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Author Topic: For beginners which trading option is best and which platform and why?  (Read 541 times)
frank07a
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December 24, 2020, 08:43:33 AM
 #61

If you are a beginner then you need to think very well before starting trading. I choose investing. I buy bitcoins using the Changelly Pro platform. But this platform also has all the tools for trading. If you are interested, here you can read more about this cryptocurrency exchange. I can't advise anything else, since I've never traded anywhere else;)
bearexin
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December 24, 2020, 09:19:16 AM
 #62

The exchange to make use of should be based on what you really want. It is better for the person who is looking for an exchange to join and start trading to look for the top trading exchanges and after they have gotten the list of top exchanges, they can start comparing them based on features and offers, and through that they make the decision for themselves on which exchange will suit their need.

There are people who prefer making use of Coinbase, and if you ask them they have their own reason, and there are also those that prefers Binance, they have their reason why that’s their best choice. Just like that there are also those that are into other things.
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December 25, 2020, 05:47:59 AM
 #63

If you are a beginner then you need to think very well before starting trading. I choose investing. I buy bitcoins using the Changelly Pro platform. But this platform also has all the tools for trading. If you are interested, here you can read more about this cryptocurrency exchange. I can't advise anything else, since I've never traded anywhere else;)
You actually need to explore more because there are lot more better alternatives which will help you to save lot money money which you are paying for the fee.Usually p2p is the best because where you get very less trading fee for fiat to crypto conversion.

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frank07a
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December 27, 2020, 02:59:26 PM
 #64

If you are a beginner then you need to think very well before starting trading. I choose investing. I buy bitcoins using the Changelly Pro platform. But this platform also has all the tools for trading. If you are interested, here you can read more about this cryptocurrency exchange. I can't advise anything else, since I've never traded anywhere else;)
You actually need to explore more because there are lot more better alternatives which will help you to save lot money money which you are paying for the fee.Usually p2p is the best because where you get very less trading fee for fiat to crypto conversion.
Hello. Could you tell me about the other platforms in more detail? It would be very interesting for me, since my horizons are not great at the moment;)
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December 27, 2020, 03:26:59 PM
 #65

There is no big difference between trading platforms, they are all the same, the only difference is liking an interface than the others, for example I like binance exchange interface than kucoin and huobi but the experience is all the same

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December 27, 2020, 03:40:04 PM
 #66

Totally agree with you. Spot trading is less risky than any other form of trading. In trading, there are many things you need to learn and you can not obtain everything in just a couple of days. Trading is a long process and you have new experiences day by day. By using spot trading, you will minimize the loss because you might suffer losing money from the first days of trading.

And as you say, Binance is definitely the best exchange currently. Opening in 2017 but they soon gained lots of attention from traders and crypto enthusiasts. They keep adding new features as well as educated information to enhance the trading experience which pleases traders very well. If you are a new trader, remember to look at Binance before joining any other exchange. The best of the best

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December 30, 2020, 11:46:32 PM
 #67

IN my opinion, as what I am experiencing and doing it also, I will use spot trading. Additionally, I will also choose a local exchange in my country that is trusted and under government law and registered there, so it will be more secure.
It is done because a newbie may not know which exchange is good and reputable. And commonly they will deposit it by fiat and local exchange is the best way to make it.
However, if you got coins for trading from several certain programs, you can choose Binance as the referred exchange. This is also very reputable and there are many choices of coins and also trading types.

And also one to remember, please do not head directly to future trading even you got a VIP signal from VIP group future trading. Because it may not work at you fully and you can lose your funds easily. SO, start from basic in spot trading.

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December 30, 2020, 11:51:41 PM
 #68

The most important thing for beginners is to gain enough knowledge about trading. Without trading knowledge, even if he trades on a good exchange, his account will be zero. I always advise new traders to start trading after gaining enough knowledge about trading.

Because I myself started trading without trading knowledge and made huge losses. So there are many things to consider when you start trading.

I believe that mastering such a complex occupation as trading cannot go without losses, however, beginners should minimize losses as much as possible. You are right, first you need to get some theory, but theory without practice is useless. Therefore, it is better to do both at the same time. Getting the theory, and immediately working it out on a demo account, is the key to quick learning and mastering trading skills.

Practice with small amounts and this is what i had done when i do start up from being noob in trading.Losses are inevitable thats why its just incorrect for you to think that
you should make out some perfect trades.In talks about trading option then i wont really be suggesting this stuff on newbies since this is some sort of gambling on predicting
neither the price would go up or down into your entry point and basing on what you have chosen neither up and down then you would have 50-50 chance on winning
but the true essence of trading are actually on spot trade rather than in futures or options.

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