How to secure your trading with exchange or ways of making decisions

[Kankaung]

Hi Friends!
I am still learning for cryptocurrency. I have some questions for trading as I do not have for own experience. Appreciated if you can share with me your story.
- Which exchange is more secure and best for trading? (pros and cons?)
- When you do for trading, did you put all your money at one exchange?
- Which indicators are best for trading? Accuracy come from 1 hour or 1 day chart?
- How do you make the decision to buy or sell the coin? Is it only bases on news or charts?
- Is there any safer way for having profit with swing trading?
- Which pair is best for trading(btc/usd)? Do you decide bases on volumes?

Thanks a lot!

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[wayaneka]

Its will be more safe to use more than 1 exchanges, i recommended Binance and Bittrex, and for trading activity its more easy to trade in the pair USDT because we will analysis price action of one crypto. But you have to do also trading on the pair BTC because there are more option of altcoin. If you like to do day trading is better to use one hour chart but for swing trading you have to use daily chart. For indicator is better only use maximum 3 different indicator, one of that is MA 20 and 50, MACD and trendline.

[The Cryptovator]

~snip~

Of course you should used most advantage exchange for trading. You can choose whice is easy to use for you. I don't like to recommend, I use bittrex. If you have enough time for trading than it's better to put your money on multiple exchange. Because hacking is dangerous virus on crypto market. You can follow more than one day chart it's totally depend on trends. If you can't make profits during buy time it's very difficult to profit on sale. There is no 100% safer way for trading. Trading is money circulation, so some one will lose and some will gain. If people find any safer way to trade than they will become millioner within short time. Btw, I like btc pair for trading.

[chocolah29]

Hi Friends!
I am still learning for cryptocurrency. I have some questions for trading as I do not have for own experience. Appreciated if you can share with me your story.
- Which exchange is more secure and best for trading? (pros and cons?)

Just go with major exchange sites like binance and bittrex.
Pros: You still can withdraw with 2btc per day even without kyc. High liquidity.
Cons: You need to passed kyc if you want to withdraw beyond your limit.

- When you do for trading, did you put all your money at one exchange?

No, because some of my coins are being trade in DEX.

- Which indicators are best for trading? Accuracy come from 1 hour or 1 day chart?

I'll go with both especially if you're a day trader, this will help you in your TA.

- How do you make the decision to buy or sell the coin? Is it only bases on news or charts?

I don't want to be greedy so I'll sell whenever I profited like at least 3% to 5%. That will do for me.

- Is there any safer way for having profit with swing trading?

Swing and day trading are both risky and the least you can do is always secure your profit.

- Which pair is best for trading(btc/usd)? Do you decide bases on volumes?

If you really want a sure profit just use usdt as it's stable currency and whenever the market is in dip it won't get affected in either way.

Just my personal view.

[Thanasis]

I am not being an active trader for now but when I do,I will follow some things like first search the coin name on the CMC and see which exchange is providing best price then will choose one from the top if they are reputed enough and can handle the volumes,if not just go with the binance which has low fee and most secured platform.

[sedahan13]

Technical analysis is basic of trading so should be have some knowledge about it, so you can determine support and resistance level. To learn technical anaysis is easy just google it or search on youtube. And also you should be learn about trend of crypto market, current situation of crypto market is good for day trading because all crypto in the bottom price and there not any sign yet the price bull run, so day trading will be more profitable than swing trading for now. Use exchange that has low trading fee and high trading volume so you will get low spread and this possible to maximize the profit. Use Binance exchange is good choice for day trading.

[Binugon]

Hi Friends!
I am still learning for cryptocurrency. I have some questions for trading as I do not have for own experience. Appreciated if you can share with me your story.
- Which exchange is more secure and best for trading? (pros and cons?)
- When you do for trading, did you put all your money at one exchange?
- Which indicators are best for trading? Accuracy come from 1 hour or 1 day chart?
- How do you make the decision to buy or sell the coin? Is it only bases on news or charts?
- Is there any safer way for having profit with swing trading?
- Which pair is best for trading(btc/usd)? Do you decide bases on volumes?

Thanks a lot!

I advise you to buy Bitcoin, because currently bitcoin occupies the first rank of all altcoins and is most widely used by investors, this shows that bitcoin is popular and profitable for many investors. The results of the bitcoin trading are stored in a good bitcoin wallet, I suggest using coinbase or a hardware wallet that is ledger nano s. For trading, I suggest long-term trading that is suitable for the current market situation, waiting for bitcoin prices to be very high

[palle11]

Hi Friends!
I am still learning for cryptocurrency. I have some questions for trading as I do not have for own experience. Appreciated if you can share with me your story.
- Which exchange is more secure and best for trading? (pros and cons?)
- When you do for trading, did you put all your money at one exchange?
- Which indicators are best for trading? Accuracy come from 1 hour or 1 day chart?
- How do you make the decision to buy or sell the coin? Is it only bases on news or charts?
- Is there any safer way for having profit with swing trading?
- Which pair is best for trading(btc/usd)? Do you decide bases on volumes?

Thanks a lot!

You have asked very good question. For someone who wants to be a trader, you need to research on them all.

- When you do for trading, did you put all your money at one exchange?

Nay... Any trader that has huge investment should not put all his investments in one exchange, that will be too risky because anything can befall the exchange either a natural occurrence beyond the control of the exchange and they go down or, the exchange itself is scam. So investing in different exchange is better.

[pawanjain]

Hi Friends!
I am still learning for cryptocurrency. I have some questions for trading as I do not have for own experience. Appreciated if you can share with me your story.
- Which exchange is more secure and best for trading? (pros and cons?)
- When you do for trading, did you put all your money at one exchange?
- Which indicators are best for trading? Accuracy come from 1 hour or 1 day chart?
- How do you make the decision to buy or sell the coin? Is it only bases on news or charts?
- Is there any safer way for having profit with swing trading?
- Which pair is best for trading(btc/usd)? Do you decide bases on volumes?

Thanks a lot!

Which exchange is more secure and best for trading? (pros and cons?)
Binance is the most secure. No hacks yet Has it's own coin and a smooth platform with a good support.

When you do for trading, did you put all your money at one exchange?
Never. Have accounts on atleast 3 exchanges and split your money among them.

Which indicators are best for trading? Accuracy come from 1 hour or 1 day chart?
Depends on what type of analysis you are doing. I generally use the moving averages.

How do you make the decision to buy or sell the coin? Is it only bases on news or charts?
Most of the times based on news and the other times my intuition tells me to do it

Is there any safer way for having profit with swing trading?
Never done that.

Which pair is best for trading(btc/usd)? Do you decide bases on volumes?
Most of the times it's the BTC/USD pair but I do keep checking the altcoins and pair it with BTC to see if I am in a profit or loss.

[liuqi]

The word of secure says trustable and security. So we should concentrate in reputed exchanges but most the experts are says we must concentrate in right cryptocurrency then plan for exchanges. Nowadays many exchanges are not safe so we must carefully pick both coins and exchanges. Mainly all the participants are concentrated in top exchanges because they have huge volume and trust worthy.

[metribitcoin]

In my opinion to get maximum profit in crypto trading, its better to do day trading because many crypto going up and down again just around in that level price area, and currently bull market not coming yet. We have to spend more times for that, and its possible to earn profit up to 50% amonth. And by use compound we will make bigger profit. Use technical analysis is very helpfull in day trading to determine price area for buy and sell.

[jeanross10]

1. Well, I have only used CEX. I haven't been hacked and the whole platform has never experienced such a thing.
2. Of course, not. It's actually dangerous. Most of my assets are kept on a hardware wallet.
3. RSI.
4. I read current news and search the information.
5. Haven't tried that either.
6. BTC/USD or ALT/USD, but I'm also planning to trade cryptos for EUR (https://cex.io/btc-eur).