Topic: What do you trade? - page 3. (Read 636 times)
I'm trading bitcoin right now because is really pumping in the market which many traders are making a good profit from their trade in the market. Since bitcoin started pumping in the market, that is causing many traders to trade with bitcoin because the way is rising in the market everyday,that is making other cryptocurrencies to reduce during the pandemic. Many traders are testified about the benefits most of them have received from bitcoin since it started pumping in the exchange market.
I started trading forex, before I decided to try crypto out. It been profit upon profit ever since I started. And I'm very glad I did. It was a very difficult thing when I was looking around for who to train me, but to some extent now. I have learnt some stuffs that has made a pros in trading. I even conducted a free lesson for some of my junior colleagues at work. Who are looking for ways to increase their FI financial intelligence. And I have been able to teach them some of the things that I know. Knowledge is power.
It's actually different for everyone. Most people just do the same way @GreatArkansas does - selecting pairs that are currently making moves and taking advantage of it. But for me, I have a few favorite pairs that I do trade from time to time since I've gotten to know the projects and I'm part of their community.
its good to be in love with a coin(s) which you only buy it (them) but if you noticed at the moment the market is not doing well and not all altcoins are in bull market , just few are
making pumps from time to another , so i think buying a slow coin that doesnt make you profit from time to time is not a wise decision , exactly like what happened with XRP lately .
so like other members above said , its better to make a filter of coins with the highest volume in last 24h and trade , you will got a better profit chance this way .
What are your most common trades?
What do you mean....! Altcoins that we trade...! Or our trading market...!OP, in general if you ask me the answer is very clear that I trade Bitcoin, it is common and I always trade every hour and day.
Other altcoins are also involved in my trading: for example Ethereum, and there are a few other coins that have taken part, but the two coins I mentioned are very common in my trading.
I have done business and it has made me very profitable. The best way to trade is to buy at a lower price and sell at a higher price. If you are not dependent on a currency you need to invest in Bitcoin as well as Altcoin. It is not possible to say when it will rise so in both cases it will be better to make a profit. Defi projects in the market are trying to rise a lot. As the value of currencies increases so will the value of tokens.
If I include the pairs that I trade on the crypto market a lot, I do not know a trading pair. When the market moves. I look at Bitcoin or Altcoins and select them and trade.
Thanks for the answers guys, I understand which pairs I should be looking at now! Cheers.
Glad I could help. I'd like to add that you have to make a decision on which pairs to trade. For instance, if your focus is to accumulate more BTC, then trade BTC/altcoins pair but if it's USDT (or other stable coins) that you're after, then trade those altcoins/USDT pairs. Like I said earlier, it all boils down to what you want. So it should be based on your personal preference and not someone else. Also start working a trading system that would have structures that determine most of your trading activities like which pairs to trade, which indicator works for you (if you do TA) ,or when to trade etc.
Hi,
I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
i usually trade with any token paired with BTC. but if you get a profit, my profit is paired with USDT. so USDT is the deposit of my trading profit. hope it helps you I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
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Since you are still a learner, start off with crypto/stable coin trading pairs like BTC/USDT or ETH/USDT. This will make it easier for you to determine your entry and exit points, Profit or loss etc
Also stick with top marketcap coins and avoid brand-new coins/tokens that don't have great trading volumes.
Also stick with top marketcap coins and avoid brand-new coins/tokens that don't have great trading volumes.
Op stick to this advice by the user I qouted above (use it as a reference) and you'll be just find in the industry. Don't be in a rush to make profits and dive into trading altcoins to altcoins especially those news ones listed almost weekly on binance (innovative zone). They can create you huge profit but that chance is minimum to the lost they can create due to the impact of bitcoin on the market currently. Trade stairs too coins and gain the experience you'll need when tackling other market.
Every coin reaction to the movement of bitcoin that means if bitcoin was to experience any small price corrections, these coins dump aggressively. The altcoins can easily be manuka md too as they're new and have less trading volumes compared to other top coins.
Finally, your trading preference should come from your personal research and not suggestions from others as what works out for certain traders might not work your for you.
Thanks for the answers guys, I understand which pairs I should be looking at now! Cheers.
Hi,
I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
In the past, I always search for a coin with a red candle at the market, but I only choose the coin that can increase back in the next hours. That is before the crypto market has a lot of coins to trade. But after many coins get lists at the market, I decided to use the volume, but only select the potential coin as before. But now, I try to trade bitcoin pair usdt, but sometimes, I trade altcoin pair bitcoin which can give me a profit in bitcoin. If you can trade bitcoin pair usdt, it is enough for you to make a profit because if you select the altcoin, that will be too many altcoins that you need to analyze.
90% of the time I'm trading alts and the rest are some BTC/USD(T)(C) hedging and securing positions trades.
I find it works well for me because I'm following almost every promising new coin and buying on the news, selling after. The most annoying is that a big chunk of time is passing through meaningless messages and tweets.
I find it works well for me because I'm following almost every promising new coin and buying on the news, selling after. The most annoying is that a big chunk of time is passing through meaningless messages and tweets.
Since you are still a learner, start off with crypto/stable coin trading pairs like BTC/USDT or ETH/USDT. This will make it easier for you to determine your entry and exit points, Profit or loss etc
Also stick with top marketcap coins and avoid brand-new coins/tokens that don't have great trading volumes.
Also stick with top marketcap coins and avoid brand-new coins/tokens that don't have great trading volumes.
Hi,
I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
I usually stick to bitcoin pairs but I don't use the funds that I've got in holding. I spend extra cash for buying bitcoin and that's the usual accumulation strategy which is profitable in the long run. That's the DCA - dollar cost averaging, a continuous buying order as long as you've got money to spend for. I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
It's not the typical day trading idea because I know that it could make my situation worst and could lose me a lot of money. That's not advisable for people like you who just turned learning about it. You can start your trades with bitcoin/usdt or any stable coins or your with local fiat currency if the exchange supports it.
It's actually different for everyone. Most people just do the same way @GreatArkansas does - selecting pairs that are currently making moves and taking advantage of it. But for me, I have a few favorite pairs that I do trade from time to time since I've gotten to know the projects and I'm part of their community. Occasionally, I do check out coins that have done well in a period - like the last 24 hours and I trade them based on the market activity for that day.
The truth is, when you start getting more experienced with trading, you tend to build your very own trading system and with time, you will have your own way of picking assets/coins to trade.
The truth is, when you start getting more experienced with trading, you tend to build your very own trading system and with time, you will have your own way of picking assets/coins to trade.
I am trading based on trading volumes, like the highest, the better and it is more active market. Just think that the higher trading volume, the more money are circulating within that pairs or the more people currently trading that pair.
Example here in Binance Futures, I am sorting the list based on volume, so for me, I can select from top 1 - 10 from the sorted list based on trading volume.
Example here in Binance Futures, I am sorting the list based on volume, so for me, I can select from top 1 - 10 from the sorted list based on trading volume.
Hi,
I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
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