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Author Topic: Suggestion for trading platform  (Read 270 times)
cryptosojib
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July 01, 2019, 04:16:45 AM
 #1

I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in  Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
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July 01, 2019, 07:37:02 AM
 #2

Your losses have more to do with the unpredictable price and your trading methods and less to do with the trading platform used so unless you're looking for a specific feature that you might think will help you... I don't think changing the platform will do much to you.

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July 01, 2019, 07:53:03 AM
 #3

I think not a new trading platform is that you need as what OmegaStarScream said. When your reason is losses for using different trading platform, then the trading platform you used has no problem.
You need to improve the way you trade, like fundamentals on trading, risk management, technical analysis etc.

But if you find you are not comfortable on the trading platform you use, like it's not a friendly user or having very low trading volume, then that's the time I think you need to try some new trading platform.
If you ever asking for some trading platform, my suggestion is Binance, since they have a quite huge trading volume and some lessons about crypto/trading here Binance Academy.

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July 01, 2019, 08:31:19 AM
 #4

OP, only trade in an exchange that has real, actual volume. Nearly 95% of all cryptocurrency exchanges have fake volume, and they play against their users, in both the bid side, and the ask side.

Newbies read, https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf


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July 01, 2019, 11:09:03 AM
 #5

I think the exchange platform you are using is not the reason behind your losses. Trading is like that, we cannot predict 100% according to what we expect. Maybe knowledge in trading is only helpful in determining OP / TP, after that it does not know what happened to market movements.

Make this your experience, I am sure you are wrong in buying coins. You buy when the price is high, actually trading must be patient and wait for the lowest point to do OP, do not become a victim of FOMO.
Maybe the exchange I suggested was only Binance and KuCoin, because in my opinion this exchange provides comfort in trading for users and so far I have no problem.
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July 01, 2019, 03:09:33 PM
 #6

I don't think that changing platform will help you to recover your loss.If you buy legit coin with making proper research then you can recover. But  if you want to change platform you can use bittrex,binance,kucoin. Hitbtc also good but I don't like hitbtc much Smiley
Hope you will recover your loss soon Smiley

 
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July 01, 2019, 03:19:16 PM
 #7

If you did bad on Mercatox and Bibox, then chances are you're going to do as bad when using other platforms like Binance; well, unless you realized what mistakes you did, but changing platforms isn't going to improve you at all. Might as well use the same platforms you're already using.

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July 01, 2019, 03:20:36 PM
 #8

when bitcoin is unstable you should not trade anything. this is very bad because the altcoin is influenced by the price of bitcoin.
at least you do backup or cut loss to maintain greater losses.

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July 01, 2019, 03:28:11 PM
 #9

I think the exchange platform you are using is not the reason behind your losses. Trading is like that, we cannot predict 100% according to what we expect. Maybe knowledge in trading is only helpful in determining OP / TP, after that it does not know what happened to market movements.

Make this your experience, I am sure you are wrong in buying coins. You buy when the price is high, actually trading must be patient and wait for the lowest point to do OP, do not become a victim of FOMO.
Maybe the exchange I suggested was only Binance and KuCoin, because in my opinion this exchange provides comfort in trading for users and so far I have no problem.

Thank you so much sir take my love
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July 01, 2019, 03:37:00 PM
 #10

The only reason why you lose is because you are trying to be a daily trader. Just invest in some promising altcoin and hold it for long term and you will get profit. It has nothing to do with the trading platform you used
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July 02, 2019, 08:52:16 AM
 #11

Where you are trading doesn't matter as much as you what you are trading. Exchange is just a middleman that allows you to trade with others on bitcoin or any other coin you want and there are a lot of same coins in similar exchanges. Just to give an example the btc/eth pair exists in almost all big exchanges and the prices are always close to each other as well, which means you can pick any exchange you want but in the end if you are not a good trader you are not going to make any money at all.

I would suggest getting that money out and investing it into something else, I know its too little for stake or any masternode but maybe put it on freebitcoin for yearly 4% interest, aside from that I can't think of any other riskless method and any risk you take may be dangerous for you.

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July 02, 2019, 10:26:58 AM
 #12

Your losses have more to do with the unpredictable price and your trading methods and less to do with the trading platform used so unless you're looking for a specific feature that you might think will help you... I don't think changing the platform will do much to you.
Yes I don't really think that switching platform would make any difference ,
The thing that you need to do is train yourself and learn from your mistakes and  try to win back again.
Don't just go into trading just because you saw some people who earns from it ,
It takes some time to study and learn some trading skills so you should also invest your time in it.
Try to use some trading simulator first before you loss all of your remaining crypto.

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July 02, 2019, 10:29:22 AM
 #13

I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in  Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..

Profit is not dependent on the platform(exchange) you use. It is completely dependent on the strategy that is begin used. Change your strategy if you are facing loses.

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July 02, 2019, 10:45:09 AM
 #14

I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in  Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
With small capital, you really should not trade. You should work for ICO projects or airdrop more to earn a lot of money. During that time, please read more and learn more. When you have a lot of money, about 2k $ - 4k $, you can start to return to the transaction.
I used to be a newbie and had a desire to trade like you. But it took me more than 5 months to trade and profit was only 15% in $ 600.
That's bad, so I recommend saving now and learning more instead of trying to trade to get a small amount. Wink

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July 02, 2019, 11:03:34 AM
 #15

The future is our dark. The alt-coins market is much darker than that. Nobody here can stress that there will be profit in the market or loss. 0.010 BTC not huge amounts, but a lot to you. Risk management like trading mainstream, technical analysis etc needs to improve your mind than you can easily invest. And you will be gainer.

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July 02, 2019, 08:27:07 PM
 #16

But Your losses are not from your current exchange...your coins are what caused you the losses. So I don't think changing an exchange will help you recover. You probably should strengthen your trading skills and be patient with your trading results .

 
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July 02, 2019, 09:01:44 PM
 #17

when bitcoin is unstable you should not trade anything.
Is bitcoin ever stable?
There are different strategies for different periods in the network, when there is a surge or a plunge, but waiting for stability in this network, I doubt you'll see any.
What OP needs to understand is that day trading is not quite as easy as long term trading, it involves methods and techniques that need to be learnt.
Probably that's what OP is lacking

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July 02, 2019, 09:29:25 PM
 #18

I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in  Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
Both of the exchanges you have mentioned is really new and doesn't have much trading volume so its better to try binance like platforms that has earned good reputation for last few years.

Also the losses you have in your trade looks like from your bad trading decision that due to exchanges so you need to first learn when to buy or sell before you can make any profit out of trading. Coinex and gate have margin trading option, you can try it if you don't have huge bankroll to start with but it will also multiply your risk of losses.

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July 02, 2019, 09:37:47 PM
 #19

Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..

It's not because of exchange that's why you lose, it's your mistake. I assume something goes wrong in your strategy or you got struck by hype.

You must determine the "core" of the problem. Yes, the root why it turned out like that. Do you think that is because of the exchange? Low volume, pump, and dump, etc. it's all common when you do altcoin trades. How long you are trading now? Still not learn from your previous losses?

Time to make some serious preparations now. Plan carefully on your next move with your budget of BTC0.01. Head on Binance.

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July 02, 2019, 11:47:29 PM
 #20

Always choose an exchange that has a high volume and a lot of trader's user. I think Binance is suitable for you where to trade.
That is not a mistake of which exchange you had chosen, that is your mistake in choosing and probably the wrong move of trading. Those mistakes if you no let happen again you may get more profit and your losses were back. As you noticed most likely people here saying it's Binance. Then, go for it and good luck.

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