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Author Topic: Beginner trader  (Read 2897 times)
sujonali1819
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August 24, 2017, 11:30:22 PM
 #21

Which coins exchange is the best choice for begginer trader??
It is so tough to trade as a bigginer.first you need to research about crypto currency market.Then you should try to trade.You want to know about best exchange so i reccomand you to use bittrex or poloniex. when you understand about crypto then you will find more exchange. such as liqui,bitfinex,kraken etc.

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August 24, 2017, 11:40:52 PM
 #22

As a beginner honestly i just started with small amount before i become to be good trader i experience first of loses  before i can make a good profit in trading.. For a starter i think poloniex is enough to trade with altcoin but there are only limited altcoin to choose so if you want to learn widely better to check other exchange site just look in the https://coinmarketcap.com and choose an altcoin which you want to trade after you click you can see the statistic of the altcoin and you can click the market where you can see all trading site that you can trade with..
But first just choose an exchange site which is well know and you can relay here in this thread.

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August 24, 2017, 11:51:50 PM
 #23

Which coins exchange is the best choice for begginer trader??
Everything is good . As long as you have the money or the budget everything will be good and everything will be okay for you. You just need to research for it first or need to watch it on youtube first before investing. Thats why people are being losin their money because they doesnt research for it first.

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August 25, 2017, 12:19:55 AM
 #24

This are the qualities that i really need before i proceed with my plan of investment. As a trader, you need a budget and skills to manage your investment.


Which coins exchange is the best choice for begginer trader??
Everything is good . As long as you have the money or the budget everything will be good and everything will be okay for you. You just need to research for it first or need to watch it on youtube first before investing. Thats why people are being losin their money because they doesnt research for it first.

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August 25, 2017, 08:33:55 AM
 #25

 IMO. Poloniex and Bittrex are simple to use for new trader. I suggest you do research and watch the market for sometimes before starting to trade.


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August 25, 2017, 08:34:31 AM
 #26

Which coins exchange is the best choice for begginer trader??
You might be thought the liqui, bittrex and poloniex. Polo already working smoothly right now, But if you ever heard about the binance exchange and you must never use it. But liqui is preferable in my opinion for the newbies trader because the liqui offers the cheap token price rather than another sites.

Why binance exchange is bad?
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August 25, 2017, 08:38:27 AM
 #27

IMO. Poloniex and Bittrex are simple to use for new trader. I suggest you do research and watch the market for sometimes before starting to trade.
Bittrex  is better than poloniex because you have many choices to invest  . so buy in red and sell 5 to 10 % in profit never be greedy .

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August 25, 2017, 08:55:55 AM
 #28


Quote
Bittrex  is better than poloniex because you have many choices to invest  . so buy in red and sell 5 to 10 % in profit never be greedy .

100 % buy on down and send on up

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August 25, 2017, 09:00:02 AM
 #29

Which coins exchange is the best choice for begginer trader??
You might be thought the liqui, bittrex and poloniex. Polo already working smoothly right now, But if you ever heard about the binance exchange and you must never use it. But liqui is preferable in my opinion for the newbies trader because the liqui offers the cheap token price rather than another sites.

Why binance exchange is bad?

Binance is fine  Huh I don't know why he suggested that you don't use it. Binance is good especially when trading NEO, since NEO withdrawals on Binance has less fees compared to Bittrex's fees, thought I dont like Binance's user interface that much compared to bittrex's. I'd go with Bittrex Binance Bitfinex and other exchanges that has other less-known cryptocurrencies. Basically almost anything except Poloniex. Poloniex always has been working smoothly. The problem is just on withdrawals being disabled and their shitty customer support (months of no replies).

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August 25, 2017, 11:55:34 AM
 #30

there're no the best coin for beginner nor expert,
everything is based on your luck,speculation,strategy and financial.
but,for beginner i advice you to not doing any trade for a low liquidty coins,
do you know what is it ? if you don't know look at this*
because most of them are pump and dump coin,even some of them not like that,but more likely the price has been surpressed by whales so it'll take a long time to get a pump.
just trade top 10 cryptos and never hold it for more than 1 days if you can not hold it for a month or more.

and the better exchanger so far Bittrex.
there're no BEST exchanger,because they can not guarantee your money 100%



*low liquidty coin : in general low liquidity mean is when we make a sell and buy that time,the price will not have a big change.
that mean total coin that traded that time not really high and usually the price is going down.

His question was not "What is the best coin", but "What is the best exchange". And there can be a best exchanger. If 1 exchange guarantees your money 50% and the other 30%, the one offering 50% is obviously the best.
I understand that you want to make money from your posting by participating in signature campaigns. So do I!
But I atleast read posts and try to answer them in a way that would help them.
I hope you could try the same?

Regards,
Trump

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August 25, 2017, 03:15:27 PM
 #31

Which coins exchange is the best choice for begginer trader??

You should find the exchange which have big volume, I think it's good to start because usually the price movement is not too sharp and choose the coin that have big volume, top 10 in the market, you can check here: https://coinmarketcap.com
Also you can check top the exchange (based on 24 hours volume) here: https://coinmarketcap.com/exchanges/volume/24-hour/
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August 25, 2017, 04:08:24 PM
 #32

Which coins exchange is the best choice for begginer trader??
For me to choose Monaco altcoin trading, because the high price is supported with good prospects in the future then surely the price of Monaco will also rise from day to day, Sunday to month and year, will continue to soar.

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August 25, 2017, 04:16:53 PM
 #33

for me the best exchange right now is bittrex
altcoin market right now is not so good , many coin on bearish trend and everyday is red day
i suggest you not doing daytrading right now atleast until the trend has reversed.
best method would be choosing altcoin that has potential and hodl for minimum of 1 month , you'll see you got easier profit these way.
good luck
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August 25, 2017, 04:33:39 PM
 #34

If you don't have any experience of trading then I would suggest you go with the USD/BTC trade initially (or any fiat currency/BTC) because you will have to face less volatility on a single side.

Please understand that trading in crypto currency is a wild market in terms of price fluctuations and thus it gives many opportunities every single day. However, you should be able to handle your risk and portfolio to encash those opportunities. Even 10% fall in price in the market (which is very normal in cryptocurrency prices) would cause you 20% loss if you are trading in crypto pairs and hence initially I would suggest you to go with fiat currency/crypto currency and I think the first one should be USD/BTC.

While talking about the exchange, I would prefer Localbitcoins because you can offer multiple payment options which increase the chances of more trades and since you can easily put 10% to 20%/30% margin in such trades, you can earn handsome profits.

P.S- This is my personal opinion, please do your own research before taking any decision.

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August 25, 2017, 04:51:39 PM
 #35

If you are just beginning you must start with a VERY LOW amount in order to gain experience and try to grow that amount into a lot of Bitcoin and then add more to your amount as you gain more experience and confidence.



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Koadharber
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August 25, 2017, 05:11:16 PM
 #36

If you are just beginning you must start with a VERY LOW amount in order to gain experience and try to grow that amount into a lot of Bitcoin and then add more to your amount as you gain more experience and confidence.
This is the thing i did when i was just starting on trading world on which i did try to make it large on the small bankroll do i have on doing trading until i gradually get the fundamentals and the important things that should be learned on trading.Its not really easy and it would really takes lots of trials and error for you to get the right ways on making profitable trades. First time i was trading on c-cex and later on i use bittrex.

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August 25, 2017, 07:43:07 PM
 #37

So the best advice that I can give to you right now is not to trade. The markets are wild these days and you can get rekt if you make 1 bad decision. The best thing yo u can do getting started is just to do research, buy and hold. Holding on to investments can be a lot more profitable down the road. The best thing is to just forget about it and harvest profits later.
Its not actually a wise recommendation but somehow do have a caution since you are right market nowadays is wild but i can say that its wild since on its first days knowing all coins are volatile and if someone decided to engage on trading on the very first time then it isnt bad since he can anytime to make trades on demo without risking money which is really a good way to train yourself along with self learnings because all of informations are all in the internet actually.
I disagree. If you look at the growth of bitcoin this year and the previous year you can see that this year has been insane. The markets are wild but now they're wilder than ever. Trading isn't as easy as people portray, you can get lucky every now and then but in the end if you're getting started you're just gambling the price will go up. It's much better to buy and hold so you gain some experience first before jumping right in.
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August 25, 2017, 09:11:26 PM
 #38

So the best advice that I can give to you right now is not to trade. The markets are wild these days and you can get rekt if you make 1 bad decision. The best thing yo u can do getting started is just to do research, buy and hold. Holding on to investments can be a lot more profitable down the road. The best thing is to just forget about it and harvest profits later.
Its not actually a wise recommendation but somehow do have a caution since you are right market nowadays is wild but i can say that its wild since on its first days knowing all coins are volatile and if someone decided to engage on trading on the very first time then it isnt bad since he can anytime to make trades on demo without risking money which is really a good way to train yourself along with self learnings because all of informations are all in the internet actually.
I disagree. If you look at the growth of bitcoin this year and the previous year you can see that this year has been insane. The markets are wild but now they're wilder than ever. Trading isn't as easy as people portray, you can get lucky every now and then but in the end if you're getting started you're just gambling the price will go up. It's much better to buy and hold so you gain some experience first before jumping right in.
This is not how markets work.There are different alternative strategies under various market conditions.In trading you need skills,money mangement rules,intuition etc but definitely  luck can not be part of trading rules.

 

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August 25, 2017, 09:45:27 PM
 #39

I think poloniex has the best UI for the beginner. It is easy to understand what is going on. After having some experience you can try other exchanges like bittrex.
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August 25, 2017, 11:19:44 PM
 #40

I think poloniex has the best UI for the beginner. It is easy to understand what is going on. After having some experience you can try other exchanges like bittrex.
For beginners, I recommend using Bittrex. Poloniex is too dangerous. Some people have left the polniex and it is very disappointing. The best place is bittrex, there you are more relaxed and calm. The movement of coins is very easy to read.


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