Suggestion for trading platform - page 2.

jostorres

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Quote from: marilynmanson21 on January 22, 2020, 09:25:59 PM

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.

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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Quote from: kodtycoon on January 23, 2020, 09:09:27 AM

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.

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Quote from: cryptosojib on June 30, 2019, 11:16:45 PM

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..

Actually there are a lot of exchanges where you can trade. You could actually browse online what platform would you choose. But in choosing a platform make sure that has a good qualification. Usually, I am trading in multiple platforms and most of them are voted as top best exchanges. I would not recommend trying to use such a new platform because there's a probability that it only after on your funds.

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Quote from: DevilSlayer on January 22, 2020, 07:44:05 PM

There are a lot of trading platforms out there but we should only choose one platform that where our skills are suitable on using it. Choose also a platform that is convenient where it is easily understand. There are platform that is annoying because of their boring webpage. As a user it is not convenient to use, I also want a trading platform that have low fees because I can save more money from it. Choosing a reputable trading platform can help us to become more better trader especially if we are using unique features from it.

Exchanges needs to develop their user interface as well as the user experience so that trading on those platforms gets much easier. Peoples usually tend to get attracted to the platforms which seems suitable for them and which are easy to be operated. UI/UX has really acquired an immense space in each of the industries.

Moreover, if you want some lower fees exchange, you could easily find one. Even some exchanges would reduce your trading fees if your daily trading volume is greater than their expectations. For example, you could even have 40% discount in the trading fees on Binance platform if your trading volume is above 500 BNB so if you are a higher amount trader than you would specifically find lower trading fees.

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Quote from: kodtycoon on January 23, 2020, 09:09:27 AM

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

I believe this, exchanges with high volumes will probably move faster than exchanges with low volumes. and the problem of profit or loss depends on the trader doing the research and transactions therein. therefore when doing research you must carefully to see the price action that occurs.

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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

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Quote from: Asmonist on January 23, 2020, 07:37:02 AM

You can still have another platform but there is no assurance to get all your losses. I think platforms are almost the same and the only way to get higher profit lies on your trading decisions. Maybe you can also setup your strategies in trading and change to a new platform or stick to your usual platform at least with the old one you are already familiar of the procedures and steps.

I checked tradingview and just do trade in different exchanges sometimes. The best thing is that we need to understand the chart, graphs, pattern or indicators and find platform youll easily understand. I prefer to look at one chart and then simply trade on legit exchanges its available to trade.

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Quote from: marilynmanson21 on January 22, 2020, 09:25:59 PM

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).

Good point, learn more trading techniques, just learn from the learned and pioneer in trading. Wherever you are trading, they have almost the same price to minimal difference, especially to bitcoin, meaning it the way you trade. Though trading in a top trading site like BitMEX, Binance, Bittrex, etc is okay but knowledgeable in Techincal and Fundamental analysis is another story.

Asmonist

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You can still have another platform but there is no assurance to get all your losses. I think platforms are almost the same and the only way to get higher profit lies on your trading decisions. Maybe you can also setup your strategies in trading and change to a new platform or stick to your usual platform at least with the old one you are already familiar of the procedures and steps.

crossabdd

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wherever you trade, if you don't have knowledge about crypto trading. only the loss you will get. mercatox is an exchange with shitcoin dominance. so trading on that exchange is a big risk. if you want to recover your assets, try trading in the top 10 markets. like bittrex, binance, bitfinex, poloniex, bitmex, kraken, or others.

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Quote from: fullhdpixel on January 22, 2020, 02:46:23 PM

No matter what you do, guys please be careful about where you trade in security reasons. If the place you pick has higher fee's, if the place you have is slower, if the place you have has low volume, whatever problem they might have could be overcome with time, however if the place you deal with has horrible security there is no going back from that. Just one big hacking and that website will be gone forever.

So, whatever you do, pick the one that is the most secure and have never been hacked before or have been hacked but overcame that somehow. Binance is already a very very succesful place and its very difficult to hack it and even when they do binance just pays it off and continues like nothing happened, however if you want to pick anywhere else, make sure they are like that as well.

There are now trusted exchange nowadays that can be called as successful exchange like Binance, Okex and Bittrex. We can have a guarantee that our funds will be safe if we will use reputable exchange. The scam exchange are keep rising and that is why our money should be protected. There are also exchange that have fake volume and fake market capitalization. It is just my opinion because I tried to buy bitcoin and I did not experience any problems through using reputable exchanges.

marilynmanson21

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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).

DevilSlayer

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There are a lot of trading platforms out there but we should only choose one platform that where our skills are suitable on using it. Choose also a platform that is convenient where it is easily understand. There are platform that is annoying because of their boring webpage. As a user it is not convenient to use, I also want a trading platform that have low fees because I can save more money from it. Choosing a reputable trading platform can help us to become more better trader especially if we are using unique features from it.

fullhdpixel

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No matter what you do, guys please be careful about where you trade in security reasons. If the place you pick has higher fee's, if the place you have is slower, if the place you have has low volume, whatever problem they might have could be overcome with time, however if the place you deal with has horrible security there is no going back from that. Just one big hacking and that website will be gone forever.

So, whatever you do, pick the one that is the most secure and have never been hacked before or have been hacked but overcame that somehow. Binance is already a very very succesful place and its very difficult to hack it and even when they do binance just pays it off and continues like nothing happened, however if you want to pick anywhere else, make sure they are like that as well.

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Quote from: cryptosojib on June 30, 2019, 11:16:45 PM

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..

I am sorry you are having such a rough time of it mate. I definitely suggest you do some P2P trading on a platform like Vertex. - that way you do not need to bet against the markets, but al you need to do is sell crypto via P2P at an increased rate.

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Go with exchanges that have a huge volume in their trading platform so you will be sure that you can liquidate your entries easily. Binance is one of the biggest exchange in the cryptocurrency market right now and it is also a good platform since there is a lot of available altcoins to trade there but you should be careful in pump and dumps because that is common there.

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Quote from: Twentyonepaylots on December 14, 2019, 01:19:25 PM

Quote from: julius caesar on December 14, 2019, 11:05:21 AM

Quote from: cryptosojib on June 30, 2019, 11:16:45 PM

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..

Even you switch in another trading platform still you can't easily earn all your losses. The market is still not in good condition and bitcoin has still suffered in decreasing price. Why not try to analyze the market before you do your investment because it can help you to avoid some losses. In terms of the trading platform, I highly recommend the Binance exchange which is also a reputable trading platform. I also suggest just do your investment in good coins just like bitcoin, ethereum, and binance coin.

Changing and jumping of platforms to recover the losses? are these people out of their mind? What they have lost on trading does not mean that the platform they are using has some kind of bad luck or whatnot. Trading specifically is based on what is your trading lifestyle, strategy and techniques. But the fact that exchanges has different degree of reputations, that count as a bearing in choosing what platform would the trader use to maximize the potential profit. Undoubtedly most of people here would suggest Binance since it is the fastest growing exchange in the present, but if I would suggest what platform to use is the Bitmex.

I have never used Mercatox and Bibox, but from what I saw when researching Mercatox, I realized that they also have Stop - Loss. So I think the problem of OP is losing money is because it probably shouldn't know technical analysis and is trading with altcoins which is more complicated in my opinion

Quote from: julius caesar on December 14, 2019, 11:05:21 AM

Why not try to analyze the market before you do your investment because it can help you to avoid some losses.

I believe the main problem of the OP is because it does not know how to do market analysis

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Quote from: julius caesar on December 14, 2019, 11:05:21 AM

Quote from: cryptosojib on June 30, 2019, 11:16:45 PM

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..

Even you switch in another trading platform still you can't easily earn all your losses. The market is still not in good condition and bitcoin has still suffered in decreasing price. Why not try to analyze the market before you do your investment because it can help you to avoid some losses. In terms of the trading platform, I highly recommend the Binance exchange which is also a reputable trading platform. I also suggest just do your investment in good coins just like bitcoin, ethereum, and binance coin.

Changing and jumping of platforms to recover the losses? are these people out of their mind? What they have lost on trading does not mean that the platform they are using has some kind of bad luck or whatnot. Trading specifically is based on what is your trading lifestyle, strategy and techniques. But the fact that exchanges has different degree of reputations, that count as a bearing in choosing what platform would the trader use to maximize the potential profit. Undoubtedly most of people here would suggest Binance since it is the fastest growing exchange in the present, but if I would suggest what platform to use is the Bitmex.

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Quote from: cryptosojib on June 30, 2019, 11:16:45 PM

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..

Even you switch in another trading platform still you can't easily earn all your losses. The market is still not in good condition and bitcoin has still suffered in decreasing price. Why not try to analyze the market before you do your investment because it can help you to avoid some losses. In terms of the trading platform, I highly recommend the Binance exchange which is also a reputable trading platform. I also suggest just do your investment in good coins just like bitcoin, ethereum, and binance coin.

iv4n

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Quote from: pamsugas on December 14, 2019, 09:14:14 AM

wherever you trade if your technical analysis is not good it will suffer losses. I suggest trading on an exchanger platform having large volumes such as binance, okex, bitmax. having a large trading volume is better than a small volume because trading is easier.

Proper advice for this guy should be to stop trading and fast as possible, and to try to just invest and hold crypto. If he lost so much money already, and he didn't learn nothing for that time and for money spent, high chances are that he will never learn to trade, especially not here, where he needs to read all what people wrote and to try to apply that in his trading.
Trading is not for everyone, and its one of the reasons why I always try to suggest newcomers to start trading with some small amounts. Even if they lose some amount they will not regret it, and to try to learn as much as possible with that amount.

Topic: Suggestion for trading platform - page 2. (Read 1370 times)