I'm thinking about trading. My name says it all.

[aswin123adam]

Hello, everyone.

I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.

Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.

No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?

So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.

I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?

Thank you.

There are various ways to do that .

1.) Day trading works well with higher amounts .
Most of them will suggest you to join a signals group for money and do as they say . Imo it is simply a waste of time . Always do a TA if you think a coin is pumping research it if the hype for the coin seems to prolong get in set a small target get out thats all .

2.) BUY and HODL .
Simple as it sound . But Bitcoin now and forget about it . Keep track on latest news and stuff tho . Convert to preferable currency when it hits your target .

3.) Gambling .
Simple get into sites like EarnBet put in some money gamble it off in different games like poker , blackjack , crash and stuff like that . Never invest moere than you can afford to lose .

4.)  Margin Trading .
Margin Trading is actually riskier than gambling . Learn leverage trading at various sources available online like binance academy , youtubers and stuff like that and always try out with free money . Bybit.com provides you a 5$ bonus money to try out margin trading . Check them out before entering into leverage trading

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[bitbollo]

...
3.) Gambling .
Simple get into sites like fun.earnbet.io or roobet.com put in some money gamble it off in different games like poker , blackjack , crash and stuff like that . Never invest moere than you can afford to lose .
...

Hi aswin123adam, gambling is just gambling isn't a form of investment.
Moreover if you play games that allow the house to have a strong advantage it's pretty clear he will go to lose money .

[wiss19]

Why not just continue with the exchanges you have heard of instead of looking for another exchanges to make use of? That’s how some of you end up falling for scam exchanges. Binance and Coinbase are the biggest exchanges we have here, so we go the two of if you’re interested in day trading, they are the best and that’s why you heard about them first. Majority of the other you’re going to come across are likely going to be scammers, so be very careful.

eToro[1] has this feature; pretty much they give you $100,000 of play money, and you can trade with all your heart's content without actually risking your money. You can also trade assets outside of crypto aswell.

Yeah eToro is going to be helpful with their virtual trading , he wouldn’t have to start off immediately and start trading with his money and taking risks, although I have not made use of the eToro trading platform, I have been making use of Binance and Coinbase pro for long now. Heard that eToro also has copy trading.

[rexxarofmoknathal]

Hello, everyone.

I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.

Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.

No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?

So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.

I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?

Thank you.

The exchanges you mentioned aren't bad for trading, and their well known.

Poloniex is another one I use for trading and it isn't bad, the only thing is that it automatically logs you out after 5 mins or so and I never got around to changing that (not even sure if its possible). Day trading in the way you described sounds possible but if I were you I'd consider some other alts beside ETH simply because their volatility is greater so from within a day you can find several entry/exit points.

[Kasabus]

Why not just continue with the exchanges you have heard of instead of looking for another exchanges to make use of? That’s how some of you end up falling for scam exchanges. Binance and Coinbase are the biggest exchanges we have here, so we go the two of if you’re interested in day trading, they are the best and that’s why you heard about them first. Majority of the other you’re going to come across are likely going to be scammers, so be very careful.

eToro[1] has this feature; pretty much they give you $100,000 of play money, and you can trade with all your heart's content without actually risking your money. You can also trade assets outside of crypto aswell.

Yeah eToro is going to be helpful with their virtual trading , he wouldn’t have to start off immediately and start trading with his money and taking risks, although I have not made use of the eToro trading platform, I have been making use of Binance and Coinbase pro for long now. Heard that eToro also has copy trading.

Binance and Coinbase are already good choices for day trading exchanges and they are well trusted by most of the traders here. Since you are still a newbie in trading, i suggest to gather more information first and use a free demo account first so you will be aware of how a day trading will work and if you are suitable for it. Many have thought that day trading is as easy as that and can be much profitable but in the end, only few have succeeded and gain huge profits while others end up losing their capital.

[MCobian]

It looks like you want to do day trading, because you want a relatively fast profit. Seeing your position who is still a newbie
in the world of trading, like it is very risky doing day trading. But if you feel confident in your trading skills, please just do it,
but my advice is to use your capital of $ 1200 in stages. And most importantly use the stop-loss feature, so that your capital
does not run out when the coin price suddenly drops. Then choose coins with high volume, usually very suitable for day trading.
Then for a good trading place, I recommend using Binance exchange, because the trading features on Binance are very comprehensive.
It is suitable for day trading.

[Kelvinid]

I don't think that you'll need to find more exchanges in order to compare it. You have found it already and that is enough because if it does not give you good results, its gonna be worse if you used other exchanges with less trading volume.

Binance and Coinbase pro are known already because most traders had found it really gives them what they have expected to see. Though there is no wrong trying another one but I just want to help you not to waste your time because it surely you will get back where you're started from.

[Salauddin1994]

The business you choose has many risks for newcomers if you don't have a good idea about trading then long term trading is much better than day trading for this binance is better the risk is less and there is no fear of getting lost or stolen. If you keep it for a long time it is possible to make a lot of profit if the price goes up when it comes to exchanges you have to move forward with confidence regardless of the value of the currency.

[akram143]

Hello, everyone.

I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.

Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.

No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?

So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.

I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?

Thank you.

Binance is one of the favourite exchange for the day traders due to the low fee and I am also preferring Binance for you if it got the pair which you are looking to trade in your learning period.But going with all amount just for learning doesn't look a better idea so go with a part of it like 400 dollars to try and let the remaining into reservation.

[apache20]

IMO, if you're really going to be day trading, I would definitely get away from Coinbase Pro and use a platform like Binance or Kraken. CB Pro's charting tools and order types aren't very advanced and fees are high. For swing trading or even maybe a day trade every day or two you might be ok, but if you're really going to trade multiple times a day, you'll need something better than CB Pro for sure.   

[militiariko]

No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?

Well, every trader or investor that i have known and has mentored me, has always informed me that profit should always come first. Though you have to trade through certified processes and competent means, still you must aim to always take profit.

For every trader, profit is a core source of motivation, while a loss must give you energy to correct your lapses and perfect your strategy,

[stomachgrowls]

Hello, everyone.

I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.

Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.

No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?

So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.

I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?

Thank you.

Dont tend nor plan to touch leverage system yet and much better if you do focus out on spot trades first and when it comes to platform suggestion then Coinbase pro and Binance will be a good platform to use on.

One of the advantage of yours is that you do have lots of time to spent on which basically means that you can make out day trades.If a thousand bucks is just a bit tiny amount to you then it would be just fine

for you to test out with those amounts but do try to minimize loss as much as you can and try to make some good strats along the way when you do trade. You can opt to choose ETH or BTC yet this had been

the main choice and other top alts when it comes to volume which you can really able to make active trades. Just dont rush up on learning things!

[DarkDays]

If you are genuinely a layman, then you clearly have no idea what cryptocurrencies are or how trading works. Really not a good start.

I'd suggest spending some time and researching into the fundamentals of cryptocurrencies and the current market climate before you even register to an exchange.

Binance Academy and Ledger Academy have some good resources for this type of information. NewsCrypto also has a lot of tutorials, but this is more trading oriented, and so should come at a later step.

I'd also recommend spending some time in popular trading communities on Telegram and Discord to get a general feel for things.

Once you've done all that for at least a couple weeks to a month full time, then it's time to start trading using demo accounts on spot trading platforms.

Once you can reliably turn a profit when demo trading, you're ready to step into the big leagues.

[azmirihaque]

Welcome to the crypto world. You have taken your best decision to start your trade with crypto. Though you have no high interest to make your trade largely, I am sure , you will be highly interested in crypto trading when you will engage in this world. There are many trading platforms, you can select one from top 10 ranking platforms.

[AakZaki]

Binance is a very worthy platform to choose from for your day trading, because the volume on Binance is also very large.

The day trading that you do, of course, must be done quickly. The scalping method will be very suitable for types of day trading. You also need to know the basics of trading. 1,200 USD is a very sufficient amount for day trading. You only need to split with several orders on different coins or on Bitcoin and ethereum which are your favorite coins.

[drlukacs]

Currently, we also have other reputable exchanges such as Huobi Global, MXC exchange, Okex. There we are not only asset security, but we also have many options when it comes to investing.
But my advice is that you should use multiple exchanges at the same time and divide the money into many places. That is how to avoid risks as well as give yourself the opportunity to trade more successfully. There are many altcoins with good news, but not always those altcoins are concentrated in a certain exchange. So you need to split capital evenly across exchanges.

[masphie]

Maybe you can share what analysis have you learned?
If you want day profit with  $1200 i think this is very possible.
But how much your target profit for 1D ?


NOTE.
Key for Day Trading is "take control of your desires".

[michellee]

Maybe you can share what analysis have you learned?
If you want day profit with  $1200 i think this is very possible.
But how much your target profit for 1D ?


NOTE.
Key for Day Trading is "take control of your desires".

Using $1200 will not be a problem to do day trading, but he needs to have the skills to choose the coin and analyze it. No matter how much money you want to use to trade, if you don't have skills, it is difficult to buy low and sell high because you need to analyze it to find the coin. Maybe he will divide $1200 into some part to be used for trading because if he goes all in with that money, that will not be wise as the market still move, and we are hard to predict where the price will go.

[masphie]

Maybe you can share what analysis have you learned?
If you want day profit with  $1200 i think this is very possible.
But how much your target profit for 1D ?


NOTE.
Key for Day Trading is "take control of your desires".

Using $1200 will not be a problem to do day trading, but he needs to have the skills to choose the coin and analyze it. No matter how much money you want to use to trade, if you don't have skills, it is difficult to buy low and sell high because you need to analyze it to find the coin. Maybe he will divide $1200 into some part to be used for trading because if he goes all in with that money, that will not be wise as the market still move, and we are hard to predict where the price will go.

what hahahaha
i think he already research about crypto. aAnd i want him to share what he has gained from the research here.
Because a lots of analysis about crypto movements.

[gazilla]

Dude if you are new to Crypto, trading is the last thing you wanna do. First thing you need to do is get in the crypto world then by doing research you can slowly start trading. Also always try to find out why a certain coin is having a sudden increase or fall.