Topic: which trading exchange site best for beginner ? - page 2. (Read 1300 times)
If all you have is $750 and you are hoping to start making money on the go in cryptocurrency, I will like to break it to you that your initial effort in this direction can lead to loss of your money. What you need is not an exchange as there are many of it, what you need is trading technique and advice!
I hope You can check them in coinmarketcap which exchange is generating more volumes on daily basis will always help us to trade their because most of the coin listed there will always have active developments. Based on the rank you can start trading in those exchanges.
As Binance has reached top in a short period of time, its interface is user-friendly and you don't have to verify you account to trade, so it would be better for beginner.
Use crypto exchange that has feature of stop loss because in my experience in crypto trading is very bad because I was choice exchange that does not have feature of stop loss. With very high volatility of crypto and the market open in 24/7 without close so to avoid loss we need to use stop loss for every trade. That exchange is Binance, okex, Biittrex, poloniex, gate.io .
For beginner is better avoid doing margin trading because this is more risky than spot trading. More than 50% of trader loss because doing margin trading, so to be more safe its better avoid margin trading for beginner. And for the exchange you can chooce of the top 10 exchange based their trading volume, and currently Binance is the biggest exchange.
The best trading site for the cryptocurrency is that which is directly integrated with the days of coinmarketcap since the numbers presented here are the most accurate compared to any other trading site, and that his only bittrex.
I have total $750 . i want to invest and i want to trade . so which trading platform so best for beginner ?
and can i make good profite per month with this amount ?
and can i make good profite per month with this amount ?
There is nothing like exchange for beginners I think what will be important for a beginner is the most user friendly interface in that case I will recommend binnacle, coin Base or idex
I have total $750 . i want to invest and i want to trade . so which trading platform so best for beginner ?
and can i make good profite per month with this amount ?
I will try to answer in detailand can i make good profite per month with this amount ?
About the platform:
1.Consider platforms where you can work in both directions (buy and sell)
2.Consider the platform where you can use the trading arms(NECESSARILY understand the rules and risks of using the trading lever)ask Google
About the amount of money:
1.I work in a closed-end investment fund, our profitability for the first 2 quarters of 2018 is 11% (All these promises to earn a million per cent per month - it's a lie)
This is despite the fact that we have very good traders
2.Do not be upset because you have little money, in order to learn money is not needed, the information is sufficient and in open resources, just look for the trader communities. Like this:
http://www.insiderport.com/ Or else
You can always start trading on a demo account. Remember - trading is not easy, there is a very large psychological pressure and great responsibility
You must understand, in order to earn in the long run, you must develop clear trade rules.
To develop a set of patterns, first to test them, just scroll the graph and see how all the inputs to your system were worked out. Then learn how to trade on a demo account
Only then try to trade small amounts to get used to the psychological pressure
Otherwise, you will not get the result
I had used EtherDelta a long time ago, when I was trading AION in the market. I was raw in knowing how trading works in exchanges. What is smart contract? What does these buttons do? Why place buy/sell order? These have been my questions upon when I was still starting up in trading in the exchange site. The UI is so massive that I didn't even know what to press, but I had adapted from it still. I would say there is no really good trading site for beginning in trading. You could start up in Binance and still end up trading like crazy. It is just a matter of preferences.
I would say the choice should be based on trust in the exchange itself, its guarantees of currency safety and the safety of the customer database.
What a strange poll, you need to choose from "3"
I certainly choose "3"
I certainly choose "3"
One of the best first coin sites that were made were hitbtc and hence it has the reputation in the market ever since even now every coin launched in the market in the ICO comes to hitbtc do you get everything accessible from one place
I suggest you try Binance with low invesment amount because of 3 reasons:
1. Low trading fee if you use BNB (0.1% fee)
2. Easy platform for traders and fast server
3. Low withdraw fee
1. Low trading fee if you use BNB (0.1% fee)
2. Easy platform for traders and fast server
3. Low withdraw fee
Actually, I liked Atrocityx's post, it’s quite simple and detailed at the same time. However, I’d like to add to this list one more exchange, cex. I only can’t decide to which category is it better to assign it, coz the website may serve a good start for beginners, and it also great for experienced traders. But, I think that it fits to the first category better, because ‘it was my teacher' in the area of trading.
Depends on what token or coin a beginner would like to trade. I started with Poloniex 3 years ago, but its been a year since I last touched my Poloniex account after reports about delays in withdrawals and deposits and the recent KYC policy. Bittrex has been my favorite trading site because of the volume and coins listed there. In Binance, they are a good trading site but what I hate from them is there will be leftovers in every coins you Sell.
As we are saying about Bittrex and Binance etc which are best and well rated exchanges so all these are working properly and now it is your turn to handle the coins and make good decisions. Exchanges are providing paths for your trading and rest it is you to handle it, if you handle in proper manner according to the rules then you will be successful and if you do not handle properly then you will not get for what you are here.
Looking for an easy and friendly exchanges user, you can try Bittrex, Poloniex, Kucoin. I engaged those exchanges with no problem not unlike the others which I didn't want to mention in here. Anyway, we have different visions and likes, but I really feel comfortable of having trades on this and in terms of securities, definitely you can trust them. Only be sure to check sites before logging in if it is the right one.
if you have limited capital it's better you trade at a place of exchange that has a very high trading volume so you can get a lot of profits because of the coin price movement will be fast.
Depends on what token or coin a beginner would like to trade. I started with Poloniex 3 years ago, but its been a year since I last touched my Poloniex account after reports about delays in withdrawals and deposits and the recent KYC policy. Bittrex has been my favorite trading site because of the volume and coins listed there. In Binance, they are a good trading site but what I hate from them is there will be leftovers in every coins you Sell.
they all are the same at the moment, why are you looking for a different one? binance is the best one because it is the most famous one, otherwise, just go for kucoin and you would be more than happy about that one
Decentralized exchanges are pretty easy to use like idex and switcheo, but you should look for high volume low withdrawal fee with that kind of investment.
Great, I agree to your point mate in which that amount could roll as you will have a great profit in a couple of days. Actually, it depends upon a trader's ability since each and everyone of us have different perceptions on how to deal those things as we believe we can have a great amount of profit since we are here in crypto currency community. Also, it depends on our fortune like if you will choose a coin have a potential to be increase in the future, having a great amount of profit.
Decentralized exchanges are pretty easy to use like idex and switcheo, but you should look for high volume low withdrawal fee with that kind of investment.
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