When you are buying alts on a crypto only exchange, is there an easy way to see the true fiat cost of the coin? Like the order book will say 0.00042 eth/coin. Do you just manually figure out the fiat cost by using a calculator? Or is there another easier way? Much easier to know something costs 2 cents vs figuring that out from eth price. Or am I just not understanding how this works? Thanks!
You have to be a big boy mate and pull yourself up by your jockstrap. It's irritating but yes, you have to keep a conversion calculator with you at all times so you can place orders correctly. If you don't, you'll lose the shirt off of your back while trading.
Despite how easy the YouTube Crypto guru's make trading seem, it is very hard. You have to be able to read the order book and fully understand the ebb and flow of the depth charts and how to calculate your costs for trading, there is no shortcut. A lot of those gurus have been trading for years.
I know because I too jumped in and thought that I could just start trading to take profit and got totally wiped out, literally. Remember to practice your due diligence and study. Some exchanges may calculate and convert to your local currency but others expect you to know how the books work.