takes time to master and as such, you don’t have to go into trading if you are dependent on signals. Your always better of generating your own signals and that would mean, you getting to study all you could of trading and best your strategies to making profit off the market.

I try answer as possibility based on my knowledge with OP question, first for exchange market I have active on several kinds exchange from Kucoin, Binance, Huobi and Gate io but most active for trading I use Binance. You can trade many kinds coins in Binance and don't forget to submit or verify KYC firstly before depositing fund and trade coins there. For processing fund to be fiat or cash money have ability trade trough P2P and sell your stable coins there without need withdrawing to your country exchange market.

For signal, I don't think worth for joining signal telegram group what ever kinds is paid or free telegram channel because not guarantee with their signal sharing worth based on their prediction, better research by your own self when trading in any coins.

As a newbie you need to know everything and then trading later you can be successful. So you must first analyze the market judgment so that you can profit in the future accordingly.
Binance is one of the most popular exchanges you can start trading here most of the investors trade here.
If you think that trading is very easy then you would be wrong because you definitely need skills to trade. If you can't do good analysis about the market then you can never make profit but face loss. In that case you should always take advice from those who are successful in trading before starting trading then you can easily make profit by trading.

My answer for this is not to rely on signal, maybe sometimes you can but you need to verify it from your analysis.
I tried before  joining on a signal group and they provide free signal, but for me, I also analyze why the come up on that trade and especially because they also explain why they come up on that trade, it's a signal but at the same time you get lesson, you can learn.

Glad to hear that you actually have a lot of experience in trading. And it seems you're a pretty careful person. And that is an important point that all of us must always have before doing anything, including before becoming a crypto trader. Learn more beforehand and have thorough preparation. So that it can make us able to minimize the level of losses in trading activities later. But most important after insight is experience. And yes the crypto market moves fast and trading is active 24 hours a day. So it is also important to manage our own time in carrying out trading activities.

If you learn how to trade in the right way without been too desperate to make quick money,  learning more about the Market will not be a problem to us and all we shall care about is to learn more and earn more because we have the passion for it.

There are some persons that have thought that trading is very easy and when they got into the business they will become surprise with loses as a result of not having enough skill to understand the market. We don't need a signal to trade the market, once we can analyse the market, understanding how everything works will not be a problem.

There's no magic in crypto trading and all the successful crypto traders you see achieve their success through hard work and dedication.. You can read the  trading Discussion to learn through the forum user post.

The exchange someone uses may not be good for people from your location based on legal and tax regulations that have to do with your country or jurisdiction. I will advise you to start trading with an exchange that has a good user interface and trading experience

No signal is reliable and you also need to be careful of getting information through Telegram. What you need is to first understand the concept of the crypto market price, things that influence price, technical with fundamental analysis, risk management, and choose the right exchange and the right coin. After all this what you need is continuous learning because things change in the market. If you can master everything I just said it will help your crypto trading journey.

Each of us has their own preference. Maybe for you it was HODLing but to him and to others, it was trading. Binance is the biggest so obviously a lot of traders/people are using it but there are still other exchanges out there which are also trusted and have exciting features which are not found in Binance. We shouldn't be afraid to try them as well.

In trading, it was usually the technical analysis is the one that is being used the most rather than the fundamental analysis but I think both can be helpful for us so why not? Learning things can take time if we are a slow learner but it's okay, at least we don't rush and don't take learning seriously as that can be a hindrance to our success here in trading. The picture that you attached seems bias. I don't think Holding is that easy. The pic that I have uploaded below ⤵ must be the true illustration of HODLing.

I trade on the crypto market, the method is definitely the same as most other crypto traders. Because if you take it simply, to trade in crypto, basically buy when the price goes down and sell when the price goes up. This is the basis, be it in the short term, medium term and long term. But if taken in detail, trading on the crypto market is indeed quite draining. Because it requires analysis (fundamental, sentimental, and technical) of the crypto asset that you want to buy.
For now I use exchange or market binance. The reason I use Binance, is because it is currently the largest crypto exchange in the world, and has a very large trading volume. So if it's a matter of trust and about the features in it. In my opinion, Binance is very reliable and the features in it are very complete.
What you mentioned is called copy trading, and you can indeed find copy trading, one of which is in the Telegram group. But to enter the group, you must pay in advance according to the amount requested by the group administrator. And as for the results, I also don't know for sure, because I've never tried it, so I just know. But most likely using the copy trading platform, in my opinion it is reliable. That's because the platform contains people who are experts and competent in crypto trading.

There are lots of exchanges that you can use when trading, but make sure you are using a reputable exchange. Don’t trade on exchanges with low volume, most of the exchanges with low volume are full of shitcoins and pump-and-dump coins, which can easily trap your money. Also, anything can happen to the exchange at any moment, and you might end up losing your money. I'm not saying exchanges with high volumes can’t also disappoint their customers, but it’s better to use exchanges with high volumes than ones with low volumes.


I don’t get my signal from anywhere. I do my analysis myself when trading, if you want to be a real trader, then learn to do your analysis yourself and don’t depend on any signal from anywhere. Most telegram groups providing signals are just fake, they are just trying to make money because you will be asked to pay before you can be added to the group, and they will end up providing fake signals. So you should make sure you provide signals for yourself, you don’t have to allow anyone to make decisions for you, especially when money is involved.

Guys thank you all for great advice. Yea well I graduated from Economics at the University but of course they don't teach you anything in schools, just how to work at the bank and calculate interest rates. I registered at eToro in 2009 and did some copy trading but lost, so I stay away from it. Then started studying Forex in the times of virus lock down  since I didn't have anything better to do, but didn't go further that Demo. Now same with Crypto in the last few months getting knowledge about it, learning the rules still on Demo.

you can use your local exchange that accepts your fiat withdrawal. for beginners, it helps you more. so you can make a deposit from your bank account to the exchange.
I use Binance to trade, although I have reduced my trading activity at the moment.

you have to choose the right asset, each trader may have their own way of selecting assets. even some only trade BTC/USDT. There is a goal for every trade. such as taking daily profits or growing accumulated assets.
I once followed the signal trading channel. but now I don't trust signals much. it does not help you instantly to get profit. just manage your skills first.

1. Use well known exchanges. Don't store your coins there for long term. If you are done trading, send it back to your own wallet where you control the keys. No matter how "well known" the exchange is and how much they boast that they are fully secured and insured, there are always chances that the exchange might get hacked and you might be left with nothing.

2. Go to coinmarketcap or another similar website. Look at the marketcap, volume and other parameters. Decide for yourself. Don't join those "telegram" groups. They will most likely scam you or shill you into investing in some shitcoins that they will pump and dump.

I am a trader but not well trader. Bit i am profited from trading. Training mainly depend on market analysis and greedy controlling and fresh mentality etc i think. And to be a good trader we need huge knowledge about trading. So mainly you need learn properly about trading.

1. I am using Binance exchanger. It is best exchanger in the crypto would. You can create a account on Binance and complete KYC. Then it will be very secure for your valuable fund. Huge volume in this exchanger.

2. And i don’t tell you to follow any signal. I think you need huge knowledge and experience about trading. Own decision is better for trading i think. I also take decision myself. And getting profit from trading. Basically future trading is comfortable to me. And sculping is better i think.

Overall i will tell you to gather knowledge about trading. Learn more and more about cryptocurrency market and trading then you will understand all trick about trading. And you can study about it on this Forum it will be very helpful for you.

This is a very important topic discussed, I use Binance and kucoin Exchange.  But I am very comfortable with Binance Exchange.  There are many exchangers in Cryptocurrency but I trust Binance and it seems very reliable to me.  No one can give correct signal in cryptocurrency which will definitely bring you income. Don't rely on any telegram group for trading information as most telegram groups give fake news.  To start trading you must first have your own knowledge and you have to do a good analysis and then you trade with the advice of an experienced person.

As a newbie, I will not advise you to start up your cryptocurrency journey with trading because it may look discouraging if you try to trade and you keep losing, maybe in a few times, because you may have not gotten enough knowledge about trading. So I will just advise you to start up your crypto journey by buying some amount of Bitcoin and starting to hold it before you start your trading journey, so that can be as your backup.
 
Know that trading is very risky, and it seriously requires good knowledge before you can be a successful trader. It also requires dedication of time because you will always do great analysis before you can buy the coins to trade. and looking for signals is not a advisable because almost all those signals always lead to wrong information, and again, you have to pay for it before they give you the signal,so the best way to trade is to get proper knowledge about it and not to rely on anybody.so as newbie it may tak them more time before they the proper knowledge, which I believe it many of them can't wait and trying trade will not proper may lead to loses of funds.

I used Binance most of the time, and sometimes mexc and more. But stayed on Binance like what I said. For now I don't know in which category I belong because for what I did so far is that when I have the excess money, I bought some of the altcoins that has the potentials in the future. And most likely these coins are on top in the market.

Where I knew when Bitcoin kick its price value in the market these cryptocurrency I bought will surely follow the increase of Bitcoin too. i've seen this several times of Bull run so meaning this will happen its repetition again in the near future.

You can use Binance; this is the most known right now, and most people I know are using it. With the other question about signals, most of the people here are not relying on signals, as they have their own strategy. You won't learn anything if you just rely on signals; you are just making them rich. Just imagine they sent you a signal entry on this price, but you don't know or understand why. It is better to learn it on your own, have a friend coach you, or find a forum about trading that you can ask questions on.

The choice of the exchange platform is of course a reputable one, which won't charge you a lot for a small mistake. At this point, I assume you want a full-featured, active trading platform which today verification might be an indispensable requirement on major exchange platforms.

Determine for yourself by looking at coins with high trading volume and liquidity, you should also confirm that they are by referring to other platforms. Be wary of some shady platforms trying to play fake volume and order numbers.

You can find the list of exchanges here: https://coinmarketcap.com/rankings/exchanges/... They are listed according to rank, and those that are ranked high are the most reputable exchanges. As for trading signals, I suggest you stay away from them if you want to learn and improve your skills. As a beginner, it's important to learn the basics of trading, and you can educate yourself for free using various online platforms. One good example is YouTube.

Just take it slowly as being realistic would lead to more success than just being optimistic without using your experience to succeed.

I am not basically a crypto trader but the advice I would give you is that you should first be well experienced in trading. OP since you are a newbie you need to learn as much about trading as possible so that you don't face losses. You should first start with a small amount of money before starting trading so that you don't go broke if you face losses. And when you start trading you should never take telegram group for signals because there are mostly scam projects giving signals. And if you follow those successful tips then surely you will lose money and you will go broke so you have to take the advice of successful investors.
and you must use Binance Exchange p2p to start trading, it is the most trusted exchange.

I first started using kuCoin, then I switched to Binance. If you're going to trade, choose an exchange that is commonly used of most traders because it is trusted.

I trade using my own analysis and knowledge. I don't rely on signals because it's not reliable. So I suggest for you to fill your mind with knowledge first to have a better understanding about trading. In time, you'll get an accurate answers on these questions after learning it by yourself.

I carry out trading activities on some of the top exchanges such as OKX and Binance. I chose the top exchange because I never had problems with deposits and withdrawals. Well everything always runs smoothly and quickly. About trading signals, I enter many Telegram channels that provide trading signals for free. And I also got that information from someone from this forum. Which is very sincere taught me a few things. I really thank him. And my suggestion is that we must have many telegram channels that provide news information about crypto. Because in trading information is the main thing.

I used varied exchanges both global and my local exchanges.
-Global exchanges: Binance, Kucoin, Bitmart, Uniswap, Pancakeswap
-Local exchanges: Tokocrypto, Indodax

I choose these exchanges because they are most popular exchanges and have no bad issues on transferring my coins. They also have good features and list many coins. Especially for Binance, they have many pairs of national currencies of various countries, including mine. 

I just do my own analysis (both technical and chart analysis), I don't rely on the signal from any sources. I think choosing the coins based on the signals, will be riskier. I ever joined telegram group signals, it didn't work for me. Most of the signals were announced too late, or the signals are to make a hype of certain coins. So, it won't be effective to use for our trading. Anyway, I never used a single method or a single trading style. I will adjust the current trend to determine which will be the most suitable approach.

...so first you screen the coins, how? You get signals from somewhere? Where? 

If I tell you it will invite competition.   
First, every actively traded market bounces. Second, It is very possible to make more from short-term/small moves than trying to hit home runs. Entry points can be difficult to time, you can usually start buying slow and get a better deal asap using limit orders. With experience you can get a feel for when it's time to buy more aggressively, due to a legit chance of missing a big one. Learn to actually Buy Low & Sell High and please don't be stuck thinking HODL is always a good plan. Good luck with your bright future.

I am using Binance and also Tokocrypto (one of local exchanges, especially to cash out crypto to fiat) so far for my trading or other transactions.
They are trusted and reputable, but they are exactly centralized. Both also have familiar displays for me with lots of trading pairs.But actually, I am not doing daily trades so far.

I was doing trading and I was using a vip signal group for trading. But, this didn't work well for me.
I am fully aware because I have not been able to do that, not only can't analyze the market properly but indeed lack knowledge regarding day trades. You could say that at that time I only relied on signals from the group. But it also doesn't work much because I'm often late in or don't do any other real-time management.

The point is that when we want to trade crypto, make sure that we understand in advance what we are going to do, not just relying on signals from certain channels or groups. Make sure we can do TA and FA analysis and equip ourselves with good emotional management. wise risk management, and also really good and free finance. Trading is high risk, so it will be more of challenge.

OP, you clearly aren't really new as opposed to the topic of this discussion and the big terms you used.
Now, I don't do much trading, but I understand it to some degree with a little practice every now and then, and know that you have to firstly let go of the fear of losing your coins, because you will loose some to actually learn of which I did.
It's good to watch out for signals, but having to pay is a bad idea because they are only meant to guide your projection and help one make a better analysis before trading and it's not to show you when and how to make a trade.

Binance is great and it's one of the oldest that most of us use. For starters, it's easy to understand because of its simple features. Bitget is also one of the newest, but for more advanced trading professionals with copy trading and A.i trading bot assistance features.

Well, in trading, you don't have to rely on any telegram group for trading signals or trading information because most of the information on telegram is usually published by some random individuals, probably not even real traders, but they will only want you to pay some fee for the fake signals that they offer. If you want to start trading probably on futures trading, then you can trade Bitcoin, or you can check for other coins or tokens that have been added as trading pairs in the exchange you are using. Then you have to observe how volatile the price of those coins can be before selecting a few pairs that you can trade more often.

If you are good at using indicators, you can then set your indicators and use them to study the price movement before starting a position.

If you are also looking at sport trading, which is just the normal buy and sell for a short-term profit, from the exchange you will be using to carry out your trade, you have to look at the price chart of those coins to know which coin is more volatile and how often the market volatility is for the coin, so you can be able to buy on the low and sell high.

But I can tell you that trading is not so very easy with beginners, you have to invest what you can afford to loose or to be more safe, you can also decide to just keep accumulating Bitcoin and hold.

1. Binance and OkEx - Always stick with the best and current reputable or popular ones which it would really be that saving you up from headaches.Unlike on making use of non-heard exchange platforms or not really that
                                 popular then you are really that prone to possible problems and the worst, you might get scammed.

2.  As a newbie then you should start manual and never ever make yourself in a rush on touching up that signals and those people who are offering those copy trades because its never been worth. If you are really that serious on learning trading then you should start from scratch and dont make yourself getting fooled into those people who are promising with those good number in terms of results and profitability
because this is where those scammers do really take advantage with those noobs who do easily get fooled.

Try to take it slow and surely, losses are inevitable and something that you would be mainly be facing but doesnt mean that it wont really be making you do able to make progress or make yourself better.
Just be sensible and sustain on whatever you would be able to face on.

A good trader is not supposed to depend completely on the signals from another trader without trying to verify it. If you depend on signal groups from Telegram and expect to be a trader for long, it will not work for too long, the group can close down, or the person who makes the analysis and send the signals can be wrong and because of dependence on it, you can lose all you have.

Technical analysis involves analyses of charts. No name like Chart analysis. You have just technical and fundamental analysis.

These are the type of questions that will be answered by itself soon enough when you spend more time around here, and in the crypto world as well. Like you will see which exchange is the biggest (binance) and you will see why people use it, this is not something we should tell you, you will see it yourself, there is a reason why binance is the most used one, and what you should figure out is why.

The TA and FA of a trader will be something that will take times to learn, but you will be able to make that into a reality as well, you will see how it works and you will make some profit using them as well. TA and FA is not simple, its the hardest thing in the crypto world and you should be aware of it without a doubt.

Actually you don't need any additional exchange for trading and you can only use binance exchange if you want. Moreover binance is one of the best popular exchange which can be used from almost all country ip. Also i am not a smart trader so i would like to give you a general advice that you should first follow there who is the king of crypto traders. Take ideas from them then do your own research and try trading when you are ready to take the risk.

I am using Binance and Kucoin at this time. Binance is no 1 exchange having high volume of trading and main reason for choosing is P2P buying/selling because our country haven't regulate crypto and we cannot buy sell through credit card or bank. I am using Binance for big coins while Kucoin for new low supply coins.

actually i am day trader and i am not using any analysing tool. I always look out potential coins which have high volatility and then just wait for price to drop lower point in 24 hours because at this point high volume of buying available and very often coin price push back from this point. i am not experienced user and didn't follow telegram signal, nor using technical analysis. I am risky trader and only trading in high volatile coins which sometimes give me high loss, this why i will not recommend for newbie.

I welcome you to the forum. You have asked quite a lot of questions just for a start. As you have been reading comment, more people have suggested you to use binance exchange, so use it because it is easier to understand what is happening in the trading world from there more than any other exchange. My advise to you is to take things easy because trading involves it own risk. Another advise is don't give someone your money in the name of telegram group or trading for you or you to copy trade. So you can search YouTube for some trading videos.

Haha First of all Welcome dear to the forum, Now for your points or I can say questions, A lot of questions might have a few answers so be ready to read Everyone at least don't disappear after asking the questions, You can get engaged with the discussion if you really want to learn and you can have some decent and healthy experienced answers.

Moving onto the questions buddy, No there is nothing to Wonder...

🔵 I use the top-tier volume and rated exchanges if I am going with the Centralized reason simply a wider range of pairs and some recent features, Binance, Kucoin, OKX, COinbase, and Kraken with some area restrictions and some variations in features... Recommended Boiannce and Kucoins one with KYC and Ku coin is absolutely KYC free.

🔵 To Screen coins you should not follow others, Personally, I used to screen coins on the basis of the Descriptive and Fundamental analysis while going to Long trades... Longer time frame and use the technical and Sentimental analysis while going for the shorter time frame. In regular tracking, a few platforms can help you as Coingecko, CoinMarketCAp etc, etc.

🔵 Signals success is dependent on yourself if you really want to use the signals that are the real signals in my view ( here I do not mean by trade type signals with TP and SP), I'm talking about the investment signals as Dips & some other on-chain analysis reports. Coinglass, Glassnode, and Heatmap reviews can help you here.

🔵 The trading time frame really depends on your portfolio or I can say your initial capital.. I used to Hold trade on a longer time frame weekly and monthly and now from few months Daily as well recommended a longer time frame to start trading and understanding the amrket.

Get the required skill set, learn the fundamental analysis of trading before starting off. Watch expert videos, read up about the various techniques, test your trading skills using demo account to avoid incurring losses on yourself and when you think you have learnt enough, then you can start trading with real assets.

Binance is still the favourite because it's reputation, trading volume and charges a cheaper trading fee of 4%.

I wouldn't advice you to go for signals especially on telegram because there are many fake signals out there and I don't think is a good idea to rely on someone else's opinion and thought. Learn and master everything you need to know yourself and you should be fine.

I always use Binance Exchange because of account security and convenience. As this exchange is much safer than other exchanges, this exchange has many modern features with the help of which various tasks can be easily done without any hassle. As the P2P system is running, virtual currencies can easily be converted into the local currency of one's country from this exchange. 
As you are a new member you may have questions like what kind of signals we use to conduct our trading activities or from where we receive signals for trading. If I share my personal opinion I will tell you that I never rely on other people's signals for trading. Instead of relying on other people's signals, I always try to learn something about trading myself and I conduct my trading activities based on what I know.

I don't trade a lot nowadays since I don't have a lot of time, so I usually just buy and hold when I feel the time is right, mostly Bitcoin but sometimes altcoins as well. However, when I have time, I tend to do some scalping if I see an opportunity, by an opportunity I mean when I find a coin or a token that is going up and down quickly, so I observe it for a little while, check the chart and see how people are buying or selling and make a few trades on it.

Sometimes, you get profit but sometimes you might get some loss, I always make sure that I have my stop-loss set so that if the coin or the token starts dropping all of a sudden, I don't lose a lot of money and the money I used don't get stuck, so the stop-loss gets triggered and the assets are sold with a small loss.

I'm not a trader. I am not interested in trading activity. I'm more interested in investing. My focus is on fixed coins like Bitcoin, Ethereum and BNB. Buy today, save for a long time. So I'm not a trader.
I rarely trade except when I have the intention to do it on certain days, depending on the atmosphere.

tokocrypto.
Because it supports deposits and withdrawals in the form of fiat currency.
Have also used binance. on binance i can see x5 on each coin.

Basically, there is no group that can give us good signals to do in order to get profit, be it on spot, futures and so on.

Welcome to the forum, fellow newbie! While trading comes with its fair share of risks, it also offers the chance to grab some sweet profits and potentially even live off them (if you're trading to make a living). Now, I don't want you to go down the same rabbit holes I did, so here's my nugget of wisdom: before you leap into trading, find a mentor, arm yourself with knowledge about the ins and outs of trading, and most importantly, embrace patience. Trading is a skill, and skills take time to hone, so no need to rush it.

As for my master plan, I'm all about that buy-and-hold strategy during this bull run – can't wait for the bear to strut its stuff.

Speaking of strategies, I'm a proud scalper. Why, you ask? Well, let's just say that my emotional control isn't exactly as strong as the Hulk's, so I prefer those quick in-and-out trades.
And when it comes to exchanges, Binance is my jam. It's user-friendly, the fund withdrawals are smoother than jazz, and they sprinkle in some nifty tips to supercharge your dollar-cost averaging strategy – that's if you're into that sort of thing.
Now, about signals – trust me, as a fellow newbie, I'd say steer clear of 'em. 🙃 It's better to get your hands dirty, learn the ropes, and find your own groove in the trading world. Wishing you all the luck in your trading adventures! May the crypto odds be ever in your favor! 🚀🌟

There's a legit signal channel but those are not free. However, we still can't guarantee that we are always get profit from their signals, sometimes we experience a couple of loses before we win.The most important is there's a risk management. So even though we experience a couple of loses we still have funds for another trade. It's nothing different with self trading, the only difference is you don't have to spend time to analyze the market.

Much appreciated, thank you 

Agree. If a person is interested, then perhaps he has some amount of money, but there is no knowledge and understanding of the processes. This can lead to loss of money. You need to understand at least a little about what you are doing, otherwise it can lead to loss of money.
One of the best advice I've ever heard is take $200 and trade small amounts until you're more experienced. This money will not be so pitiful to lose in case of unsuccessful transactions and you can gain an understanding of the processes

You can use Binance which have low withdrawal fee, a good reputation, low trading fee.
You must always remember that there are no signals that will surely bring you income, no matter how good a specialist is, he cannot guarantee a 100 percent successful forecast. It may not be bad to have a channel with good signals, but it's much better to figure out what you're doing yourself. To do this, you need to study the issue a lot, explore, try, gain experience, fall, rise and move on. In principle, everything is like in the rest of life.
Whether it's daily trading, scalping, swing or whatever, it's up to you to decide what's best for you. It depends on many factors. Maybe you have a lot of money and you should just invest and not trade every day. In any case, it is worth trying and choosing

First and foremost,  when you ask about how to trade this is too wide of a question as we have different kinds of trading...but of course the concept is all based on buying low and selling high.

I know many users here don't approve of exchanges like Binance,  but for my casual peer2peer trading I use them as it's one of the platforms where you get most crypto users flocking to.

For Chart trading I use metatrader5...

So from the process described here...it's trading based on charts which I think few actually do  

But personally I do trade charts and no I don't use signals or use telegram paid groups or anything related to this!

Day trading as I don't want to leave trades open and get taken out because of news or some external factors that can catch me off guard by liquidating my position(s).

not sure why you decided to ask this here but are you using Imgur to post images? if so, try using this instead TalkImg.com, this image hosting is created by a member and it works on this forum.

also, just a small tutorial, once you upload the image on TalkImg.com, just copy and then paste the BBCODE that is given on your post.

According to me you can use Binance Exchange. Here everything depends on the traders not provided by someone's personal or bot.  And the best advantage is lower fees and number of withdrawals than other exchanges
I like spot trading a lot, I don't know how much other people like it. Spot trading has very low probability of loss and trades can be taken as time changes. Many people say that futures trading is popular but the possibility of loss is also high and the profit is high.

OP as a newbie trading is very risky for you and i will advise you avoid it for now. If you are asking for crypto exchanges being used then it proves you don’t have any knowledge about cryptocurrency yet so the best thing for to do now is to first acquire crypto knowledge only after then you can think of acquiring knowledge about trading.

I’m not a trader but i have little knowledge on trading, binance is one of the most reliable and most used exchange for trading and I see some users sharing their knowledge with you so already so my advice for you is to hold your bitcoins but if you must, make sure you educate yourself on trading and not just rush into it.

Op, HODL

2.Binance has one of the best and easy to use exchange for newbies just remember to read thier terms and conditions before you start trading with them.

3. Copy trading is not garanteed or reliable stay away from such telegram groups high percentage scammers.

1. Binance P2P for cashing out to local currency, DEXs(GMX, Uniswap) for trading.

2. Fundamental analysis based on protocol revenue/usage and based on narratives. And no — no scammy signal groups and most definitely no paid groups. Just me, my Twitter account, and me reading documents and metrics.

First of all welcome to the forum. I don't trade because I prefer hodling my bitcoin investment for long to make profit. It is better than trading

Binance is the biggest exchange and it is mostly used by traders

It is better than you learn the fundamental and technical analysis, also the risk management, and this takes a lot of time and much commitment. You can read this post as a newbie for you to decide if you will still go into trading or not.
By 1miau "Trade vs. HODL - avoid traps" as well.



By Ruttoshi  Newbies say No to trading

I'm not a trader, but I have a little knowledge about trading.

1. You can use Binance or Kraken where this both exchanges have a good reputation, low trading fee and low withdrawal fee. P2P or DEX aren't good due to lack of liquidity and lack of pairs, after all a trader must accept to lose his identity.

2. There's no legit signal channel, so you must understand about it. It depend on each trader, someone might say scalping is better, the other one say futures is better than spot trading etc.

So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.