Exchanges are important but what is more important is our skills, just choose exchange that have high reputation where we can secure that our portfolio is safe and secured like Binance, Bittrex and OKEX. Exchanges should be our second concern and our focus should be the improvement of our skills and knowledge. We cannot make money if we do not know what we are doing even if we using the top exchanges in the market. We should have knowledge about how to use it and how to make money in the market that is very volatile.
That is true that even if use trusted exchanges and our skills are poor then we can still face huge losses. It is not about the exchanges, it is about how we handle the risks. There are traders who using reputable exchange but thwy still experiencing losses due to their poor risk management skills. In terms of picking exchanges, we can choose the exchanges which has the highes liquidity and volume in the coinmarketcap.com but we should be careful to the exchanges that have fake volume. Yes it is existing so we should pick careful.
