What and where? - page 7. | Bitcointalksearch.org

passwordnow

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Quote from: lucifur on March 26, 2022, 11:34:41 PM

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?

Start with the most common and popular to trade with and that's with bitcoin. It's currently shooting up and there's the possibility that it may start to correct for a bit.
But as soon as you see that happen then it's now time for you to start buying it. There are actually a lot of pairs to trade in Binance and since you're already aware of the exchange, you explore all of those because you can see all of them.

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Quote from: lucifur on March 26, 2022, 11:34:41 PM

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 been using Binance for a long time which means you have completed your KYC obligations, because this is important otherwise your account can be frozen. trade on the spot and only on coins with high trading volume and use the funds you have on the exchange gradually don't go all-in, but all success really depends on the knowledge you have in trading.

cryptoaddictchie

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Quote from: lucifur on March 26, 2022, 11:34:41 PM

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 could start by studying basic trading principles. If you are gonna go for altcoins on binance, most of them have the same movement and totally depend on btc market. If you would notice that when btc is up the whole market got pulled by it and same goes when it goes down. However there are cases that alts are strong due to their demand and concept which I think even btc is down you could say they could stand on their own.

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Since you are a beginner, and you are learning on how to use Binance, this might be a good start for you - https://academy.binance.com/en?page=1
There is also some general knowledge in there about cryptocurrencies.

You could first learn a few basics like different types of orders, candlesticks and charts patterns, depositing and withdrawing etc, before you start trading.
Also make sure, when starting to trade, use only money you can afford to lose.

monineklutak

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Quote from: Jawhead999 on March 26, 2022, 11:57:35 PM

Binance is a good start for trading due to many features they offer e.g. margin trading, futures trading, scalping, a lot pairs etc. So you wouldn't searching other features since most of features already in Binance.

But since you said you're still new about trading, it's better if you try to learn about trading, scalping and chart movements first. You can try using demo account too.

When it comes to features, one of the most complete is Binance and many people use it,
with some of the features you've mentioned I think is one of the reasons why many people use Binance and that's without a doubt,
For beginners, it's safer to use a demo account, but it's different if you enter the real market

The Cryptovator

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Since you choose Binance to learn to trade, so research more about how it works. And regarding trading pairs, you have to choose yourself. You have to look at some top projects listed in Binance and research them. There shouldn't chance of delisting very soon that coin you are going to choose. Otherwise, you will lose everything. So the most important part choosing the right trading pair. On the other hand, you can't learn trading by seeing or reading tutorials. You have to start with a small amount that you can afford the potential loss. So some days you would be a full trader.

GreatArkansas

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Quote from: lucifur on March 26, 2022, 11:34:41 PM

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.

davis196

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You say that you don't know what do to,but you have been using Binance for a year?
How did you used Binance?Did you have a demo trading account or something? Grin

My advise for you is to get any possible information about trading(that is available for free on the internet) and just watch the videos and read the text content.
I know that practice is the best education method,but theory is also important.
You have to be prepared for losing lots of money in the beginning.Almost all traders begin by losing money.
This is just a part of the journey.Only the most persistent and disciplined will survive in this business.
You should avoid the higher risk trading tactics-like leverage trading.Stick with the big crypto-Bitcoin and the top 5 altcoins.Maybe after gaining more experience with the big crypto coins,you could jump into day trading.

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Quote from: lucifur on March 26, 2022, 11:34:41 PM

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

Jawhead999

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Binance is a good start for trading due to many features they offer e.g. margin trading, futures trading, scalping, a lot pairs etc. So you wouldn't searching other features since most of features already in Binance.

But since you said you're still new about trading, it's better if you try to learn about trading, scalping and chart movements first. You can try using demo account too.

lucifur

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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?

Topic: What and where? - page 7. (Read 866 times)