All crypto exchange that have high trading volume and offer feature of stop loss is best crypto exchange. Currently not all crypto exchange offer stop loss feature, so make sure use exchange that provide it. Binance, HitBTC, OKEX, Gate.io is some of the exchange that provide stop loss feature wity high trading volume.
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When we use stop limit feature for stop loss we can not create sell limit open potition at the sametimes, i prefer to use price condition order that we can use for stop loss and sell limit at the same times. By use stop loss and sell limit order at the same times we can maximum the profit and minimize the loss.
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You have to add all popular crypto pairing with stable coin, because iam more interesting to do trading crypto with pair of stable coin. Chooce stable coin that the most popular one and the legit one, like USDC and GUSD. And will be better if you add trading pair USD or others currency fiat money.
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I think all video on youtube about binary option only publish when they make profit but did not publish when they loss. Between trader that has been loss and make profit from binary option is much different, that why the binary option broker make money from it. My friends in 2 years in binary option but untill now he can not make profit consistently.
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In my opinion all these different trading asset has the same risk and the same potential profit, as we know in crypto market bearish and bullish trend is the same times for all crypto , so we should be also have skill how to trade forex and stocks to avoid loss money in crypto. To trade different asset is not difficult and we can do it at the same times by use technical analysis only.
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Basic of trading is technical analysis so you have to learn it more, to learn technical analysis, first step you have to create trading view account and there you can understand more some function of indicator and price pattern. How to read charting and to determine support and resistance level is important thing for trading. Others thing is to create risk management to minimize risk.
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If all whales doing that its will be possible to pump all crypto, but for now look whales only want to dump the market to get cheap price. So we should be follow the trend of the market, follow the trend so we will make good profit and we can minimize loss.
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I still bullish for crypto in the long term, but to predict the crypto market in next a few month is hard. Hopefully in the beginning of december bull market will start and crypto community will make good profit. Alot of upcoming good news will trigger next bull market
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I think if we have analysis the price will going to down trend is better quit from crypto trading, and we can try to make money by trade in others asset, forex is one of the best asset to trade. There are alot of broker provide forex trading with option of leverage. As trader we should be have skill to trade in all kind of asset.
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I used some different exchange and all of them is trusted and legit exchange, regulated and they are a few years already operating and has high trading volume. I used Poloniex and Bittrex in 2015 and they still good untill now, and i also used Binance that become the biggest exchange for now.
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In my opinion in this situation of crypto market is bad idea to do margin trading because alot of crypto in the bottom price, so to make huge profit is not necesary to jump in to more risky trading, because so many altcoin has potential to offer more than 100% profit in 1 month. But if you would like to do that, use only 5% of trading balance and use broker of Fx open or Weltrade because both broker offer low spread.
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Price action of cryptocyrrency is not easy to predict, and in many case technical analysis did not work, so important to use stop loss and trailling stop as risk management. When bull market come in to crypto, there are alot of altcoin was going up 10 to 50 times just in amonth like last year so in this situation trailling stop will help to maximum the profit and to minimize the risk.
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I used Poloniex since 2015 and so far i never get any problem with them. Poloniex sgould be offer better customer support and easy to contact, just like others Asian exchange offer customer support via telegram. Currently trading volume of Poloniex surpass Bittrex and added more coin in trading platform.
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He is one of the most powerfull man in crypto space, just less than 1 years Binance become the biggest crypto exchange in the world. Binance keep make others product to give more benefits to the user and more people around the world.
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Bounty campaign and crypto trading was helpfull for my financial, since my salary in my job does not enough to recover daily expense, crypto market give me solution for that, and from crypto i can earn more money that i can not reach it from my offline job. In bull market crypto possible to offer 10 times of money from the salary of my job so crypto is changed my life. More people will change life from crypto later.
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I was try to trade margin trading on Bitmex but in 2 times first trade i was loss and the price reached the stop loss, and since that i decided to quit from margin trading because i thinking more difficult to get profit and the risk to be higher. I more focus to do spot trading in crypto market and stocks market
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I was 3 years learn about trading but untill now is difficult for me to make monthly profit, i was make alot profit but also hasbeen loss much money, so in my opinion we should be have others source income beside trading, because very difficult to make monthly profit from trading. Spend times for trading about 3 hours aday and spend others 7 hours for another job.
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By use stop loss we can minimize the risk from price crash, there are many trader loss up to 90% because they did not use stop loss. stop loss is very important in trading. Crypto market make fluctuacion everytimes and every minutes the price different so use stop loss is should be and this is one of the risk management. In my trading i always use stop loss 4% and take profit minimum 10%, so if we did it in all trade, and let say in 10 times trade i loss 5 times and make profit 5 times too, so i still make good profit because percentace of stop loss and taking profit is different.
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About 80% of trader loss money in binary option trading because some reason, firstly this trading similar to betting and to risky for beginner trader. So for newbie trader is much better to jump first in to spot market trading, and also avoid margin trading. Avoid lossing money by chooce lower risk trading.
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I used Bittrex and HitBTC since 2015 and both exchange is very good exchange, both exchange never get any issue of hack and has good reputation. And for now i used Binance as well because alot of good altcoin tradeable there. All these exchange also provide feature of stop limit that i need it for stop loss that important to use and apart of risk management.
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