Title: newbie binance questions Post by: forestx on February 19, 2018, 11:27:37 PM I have just started trading with Binance as opposed to investing and have a couple of questions
1st what can I do with dust, left over bits of coins after a trade I did google this and it said to trade them for BNB but this isnt an option for the coins I have Also and more of an issue is why am I losing money on winning trade I put 1/2 my bitcoin into ARN and set it up to sell half my coins at a certain level and the other half at another The trade was successful 1st level was 2% 2nd level 3% However I got back less btc than i put in - this seems to be the opposite of what I want did i do something wrong does this not work as a way of trading Thanks Title: Re: newbie binance questions Post by: Andrey123 on February 20, 2018, 04:25:00 AM This exchange is too complicated for beginners.
It was necessary to begin with Bitrix at least. There, the charts are normally read and the design is good. Plus, you need to understand the price movement of the selected coin. Ideally, you need to buy at the bottom, and sell on the ceiling. But beginners can not see these faces and go either at the peak of prices or they sell when the price has already stopped falling. Title: Re: newbie binance questions Post by: timikulit on February 20, 2018, 04:59:29 AM I have just started trading with Binance as opposed to investing and have a couple of questions 1st what can I do with dust, left over bits of coins after a trade I did google this and it said to trade them for BNB but this isnt an option for the coins I have Also and more of an issue is why am I losing money on winning trade I put 1/2 my bitcoin into ARN and set it up to sell half my coins at a certain level and the other half at another The trade was successful 1st level was 2% 2nd level 3% However I got back less btc than i put in - this seems to be the opposite of what I want did i do something wrong does this not work as a way of trading Thanks Did you used Binance coins as fees for lower transaction cost? If not, there will be a left over ARN token in your binance exchange wallet. Maybe that is the reason why your balance in bitcoin is lower than previous even if you are 5% gain in your trades. Utilize the Binance coin (BNB) you must use it when trading on binance. its a must not an option. Title: Re: newbie binance questions Post by: forestx on February 22, 2018, 01:31:43 PM I dont have bnb but this cant just be about holding that coin which gets me half off
I have just entered a trade and bought a coin going down Putting am order in the order book to sell at the same amount i did buy it at I noticed that i'd lose 3.5% If I sell it at 4% up in the order book I'd only make 0.29% back in bitcoin amount There is something serious amiss here this doesn't make sense |