Pages:
Author

Topic: What and where? - page 4. (Read 915 times)

hero member
Activity: 1260
Merit: 504
April 04, 2022, 10:21:42 PM
#71
There shouldn't delisting very soon that coin you will pick. Any other way, you will lose everything. So the main part picking the right exchanging pair. Anyway there are cases that alts are solid because of their interest and idea which I think even btc is down you could say they could remain all alone.
sr. member
Activity: 2828
Merit: 344
win lambo...
April 04, 2022, 05:07:28 PM
#70
Well, OP. there is a guide that could help understand how to use Binance exchanges. I encourage you to take that seriously and focus on learning first before an experiment. After you've got a clear idea, I guess that was the time to move for actual trading and this is the time you could learn more and build up your decision making.

You can start with Binance, they offer a lot of coins you can choose from and most of them are thoroughly reviewed by the Binance but that doesn't guarantee that the coin wouldn't be a scam or won't be volatile (aside from stable coins) You can take a look at the top cap coins at https://coinmarketcap.com/ and start with those coins with smaller amount to test the waters.
That really matters upon trading. Looking at the CMC gives him insights into what coins should have been used for trading coz this will affect the results. Likely, we can't even be sure if our strategies really working.

hero member
Activity: 2968
Merit: 687
April 04, 2022, 03:54:02 PM
#69
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
As you mentioned you are new so l recommend stay away from futres,margin trading as they are risky. Spot trading is better choice. You can do scalping but before this first Learn reading charts especially DCA. I believe that it will help you in day trading and you will start a good experience here.
The OP never mentioned anything about learning how to read the charts and I think it is very important that we let him know that he is meant to do that. Unless he has already done it earlier but if he hasn’t then it is important that he get to learn about it because it is really going to help him in day trading of cryptocurrency.

I do not really see the possibility of being able to trade cryptocurrency if you don’t have any clue about technical analysis and other important things that you are meant to know. So, he should invest his time into doing all that so that he would be perfect before he starts trading.
Basing and reading up on what he said that he had been trading for a year which we do presume that he's already aware or known on how to make use of technical indicator which it is impossible that you wont really be

using up these things for a years time which do make out some pure guesses? Its impossible if you do ask me thats why its likely he's already that knowledgeable but he's not that contented on his performance or outcome

after a year of trading and now he's been asking out into the public on where he should start or maybe he's been holding his funds in binance for a year now? Its not been clarified.
legendary
Activity: 3318
Merit: 1128
April 04, 2022, 03:18:50 PM
#68
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
As you mentioned you are new so l recommend stay away from futres,margin trading as they are risky. Spot trading is better choice. You can do scalping but before this first Learn reading charts especially DCA. I believe that it will help you in day trading and you will start a good experience here.
The OP never mentioned anything about learning how to read the charts and I think it is very important that we let him know that he is meant to do that. Unless he has already done it earlier but if he hasn’t then it is important that he get to learn about it because it is really going to help him in day trading of cryptocurrency.

I do not really see the possibility of being able to trade cryptocurrency if you don’t have any clue about technical analysis and other important things that you are meant to know. So, he should invest his time into doing all that so that he would be perfect before he starts trading.
sr. member
Activity: 2282
Merit: 470
Telegram: @jperryC
April 04, 2022, 07:54:31 AM
#67
You can start with Binance, they offer a lot of coins you can choose from and most of them are thoroughly reviewed by the Binance but that doesn't guarantee that the coin wouldn't be a scam or won't be volatile (aside from stable coins) You can take a look at the top cap coins at https://coinmarketcap.com/ and start with those coins with smaller amount to test the waters.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
April 04, 2022, 06:35:31 AM
#66
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
As you mentioned you are new so l recommend stay away from futres,margin trading as they are risky. Spot trading is better choice. You can do scalping but before this first Learn reading charts especially DCA. I believe that it will help you in day trading and you will start a good experience here.
full member
Activity: 1204
Merit: 162
April 04, 2022, 04:27:46 AM
#65
Binance exchange account is best for trading. There are different types of signals for you to understand. Futures Trading Spot Trading Margin Trading etc. in Binance Exchange Account The subject is very well given so you can easily understand. And since you are not very knowledgeable and experienced about your trading, you need to know better.

Have you tried trading anywhere other than Binance to claim that it is the best exchange for trading? On Binance, KYC is mandatory, there are often lags when there are large market movements and orders are difficult to place or cancel. I don't know if they fixed it or not, but it happened a lot last year. Binance does not have the best margin trading, and not the best commissions for placing an order or withdrawing funds from the exchange. So why is it the best for trading? Just because she's the most famous?

Binance isnt the best for sure but we can say that is the safest exchange and that is the most important thing for me since I got burned couple of times on other exchanges.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
April 03, 2022, 01:11:54 AM
#64
Anything works, as far as you are trading with one of the top coins as for a start. And the top coins that I’m talking about are like Bitcoin, Ethereum, and you know the rest of them in the market. So, you can start with these ones as they are much a better choice and has a bigger market cap, and also higher trading volume on a daily.

As time goes on, when you have in depth knowledge on how trading and everything in the market works, you can then start to pick interest in other cryptocurrencies that would serve as an alternate choice to the one you already have. So, as for now do not just rush into all those smaller coins, start with the top ones and make your way through.
sr. member
Activity: 994
Merit: 441
April 02, 2022, 05:27:19 PM
#63
Binance exchange account is best for trading. There are different types of signals for you to understand. Futures Trading Spot Trading Margin Trading etc. in Binance Exchange Account The subject is very well given so you can easily understand. And since you are not very knowledgeable and experienced about your trading, you need to know better.
legendary
Activity: 2534
Merit: 1338
April 02, 2022, 05:11:41 PM
#62
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
Those are some of the most basic questions that you can ask as an investor or a trader, the fact that you have no idea at all tells me you are simply not ready to become part of any market regardless of the size of your capital, let me ask you a question, would you try to build a house without any knowledge related to it? I guess the answer is no, which begs the question, why are you willing to do this when it comes to trading? You will be wasting your capital by doing something like this.
sr. member
Activity: 993
Merit: 250
Moonbet.io
April 02, 2022, 04:51:22 PM
#61
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
If you are prepared for trading and have enough dollars to invest, you can opt for a Binance exchange for training. But I can give you a small amount to learn by doing demo account before trading.
hero member
Activity: 2590
Merit: 644
April 02, 2022, 03:59:38 PM
#60
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

If you are completely new to trading then I would suggest starting with potential coins like BTC, ETH, BNB, SOL etc...
You can start with these coins and trade them and try to earn profits. Keep changing your strategies and keep improvising them.
Once you earn profits for 6 months or so you can start exploring other coins and start trading with them one by one.
But keep in mind to use stop losses and stick to your analysis and targets. Don't trade based on emotions.
^ A simple but quite good advice, every trader should learn how to set up stop-loss and must stick to their own analysis and strategies in trading. Trading does not have frequent strategies and analysis so you must use near accurate that has a better result than your previous analysis.
As OP said, the Binance exchange is enough for traders who wanted to have many coins to trade and for that highly trading platform as of now.
I suggest also to make or draw your own conclusion and do not rely upon other's opinions, trading is very risky and first, you must understand this first.
full member
Activity: 1092
Merit: 227
April 02, 2022, 11:53:32 AM
#59
First of all congrats on taking successful step while stepping into trading and that’s saving the money and then investing it into trading. Honestly, many of us just go crazy while trading and we put our money which is required in daily budget expenses. It’s good that you have saved up money and then investing into it.

I would also positively vote for you on using Binance as your trading platform. The app is user friendly but still there are dozens of options to choose from so choose your trading ways correctly. You can also have staking earning method.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
April 02, 2022, 11:23:54 AM
#58
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

If you are completely new to trading then I would suggest starting with potential coins like BTC, ETH, BNB, SOL etc...
You can start with these coins and trade them and try to earn profits. Keep changing your strategies and keep improvising them.
Once you earn profits for 6 months or so you can start exploring other coins and start trading with them one by one.
But keep in mind to use stop losses and stick to your analysis and targets. Don't trade based on emotions.
legendary
Activity: 2940
Merit: 1083
April 02, 2022, 09:54:43 AM
#57
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

Since you are using Binance for a year now, at least you should know some trading basics from now and much aware of their trading interface, for easy navigating and trading. You have to remember that choosing a coin is a tough one and our portfolio list is out of our own preferences.

For a start, you can test trading Bitcoin or BNB since the purpose is to become familiar with how trading works.

As you move forward, it's impossible for me that you won't learn something about it and eventually, you can now move to the next stage which is picking your preferred coins. You need to put time and effort into that.
member
Activity: 770
Merit: 12
Trphy.io
April 02, 2022, 09:15:38 AM
#56
binance is indeed the best exchange for transactions right now, and if you want to invest funds from savings and for a long period of time then you should choose a major coin, in my opinion bitcoin, ethereum, bnb, xrp can be an option to invest directly without having to analyze it too detailed, and even safer stored in a personal wallet afterwards. especially if during a price correction like this time, of course, you will benefit from getting a relatively low price, so that in the next few years at least we will get more profit than bank interest rates. but this cannot be used as a benchmark for time, if you are patient, of course you will get a profit
sr. member
Activity: 1914
Merit: 328
April 02, 2022, 05:51:38 AM
#55
you're doing the right thing by starting on binance. because there are more choices of coins or tokens to be traded. but for a safe investment try to see references from the top 100 coins on coinmarketcap
Yes, binance is a highly recommended cryptocurrency trading exchange. It is very popular around the world and it is hard for you to see anyone who is not starting with binance.com. It’s just totally everywhere, and in my country you wouldn’t see any youth that is trading cryptocurrency and they do not have binance.com trading app on their smart phone and  making use of it on a steady.

When I started, I started with coinbase.com and as time goes on I got to know about Binance.com and it has been a really good option and the best exchange that I have been making use of for years now.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
April 02, 2022, 03:56:04 AM
#54
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
It all boils down to what you have been able to learn and which aspect of the trading you feel more confident in. each has it's own risk measures. A year of learning from binance academy is enough to spot your weakens and strength and this part is what you alone knows. So find your market strength and improve on but don't forget lose is part of the game don't give up when you meet it in the journey to perfect trades
hero member
Activity: 1036
Merit: 933
Find your Digital Services at- cryptolibrary.pro
April 02, 2022, 03:54:49 AM
#53
You have already said that you are using Binance for trading.  You are already trading in a good platform.  If you can do a good market analysis then I think it would be good to invest here. Apart from that there are some other platforms like: Ku-coin, Ftx etc, you can try these.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
April 02, 2022, 02:26:31 AM
#52
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
Since you are using Binance, I guess this is very important for you before you'll be going to start, and really it helps you to decide.
https://academy.binance.com/en

I suggest not skipping anything from that online academy. It was more advantageous for you to have a deep understanding of how this exchange runs and also the don't and do's.

Learning is very important and a tool to succeed. Keep that confidence as well as this it helps for you then. And there is one last reminder to keep, "Be careful in choosing coins to trade".
Pages:
Jump to: