For me, crypto trading is difficult to get consistent profit because the price is unpredictable. I been learn crypto trading since 1 year but till now hard to make good profit. When the crypto market on all the times high is easy to make profit but when the price reversal to bearish, is very hard to make some profit.
|
|
|
Etherdelta just changed their trading interface, and hopefully they will become better exchange and possible to increase their trading volume . I also used it to buy token that just listed in the market, this exchange listed potential token that has possibility to going up when listing in bigger exchange.
|
|
|
My favourites exchanges according to high trading volume and high level security, and also they provide trigger order functions in their platform. And these exchanges is Binance and Okex, both exchanges is good for day trading.
|
|
|
I believe holding because holding promising huge return with easy way just by make invest in crypto, but we should know when best times for holding and when it's times for short trading. Holding is only for investors who want to make huge money in the long term like 4 to 5 years. But for me, I prefer to do day trading because I want to make money monthly from crypto.
|
|
|
Because they don't know what benefits of crypto, and they does not understand how to make money from it. Actually make money in crypto trading is more safe than gambling but many people prefer to chooce gambling, because they don't know how to start to invest and make speculation in crypto. For many newbies make invest in crypto is complicated.
|
|
|
We don't know which highest price of altcoin will to go, and in trading to maximum the profit I think use trailling stop is best idea, by use this functions we will not miss big profit when the price bull run. And one more thing is never be greedy when taking profit.
|
|
|
At the moment I buy ETH only to trade with others altcoin, but when I find legit ICO I will also put some in that project. High volatility of crypto is make opportunity to increase ETH by trade with others altcoin. I prefer to use ETH only for day trading and take profit between 10% to 20% per trade.
|
|
|
I think Binance and Huobi is best crypto exchanges because they selective to listed any coin. They will listed coin that has strong team and has great fundamental. They also has highest daily volume so make easy to trade with best liquidity.
|
|
|
There are many broker forex now offer pair of crypto in their mt4 platform and allow to make deposit by use Bitcoin, one of the that broker is Fxopen, in this broker we can make deposit by BTC and other crypto and will shown MBTC balance in their MT4. Some benefits to use this platform is we can make profit when the price on bullish or bearish by make open potition buy and sell, and also available stop loss and trailling stop function to reduce the risk in trading.
|
|
|
For the better firstly use demo account of HITBTC to learn how to trade better, and after you know and understanding the price action of crypto , and then you can use others exchange that has offer stop loss functions like Binance, Bittrex and poloniex. For beginner trader stop loss functions is very important to avoid big loss.
|
|
|
At the moment I'm like to use Binance and Bibox exchange only because they has stop limit function that I have to use it in every trade, and also they offer lowest trading fee just 0.05% per trade and this is smaller than others exchange.
|
|
|
That possible but you should be spend full times for that, don't forget to use stop loss in every trade and in this situation of market it's better to take profit only 10% to 15 % per trade. Also you have to control emotional in trading, never be greedy and patient wait for best entry point.
|
|
|
Just use this mistake as experience in crypto investment, you been loss 70% because dont use stop loss functions, high volatility of crypto so high and stop loss is should be to use to avoid bigger loss, and then we can buy in the deep so we can recover loss faster.
|
|
|
I also learn crypto trading by self and I learned about technical analysis only from google and youtube, I been earn alot of profit so far but also been loss so much. But this thing should be I followed to know what my mistake in trading, by learn from my mistakes I can make better idea for trading. I did not use stop loss and trailing stop in crypto trading that is my mistake.
|
|
|
I don't see any coin going to 100 times in this years, but only maximum 10 or 20 times but after that the price going down hard, so to make big profit in this year is little hard. In this year all top 10 coin still has opportunity to raise 2 or 3 times more, we should wait patient till end of this years.
|
|
|
Before I make deposit in any exchange, I have to know first they offer unverified account for withdrawal or not. This very important for me for my money. I have verified account in gate.io and I used only national ID to get it, and they proceeded that verification just a few hours. For the better ask again in their telegram official to know more about verification process.
|
|
|
Between both exchanges, I will chooce HITBTC because I been trade here more than 2 years, and so far I don't have any problem with them. And for Yobit, this exchange too many have bad reputation, so for the better avoid that exchange. And so far my favourite exchange is Binance and Bittrex, and other exchange just to trade new potential coin that not listed in both exchanges.
|
|
|
If you just jump in to it, for the better just start by small amount first like $100 to test your skill in trading, test your experience in trading about 2 month and if you able to get profit by consistent so you add more money. I think in trading is more important to understand the risk and how to manage that risk.
|
|
|
We can not avoid loss in trading but possible only to minimize that risk. Risk management in trading is very important to make profit, some of the that risk management is use stop loss in every trade and never greedy when taking profit. We also should know when best times to entry to the market and exit from it.
|
|
|
In my opinion make invest in BTC now is more safe than altcoins because the community is the biggest one, and will continue bigger in the long term. We can see price of BTC just going down 1/3 since December, but altcoin is more deeper. Many expert predict the price of BTC will be going to the $50k in this year and this is can be possible because high volatility of btc, and last year the price been going multiple times in short duration .
|
|
|
|