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Topic: What and where? - page 6. (Read 866 times)

legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
March 29, 2022, 05:23:01 PM
#31
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.
hero member
Activity: 2772
Merit: 634
"CoinPoker.com"
March 29, 2022, 04:28:44 PM
#30
What can you suggest?
If you've made up your mind to trade, I think you should arm yourself with the rudimentary knowledge of trading. No man dives into a river without knowing how to swim, else they drown. It's the same principle with trading. You risk blowing your capital if you don't have a rudimentary knowledge of trading, whether you're trading on the safest exchange or not. Again, while at it, avoid leverage trading. Stick to spot trading. It's way easier than leverage trading. You can start with buying Bitcoin. It's guaranteed that price will continue upward even when it dips. That way you won't panic to sell off in loss.
The main problem we have in the crypto trading world is that there are too many people who think that they could trade without studying about it, or getting better about it. People forget that we are in a crypto world, and it is so easy to lose money here which results with plenty of people not really doing the right way of trading. Of course you could do whatever you want, but in that sense you should be focusing on getting better.

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?
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
March 29, 2022, 09:52:38 AM
#29
What can you suggest?
If you've made up your mind to trade, I think you should arm yourself with the rudimentary knowledge of trading. No man dives into a river without knowing how to swim, else they drown. It's the same principle with trading. You risk blowing your capital if you don't have a rudimentary knowledge of trading, whether you're trading on the safest exchange or not. Again, while at it, avoid leverage trading. Stick to spot trading. It's way easier than leverage trading. You can start with buying Bitcoin. It's guaranteed that price will continue upward even when it dips. That way you won't panic to sell off in loss.
hero member
Activity: 1932
Merit: 622
March 28, 2022, 07:49:13 PM
#28
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?
So far, Binance is a good choice for me and becomes the first choice, moreover if related to CEX.
Investing in cryptocurrency really needs awareness and readiness for every kind of probability in the future, the worse may be the loss of money because of dropped market codnition. However, you can at least be wise in deciding which coin to invest in. If I were you, moreover because I am new enough, I will pick the top coin,moreover Bitcoin.
I will never put myself in high risks moreover if I really don't know about the ways of this investment. Or wisely, you can learn at first about investing and doing other activities in the future, ready for the rsik, and how you can manage and control yourself when investing.

Now, there are many altcoins which beling to shitcoins and their coins will be dead soon moroever if the team will no longer care aboutthem.
member
Activity: 1155
Merit: 77
March 28, 2022, 07:19:29 PM
#27
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?
I hope you understand that crypto trading is not always profitable and research shows that a lot of cryptocurrency traders quit trading because of this reason but it is easy to make profitable trading in crypto and that only if you choose to hold when the market downtrend below your initial investment price.
hero member
Activity: 2912
Merit: 627
Vave.com - Crypto Casino
March 28, 2022, 06:02:12 PM
#26
I guess ethereum will be more better than binance good as a new traders because ethereum is good for short term trading and it is very difficult to fail traders.
Why is it that it's difficult to fail traders? Well, trading is all about the trader itself and how he'll manage to trade these cryptos. Any crypto can fit a trader as long as he knows what he does.
Binance is an exchange but I guess you're talking about their token, BNB. Whether it's ETH or BNB, they're both good for a newbie and it's just going to matter how he's going to deal with both's volatility. One thing for newbies when it's for ETH, the fees are changing and sometimes it's quite high.
full member
Activity: 1190
Merit: 126
★Bitvest.io★ Play Plinko or Invest!
March 28, 2022, 04:08:13 PM
#25
I guess ethereum will be more better than binance good as a new traders because ethereum is good for short term trading and it is very difficult to fail traders. Binance is good for you to start learning but ethereum is more better to learn faster and how to earn well from crypto market in this season. Many successful traders you are see around the community, start with bitcoin and ethereum that made them who they are today. Try to invest on ethereum, I believe you will have a lot to learn from ethereum for you to know that ethereum still remain superior to all altcoins.
legendary
Activity: 3094
Merit: 1127
March 28, 2022, 02:27:04 PM
#24
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?
So here are few questions that you should answer.

Which one you do prefer? Active trading or swing/trend ones? You should find out for  yourself on where you are comfortable on dealing with.
Since you are already an old user of Binance then you arent that noob or new on which coins are really moving or does have volume/liquidity.
Its up to your own discretion whether which type of trading you do prefer and since its your money then its your full control on what
you do want to do.
hero member
Activity: 1288
Merit: 504
March 28, 2022, 02:01:22 PM
#23
If i get you correctly at OP, you stated that your learning how to trade and that could mean one of two things, either you've got no knowledge of trading at all or your just referring to yourself not to have traded live before.

If the first is the case, I would advice that you learn the basics of trading using demo trading simulation first. You get to face all the challenges those on a live trade face except, the emotions of fear on lose is minimal as you aren't using your actual capital. Live trading could always get so real and you could loose all your capital if you've got zero experience.

Take out the time and build a strategy that works on a demo trade and then apply it in a live trade then, see how it goes.
rby
hero member
Activity: 742
Merit: 611
Brotherhood is love
March 28, 2022, 12:57:55 PM
#22
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 have to pay attention to what you want to do and find the best possible way to do it well.
You said you saved up a few month. Will using part of your month savings be OK for trading? Trading needs good funds with less leverage to win. It could be nice if you can save up more.

You said you have been using Binance for 1 year and you also don't know how to use Binance. We're you actually using the Binance or you created account and left it idle.
They manner you called trading an investment makes me think that you don't know the risk associated with it. Please know about it, learn very well before you begin to use your savings to gamble or trade.
legendary
Activity: 1064
Merit: 1228
March 28, 2022, 11:04:26 AM
#21
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?
A list of coins or tokens on coinmarketcap might help you find the trading asset you want, but you can't ask for proper advice on something someone else likes when you don't know what to do. So go ahead and pick an asset that interests you, and start small and don't be tempted by bigger profits if you can't produce from small capital.

Before you decide which asset you want to trade, the trading platform is one of the things you need to consider. You should be able to define a good and reputable platform so that your money is safe with it but not keep your assets in an exchange wallet for long term [not recommended for security].

legendary
Activity: 2366
Merit: 1206
March 28, 2022, 10:39:35 AM
#20
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?
Choosing a good exchange is a good start and where you can entrust your money and let them hold it for your trading activities.
So you've chosen the Binance exchange which is a good pick, they've supported many coins listed on that platform and not only trading, either staking is also available on their platform.

I suggest having first knowledge and skills in trading and don't expect too much profit from the start because you're building up an experience there's a possibility of losing your fund.  You should always be ready when to decide to start trading, it's very crucial and not easy of making money and I hope you understand that in trading, earning isn't the most subjective, earning experience too is a must.
legendary
Activity: 2128
Merit: 1775
March 28, 2022, 10:29:28 AM
#19
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?
Crypto trading is basically the same as buying and selling, any platform is almost the same including Binance, only the difference is the type of crypto they provide, In general, Binance is the choice of many people in trading, besides the coins that are in the same are also coins that have good value and potential.

The bottom line is: if you want to trade crypto on Binance that's good the important thing is that you choose the type of crypto that has good opportunities for you in the future in terms of profit.
hero member
Activity: 1064
Merit: 843
March 28, 2022, 09:58:24 AM
#18
It's only goodnto trade on binance during bear season when all tokens is down or experiencing all time low. Binance is the most prestige crypto exchange so far it means that token being list there already experienced the best possible pump ever happened on its price. Buying on DEX with the project that still not listed on big CEX is the best investment for long term without relying on the token available only in Binance.
Trading doesn't guarantee you will earn profit and you suggest to trade during bear season is almost impossible for someone new in trading to earn profit. Most of trader always like trade on bull season since whenever they bought, it will increase.

Well, trading need both analysis about fundamental and technical, newly listed token doesn't have any fundamental since it's easy to manipulated. You're confusing between trading with skills and gambling in shitcoins.
full member
Activity: 1292
Merit: 101
Vave.com
March 28, 2022, 09:39:44 AM
#17
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 must trustable and number one exchanger in crypto industry. you already choice a good exchange. i at first i suggest you to invest in bitcoin. coz due to the big correction the bitcoin price drop a lot in this year . so this is the best time to invest in bitcoin then you can take a look in BNB , Ethereum and Litecoin. for altcoins you can search some binance listed low cap token and invest on there for long team
I am agree with you that he has already chosen a good and top exchange of the market .This is the most secure exchange in crypto platform .Though he has a good experience to use it for a year still he is new on trading i think .So what he needs to do that study a lot and spend many more to time on the market and also try to read the market properly .I don't wanna suggest to invest right now ,I wanna suggest to spend few more time to watch the market and spend more time to study different strategy and also research the market on technically .I hope after having a good experience start with small fund and gradually he will get everything where he needs to get entry and exit and also choose the right coin to invest on.
hero member
Activity: 1694
Merit: 516
March 28, 2022, 08:56:33 AM
#16
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 good choice, they are very large and offer a wide range of coins. Hard to give the perfect coin that will make big profits quickly. As a new trader I would recommend to go for a well established coin. Here you have enough liquidity in the market that you can buy and sell quickly. Also a popular coin means that prices will not move to fast, so the risk of losing a lot of money fast is relatively small. That's why for new traders it's best to go for ETH or BTC. It's a good place to gain some experience in trading.
legendary
Activity: 2212
Merit: 1008
March 28, 2022, 08:22:56 AM
#15
You can check https://coinmarketcap.com/ try to look at the top 20 coins they are good coins to trade and avoid coins that is newly listed and focus on the coins on the top 20. Binance, KuCoin, Bitfinex is some of the good exchange sites too. There is an exchange tab on coinmarketcap and you can see the list and their ranking.
hero member
Activity: 2744
Merit: 761
Burpaaa
March 28, 2022, 08:03:54 AM
#14
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 only goodnto trade on binance during bear season when all tokens is down or experiencing all time low. Binance is the most prestige crypto exchange so far it means that token being list there already experienced the best possible pump ever happened on its price. Buying on DEX with the project that still not listed on big CEX is the best investment for long term without relying on the token available only in Binance.
legendary
Activity: 1960
Merit: 1026
March 28, 2022, 07:59:08 AM
#13
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 good exchange site and one of the safest and secured exchange site. There's a lot of coins in the Binance and you can take a look at some of those and analyze the market of any coin and see if you can make a trading strategy but I suggest to choose high capacity or high trading volume coins rather than the lower cap so it will not be too volatile.
member
Activity: 840
Merit: 23
March 28, 2022, 04:57:31 AM
#12
Binance is one of the easy-to-learn yet trusted trading site currently, since you claim to have been on the site for a while, I'll suggest you open a demo account to test your abilities backing it up with learning, perhaps when you're convinced of how well you're able to handle the account, you could then open a real account and begin the real deal..

Good luck🥰🥰
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