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.
