How do you trade? At the exchange? Platform? Bots?

[Superalgos]

There certainly seems to be a majority here trading manually... I'm struggling to understand the argument saying that by trading manually you get to hone your skills... How exactly does that work for you? How does logging in to the exchange and placing an order by filling out a form and clicking submit hone your skills?

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[matchi2011]

There certainly seems to be a majority here trading manually... I'm struggling to understand the argument saying that by trading manually you get to hone your skills... How exactly does that work for you? How does logging in to the exchange and placing an order by filling out a form and clicking submit hone your skills?

It will enhance your knowledge to adopt what the market trends is bringing the situation, trading manually gives us the chance to change our position when market is not moving according to our expectations. Whenever there's a change directions, we can deal with it in the rightful manner, from that point you will be able to create backup plans and new strategy once the first one didn't materialize.

[Superalgos]

There certainly seems to be a majority here trading manually... I'm struggling to understand the argument saying that by trading manually you get to hone your skills... How exactly does that work for you? How does logging in to the exchange and placing an order by filling out a form and clicking submit hone your skills?

It will enhance your knowledge to adopt what the market trends is bringing the situation, trading manually gives us the chance to change our position when market is not moving according to our expectations. Whenever there's a change directions, we can deal with it in the rightful manner, from that point you will be able to create backup plans and new strategy once the first one didn't materialize.

You can do that in an automated fashion as well. You just need to sit a think what to instruct your bot beforehand. If this happens, do this. If that happens, do that. And so on...

[wxxyrqa]

There certainly seems to be a majority here trading manually... I'm struggling to understand the argument saying that by trading manually you get to hone your skills... How exactly does that work for you? How does logging in to the exchange and placing an order by filling out a form and clicking submit hone your skills?

It will enhance your knowledge to adopt what the market trends is bringing the situation, trading manually gives us the chance to change our position when market is not moving according to our expectations. Whenever there's a change directions, we can deal with it in the rightful manner, from that point you will be able to create backup plans and new strategy once the first one didn't materialize.

You can do that in an automated fashion as well. You just need to sit a think what to instruct your bot beforehand. If this happens, do this. If that happens, do that. And so on...

Almost all my friends dissuade me from using the trading Bot, since it will not lead to good results.  Subsequently, the trading bot can use your entire balance and leave you 0. If you want to get a really good work experience, then you should do practical exercises and hone your professionalism.  It really will take a lot of time and constant market research.  I’ve been doing this for too long and still can’t call myself a professional.

[o48o]

Trading manually and slow swing trades. I was surprised that people actually use bots. I've never seen one bot that can sustain winnings for a longer periods of time.

[Superalgos]

What if the bot did exactly what you told it to do? Would you trust that bot?

[ethereumhunter]

What if the bot did exactly what you told it to do? Would you trust that bot?

You could trust the bot if you think that the bot can run as you want. But still, you need to have the skill to trade manually and not depends on the bot. That is what I did so far, I try to trade by myself, and I feel that if I use the bot, I think that I need to understand how the bot works so I can make a correct setting for the bot. Besides that, the market will have an unknown movement, so we need to adjust the bot related to the market situation, and for me, that will need more time to make a correct setting.

[Yamifoud]

What if the bot did exactly what you told it to do? Would you trust that bot?

You could trust the bot if you think that the bot can run as you want. But still, you need to have the skill to trade manually and not depends on the bot. That is what I did so far, I try to trade by myself, and I feel that if I use the bot, I think that I need to understand how the bot works so I can make a correct setting for the bot. Besides that, the market will have an unknown movement, so we need to adjust the bot related to the market situation, and for me, that will need more time to make a correct setting.

Using bots in trading is really different from what actually we want to happen. May this technology sound helpful but in terms of accuracy and decision making are quite different. When it comes to satisfaction and to learn more about trading is to do it by ourselves. Bots can be losing, the same thing that it possibly happens to us as well.

[ableh]

my answer is I trade on my own placing orders directly at the exchange, manually. Because I think this is the most effective way to get the best price. Then after getting profit, I did not buy it back but looked for another coin. Because usually after a high pump will not rise again 

[Free1bitco.in]

most people will trade manually on the exchange. I believe that is the most votes compared to the others. this is because everyone has their own style of trading. like selling it at a price that is on-demand, or ordering a rather high price according to predictions.

Very few people currently trade using bots or other tools. when entering the world of cryptocurrency, and seeing unstable prices for most cryptos, I'm very sure people will choose to trade manually.

[wxa7115]

Like majority of this poll's votes, I too trade manually and do my own research. It hasn't been spectacular and I haven't won enough to change my life, but it's still better than letting money sleep in the bank.

As a suggestion, i'd be very wary of trading bots and avoid them like the plague tho. Don't fall for the trick because most of the time they are sleeper scams or not very profitable, in reality.

I do the same, I have been a trader for almost a year now and while my profits are not as big as I would like at least I am getting positive results which is more than what most traders can say after one year of trading.

And about the bots, unless you can code your own bot with your own strategy there is no point in buying a bot created by someone else, as we know you need to allow your bot to make movements in the exchange and if there is malicious code in the bot it could be possible for a hacker to get your funds out of the exchange.

[Superalgos]

I do the same, I have been a trader for almost a year now and while my profits are not as big as I would like at least I am getting positive results which is more than what most traders can say after one year of trading.

And about the bots, unless you can code your own bot with your own strategy there is no point in buying a bot created by someone else, as we know you need to allow your bot to make movements in the exchange and if there is malicious code in the bot it could be possible for a hacker to get your funds out of the exchange.

I work in an open-source project that has just released an open-source platform that helps non-coders automate various kinds of strategies. What is unique about the app is that it does not require coding skills. Traders may design and fine-tune strategies on a visual setting, back-test, paper trade, and—when ready—deploy the strategy as a fully-automated bot to trade live, directly from within their machines. No need to trust third parties with API keys, funds or strategies. The resulting bots do exactly what you tell them to do. Check it out in the Superalgos project website.

And it's free!

[Google+]

indeed there are many ways to trade but I only trade there at the exchange place because in my opinion trading at an exchange place such as the binance platform will provide a lot of benefits because the trading volume is very high every day.

[rodel caling]

Hey!

Do you ever wonder how many traders roam around the Trading Discussion section?

Let's help clear that out with a quick vote!

Feel free to tell your trading story too!

I trade into  exchange derictly  buy and sell coins or token came frim own decision and analization to avod blaming, and trading I believe that we need to give focus and decide by own.

most people will trade manually on the exchange. I believe that is the most votes compared to the others. this is because everyone has their own style of trading. like selling it at a price that is on-demand, or ordering a rather high price according to predictions.

Very few people currently trade using bots or other tools. when entering the world of cryptocurrency, and seeing unstable prices for most cryptos, I'm very sure people will choose to trade manually.

most people will trade manually on the exchange. I believe that is the most votes compared to the others. this is because everyone has their own style of trading. like selling it at a price that is on-demand, or ordering a rather high price according to predictions.

Very few people currently trade using bots or other tools. when entering the world of cryptocurrency, and seeing unstable prices for most cryptos, I'm very sure people will choose to trade manually.

Perfectt explanation mate, using bit tools can help to the traders analization to make good decison and guide to become great trade, anyway everyone have an own strategy and ideas how in trasing.

[darkangel11]

At this time I'm mostly hodling but when I was trading I did it by manually placing the orders. Using bots is very risky and I know a number of people who did it and failed. I mean they did not lose money but you're keeping money on exchange, wasting time making sure everything works and you're earning a dollar a day. That's a free dollar but still bots aren't very profitable.
I also did some arbitrage trading back in the day and you could really make some good money that way. I think I made more money on arbitrage trading than trying to predict the bottom.

[Dreamr]

Well, there several ways on how people approach cryptocurrency trading. some people are using crypto trading bots and some people are using coinmarketcap to find the profitable coins to trade. But for me, I personally use crypto exchanges such as Binance, Kucoin, Gate.io, and Coinbene to trade altcoins and make money.

[d3nz]

I trade in exchaange manually and on my own since i can see where i can position my trades and setting up a stop-loss in case i miss the downtrend.

And i think trading using a bots is not good and the fees could be bigger and some tools to make a trade is good where we can analyze the market easily.

[Btc_1856]

I trade in exchaange manually and on my own since i can see where i can position my trades and setting up a stop-loss in case i miss the downtrend.

And i think trading using a bots is not good and the fees could be bigger and some tools to make a trade is good where we can analyze the market easily.

Using Bots is not a good idea because if exchange funds definitely they will block the accounts, manual trading is always good for the investors because based on their knowledge they might make profits. Trading manually through technical analysis will help to acquire more knowledge and can make profits with the fluctuations.

[ChrisPop]

I have always traded by manually placing orders, though I want to get more into algorithmic trading and bots programming, but that requires quite a big learning curve especially if you don't have any prior programming experience. There are coders around the world who get paid lots and lots of money to automatize traders strategies, so it's pretty worthwhile to learn this skill in my opinion. However, personally I want to always be in charge of my trades so I prefer getting in and out of them manually.

[GG1912]

I think it really depends on what you are trying to achieve. Platform with useful tools will make your life much easier than trading at exchange (especially if you are a newbie). Some platforms can be quite pricy but it's easy to find basic tools at some for free. Not a veteran trader but i always seek help at www.newscrypto.io . If anyone knows for a better site please return a comment! Good days fellow traders.