Bitcoin Forum

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 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.

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

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? ;D
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.

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.

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.

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

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.

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.

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.

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.

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🥰🥰

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.

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.

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.

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.

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.

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.

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.

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.

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].}

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.

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.

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.

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.

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.

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.

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.

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?

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.

Start by determining whether you will be trading short term – including day trading such as futures or long term – where you will be buying coins and holding them for years to make a profit.

In my opinion, long-term investment is the best choice, we can get big profits and tend to be safe unlike futures trading. Just a suggestion, a crypto asset that is safe and able to provide large returns is BTC.

He said he has been using binance for a year, which proves he has been in the market for at least a year and of course he is crypto savvy. What he means is that he has some savings and he wants to start with day trading. Nowadays, there are a lot of channels on the internet especially Youtube that teach the basics of trading, so as long as the OP goes there and learns the basics the OP will know where to start.

good point, trading is not a way to get rich quick. Here, a healthy development structure is needed, in contrast to marketers who offer their products for trading to get rich quick, by displaying the luxury they have. and in the end many are disappointed. after we understand that, it would be nice to learn in theory and put it into practice, so that we will know the difficulties in trading, which of course the psychological factor will be very dominant, because in trading it doesn't matter what graduates we are from.

Trading is much harder to be good at then most of things out there. Trading needs constant learning and being able to control emotions to not mess your judgment.

The answer to your question is not hard to find. If you’re looking for the cryptocurrency to start for your trading, then it is definitely Bitcoin. It has a massive liquidity and is the best choice for newbies to start with.So I am recommending that you start with Bitcoin and you can then expand it to other cryptocurrencies if you wish.

Another cryptocurrency choice I would also advise you to make for trading is BNB, this coin is fairly liquid and is owned by one of the world’s largest exchange. So it is worth considering, For the fact that it has an easy to read fundamentals.  The next one is ETH, which has a massive potential. The coins that I have called for you are big coins in the market.

You can't go wrong with Binance, they are the top exchanges right now.

And i will say that majority here has been trading with Binance for years, although they have been breached before, at least they are SAFU. And CZ is very active, a good sign that he is taking care of his exchange and wanted to remain as the best and trusted exchange. So go for it, just remember to read the TOS though so that there will be no surprises on your end.

My advice is to try to trade bitcoin with usdt. Try to buy low and sell high. You don't have to wait for the price to go up to a few hundred or thousands of dollars. But just enough for the price to go up into the tens to withdraw your profits. If you can get it and repeat the process 5 times or even more, always try to take a short break because it can make you greedy to get more. But if within 5 times you can't get a profit, try to take a short break or repeat it the next day because it will raise your emotions if you continue.

Binance is a great place to trade, they are worth to be trusted because for me, they are the best cryptocurrency exchanger. You could first try to trade top coins, BTC and ETH, because they have high volatility which is good and bad when you're trading in futures. Just make sure that you're aware about your trading habits, because if not, you're gonna just lose your money.

Stock trading is not bad either, much safer but you need patient to wait for the right time to sell your coins.

All these are good points for someone who thinks trading is easy. A newbie has to read all those, get it to sink that trading is not just an academic exercise that you just read through and pass out from your course of discipline to be awarded your degree. In trading it is every day learning if you want to stay on the market, it is practical and not to get rich quickly.

Newbies specifically like to believe that it's all rosy when it comes to trading, and I ask them to show me a general in the military without a mark. The mark may not be visible but it's somewhere. That's the way trading is. I once told someone who was coming into Forex trading that he would blow his first funded account before he would begin to believe Forex trading was a serious business. He felt I sounded pessimistic and screamed there was no way that would happen. Long story short, it happened. There's no profitable trader who doesn't have a history of failure or burnt account. The earlier newbies know this, the better for their peace of mind.

All starts on being a newbie and its true that all of us would really experiencing that blown account specially into those start up times or moments that we do have.Yes, we do have that really very common impression

which we do really thought that this market is really easy to handle out or easy to predict on but when you had stepped your foot into this place then you would find out that you had anticipated the wrong thing.

Sustainable is the thing we should be minding on, dont make yourself confident because dealing on this place isnt something that you could just handle it out.

It's quite difficult to advice someone to take something up because it pretty comes back at you with how or which trading strategy you will be using, are you the low or high risk type of trader and would you prefer high volatile markets as some coins have these big moves which reward big. But for now I think go with bitcoin as the asset to trade.

you're doing the right thing by starting on binance. because there are more choices of coins or tokens to be traded. but for a safe investment try to see references from the top 100 coins on coinmarketcap

If you are confident with binance what are you actually confident about? Your ability to trade or your ability to make profit? Binance is only a platform. It is not a determinant of proft. Rest is your own skills to make profits, identify market movements and take actions.

The choice of exchange should not be the factor to decide. Use one you are well versed with but give space to more than one exchange too, becuase of pros and cons.

If the thing that is mattering you is listing of new coins and getting them on exchanges quickly then Binance is good. Do talk with your local community and see what they are preferring.

if you're planning to invest and you don't have so much time to make speculation around the market,  i suggest stick to bitcoin or alts which listed as a top 10 cryto in the market.. Indeed these is the right time to make investment since most of them are gradually gaining strength day and yes binance is a safe place to trade  but remember "not your key not your coin" so be aware also and don't invest what amount you can afford to lose..

Yeah long term trading is sure. But, do you know why a lot of people tend to go for day trading or short term? The thing is that most people are not able to have that patience to wait for a long term.

If you are investing long term you know that you should be ready to hold for some years, and sometimes it can be four to five years if what we are talking about here is Bitcoin, because the price usually starts another bullish and bearish cycle every time that there happens to be a Halving, I think four years.  So most people can’t wait that long, and they need a source to be making income on a daily. So that is why they would usually prefer a short term or Day trading.

Basically you should have an idea about it because you're already here in the market for a year still you are thinking about where to start with.

If you're comfortable woth using Binance then its good because its one of the safest exchange as of now also you have less fee compared to lot other exchange.

Fir what then start with BTC/USDT pair or any stable coin with bitcoin.

If he can't allocate time for speculation or analysis then he shouldn't be here at the first place because this place is not for the lazy. There is no easy money on here. Btc is said to be the safest of them all but imo it still needs analysis or speculation if there will be an incoming bear or bulls, that helps you to decide if you should buy or sell.

Price starting to rise can't be the best time for investing because if someone decides to sell, the price can dump again. That is why it's recommended to invest only when the price is low because not all will have the guts to sell at a loss. Binance is cex but it's fine for short term trades. It's only bad for storing our funds there for a long time.

Well, what a coin that you are talking about starts rising?
If that is bitcoin, anytime you are safe to invest if that is the purpose of a long period of investment but of course not on trading, it should be on a non-custodial wallet not on exchange. However, OP mentioned in Binance upon trading and I think that is the right exchange --they had supported a lot of coins and tokens on their platform and they are the highest trading volume in all crypto exchanges and I think it is worth it to pick as your trading exchange --plus, they have a feature that the called, ^[SAFU].

Bitcoin. The most staple investment that wouldn't really fail you (most of the time) if you bide your time. Other than that, you can simply choose the top 10 coins as your choice for investment since those coins are the safest options most of the time. As for the platform, Binance should be pretty good I've also been using it for a long time. I suppose there are a few other sites that give better experience but since your still just starting I think it's a good place to begin trading.

Since you are using Binance, I guess this is very important for you before you'll be going to start, and really it helps you to decide.
https://academy.binance.com/en

I suggest not skipping anything from that online academy. It was more advantageous for you to have a deep understanding of how this exchange runs and also the don't and do's.

Learning is very important and a tool to succeed. Keep that confidence as well as this it helps for you then. And there is one last reminder to keep, "Be careful in choosing coins to trade".

You have already said that you are using Binance for trading.  You are already trading in a good platform.  If you can do a good market analysis then I think it would be good to invest here. Apart from that there are some other platforms like: Ku-coin, Ftx etc, you can try these.

It all boils down to what you have been able to learn and which aspect of the trading you feel more confident in. each has it's own risk measures. A year of learning from binance academy is enough to spot your weakens and strength and this part is what you alone knows. So find your market strength and improve on but don't forget lose is part of the game don't give up when you meet it in the journey to perfect trades

Yes, binance is a highly recommended cryptocurrency trading exchange. It is very popular around the world and it is hard for you to see anyone who is not starting with binance.com. It’s just totally everywhere, and in my country you wouldn’t see any youth that is trading cryptocurrency and they do not have binance.com trading app on their smart phone and  making use of it on a steady.

When I started, I started with coinbase.com and as time goes on I got to know about Binance.com and it has been a really good option and the best exchange that I have been making use of for years now.

binance is indeed the best exchange for transactions right now, and if you want to invest funds from savings and for a long period of time then you should choose a major coin, in my opinion bitcoin, ethereum, bnb, xrp can be an option to invest directly without having to analyze it too detailed, and even safer stored in a personal wallet afterwards. especially if during a price correction like this time, of course, you will benefit from getting a relatively low price, so that in the next few years at least we will get more profit than bank interest rates. but this cannot be used as a benchmark for time, if you are patient, of course you will get a profit

Since you are using Binance for a year now, at least you should know some trading basics from now and much aware of their trading interface, for easy navigating and trading. You have to remember that choosing a coin is a tough one and our portfolio list is out of our own preferences.

For a start, you can test trading Bitcoin or BNB since the purpose is to become familiar with how trading works.

As you move forward, it's impossible for me that you won't learn something about it and eventually, you can now move to the next stage which is picking your preferred coins. You need to put time and effort into that.

If you are completely new to trading then I would suggest starting with potential coins like BTC, ETH, BNB, SOL etc...
You can start with these coins and trade them and try to earn profits. Keep changing your strategies and keep improvising them.
Once you earn profits for 6 months or so you can start exploring other coins and start trading with them one by one.
But keep in mind to use stop losses and stick to your analysis and targets. Don't trade based on emotions.

First of all congrats on taking successful step while stepping into trading and that’s saving the money and then investing it into trading. Honestly, many of us just go crazy while trading and we put our money which is required in daily budget expenses. It’s good that you have saved up money and then investing into it.

I would also positively vote for you on using Binance as your trading platform. The app is user friendly but still there are dozens of options to choose from so choose your trading ways correctly. You can also have staking earning method.

^ A simple but quite good advice, every trader should learn how to set up stop-loss and must stick to their own analysis and strategies in trading. Trading does not have frequent strategies and analysis so you must use near accurate that has a better result than your previous analysis.
As OP said, the Binance exchange is enough for traders who wanted to have many coins to trade and for that highly trading platform as of now.
I suggest also to make or draw your own conclusion and do not rely upon other's opinions, trading is very risky and first, you must understand this first.

If you are prepared for trading and have enough dollars to invest, you can opt for a Binance exchange for training. But I can give you a small amount to learn by doing demo account before trading.

Those are some of the most basic questions that you can ask as an investor or a trader, the fact that you have no idea at all tells me you are simply not ready to become part of any market regardless of the size of your capital, let me ask you a question, would you try to build a house without any knowledge related to it? I guess the answer is no, which begs the question, why are you willing to do this when it comes to trading? You will be wasting your capital by doing something like this.

Binance exchange account is best for trading. There are different types of signals for you to understand. Futures Trading Spot Trading Margin Trading etc. in Binance Exchange Account The subject is very well given so you can easily understand. And since you are not very knowledgeable and experienced about your trading, you need to know better.

Anything works, as far as you are trading with one of the top coins as for a start. And the top coins that I’m talking about are like Bitcoin, Ethereum, and you know the rest of them in the market. So, you can start with these ones as they are much a better choice and has a bigger market cap, and also higher trading volume on a daily.

As time goes on, when you have in depth knowledge on how trading and everything in the market works, you can then start to pick interest in other cryptocurrencies that would serve as an alternate choice to the one you already have. So, as for now do not just rush into all those smaller coins, start with the top ones and make your way through.

Binance isnt the best for sure but we can say that is the safest exchange and that is the most important thing for me since I got burned couple of times on other exchanges.

As you mentioned you are new so l recommend stay away from futres,margin trading as they are risky. Spot trading is better choice. You can do scalping but before this first Learn reading charts especially DCA. I believe that it will help you in day trading and you will start a good experience here.

You can start with Binance, they offer a lot of coins you can choose from and most of them are thoroughly reviewed by the Binance but that doesn't guarantee that the coin wouldn't be a scam or won't be volatile (aside from stable coins) You can take a look at the top cap coins at https://coinmarketcap.com/ and start with those coins with smaller amount to test the waters.

The OP never mentioned anything about learning how to read the charts and I think it is very important that we let him know that he is meant to do that. Unless he has already done it earlier but if he hasn’t then it is important that he get to learn about it because it is really going to help him in day trading of cryptocurrency.

I do not really see the possibility of being able to trade cryptocurrency if you don’t have any clue about technical analysis and other important things that you are meant to know. So, he should invest his time into doing all that so that he would be perfect before he starts trading.

Basing and reading up on what he said that he had been trading for a year which we do presume that he's already aware or known on how to make use of technical indicator which it is impossible that you wont really be

using up these things for a years time which do make out some pure guesses? Its impossible if you do ask me thats why its likely he's already that knowledgeable but he's not that contented on his performance or outcome

after a year of trading and now he's been asking out into the public on where he should start or maybe he's been holding his funds in binance for a year now? Its not been clarified.

Well, OP. there is a guide that could help understand how to use Binance exchanges. I encourage you to take that seriously and focus on learning first before an experiment. After you've got a clear idea, I guess that was the time to move for actual trading and this is the time you could learn more and build up your decision making.

That really matters upon trading. Looking at the CMC gives him insights into what coins should have been used for trading coz this will affect the results. Likely, we can't even be sure if our strategies really working.

There shouldn't delisting very soon that coin you will pick. Any other way, you will lose everything. So the main part picking the right exchanging pair. Anyway there are cases that alts are solid because of their interest and idea which I think even btc is down you could say they could remain all alone.

Maybe for beginners it is better to learn and improve knowledge and skills in trading,
trying to do scalping I think it is a good decision and the risk is also not too big like margin trading,
what is certain is that trading is not easy and there will definitely be risks so continue to learn everything and seek experience

Finding a really good coin to invest in the cryptocurrency market is not much of a big deal unless you are one of those people who usually want to make up to 100 times profit within a short time.

I usually see some people who would be looking for new crypto-currency projects that they will invest their money in because they believe that within a short time that these coins can go about 100 times increase in price and that would fetch them more profit than investing in the bigger cryptocurrencies like bitcoin and ethereum. Advice would be that you should stay away from such rather go for the top coins in the market and start investing and trading in them. that would be a better choice for you now.

Trading the markets without knowing anything about TA is a terrible idea, I could understand if an investor did something like this as instead they look at the fundamentals of the asset they want to buy, and if they like what they are seeing they can just buy the asset and hold it for the long term, but if you are to trade any market then a deep knowledge about TA is necessary, otherwise how are you going to know when it is a good moment to sell or to buy without it?

Having no knowledge about technical analysis is something like that you are in a war without having any guns to use which would simply denotes that you are making yourself get killed just like here on this market if you came here unprepared then you would be finding yourself in big trouble or simply blowing up your capital in almost instant or shortest time as possible thats why its important that
you do at least know on how to learn and make use of these indicators on which you do at least aware on what you should gonna do and not just make out some random and gut feeling kind of
decision making.

One of the best Exchange to trade on is Binance. Although they have few coins there unlike other exchanges that would blow your portfolio with shitcoins. They gather as much shitcoins as possible, and Alot of traders like purchasing shitcoins with their last funds all in the fact that it would pumped. The best exchange to trade currently is Binance, because coins are hardly listed there, before it is Listed there, it must have gained enough popularity and high market value. Coins don't just get listed on Binance. Like the over hype memecoin, BabyDoge. Till now, it's not yet listed on Binance, to show you how accurate it is, the exchange is trying their possible best eradicate scammed tokens. I would urged you to go for coins like Shib, Doge, Rose. These coins are dipping currently, now is a good time to bagged them.

no one doubt, binance still be best crypto exchange in market today, huge daily trading volume be main interested thing that attract traders using binance. beside of this, majority coin in binance have good quality which is filtered strictly by binance team so shitcoin have low possibility to get there.

when a project could bring their token listing in binance, hype and fomo will occur and attract traders to buy it before listing. alot opportunity while we buy it before come to binance. traders will speculate on fomo and taking proft when it listed.

One of the most common target of project owners is getting listed itself into binance but we know that not all coins listed on Binance are good but somewhat its been filtered out and much better compared into
most coins or projects in the market which you could not really blame out people not to think about this way.Speaking of dip and correction then you should know on when to make out some action
or to accumulate but of course with the bearish sentiment or emotion on the market then you would be always having those doubts and fears anytime you do make out decision.

one of the coins on Binance that is still cheap in my opinion is AMP, yes indeed AMP was just listed on Binance a few months ago,
of course AMP is not just any project, but a very good project, don't be afraid to buy AMP at the current price,
when This AMP price is only $0.025, a very cheap price in my opinion, just Hold for long time, im sure you will be profit maybe 10x.

And unfortunately this is something that we see in the market with a frightening frequency, newbies come to this market thinking on the money they can make, and while there is nothing wrong with that as some level of ambition and greed is necessary to succeed, the problem is they want to achieve that success without doing any effort whatsoever which could get them the success they are looking for, which is sad as trading without any knowledge about TA is the same as just giving your money away to the whales.

Exactly. Many newbies ignore this very basic thing and don't do their homework, and then they invest heavily and lose it all.

Do your own research and make sure you understand what you're investing in. Many people think they are following the fundamentals, but in fact, they lack knowledge, and this can lead to emotional reactions instead of rational ones. In the long run, this is a recipe for disaster. So if you're a first time investor, you should have a pretty good grasp of what's going on.

You already have that Binance, one of the trusted exchanges in crypto. What you need now is to trade. Well, that something isn't hard to start

https://academy.binance.com/en/learn-and-earn/course/BN713835621201989633
You use this course to further gain knowledge about trading, particularly in Binance.

I suggest not to rush trading, keeping in mind the risk. And the only thing that could help you to lessen the chance of losing is being equipped with knowledge and skill.

You can trade, but you have to understand the fundamentals of trading so that you won't endup losing your money, trading is just what you will just wake up and you think you will just start doing. If you don't understand trading you can just invest your money in bitcon for long term I believe that's a very nice idea, but if you think you know how to trade already then binance is the best place which you can trade.

Learn the Basics
Learn from Real experience
Accept losses and learn from it
Dont be impulsive in terms of emotion.

You would really be needing these basic things  to be learnt up for you to survive on this market.Whether you do decide
to go for long term type of investor or would go for short term based type of trader.Your choice!

And one of those fundamentals that people need to learn is that trading will bring losses as well, even if you have experience, knowledge and a good trading system losses can accumulate themselves and produce negative results even if you are doing everything right, that is just the price that you need to pay to be a trader but if you are not willing to accept that fact then you will eventually make a mistake that will hinder your account to the point a recovery is impossible, something that happens quite frequently to the newbies which have not learned that lesson.

right psychologically preparing to trade before starting is the most important thing, besides increasing knowledge about trading, so that we can learn in real about trading and can enjoy every loss to be used as a real knowledge base, so that in the future we will be better. I also agree with choosing Binance, because at least for beginners, fund safety is a fundamental choice so as not to disturb psychological stability

I think you are in the right place and in the right place to trade, because Binance is probably the most qualified exchange and can accommodate your needs. now you just have to decide what coin you are going to trade, of course it's not wrong to choose the best ranking that is in CMC / CGK, if you really want new coins at least you can see those that have entered the binance exchange can be used as the right reference. it's just a matter of time and place for you to execute what you are going to do.

Yeah, I agree there is nothing that could be better than just being on Binance, checking whatever you want, buying and selling with ease. I agree that choosing the biggest one can't be wrong, in fact I usually suggest those because the biggest names are usually biggest returns and that is a good thing.

I might be wrong, maybe there are better coins with better profits but at the same time how better could they be? They could be better this year, but next year they could be going down when bitcoin goes up, or fail to go down at the same moment .This is why the top 10 is a great place to start if you are a newbie, that is what I suggest to all newbies all the time.

Binance is a good and reliable platform you can use to get things done for yourself especially buying, selling and also trading. The only problem you might face is their KYC verification that normally takes time to be approved. You will have to learn one or two things about the platform so you can easily work your way around it without stress. You can download Binance Academy to learn more about Binance and crypto entirely.

What you have been trading in binance for a year? If you havent done any trades then its better to start up with scratch.Try to learn up the basics specially with technicals yet there are lots of
tuts and courses  which you could find for free.Also you could snip out some good ideas from traders in the market but never ever tend to pay up something for you to learn yet everything
is free and attainable here online. When you are trading then dont rush up yourself on learning everything because this would takes a long time and have that effort which is needed.

That's how Binance really is which is one of the popular platforms that has full features I think,
whatever it is, what Binance has to offer is truly amazing and backed up with great security too,
related to KYC verification, you just need to wait and be patient

I don’t believe so. I also make use of Binance.com and while verifying my account it never took long. once I uploaded my documents it took around 24 hours for them to get it verified. It’s not like other platforms or exchanges where you would upload your ID for verification and you would have to wait for days before it is verified. The process is usually faster than most of the other exchanges that you would see in the market.

So, for me Binance has always been the best choice to make and it is well recommended for people who are newbies in the market. If you wouldn’t have to go through the stress of making use of other exchanges, then business is really the choice to make.

All types of crypto investments have high risks, think back to that, but if you still choose to invest in crypto and use Binance to trade it I suggest you choose BTC spot trading, although it still has risks, but the risk is very minimal compared to options other.

Market is never been stable whether there's a war or none and its really hard to determine on what would be the possible bottom and if you do tend to accumulate with the current price as of this moment then i would

say that it isnt really that a bad idea.If you do go short term then having these short time declines or price decrease would be a sweet spot for you to take or head on and not would really be just waiting for

more deeper correction or something like that.Whatever kind of motive or target you do have then it is really subjective to change basing up with your own preference.

You can start trading with Bitcoin, ETH, cardano, and binance coin. And you can as well add the USDT to the list. As time goes on as you continue to be more experienced in trading, you can decide to add whatever other coin that you think is good for you to add. When you’re more experienced you would be able to look into other cryptocurrencies and be able to tell whether they would be a good choice or not. For now, just take the bigger cryptocurrencies that we have in the market and trade them.

Binance is already a really good platform for trading. It is very popular and a lot of people make use of it and so far from my experience I can as well tell you that it is a reliable platform. And one thing I like about it is the fact that they have a customer support that is always there to be of help.

When I see people asking for where to invest from random strangers, I know those asking might lose their fund! If you want do know where to invest, investing or trading shouldn't be your priority. You should start learning and get excellent at it. It's only when you are vast and well read that you can identify excellent project! You need a good coin that will last like bitcoin in a tupsy turvy cryotocurrency market!

Many people have mentioned Binance, and I can't really argue with them because it's a cryptocurrency exchange with a high reputation, and its trading process and processes are transparent and simple to grasp. However, one downside is that There Kyc, in fact, anything that deals with giving your personal data all in the name of kyc has rendered practically all such exchanges that require Kyc no longer a safe place. Please try to study, understand, and learn everything you can about cryptocurrency trading before you begin. Best wishes.

You have done something right and are already on a very positive note by accumulating to be able to invest from your savings for trading.
right now the main thing is, to motivate yourself that what you are going to do is because you have faith in yourself and not because of doubts, which will make you worried.

what you have done is of course correct, entrusting trading to binance because it is already recognized and you just have to decide which coin you think is the best. You can do an analysis first to determine which coins are worth buying and investing. As for my advice, BNB is a coin that deserves to be invested because last year it increased sharply and I hope it will happen again this year.

https://academy.binance.com/en

They got you covered for some beginner advices to trade for starters, also since you are going to use Binance for at least a year then it would be better to read it if you have spare time since most of the case they will use their own exchange platform to demonstrate and introduce you about Cryptocurrency world.

But still in order to master everything, you need to try those out by yourself after reading that articles. So, just don't be afraid to lose some small money that you can afford at first.

Binance exchange is the best for trading platform.If you have good knowledge about trading then you can trade. If you are a newbie then you must ask for help.Because there are certain rules and regulations for trading, you must follow them or your fund may be lost.Make some wrong people poor in trading.Since you are new you will start spot trading instead of futures trading.Then if you gain trading experience then maybe you can do futures trading.

You're in a good exchange already.

As suggested by everyone that should you trade there, you still need to do research so that you'll know what you're doing. It's okay to start with BTC and USDT or BUSD pair there.

Liquidity is high and that's where the new traders should start trading with, or if you don't like that pair, choose other pairs that has high liquidity which you can do scalping.

I think that the first thing to do is by ensuring yourself in the investment. It is not only about the big expectation to have or gain the profits. But also the risk that may make you lost.
Actually, Binance is a good platform.
If I were you because I am new enough in the investment, I will invest in Bitcoin or BNB right now. ETH is actually good enough, but the price has been highly skyrocketing. It may be different for BNB and Bitcoin but may still have a higher chance to rise up again.
But once more, DYOR again and again and take the risks as you ready

You are the ones who do make yourself get learn and its been mentioned that its been 1 year that uses up the platform.So what he actually do? Making it as a portal when converting his coins that he earned on other

sources? This is the only way i do think for someone to make use of exchange platforms instead on trading itself.Its true that he had been dealing with the right platform
So its better to stick out on a platform which you could trust on specially by the community.

If you are new at trading or say complete beginner, then I would advise you to go for paid calls.
Now if you can’t afford paid calls, then it would be better to go for free but prominent calls made by crypto veterans.
Now question might comes up in your mind that where to find free calls?
It’s very much simple.
Just go to twitter and follow some good crypto traders, then periodically tweet about the coins and their growth.
Follow them strictly and choose the best coins to invest.
According to my personal experience, 80% of the calls comes to be profitable.
Hope this helps you OP.

There are people that just use these platforms and exchanges just to convert and don't do trading at all. I don't find anything wrong with that because that's still trading.

You are correct about sticking to reputable ones and Binance is one of it. As we're saying, he's on the correct platform already and he just have to find where he's comfortable at that include the pairs.

I trade since 2017. Now, my best exchange is binance and I trade in this exchange which is a good quality and trustworthy exchange. I invest little amount in 2017, 2018, 2019 and 2020. After two years, specially, this year, I invest more as I can. So, learn more about crypto-currencies and after achieving deep knowledge, you could invest as you can.

They are all parts of trading, everyone would not do the same thing. I have friends that how they make their own trading is to be checking the market and whenever they see that USDT or Bitcoin, or any other cryptocurrency of their choice is sold at a lower price, they would buy it and then wait for it to be sold at a higher price and sell it on binance immediately.

So, it’s just all about how you want to do it. Binance provides a lot types of trading, it can be margin trading, future trading, and so on. So, whatever fits in for you and you know that you are going to be good at it, then it’s good to just go for that.

Are you sure that it was right? We are talking about savings here. It wouldn't be called savings for no reason. It was a money dedicated only for the future or for emergency purposes but there should be a separate money that is intended only for trading because trading is risky and there is no guarantee that you can recover what you have spent. Having a motivation is alright but it isn't all.

You can say that you will continue to invest even if you are already losing too much because you are motivated. That's wrong and there's no way to recover your funds that way. Learning and practicing should go first and then you can add other traits which can improve your trading performance.

Yep.

Whatever suits you, you should be making more and staying with that so that you'll be able to maximize your profit as you do it. Well, as our choice with Binance.

There are also other choice if OP or the others want to try out. But if he sticks to Binance, a lot of products that he can enjoy as well.

They have a lot more than just newbie help as well, you could learn so much from that place that I am sure you could be well into your veteran period and still learn a thing or two from there. Plus, they have the most wonderful glossary ever and you could learn so much from that as well.

I personally believe that there needs to be some sort of a situation where people could keep on learning even when they are veterans and binance could provide that. However, you are right about the master part, if you want to learn absolutely every possible angle of trading then you would have to learn from a few different sources plus with a lot of experience yourself.

I will advise you to start with the coins you know, I believe you know about Bitcoin, Ethereum , and other top coins if you have made your research. You should start with these coins, I believe that they are going to be a good choice for you to start with, instead of looking for new projects that you are not yet sure about what they would be like in the future. So try to make the right choice, start with the top coins in the market and later you can decide whether to trade any other coin.

And you are right for sure, Binance is the best exchange for you to start with. It has been around for a long time, and it is one of the exchanges that has the highest trading volumes in the market, so it’s definitely what you should go with for now.

now we already have youtube which is a place for many people including traders to learn self-taught, you can also learn from there (youtube) to be able to use binance and its features because binance is the best exchange in the world with complete features. although not so proficient, but I regularly learn about trading on youtube and often ask other seniors.

At the moment Binance is a very complete exchange, in fact it handles trading volumes that are quite good, although Binance has already shown signs of being careful, I would not like to have money there and then block it for possible investigations.

For some time now, Binance, due to a request for an investigation from other countries, blocked the accounts of Colombians for a while, this is something that does not add up to me, because things should not be like this. On the other hand, there is a lot of talk that it is giving data about Russian traders to the Russian government, so it seems to me that Binance is kneeling a lot to the governments, and this does not seem very ethical to me, I would think of other exchanges that are not like that, at less as a prevention.

Binance is a good for trading.Binance is more trustable for others platform.There are many benefits to Binance because sell any buy so easy.we are can $ sell/buy easily in this platform.if you know well then you invest futures trading platform.I think futures trading is also more beneficial.   

Binance is an undisputed platform because it is popular and safe for sure,
many people are already using Binance especially since it has complete features for trading or investing,
actually there are some good platforms but it depends on individual preference

Binance is a very good exchanger in the crypto world, so it a nice choice and I know I don't really know much about crypto yet because I'm still learning but I can say this is the best time to invest in bitcoin, because it had drop and you can say in next year to come it will rise again. So invest in bitcoin.

I do agree that Binance is the best right now and that makes sense for people to prefer Binance over any other place, at the end of the day it is not a big deal because if you put all of your money in there, they will protect it probably better than any other place that you would work with.

You could trade there, and if you pick a high enough volume project then you are going to end up with a quick trading and you will not worry about not finding anyone to trade it with because there are so many people and such a high volume there. Trading is easier when there is a high volume and what better place to trade than the place with the highest ever volume.

First of all don't be in a hurry. Binance is a good place to start but also know that whatever loss you can incur in any other exchange can also occur using Binance. I'd say stay away from Futures while you observe how it works. Spot is a better option.Try getting someone or people you can learn from as you get better at trading. As to what coin, sometimes you need to follow the trend but do your own research and check out projects being carried out.

But do you Know how to trade? that is the first question that must be answered because the way you talk here it seems that there is no clear stand about your real plans and being truthful .
what kind of trading is he planning , Buying short term or holding . there are questions must be answered .

You have chosen the right exchange as a place to trade because Binance is one of the largest and most popular crypto exchanges today, but if you are not used to trading there then you should try spot trading first with a small capital because in my opinion doing spot trading will be easier understood by beginners.

Look at the most volatile assets of day when you start trading and focus on them. It's not too risky in terms of taking margin for a position. This is one of my favorite strategies when trading on wowswap exchange

More Benefical? I don't think so!, for a new trader, I recommend not playing futures trading,
because it is very risky to lose all your money, look at how much money has been liquidated now when the price of bitcoin and altcoin dump,
yes it is millions of dollars! And the money will not just come back if you don't deposit anymore and play again mate

Not only millions but billions had been liquidated on the recent price decline or crash in the market.No one had really anticipated for this thing to happen and also playing with futures or leverage

isnt for everybody or someone could easily deal off with because it is way more too risky than with spot trading.If you dont have sufficient experience about handling this market then

its better not to touch up this area if you dont like for yourself to be fucked by the market or easily get liquidated.

Binance is one of the safest exchange in the world interms of stocking and holding Crypto. Newbies are urged to use the exchange for a start, because it's easier and simple to use. Binance consists of more features than any exchange except for exchanges that are centralized. Spot and futures trading are good for trading,  except futures which is not good for Newies because its involved high risks. Trading accounts
get liquidated easily if not manage with a proper margin and leverage. One good thing with Binance is that they don't just lists any coins on their exchange, they do it after examining the roadmap of the coin and checking the market cap. The CEO of Binance, Changpeng Zhao is trying his best to make all these happen with his strong team.

Apparently, any coin on Binance is very safe to buy. But the best coins to buy are the coins with low market cap and good use case. Such as Defi, Multichain, Smart contract platform, Governance and more.

You do not "have to" pick binance though. I suggest binance to anyone who would like to wager and there is no better place than binance and I support it and will support it until they give me a reason why I shouldn't. However, just because they are the best doesn't mean that you should use them at all times.

Like for example if I was an American citizen, I would use coinbase instead because not only you will be directly depositing from the bank and withdrawing, you will also have that chance to pay taxes with their help as well, it's nearly automatic, your accountant will have a field day versus binance. So, there are "some" reasons to pick another exchange depending on the situation.

I agree there is no need for us to always trade on Binance, we do not have to look for the best exchange in choosing an exchange. But look
for exchanges that are comfortable and safe when we use them, like the example you gave, if American maybe Coinbase is a better fit for them.
I also prefer trading on the local exchange of the country where I live, because it is easier for me to make deposits and withdrawals. Even on
local exchanges, withdrawals can go directly to my personal bank account, and another interesting thing is that there is a chatroom that uses
the national language of the country I live, it makes it easier for me to communicate with traders from my country. So I only use Binance for
futures trading, which is not available on my local exchange. But for spot trading I mostly do it on my local exchanges.

In this market situation, actually, it will be very risky to enter the market moreover in the altcoins. We can see that a top coin like LUNA is experiencing extreme fall and rug pull. That is why if I were you, I will focus on Bitcoin only for this time. But, think about using DCA systems. Never do all in one time buy Bitcoin because we still don't know if the price of Bitcoin is going to up or will be decreasing again to the next support.
Binance is a top exchange and so far I am also using it and having no problem.

DCA system is good but only into those people or investors who do have deeper pockets or something those funds that they could really able to do  so and we know that not
all would really be having those capacity on doing so thats why they do really miss out on doing such step on buying into the dips even though its not assured or cant be sure
but buying cheap would always be giving out positive results whenever the market tends to make out some recovery which is something that inevitable or normal to happen.

Yeah the best exchange I see so far is Binance but I have a habit to put my money in several exchanges not only in one exchange like Binance. Just preparing for the worst tho since many exchanges got hacked like every year lmao. After that just choose the best trading method that suits you the most rather than following other people just because they got profit doesn't mean you will get profit too if you follow them.

i suggest you go with binance since you already know more about it. as you are just starting up you can start with spot trading. check and research on few coins and split your funds. now prices are pretty cheap you can little and keep small funds so that if it goes down more you can buy more.