So how that exchange will make money if offering 0% trading fee? I know all exchange get benefits from trading fee and withdrawal fee. In my opinion is better offering better trading product or different feature like trigger order that we can use to setting stop loss and sell limit at the same times, because currently just little bit people has this feature.
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Currently Bitcoin has low volatility and never going down to below $5000, so that mean Bitcoin still strong and has potential to going up again to new high level. In my opinion it's times to buy Bitcoin and hold it for 1 or 2 year so will be possible to make profit 10 times more.
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Binance is the biggest crypto exchange and with high trading volume you can get lower spread and fast transaction. This exchange also offer unverified account with daily limit withdrawal 2 BTC daily so trader can to trade immediately. A lot of coin that listed in Binance was going up to 5 times because all that coin has strong fundamental, and Binance very selective to choice crypto be listed there.
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Between all of these, I really like Fx open because this broker offer low spread and we can create account by make deposit BTC, LTC and USD and we can make internal transfer between each that account. And we can also claim rebate if register account via IB.
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2 days ago I was trade LOC token and take profit 100% but after that the price keep rising to 500% , so I miss profit another 400%. So that mean is hard to predict how high the price will go when up trend. In this month a lot of altcoin was going up to more than 200% but I think just a little bit trader can make that profit. The more important thing in trading is avoid loss by use stop loss.
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Yes I do, that why I come here and jumped in to crypto trading. Crypto trading is one of the way to get financial freedom because with high fluctuation possible to make profit 10 -20 times in a few month.
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I never hold any crypto in 3 years, because in this duration that crypto will be bearish and bullish in 2 or 3 times. The price can be going up 10 to 20 times and then will going down to 80% so swing trading will be more profitable to increase the profit.
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All business and crypto trading have each risk, and the level risk according to skill and knowledge each people. For me, I will chooce to do crypto and stocks trading than doing others business because I don't have skill for that other business and I spend a lot of times for trading.
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In my opinion the number of investor will be growing because the seen many other investor already make a lot of money from crypto. Crypto need more times to be boom market and will be keep growing just like internet. I think now less than 1% in the world understanding about crypto and was make invest, and this number will increase because mostly all people in the world have access to the internet.
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We can not eliminate emotion like greedy and not patient in trading because all of this is natural, and we only possible to minimize and to control it. Keep control emotional in trading is important to avoid greedy because greedy is big enemy of trader.
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Is not too risky use 100x leverage? In my opinion the maximum leverage should be 10x and if use more than that will be the same like betting or gambling, and when we betting will be very hard to make profit by consistently.
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I just learn it by self from some video in YouTube and some articles related trading. There are a lot of information about trading on the google, so if we can spend more times to learn it, we possible to understand how to create management of money and risk and how to minime the risk and maximum the profit. All information about technical analysis already available on Google, so we should be diligent to learn it.
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With high fluctuation of crypto need high skill to manage the risk, so many people don't want invest in crypto because they doesn't have risk management and don't understand how to make it. Other reason because maybe there are price manipulation in crypto so many people thinking will be more hard to predict the price.
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Last year Bitcoin can go to the $20k without any news of Bitcoin ETF, so from the technical analysis I can predict the price of Bitcoin will going up to the $20k again in a few month, even will surpass that level price in next 1 year.
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Many forex trading platform provide leverage trading and not spot trading and this created forex trading will be more risky than crypto trading. Many forex trader failed to become successfully trader because they use high leverage. So we should be know the difference between spot market and leverage trading to understand the level of risk.
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I was looking for solution for this my problem by make research feature of others exchanges, and finally I found crypto exchange that has trigger order is possible to use stop loss and sell limit at the same times, that exchange is gate.io.
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There are any manipulation on crypto market is normal because with low market cap any whales possible to manipulate it. Not only in crypto market, manipulation happening but also in stocks market. Now as trader we should be use stop loss to avoid more loss from market crash that on manipulated.
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Trading for living is purpose of many trader but to reach it is not easy. For beginner trader should be use trading activity for part times job, while learn more about risk management and trading strategy. We should be have others source income beside from trading because with fluctuation in the market is very difficult to get profit with consistently.
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My choice is gate.io because they just add feature of Trigger price so I can use it for stop loss and to setting price for sell limit at the same times, so trading will be more easy without worry the price crash when I don't have times to monitor the price.
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I prefer to chooce bounty program and trading, we can do both at the same times. When we loss in trading, we still have chance to recover it from bounty program. And for trading we should be also have knowledge to trade in others asset beside crypto so we can avoid loss when crypto downtrend.
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