Topic: What and where? - page 5. (Read 865 times)
Bitcoin. The most staple investment that wouldn't really fail you (most of the time) if you bide your time. Other than that, you can simply choose the top 10 coins as your choice for investment since those coins are the safest options most of the time. As for the platform, Binance should be pretty good I've also been using it for a long time. I suppose there are a few other sites that give better experience but since your still just starting I think it's a good place to begin trading.
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Price starting to rise can't be the best time for investing because if someone decides to sell, the price can dump again. That is why it's recommended to invest only when the price is low because not all will have the guts to sell at a loss. Binance is cex but it's fine for short term trades. It's only bad for storing our funds there for a long time.
If that is bitcoin, anytime you are safe to invest if that is the purpose of a long period of investment but of course not on trading, it should be on a non-custodial wallet not on exchange. However, OP mentioned in Binance upon trading and I think that is the right exchange --they had supported a lot of coins and tokens on their platform and they are the highest trading volume in all crypto exchanges and I think it is worth it to pick as your trading exchange --plus, they have a feature that the called, [SAFU].
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're planning to invest and you don't have so much time to make speculation around the market, i suggest stick to bitcoin or alts which listed as a top 10 cryto in the market.. Indeed these is the right time to make investment since most of them are gradually gaining strength day and yes binance is a safe place to trade but remember "not your key not your coin" so be aware also and don't invest what amount you can afford to lose.. Price starting to rise can't be the best time for investing because if someone decides to sell, the price can dump again. That is why it's recommended to invest only when the price is low because not all will have the guts to sell at a loss. Binance is cex but it's fine for short term trades. It's only bad for storing our funds there for a long time.
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?
Basically you should have an idea about it because you're already here in the market for a year still you are thinking about where to start with.If you're comfortable woth using Binance then its good because its one of the safest exchange as of now also you have less fee compared to lot other exchange.
Fir what then start with BTC/USDT pair or any stable coin with bitcoin.
Start by determining whether you will be trading short term – including day trading such as futures or long term – where you will be buying coins and holding them for years to make a profit.
In my opinion, long-term investment is the best choice, we can get big profits and tend to be safe unlike futures trading. Just a suggestion, a crypto asset that is safe and able to provide large returns is BTC.
Yeah long term trading is sure. But, do you know why a lot of people tend to go for day trading or short term? The thing is that most people are not able to have that patience to wait for a long term.In my opinion, long-term investment is the best choice, we can get big profits and tend to be safe unlike futures trading. Just a suggestion, a crypto asset that is safe and able to provide large returns is BTC.
If you are investing long term you know that you should be ready to hold for some years, and sometimes it can be four to five years if what we are talking about here is Bitcoin, because the price usually starts another bullish and bearish cycle every time that there happens to be a Halving, I think four years. So most people can’t wait that long, and they need a source to be making income on a daily. So that is why they would usually prefer a short term or Day trading.
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're planning to invest and you don't have so much time to make speculation around the market, i suggest stick to bitcoin or alts which listed as a top 10 cryto in the market.. Indeed these is the right time to make investment since most of them are gradually gaining strength day and yes binance is a safe place to trade but remember "not your key not your coin" so be aware also and don't invest what amount you can afford to lose.. legendary
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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 confident with binance what are you actually confident about? Your ability to trade or your ability to make profit? Binance is only a platform. It is not a determinant of proft. Rest is your own skills to make profits, identify market movements and take actions.The choice of exchange should not be the factor to decide. Use one you are well versed with but give space to more than one exchange too, becuase of pros and cons.
If the thing that is mattering you is listing of new coins and getting them on exchanges quickly then Binance is good. Do talk with your local community and see what they are preferring.
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
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's quite difficult to advice someone to take something up because it pretty comes back at you with how or which trading strategy you will be using, are you the low or high risk type of trader and would you prefer high volatile markets as some coins have these big moves which reward big. But for now I think go with bitcoin as the asset to trade.
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A newbie has to read all those, get it to sink that trading is not just an academic exercise that you just read through and pass out from your course of discipline to be awarded your degree.which we do really thought that this market is really easy to handle out or easy to predict on but when you had stepped your foot into this place then you would find out that you had anticipated the wrong thing.
Sustainable is the thing we should be minding on, dont make yourself confident because dealing on this place isnt something that you could just handle it out.
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A newbie has to read all those, get it to sink that trading is not just an academic exercise that you just read through and pass out from your course of discipline to be awarded your degree.We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?
Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading. All these are good points for someone who thinks trading is easy. A newbie has to read all those, get it to sink that trading is not just an academic exercise that you just read through and pass out from your course of discipline to be awarded your degree. In trading it is every day learning if you want to stay on the market, it is practical and not to get rich quickly.
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?
Binance is a great place to trade, they are worth to be trusted because for me, they are the best cryptocurrency exchanger. You could first try to trade top coins, BTC and ETH, because they have high volatility which is good and bad when you're trading in futures. Just make sure that you're aware about your trading habits, because if not, you're gonna just lose your money.
Stock trading is not bad either, much safer but you need patient to wait for the right time to sell your coins.
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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?
My advice is to try to trade bitcoin with usdt. Try to buy low and sell high. You don't have to wait for the price to go up to a few hundred or thousands of dollars. But just enough for the price to go up into the tens to withdraw your profits. If you can get it and repeat the process 5 times or even more, always try to take a short break because it can make you greedy to get more. But if within 5 times you can't get a profit, try to take a short break or repeat it the next day because it will raise your emotions if you continue. 
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?
You can't go wrong with Binance, they are the top exchanges right now.
And i will say that majority here has been trading with Binance for years, although they have been breached before, at least they are SAFU. And CZ is very active, a good sign that he is taking care of his exchange and wanted to remain as the best and trusted exchange. So go for it, just remember to read the TOS though so that there will be no surprises on your end.
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?
The answer to your question is not hard to find. If you’re looking for the cryptocurrency to start for your trading, then it is definitely Bitcoin. It has a massive liquidity and is the best choice for newbies to start with.So I am recommending that you start with Bitcoin and you can then expand it to other cryptocurrencies if you wish. Another cryptocurrency choice I would also advise you to make for trading is BNB, this coin is fairly liquid and is owned by one of the world’s largest exchange. So it is worth considering, For the fact that it has an easy to read fundamentals. The next one is ETH, which has a massive potential. The coins that I have called for you are big coins in the market.
We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?
Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading. 
We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?
Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading. 
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?
Do you have already an idea of what cryptocurrency is? If still not, just a brief introduction on cryptocurrency like how it works or how to use it.After that, familiarize how trade works, how to use the exchange, how to deposit/withdraw first because you will need to fund your account and start trading.
For the technical part, there comes using some chart, basic use of charts how to use trendline and after those using indicators, then start to identify patterns, volume indicators, etc.
He said he has been using binance for a year, which proves he has been in the market for at least a year and of course he is crypto savvy. What he means is that he has some savings and he wants to start with day trading. Nowadays, there are a lot of channels on the internet especially Youtube that teach the basics of trading, so as long as the OP goes there and learns the basics the OP will know where to start.
Start by determining whether you will be trading short term – including day trading such as futures or long term – where you will be buying coins and holding them for years to make a profit.
In my opinion, long-term investment is the best choice, we can get big profits and tend to be safe unlike futures trading. Just a suggestion, a crypto asset that is safe and able to provide large returns is BTC.
In my opinion, long-term investment is the best choice, we can get big profits and tend to be safe unlike futures trading. Just a suggestion, a crypto asset that is safe and able to provide large returns is BTC.
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