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inmortal009
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July 18, 2017, 04:43:56 AM
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Hi guys, I've been lurking this forum and reading about overall trading and investments for years, now I  finally have some money and Im starting to invest so I have some questions for you and hope you can give me an insightful answer about them.

What are the lowest fee exchange websites? I have accounts in the most populars and always look for the lowest fee when doing a transaction. Is this pretty common? am I the only one? Is there a 1 for all exchanger?


Is trading with bots the only way to make money? if not, Is it actually profitable? Can any of you guys elaborate about bots on this matter?


Do you rely solely in the common sources for trading? let it me, blockfolio, common forums and news websites, exchangers charts?

I have a lot of troubles reading charts, is there a tutorial or guide you know to learn how to analyze large amounts of data? I have a pretty solid IT background but no idea where or how to begin.


Thanks in advance, all responses will be deeply appreciated.
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HabBear
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July 18, 2017, 05:08:57 AM
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What are the lowest fee exchange websites? I have accounts in the most populars and always look for the lowest fee when doing a transaction. Is this pretty common? am I the only one? Is there a 1 for all exchanger?
I don't know definitively but I'd start narrowing down your options based on which currencies you want to trade. Many exchanges only deal in a few currencies. However there are one or two that deal in 10+ crypto currencies.

Is trading with bots the only way to make money? if not, Is it actually profitable? Can any of you guys elaborate about bots on this matter?
No, trading with bots risks you churning your own account. Each exchange is going to have some sort of delay in completing and/or settling the trade, which you can't control. I don't think you can trade cryptocurrencies as you would stock because the system, the blockchain isn't efficient yet. I think you'll need to stretch out your trade frequency a bit instead of being in an out several times in an hour or a day it might be several times in a day or a week.

Do you rely solely in the common sources for trading? let it me, blockfolio, common forums and news websites, exchangers charts?
Focus on the price trends, the technicals. Cryptotrader has a great app but they only track the major crypto currencies. Let's take Bitcoin, every time there's a substantial drop there's a quick return by a percentage of the original drop the very next day. There's an immediate bounce back. And the same is starting to show for Ethereum and Litecoin. You can start to predict it. Look for these buying patterns and capitalize on them.

I have a lot of troubles reading charts, is there a tutorial or guide you know to learn how to analyze large amounts of data? I have a pretty solid IT background but no idea where or how to begin.
Introduction to Technical Analysis.

Enjoy your journey.

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July 18, 2017, 06:36:24 AM
 #3

Like HabBear says, never use bots! They will burn your money.
Regarding the fee, I trade at several excahnges and never look at the fee, as long as you don;t make very small trades the fee is almost always negligible
I'm mostly trading on Bittrex, YoBit and Poloniex

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July 18, 2017, 09:16:59 AM
 #4

What are the lowest fee exchange websites? I have accounts in the most populars and always look for the lowest fee when doing a transaction. Is this pretty common? am I the only one? Is there a 1 for all exchanger?
Exchange fee is not that important when you are not day trader, if you pay 0,01% or 0,05% of transaction it won't matter in a big picture.
Only when you do daytrading, fee matters.
If you do, find daytrading fee friendly bitcoin platform.

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July 18, 2017, 09:28:08 AM
 #5

What are the lowest fee exchange websites?

It really depends on what coins you want to exchange. Only Bitcoin vs USD? Or maybe altcoins?
Decide which coins you want to trade and what you want to do - day trade, margin trade, buy and keep for a while, lend...
Depending on the coin you can narrow down the exchanges. There are not so many in the first place so you better look for yourself.
Different exchanges have different exchange fees and it also depends on how you exchange (but usually it's 0.25% or less), different exchanges have different withdraw fees too.

If you get a clearer idea of what you want you can ask more to have a list of 2-5 exchanges, then you better check for yourself; you need to see if you like the way the exchange actually looks and works too.

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ICObox
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July 18, 2017, 01:09:53 PM
 #6


I have a lot of troubles reading charts, is there a tutorial or guide you know to learn how to analyze large amounts of data? I have a pretty solid IT background but no idea where or how to begin.


If I understand you correctly, you are interested in independent reading of charts, technical analysis.
I can advise you on literature, but the main advice: ONLY practice will help.
Literature:
"Technical Analysis Using Multiple Timeframes," by Brian Shannon
"Encyclopedia of Chart Patterns," by Thomas Bulkowski
"Technical Analysis Explained," by Martin Pring
"How to Make Money in Stocks," by William O'Neill
inmortal009
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July 19, 2017, 02:14:37 AM
 #7

Thank you very much guys. This is the best forum I've ever been
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July 19, 2017, 04:23:29 AM
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Thank you very much guys. This is the best forum I've ever been

Dude bots don't make you money. The reason they used is because one can't be sitting watch the tabkes ewch second of each day and one must sleep. I have missed nice frwdes or trwxes that I left and under or over paid because of this. Had I had a bit the bot would have reduced or higher the asking or buying process accordingly. According to a ratio set by me. This way I wouldn't miss chances to buy at a cheap price. So if the table dis down for 2 hours and you asleep or not there you lose out. The bot doesn't sleep so it makes the sell or buy. Also you constantly adjust the bot it is not a magical program that thinks for itself and can make profits magically with no effort. No you tell it what to do when a certain things happens. It's exactly like person doing it.

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July 19, 2017, 01:11:01 PM
 #9

Thank you for the tips.
I tried GDAX and there are no fees for limit orders.
But only for BTC, ETH and LTC.
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July 19, 2017, 01:25:36 PM
 #10

I have been searching for similar info lately as well. Recently, I have found a couple of great resources.
I started a Facebook Group a few months back to bring more general public together in the interest of Cryptocurrency and Blockchain Technology awareness. I actually just posted related info last night. This is a combination of two posts:

"*Trading Intelligence, Insight and Protection Community Platform - KoCurrency*

If you decide to sign up here is my link
http://[Suspicious link removed]/KCIntel (All is does is give you 0.25 KoCoin for referrals - No MLM)

I think it will be another resource we can use to assist in Trade Profits.
https://youtu.be/ty9eAgFJyNY"

AND

"As I have recently begun venturing into Intraday Crypto Trading, I thought I would share some helpful resources for those of you who are interested as well...

For this one, you will need Telegram installed 1st: http://Telegram.me/cryptosyndicatetrade
Crypto Trade Signals

Crypto Charts YT Channel: He does Daily Tech Analysis for BTC, ETH, LTC, XRP, DASH, NEM, XMR and other Altcoins Live. As well as Tech Analysis Tutorials for New Traders
https://www.youtube.com/channel/UC4dVJFvNNL_YxYWB71Cp7Ow

Good Channels to follow as well are Crypt0: https://www.youtube.com/user/obham001
The Node Investor: https://www.youtube.com/channel/UCa81HAp1se359Sr5qEMMP7A
Crypto Bud: https://www.youtube.com/channel/UCAEktd4wejD_N4aPyDPD3zw
Crypto-Bit Bros: https://www.youtube.com/channel/UCVvDOPn2zeBBd_07Y_-Hxtg

If you're looking for more Premium Training, you can check out LearnCrypto.io where you can learn in depth the Wyckoff Method which Stock Traders have been using for over 80 years. (Referral from Crypto-Bit Brothers - you can get 10% off)
http://learncrypto.io/ref/cryptobitbrothers/"

Also, I use mainly Bittrex and sometimes Cryptopia. Don't have access to Poloniex.

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July 19, 2017, 02:12:57 PM
 #11

Hi guys, I've been lurking this forum and reading about overall trading and investments for years, now I  finally have some money and Im starting to invest so I have some questions for you and hope you can give me an insightful answer about them.

What are the lowest fee exchange websites? I have accounts in the most populars and always look for the lowest fee when doing a transaction. Is this pretty common? am I the only one? Is there a 1 for all exchanger?


Is trading with bots the only way to make money? if not, Is it actually profitable? Can any of you guys elaborate about bots on this matter?


Do you rely solely in the common sources for trading? let it me, blockfolio, common forums and news websites, exchangers charts?

I have a lot of troubles reading charts, is there a tutorial or guide you know to learn how to analyze large amounts of data? I have a pretty solid IT background but no idea where or how to begin.


Thanks in advance, all responses will be deeply appreciated.

For using exchanges I can tell you that BTC-E or HITBTC or Cryptopia for low fees. Also could try Bittrex.

I would say steer clear of Poloniex for awhile, they have support and withddrawal issues that takes weeks to months to resolve. A lot of bad stuff happening there and your coins will be tied up or lost.

The other exchanges I listed above have never given me trouble.


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