Why did I lose on trade ??

[ThinkAndGrowRich]

you sell on down time. automatically reduced from before. that's a natural thing. be patient and hopefully not like that again. thanks for experienc.

I don't understand this. I sell on down time ?

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[Flomess]

Thank you all !!

I understand more now and know that I should learn and exercise with smaller amounts.

I still have these two questions . I would appreciate if someone can answer them.

How can you make money on cex.io if for example 1Eth costs you 800$ but to sell back 1 Eth you only get 700$ back ? Even if you buy low and the price increases by 100$ you would still only break even. Actually it should move up even more up because of the fees.

What exchange sites would you recommend ?

I'm not familiar with cex.io but i don't think there whould be a 100$ spread on the books. In any case, use better exchanges with more volume!
You can check markets, sorted by volume, here: https://coinmarketcap.com/currencies/ethereum/#markets

[ThinkAndGrowRich]

Thank you all !!

I understand more now and know that I should learn and exercise with smaller amounts.

I still have these two questions . I would appreciate if someone can answer them.

How can you make money on cex.io if for example 1Eth costs you 800$ but to sell back 1 Eth you only get 700$ back ? Even if you buy low and the price increases by 100$ you would still only break even. Actually it should move up even more up because of the fees.

What exchange sites would you recommend ?

I'm not familiar with cex.io but i don't think there whould be a 100$ spread on the books. In any case, use better exchanges with more volume!
You can check markets, sorted by volume, here: https://coinmarketcap.com/currencies/ethereum/#markets

See here 4 screenshots. The first is "buy". The second is "sell". (from BUY/SELL page)
The two last are from the TRADE page.

https://imgur.com/CHyhMEU

https://imgur.com/EDcki3e

https://imgur.com/VJtZ57B

https://imgur.com/TXAm7Bp

[ConfusedPenguin]

Hello I don’t understand I bought for 4000 Eur one hour ago of Ethereum when it was going up, it stayed around the 10-20%, it started to decrease 5 minutes ago so I sold it and now cex.io just gave me 3500eur for it... wtf...
The %came from me watching livecoinwatch.. Cex.io doesn’t have the accurate price ??

You made the wrong way margins, taking high risks of earning may lead also to high loses.

[furry04]

I have experienced the same thing before and i was searching for the answer and I found that I was checking my etherum price from coingecko but the price of ehter was different in binance.

[RavRider]

First of all, learn how to use the exchanges. Maybe you write a wrong price on you buy order. There are a lot of good videos on youtube from people who explain how the exchange work and how to serve.

[Question123]

Most of the coin as of now the price is decreasing and ethereum also so if you bought at high price and decrease little I suggest you need to hold your ethereum and wait the price to increase again. You need to be patient if you want  to earn profit for sure if you have that you will earn profit why? Because you can wait the price to increase. Don't be worry for sure ethereum will increase again bro.

[ToyotaFortuner]

Hello I don’t understand I bought for 4000 Eur one hour ago of Ethereum when it was going up, it stayed around the 10-20%, it started to decrease 5 minutes ago so I sold it and now cex.io just gave me 3500eur for it... wtf...
The %came from me watching livecoinwatch.. Cex.io doesn’t have the accurate price ??

you have a loss in trading your chances of being affected by the price decline and making you panic, you should be able to read and analyze market conditions before you buy the coin so as not to get stuck at high prices.

[BuyToHold]

Hello I don’t understand I bought for 4000 Eur one hour ago of Ethereum when it was going up, it stayed around the 10-20%, it started to decrease 5 minutes ago so I sold it and now cex.io just gave me 3500eur for it... wtf...
The %came from me watching livecoinwatch.. Cex.io doesn’t have the accurate price ??

Also using different exchangers with different prices plus the fluctantion seemed to be the reason why, also transactions are taking for ever to be confirmed.

[ThinkAndGrowRich]

How can we make money if the price between buying and selling is so high? It needs to increase ALOT for us to make a profit on cex.io for example..

[danherbias07]

Where are you looking at?
Maybe that is the price for buying that you have seen.
Why sold it in 5 minutes?
Well now you should learn from your mistake.
I dont think it is the trading website error but your mistake. Might as well look at it carefully next time.

[Barbut]

Where are you looking at?
Maybe that is the price for buying that you have seen.
Why sold it in 5 minutes?
Well now you should learn from your mistake.
I dont think it is the trading website error but your mistake. Might as well look at it carefully next time.

Here on forum many its visible how many people are making same mistakes, that is cause they are to lazy to pay more attention on what we wrote here. We all make mistakes, but I'm annoyed too when I see people who cry cause of mistakes they made, they blame everyone else, everyone is guilty just they are not.
Eth made new all times high week ago, with crypto people needs to be patient and they will make profit, selling too soon and making this newbie mistakes is what stand between losing money and making profit.

[Caladonian]

Where are you looking at?
Maybe that is the price for buying that you have seen.
Why sold it in 5 minutes?
Well now you should learn from your mistake.
I dont think it is the trading website error but your mistake. Might as well look at it carefully next time.

Here on forum many its visible how many people are making same mistakes, that is cause they are to lazy to pay more attention on what we wrote here. We all make mistakes, but I'm annoyed too when I see people who cry cause of mistakes they made, they blame everyone else, everyone is guilty just they are not.
Eth made new all times high week ago, with crypto people needs to be patient and they will make profit, selling too soon and making this newbie mistakes is what stand between losing money and making profit.

Understanding fundamentals before doing a trade should be taking place first, as we knew that losing money is always possible inside the exchange making mistake because you don't understand what you are doing is not an excuse, since its our own hard earned money we should study first each time we invest.

[dark08]

Where are you looking at?
Maybe that is the price for buying that you have seen.
Why sold it in 5 minutes?
Well now you should learn from your mistake.
I dont think it is the trading website error but your mistake. Might as well look at it carefully next time.

Here on forum many its visible how many people are making same mistakes, that is cause they are to lazy to pay more attention on what we wrote here. We all make mistakes, but I'm annoyed too when I see people who cry cause of mistakes they made, they blame everyone else, everyone is guilty just they are not.
Eth made new all times high week ago, with crypto people needs to be patient and they will make profit, selling too soon and making this newbie mistakes is what stand between losing money and making profit.

Understanding fundamentals before doing a trade should be taking place first, as we knew that losing money is always possible inside the exchange making mistake because you don't understand what you are doing is not an excuse, since its our own hard earned money we should study first each time we invest.

Learning while researching will make you familiar on trading industry dont do trading if you dont have knowdlege on the basic procedure you lose because you not researching on what you bought.
First thing you need to do if you entering to any trading site make familiar on their platform on how to buy/sell altcoin and next read some announcement if you read some bad feedback dont buy the altcoin and last and most important buy altcoin with a potential to market like the top 20 altcoin in coinmarketcap.

[Adrin]

Actually,The market is not something you beat, but something you understand and join when a trend is defined. At the same time, the market is something that can shake you out if you are trying to get too much from it with too little capital. Beating the market mindset often causes traders to trade against trends.

[traderethereum]

Hello I don’t understand I bought for 4000 Eur one hour ago of Ethereum when it was going up, it stayed around the 10-20%, it started to decrease 5 minutes ago so I sold it and now cex.io just gave me 3500eur for it... wtf...
The %came from me watching livecoinwatch.. Cex.io doesn’t have the accurate price ??

did you calculate how much the fee for every time you trade? because all exchanges have this and we need to pay the fee. so if you say that your money becomes decrease then you need to check how much the fee on that site and then you will know why your money is reduced. I think if you want to sell your coin, make sure you calculate the fee too besides to just calculate your profit and you can know how much exactly your profit.

[ThinkAndGrowRich]

I understand what most of you are saying. However why can’t anybody answer this question:
On cex.io the price to buy 1ETH is much higher than the price to get it back + the fees...
For example it costs 800$ to buy 1ETH but when you sell back 1ETH you receive much less. So not only are there fees but there is also a price difference.. How can one trade successfully if the exchange rates are like this. Can someone please comment this.

[BigBossUSA]

Hello I don’t understand I bought for 4000 Eur one hour ago of Ethereum when it was going up, it stayed around the 10-20%, it started to decrease 5 minutes ago so I sold it and now cex.io just gave me 3500eur for it... wtf...
The %came from me watching livecoinwatch.. Cex.io doesn’t have the accurate price ??

First thing you should look at is the rate on the exchange you are trading in. It may be significantly different than on all other exchanges.

[whycrypto]

I understand what most of you are saying. However why can’t anybody answer this question:
On cex.io the price to buy 1ETH is much higher than the price to get it back + the fees...
For example it costs 800$ to buy 1ETH but when you sell back 1ETH you receive much less. So not only are there fees but there is also a price difference.. How can one trade successfully if the exchange rates are like this. Can someone please comment this.

I'm not very familiar with CEX.io but on exchange like WEX.nz or GDAX.com the buy and sell prices are not as drastic, usually less than 1%, sometimes as little as 0.1%. The answer might be you need to trade on another exchange if cex.io has such extreme fee's.

The only crypto that I have seen with $100usd spread is BTC, but even then it's less than a 1% diff between the buy and sell prices.

[futureofeth]

I think you are not holding the coin until the right time because many people will hold the coins for long-term, so in this way, they will make a lot of profit on holding the coins for the long haul. Even I fail to lose the money in the beginning and start thinking of holding the coins.