Topic: Suggestion for trading platform (Read 1376 times)
if you are looking for the largest and most secure trading platform, binary market, bittrex or okex. maybe you loss in the market mercatox because in the market mercatox there are lots of trading bot so you are fooled by a trading bot that makes losses
when bitcoin is unstable you should not trade anything. this is very bad because the altcoin is influenced by the price of bitcoin.
at least you do backup or cut loss to maintain greater losses.
at least you do backup or cut loss to maintain greater losses.
Absolutely not necessary. The strongest and most experienced traders trade both on a decrease and on a rise in the market.
Therefore, they use the fact that everything is dependent on Bitcoin as an additional tool for building their strategy.
Of course, if you are a young trader, then you better open only long transactions, this will reduce your risks.
But in the future you will still come to the conclusion that you will trade regardless of the situation that develops in the market.
We do prefer it this way neither it do moves up and down but still you do able to utilize those movement to be on your advantage.It wont be that easy as it sounds but really a worthy thing to be tried of.
Bitcoin is never been stable and so as with alts but to think that this is the primary reason why we do trade it up.In talks of trading platforms then always choose up the reputable ones
and does cater out on what youve been needing on a service.
I think first off you should choose an exchange with better liquidity. Another factor is the range of available types of orders. As far as I know, Mercatox doesn't support stop limit orders and some other types of orders that can help you to avoid extra losses. Probably you have used these orders on Bibox, I don't know.
I suppose IDAX can be a good alternative as it has a good reputation, high liquidity, and it provides enough features that can help you to trade safer. Binance is another good option. Of course, it's more about the way you are trading and less about the platform. The platform matters though.
I suppose IDAX can be a good alternative as it has a good reputation, high liquidity, and it provides enough features that can help you to trade safer. Binance is another good option. Of course, it's more about the way you are trading and less about the platform. The platform matters though.
I won't say that you need to change your exchange in order to recover your loss but you need to change some strategies which are making you bear loss. You have to learn a lot of new things about trading and also you have to gain some experience which would make you earn profits from trading. Trading is nothing different than gambling.
You have to predict the exact price of the coin and you gain profits from it but in order to predict the exact prices of coins you need to have ample of knowledge and experience. You have to quit trading for few days to not face excess loss and you can start with demo trading which would make you gain some experience and also you can understand the markets more closely. Use your remaining 0.01 BTC more carefully and you would perhaps cover your loss from it.
You have to predict the exact price of the coin and you gain profits from it but in order to predict the exact prices of coins you need to have ample of knowledge and experience. You have to quit trading for few days to not face excess loss and you can start with demo trading which would make you gain some experience and also you can understand the markets more closely. Use your remaining 0.01 BTC more carefully and you would perhaps cover your loss from it.
I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
The reason you are losing money is because you trade on very low volume exchanges and there are only bot trades. Besides, such exchanges do not have stoploss system and OCO function. I think you should transfer money through the Binance exchange to get more great things. The alts listed on Binance chain are listed in Tradingviews and you can use dozens of indicator types there. In addition, Binance is a reputable exchange so you will not be afraid of being scammed like other shit exchanges.Binance has an inbuild feature to apply various strategies onto the graphs so tradingview is not that needed if you trade on binance. In-fact, binance has inbuilt graphs from tradingview so it makes things easier.
when bitcoin is unstable you should not trade anything. this is very bad because the altcoin is influenced by the price of bitcoin.
at least you do backup or cut loss to maintain greater losses.
at least you do backup or cut loss to maintain greater losses.
Absolutely not necessary. The strongest and most experienced traders trade both on a decrease and on a rise in the market.
Therefore, they use the fact that everything is dependent on Bitcoin as an additional tool for building their strategy.
Of course, if you are a young trader, then you better open only long transactions, this will reduce your risks.
But in the future you will still come to the conclusion that you will trade regardless of the situation that develops in the market.
0.01 BTC is really a very low amount for you to trade in large exchanges, try to increase your balance before you want to trade. You should have at least 0.1 BTC to trade more simply and you will have more profits. In addition, you should not use small exchanges, that exchange cannot help you get profit because most of the altcoins there are only created to pump and dump and it happens very quickly.
I will advise him to look for something better to do than to be risking his money. Day trading is meant to be a means of passive income, though I have seen people that claims to have it as a full-time job. You better look for a real job to do and then do day trading as a side job. And trading requires a lot of practice and it takes time to become perfect in it, but you won’t be 100% perfect.I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
It’s not really about exchanges, it’s mainly about the method you’re using. Yes you need to be making use of a good exchange, but even if you are making use of a good exchange and you don’t have a good strategy for trading, you’re still not going to be making profit. 
I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
The reason you are losing money is because you trade on very low volume exchanges and there are only bot trades. Besides, such exchanges do not have stoploss system and OCO function. I think you should transfer money through the Binance exchange to get more great things. The alts listed on Binance chain are listed in Tradingviews and you can use dozens of indicator types there. In addition, Binance is a reputable exchange so you will not be afraid of being scammed like other shit exchanges. 
choosing a trading platform is recommended when we want to trade crypto, because not all trading platforms have a good trading volume. but this is not all a major factor in your current defeat. the most important thing is when choosing altcoin / token that is feasible for you to trade, especially for daily trading. binance is the trading platform that I currently use, but I would not advise you to go there. do your research first when you want to choose altcoin / tokens and trading platforms.
It's not an exchange fault, mate. Because there are many traders earning good money by trading on those exchanges. Sometimes our trading strategy fails, that's why we keep losing money in trade, you should stop the trade for a while and do other things. You may choose Binance, Kucoin, Bitfinex exchanges when you come back in trading because these platforms have real trading volume and good coins!
0.01 BTC is really a very low amount for you to trade in large exchanges, try to increase your balance before you want to trade. You should have at least 0.1 BTC to trade more simply and you will have more profits. In addition, you should not use small exchanges, that exchange cannot help you get profit because most of the altcoins there are only created to pump and dump and it happens very quickly.
I think it is 87 USD so many experts are concentrate large funding and huge profit in trading platform. But they are hold the 50% our investment in USDT so they never worried about any situation. Nowadays market is fluctuating so pump and dump will happen at time, but we have option for price fixing the trading so most of the exchanges are really useful to trade the crypto investment. I hope small scale investment is useful to understand the trading platform. The exchange has nothing to do with your losses it's actually you. I supposed that you are a new trader isn't? well i can say that you should be studying which coin you're going to invest, what kind of trade you want to be, sometimes exchange matter (you should look for an exchange with a high volume of trades) the point here is that before entering the trading you should know what you're doing and the consequences of your actions.
You should learn first how trading works and how you will read the market before entering and exiting the trading market.
That's most important. Trading platform matters but it comes at the last stage. OP needs to prepare himself for the previous steps which include in learning and understanding the trading strategies, complying various patterns on the trading graphs, learning to earn some patience, etc before he could start a trading career.You should learn first how trading works and how you will read the market before entering and exiting the trading market.
Trading seems a easy task but is much complicated. There also are some platforms which have made trading easy but not all of them are trustworthy. OP needs to find a reliable platform and hence binance, huobi, etc would be a better platform to start with but before it OP should deeply consider learning trading.
0.01 BTC is really a very low amount for you to trade in large exchanges, try to increase your balance before you want to trade. You should have at least 0.1 BTC to trade more simply and you will have more profits. In addition, you should not use small exchanges, that exchange cannot help you get profit because most of the altcoins there are only created to pump and dump and it happens very quickly.
Let's not discuss on the amount being used for trading. It is said that we should only invest the amount we are ready to loose and hence the amount might vary for each of us. You might be able to afford loosing 0.1 BTC but it should be a greater amount for OP and hence even 0.01 BTC would be a good amount to start it it is a amount you could afford to loose.Profits would be smaller investing with smaller capital but at least it would not make us feel uneasy about the money we invested. I personally started with a much smaller amount but now made up myself to afford investing larger amount only because I was able to make profits from the smaller amount I invested initially.c
The exchange has nothing to do with your losses it's actually you. I supposed that you are a new trader isn't? well i can say that you should be studying which coin you're going to invest, what kind of trade you want to be, sometimes exchange matter (you should look for an exchange with a high volume of trades) the point here is that before entering the trading you should know what you're doing and the consequences of your actions.
You should learn first how trading works and how you will read the market before entering and exiting the trading market.
You should learn first how trading works and how you will read the market before entering and exiting the trading market.
0.01 BTC is really a very low amount for you to trade in large exchanges, try to increase your balance before you want to trade. You should have at least 0.1 BTC to trade more simply and you will have more profits. In addition, you should not use small exchanges, that exchange cannot help you get profit because most of the altcoins there are only created to pump and dump and it happens very quickly.
i'm not sure that the loss is only due to an improper trading platform, because in trading a TA is part of the other main factors that make a loss from trading, because even though we trade on an inappropriate trading platform but the TA we do is very good then i'm sure it will still make a profit
Technical Analysis is not that much important when someone is very strong in fundamentals,so OP didn't have hope on his coins that is why he lost his capital and unfortunately he has only dust which can't be traded on any exchange platforms.ta wont be invented and wont now be popular if its not important . you said he dont have a hope on his coins , that also his mistake . to have faith on what we have is a must so that we can believe on it and dont do early moves that leads to our losses . chosing an exchange is also important because of the security and the volumes they have . it wont be useless if you lack all these important factors because you cant still be sucesful on your trades
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I recommend to choose a cryptocurrency exchange which is safe, this is the most important for every trader! Try one of the platforms which have great opinions among traders, for example CoinDeal or Kraken. These two are my favourites, but now I can especially recommend CoinDeal because of its attractive fees and free deposits. It even has the VQF Swiss License so it's super safe. Here you've got the link:https://coindeal.com/.
He can choose Binance, Kraken, Kucoin, Bittrex, and I think that exchanges have a big exchange. He can find so many coins listed on that exchanges so he can start trading without any longer. But if he cares about his document or he doesn't want to send any document to the exchanges, he can choose Binance as we know that in Binance, we are free not to send the document, but we have a limit amount in withdrawal. I guess that will not be a problem for him if he still needs to learn more about trading.
I recommend to choose a cryptocurrency exchange which is safe, this is the most important for every trader! Try one of the platforms which have great opinions among traders, for example CoinDeal or Kraken. These two are my favourites, but now I can especially recommend CoinDeal because of its attractive fees and free deposits. It even has the VQF Swiss License so it's super safe. Here you've got the link:https://coindeal.com/.
Of course , we would really choose up those exchanges which been known to anybody but there were still people who do lost track and using up the unknown ones.When it comes to exchangers then i do like Binance and Bittrex though.There are lots of options somehow but these are the top picks i believe.
Just a note, dont leave funds on exchangers yet theres no such thing about 100% safe.
I recommend to choose a cryptocurrency exchange which is safe, this is the most important for every trader! Try one of the platforms which have great opinions among traders, for example CoinDeal or Kraken. These two are my favourites, but now I can especially recommend CoinDeal because of its attractive fees and free deposits. It even has the VQF Swiss License so it's super safe. Here you've got the link:https://coindeal.com/.
I think the solution you need is not to switch trading platforms, but rather to the way you trade so that you lose a lot,
if you move exchanges but don't change the way you trade, you will still experience the same thing (loss).
Each of the exchange actually has the same running and also they do operate in a similar way. The volume, etc might vary on each exchange and hence, choosing a exchange with higher volume is always a point to be considered but I think no matter which exchange we choose, if our trading strategy does not fit our skills than we would hardly find any profits in the field.if you move exchanges but don't change the way you trade, you will still experience the same thing (loss).
Moving onto some better strategies and skills is a must in case of OP as peoples really need to educate themselves about the proper trading techniques and also the risk management as it might help you to stop excess loss and make quick profits even in the bear markets. Choosing highly reputable exchanges is a good start before you could learn some strategies and apply them onto the graphs.
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