This exchange has been hack and already afew day offline, this is the most bad exchange because offline so long, others exchange that been get hack just offline in 1 or 2 day. They are not really professional even though alot of trader trust them. They did not give any update for few day about the last situation.
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In my opinion all trader of crypto should be have account of trading view, in this platform we can see alot of idea about technical analysis from another trader. Another site is crypto tracker to research the fundamental of that coin, there are alot of crypto tracker and the popular one is coinmarketcap, livecoinwatch, coinlib.
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Yes i still waiting for next bull market,though i waiting for that since 1 years but not coming yet but i keep waiting for another year because i trust crypto market will be boom market later. I believe another bull market is near and i dont want to miss it.
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The trading activity buy and sell transaction fast on that exchange because they has high trading volume. So to have high trading volume that exchange should be attrack so many trader, and to attrack it they should be offer good product, good customer support and high security.
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You can use that trading platform when the price of Bitcoin downtrend because you can make profit by short the price and when you have prediction the price will rise for the better trade real Bitcoin on spot market because will promising higher profit with less risk than margin trading. CFDs trading is more risky because use of leverage.
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In my opinion crypto market now on capitulation so we have to wait for afew month more for bull market, if we compare crypto market in 2014 to 2015 , so in this year the market cap of crypto will side away and will be start to the high price again in Q3, so we have to wait another 8 month for bull market.
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I did forex trading for 1 years but very hard to earn profit from it, forex trading is more risky than crypto spot trading because in forex trading we use high leverage. I prefer to do crypto trading because though iam in loss i can have opportunity to make profit just by hold it for long term.
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Binance will be the most recommended because they have SAFU program to protect their user. SAFU ( Secure Asset Fund for Users) is good program to protect users of Binance from worst case scenarios such as an exchange glitch of hack. All coin that listed on Binance also has good fundamental and tradeable with high daily trading volume.
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Choose broker that offer low spread for crypto pair, i been trading di demo account in some of that broker so i can can compare the broker that has low spread is FX open, and the high spread is simple fx. And important to understanding in each broker offer different level of leverage. Price of crypto so high fluctuacion so best leverage to use should be lower than 10x, for forex pair maximum is 500x leverage.
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Indicator of bolinger band will be work better when the market sideaway, and when the market in uptrend or downtrend is better use Moving average. There are many way to determine support and resistance, not only by use indicator but also by use price pattern.
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Avoid greedy when doing trading activity, so when bull market is avoid margin trading and for the better spend more times for spot trading because when bull market alot of crypto will going up multiple times and we have more potential to earn big profit with less risk. And will be better idea only to do margin trading when the market change in to bearish trend.
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I think is better make decision to buy or sell by using technical analysis and historycal the price since Bitcoin started tradeable. Since 2010 the price of Bitcoin is always with high fluctuacion, the price can be dropped to 90% but after that its will going up more than 10 times, so after dropped to 90% will be best times to buy it and hold for a few years.
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In binary option trading if we win we get about 80%-90% profit from the stake but we are will loss 100% if wrong prediction. So for example if we trade 10 times and we are loss 5 times and win 5 times, we are still in loss and this different with spot or margin trading that we can setting the stop loss to be lower than take profit. So i prefer to do crypto or forex trading than binary option.
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I think we will easy to earn profit when bull market because mostly all crypto going up high, and when we already make profit we should be avoid greedy and lock the profit in to fiat. Many trader make good profit from trading because they know the trend and they never greedy.
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When you want to send and trade ERC20 token in decentralized exchange like Etherdelta and idex, the fee transaction will be more high than on centralized exchange. And every times you want to send ERC20 token from private wallet to any wallet is always should any Ethereum balance for fee transaction.
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Based on my experienced in crypto trading, stop loss is very worth because this feature possible to cut the loss immediately. In my trading activity i has been did not use stop loss and when the price down 20% just afew hours i did not cut loss it and waiting for the price back to going up, but the price keep down and down and my loss become bigger, and if i use stop loss like 5% so i will only loss 5% and i can buy back in cheaper price so i can recover that loss when the price going up again.
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I was follow many crypto expert but no one of them has right prediction with price of Bitcoin, so now i just believe with my own analysis. Some of the expert can be make his prediction just to promote crypto market, they are not really understanding about fundamental and technical analysis of Bitcoin.
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You can do both at the sametimes, and by doing both you will know which way will profitable. In this situation of market look better to do day trading with stop loss 4-5% and take profit 10-15%. And if the market turn in to bull run, we can do swing trading. But to predict when bull run started is difficult so use trailling stop to make safe the profit.
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Both have the same risk and the same potential of profit, we have to choose one of that way should be according to trend of crypto market and level price. Many people loss money from day trading and from holding because did not use risk management to minimize the risk, so before do both way make sure we have management of risk and money because price of crypto nearly unpredictable.
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Yes in crypto trading we should be keep learn to predict the fundamental and technical analysis of crypto market so we will have knowledge how the trend will going, and by know the trend of market we will know as well when should be enter and out from the market and when should be return again. Only crypto that possible to offer up to 10 times in amonth , so no reason to left behind this market forever.
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