What and where?

[_BlackStar]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

A list of coins or tokens on coinmarketcap might help you find the trading asset you want, but you can't ask for proper advice on something someone else likes when you don't know what to do. So go ahead and pick an asset that interests you, and start small and don't be tempted by bigger profits if you can't produce from small capital.

Before you decide which asset you want to trade, the trading platform is one of the things you need to consider. You should be able to define a good and reputable platform so that your money is safe with it but not keep your assets in an exchange wallet for long term ^{[not recommended for security].}

[rby]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

You have to pay attention to what you want to do and find the best possible way to do it well.
You said you saved up a few month. Will using part of your month savings be OK for trading? Trading needs good funds with less leverage to win. It could be nice if you can save up more.

You said you have been using Binance for 1 year and you also don't know how to use Binance. We're you actually using the Binance or you created account and left it idle.
They manner you called trading an investment makes me think that you don't know the risk associated with it. Please know about it, learn very well before you begin to use your savings to gamble or trade.

[CryptocurencyKing]

If i get you correctly at OP, you stated that your learning how to trade and that could mean one of two things, either you've got no knowledge of trading at all or your just referring to yourself not to have traded live before.

If the first is the case, I would advice that you learn the basics of trading using demo trading simulation first. You get to face all the challenges those on a live trade face except, the emotions of fear on lose is minimal as you aren't using your actual capital. Live trading could always get so real and you could loose all your capital if you've got zero experience.

Take out the time and build a strategy that works on a demo trade and then apply it in a live trade then, see how it goes.

[milewilda]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

So here are few questions that you should answer.

Which one you do prefer? Active trading or swing/trend ones? You should find out for  yourself on where you are comfortable on dealing with.
Since you are already an old user of Binance then you arent that noob or new on which coins are really moving or does have volume/liquidity.
Its up to your own discretion whether which type of trading you do prefer and since its your money then its your full control on what
you do want to do.

[Zanab247]

I guess ethereum will be more better than binance good as a new traders because ethereum is good for short term trading and it is very difficult to fail traders. Binance is good for you to start learning but ethereum is more better to learn faster and how to earn well from crypto market in this season. Many successful traders you are see around the community, start with bitcoin and ethereum that made them who they are today. Try to invest on ethereum, I believe you will have a lot to learn from ethereum for you to know that ethereum still remain superior to all altcoins.

[blockman]

I guess ethereum will be more better than binance good as a new traders because ethereum is good for short term trading and it is very difficult to fail traders.

Why is it that it's difficult to fail traders? Well, trading is all about the trader itself and how he'll manage to trade these cryptos. Any crypto can fit a trader as long as he knows what he does.
Binance is an exchange but I guess you're talking about their token, BNB. Whether it's ETH or BNB, they're both good for a newbie and it's just going to matter how he's going to deal with both's volatility. One thing for newbies when it's for ETH, the fees are changing and sometimes it's quite high.

[Myleschetty]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

I hope you understand that crypto trading is not always profitable and research shows that a lot of cryptocurrency traders quit trading because of this reason but it is easy to make profitable trading in crypto and that only if you choose to hold when the market downtrend below your initial investment price.

[Rengga Jati]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

So far, Binance is a good choice for me and becomes the first choice, moreover if related to CEX.
Investing in cryptocurrency really needs awareness and readiness for every kind of probability in the future, the worse may be the loss of money because of dropped market codnition. However, you can at least be wise in deciding which coin to invest in. If I were you, moreover because I am new enough, I will pick the top coin,moreover Bitcoin.
I will never put myself in high risks moreover if I really don't know about the ways of this investment. Or wisely, you can learn at first about investing and doing other activities in the future, ready for the rsik, and how you can manage and control yourself when investing.

Now, there are many altcoins which beling to shitcoins and their coins will be dead soon moroever if the team will no longer care aboutthem.

[Mpamaegbu]

What can you suggest?

If you've made up your mind to trade, I think you should arm yourself with the rudimentary knowledge of trading. No man dives into a river without knowing how to swim, else they drown. It's the same principle with trading. You risk blowing your capital if you don't have a rudimentary knowledge of trading, whether you're trading on the safest exchange or not. Again, while at it, avoid leverage trading. Stick to spot trading. It's way easier than leverage trading. You can start with buying Bitcoin. It's guaranteed that price will continue upward even when it dips. That way you won't panic to sell off in loss.

[darewaller]

What can you suggest?

If you've made up your mind to trade, I think you should arm yourself with the rudimentary knowledge of trading. No man dives into a river without knowing how to swim, else they drown. It's the same principle with trading. You risk blowing your capital if you don't have a rudimentary knowledge of trading, whether you're trading on the safest exchange or not. Again, while at it, avoid leverage trading. Stick to spot trading. It's way easier than leverage trading. You can start with buying Bitcoin. It's guaranteed that price will continue upward even when it dips. That way you won't panic to sell off in loss.

The main problem we have in the crypto trading world is that there are too many people who think that they could trade without studying about it, or getting better about it. People forget that we are in a crypto world, and it is so easy to lose money here which results with plenty of people not really doing the right way of trading. Of course you could do whatever you want, but in that sense you should be focusing on getting better.

We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?

[Mpamaegbu]

We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?

Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading.

[lombok]

Start by determining whether you will be trading short term – including day trading such as futures or long term – where you will be buying coins and holding them for years to make a profit.

In my opinion, long-term investment is the best choice, we can get big profits and tend to be safe unlike futures trading. Just a suggestion, a crypto asset that is safe and able to provide large returns is BTC.

[Tony116]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

Do you have already an idea of what cryptocurrency is? If still not, just a brief introduction on cryptocurrency like how it works or how to use it.
After that, familiarize how trade works, how to use the exchange, how to deposit/withdraw first because you will need to fund your account and start trading.

For the technical part, there comes using some chart, basic use of charts how to use trendline and after those using indicators, then start to identify patterns, volume indicators, etc.

He said he has been using binance for a year, which proves he has been in the market for at least a year and of course he is crypto savvy. What he means is that he has some savings and he wants to start with day trading. Nowadays, there are a lot of channels on the internet especially Youtube that teach the basics of trading, so as long as the OP goes there and learns the basics the OP will know where to start.

[Xampeuu]

We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?

Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading.

good point, trading is not a way to get rich quick. Here, a healthy development structure is needed, in contrast to marketers who offer their products for trading to get rich quick, by displaying the luxury they have. and in the end many are disappointed. after we understand that, it would be nice to learn in theory and put it into practice, so that we will know the difficulties in trading, which of course the psychological factor will be very dominant, because in trading it doesn't matter what graduates we are from.

[JooBra]

We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?

Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading.

good point, trading is not a way to get rich quick. Here, a healthy development structure is needed, in contrast to marketers who offer their products for trading to get rich quick, by displaying the luxury they have. and in the end many are disappointed. after we understand that, it would be nice to learn in theory and put it into practice, so that we will know the difficulties in trading, which of course the psychological factor will be very dominant, because in trading it doesn't matter what graduates we are from.

Trading is much harder to be good at then most of things out there. Trading needs constant learning and being able to control emotions to not mess your judgment.

[tbterryboy]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

The answer to your question is not hard to find. If you’re looking for the cryptocurrency to start for your trading, then it is definitely Bitcoin. It has a massive liquidity and is the best choice for newbies to start with.So I am recommending that you start with Bitcoin and you can then expand it to other cryptocurrencies if you wish.

Another cryptocurrency choice I would also advise you to make for trading is BNB, this coin is fairly liquid and is owned by one of the world’s largest exchange. So it is worth considering, For the fact that it has an easy to read fundamentals.  The next one is ETH, which has a massive potential. The coins that I have called for you are big coins in the market.

[Dave1]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

You can't go wrong with Binance, they are the top exchanges right now.

And i will say that majority here has been trading with Binance for years, although they have been breached before, at least they are SAFU. And CZ is very active, a good sign that he is taking care of his exchange and wanted to remain as the best and trusted exchange. So go for it, just remember to read the TOS though so that there will be no surprises on your end.

[ethereumhunter]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

My advice is to try to trade bitcoin with usdt. Try to buy low and sell high. You don't have to wait for the price to go up to a few hundred or thousands of dollars. But just enough for the price to go up into the tens to withdraw your profits. If you can get it and repeat the process 5 times or even more, always try to take a short break because it can make you greedy to get more. But if within 5 times you can't get a profit, try to take a short break or repeat it the next day because it will raise your emotions if you continue.

[AicecreaME]

I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?

Binance is a great place to trade, they are worth to be trusted because for me, they are the best cryptocurrency exchanger. You could first try to trade top coins, BTC and ETH, because they have high volatility which is good and bad when you're trading in futures. Just make sure that you're aware about your trading habits, because if not, you're gonna just lose your money.

Stock trading is not bad either, much safer but you need patient to wait for the right time to sell your coins.

[palle11]

We need to explain very well that this a job, you can't just go to a hospital and start being a doctor, you can't go to a law office and become a lawyer. You need to study for those, why would trading be any different?

Exactly the point I've laboured to advance in time past. Honestly, it beats me hollow when people think that trading is something that can be learnt within a few hours or days while they go to college and spend four to seven years to acquire certificates to practice their so called professional courses like law, medicine, engineering, journalism, etc. Is there anything more professional than trading? Trading isn't a get rich quick scheme. It's a profession and people should pay attention to that. Those who are profitable at it will tell you that nothing is as rewarding as trading.

good point, trading is not a way to get rich quick. Here, a healthy development structure is needed, in contrast to marketers who offer their products for trading to get rich quick, by displaying the luxury they have. and in the end many are disappointed. after we understand that, it would be nice to learn in theory and put it into practice, so that we will know the difficulties in trading, which of course the psychological factor will be very dominant, because in trading it doesn't matter what graduates we are from.

All these are good points for someone who thinks trading is easy. A newbie has to read all those, get it to sink that trading is not just an academic exercise that you just read through and pass out from your course of discipline to be awarded your degree. In trading it is every day learning if you want to stay on the market, it is practical and not to get rich quickly.