lucifur (OP)
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Designing for everyone
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March 27, 2022, 03:34:41 AM |
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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?
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Jawhead999
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March 27, 2022, 03:57:35 AM |
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Binance is a good start for trading due to many features they offer e.g. margin trading, futures trading, scalping, a lot pairs etc. So you wouldn't searching other features since most of features already in Binance.
But since you said you're still new about trading, it's better if you try to learn about trading, scalping and chart movements first. You can try using demo account too.
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smartaction
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March 27, 2022, 04:09:52 AM |
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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 must trustable and number one exchanger in crypto industry. you already choice a good exchange. i at first i suggest you to invest in bitcoin. coz due to the big correction the bitcoin price drop a lot in this year . so this is the best time to invest in bitcoin then you can take a look in BNB , Ethereum and Litecoin. for altcoins you can search some binance listed low cap token and invest on there for long team
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davis196
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March 27, 2022, 11:44:55 AM |
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You say that you don't know what do to,but you have been using Binance for a year? How did you used Binance?Did you have a demo trading account or something? My advise for you is to get any possible information about trading(that is available for free on the internet) and just watch the videos and read the text content. I know that practice is the best education method,but theory is also important. You have to be prepared for losing lots of money in the beginning.Almost all traders begin by losing money. This is just a part of the journey.Only the most persistent and disciplined will survive in this business. You should avoid the higher risk trading tactics-like leverage trading.Stick with the big crypto-Bitcoin and the top 5 altcoins.Maybe after gaining more experience with the big crypto coins,you could jump into day trading.
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GreatArkansas
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March 27, 2022, 04:35:44 PM |
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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.
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The Cryptovator
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March 27, 2022, 04:49:50 PM |
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Since you choose Binance to learn to trade, so research more about how it works. And regarding trading pairs, you have to choose yourself. You have to look at some top projects listed in Binance and research them. There shouldn't chance of delisting very soon that coin you are going to choose. Otherwise, you will lose everything. So the most important part choosing the right trading pair. On the other hand, you can't learn trading by seeing or reading tutorials. You have to start with a small amount that you can afford the potential loss. So some days you would be a full trader.
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monineklutak
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March 27, 2022, 05:28:56 PM |
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Binance is a good start for trading due to many features they offer e.g. margin trading, futures trading, scalping, a lot pairs etc. So you wouldn't searching other features since most of features already in Binance.
But since you said you're still new about trading, it's better if you try to learn about trading, scalping and chart movements first. You can try using demo account too.
When it comes to features, one of the most complete is Binance and many people use it, with some of the features you've mentioned I think is one of the reasons why many people use Binance and that's without a doubt, For beginners, it's safer to use a demo account, but it's different if you enter the real market
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logfiles
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March 28, 2022, 01:40:43 AM |
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Since you are a beginner, and you are learning on how to use Binance, this might be a good start for you - https://academy.binance.com/en?page=1There is also some general knowledge in there about cryptocurrencies. You could first learn a few basics like different types of orders, candlesticks and charts patterns, depositing and withdrawing etc, before you start trading. Also make sure, when starting to trade, use only money you can afford to lose.
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cryptoaddictchie
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March 28, 2022, 04:42:11 AM |
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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 could start by studying basic trading principles. If you are gonna go for altcoins on binance, most of them have the same movement and totally depend on btc market. If you would notice that when btc is up the whole market got pulled by it and same goes when it goes down. However there are cases that alts are strong due to their demand and concept which I think even btc is down you could say they could stand on their own.
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Strongkored
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March 28, 2022, 07:22:39 AM |
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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 been using Binance for a long time which means you have completed your KYC obligations, because this is important otherwise your account can be frozen. trade on the spot and only on coins with high trading volume and use the funds you have on the exchange gradually don't go all-in, but all success really depends on the knowledge you have in trading.
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passwordnow
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March 28, 2022, 08:06:23 AM |
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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?
Start with the most common and popular to trade with and that's with bitcoin. It's currently shooting up and there's the possibility that it may start to correct for a bit. But as soon as you see that happen then it's now time for you to start buying it. There are actually a lot of pairs to trade in Binance and since you're already aware of the exchange, you explore all of those because you can see all of them.
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Alisha-k
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March 28, 2022, 08:57:31 AM |
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Binance is one of the easy-to-learn yet trusted trading site currently, since you claim to have been on the site for a while, I'll suggest you open a demo account to test your abilities backing it up with learning, perhaps when you're convinced of how well you're able to handle the account, you could then open a real account and begin the real deal..
Good luck🥰🥰
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safari88
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March 28, 2022, 11:59:08 AM |
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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 good exchange site and one of the safest and secured exchange site. There's a lot of coins in the Binance and you can take a look at some of those and analyze the market of any coin and see if you can make a trading strategy but I suggest to choose high capacity or high trading volume coins rather than the lower cap so it will not be too volatile.
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Beparanf
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March 28, 2022, 12:03:54 PM |
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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?
It's only goodnto trade on binance during bear season when all tokens is down or experiencing all time low. Binance is the most prestige crypto exchange so far it means that token being list there already experienced the best possible pump ever happened on its price. Buying on DEX with the project that still not listed on big CEX is the best investment for long term without relying on the token available only in Binance.
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MonsterV
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March 28, 2022, 12:22:56 PM |
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You can check https://coinmarketcap.com/ try to look at the top 20 coins they are good coins to trade and avoid coins that is newly listed and focus on the coins on the top 20. Binance, KuCoin, Bitfinex is some of the good exchange sites too. There is an exchange tab on coinmarketcap and you can see the list and their ranking.
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Mauser
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March 28, 2022, 12:56:33 PM |
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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 good choice, they are very large and offer a wide range of coins. Hard to give the perfect coin that will make big profits quickly. As a new trader I would recommend to go for a well established coin. Here you have enough liquidity in the market that you can buy and sell quickly. Also a popular coin means that prices will not move to fast, so the risk of losing a lot of money fast is relatively small. That's why for new traders it's best to go for ETH or BTC. It's a good place to gain some experience in trading.
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sarmrakib
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Up to 300% + 200 FS deposit bonuses
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March 28, 2022, 01:39:44 PM |
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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 must trustable and number one exchanger in crypto industry. you already choice a good exchange. i at first i suggest you to invest in bitcoin. coz due to the big correction the bitcoin price drop a lot in this year . so this is the best time to invest in bitcoin then you can take a look in BNB , Ethereum and Litecoin. for altcoins you can search some binance listed low cap token and invest on there for long team I am agree with you that he has already chosen a good and top exchange of the market .This is the most secure exchange in crypto platform .Though he has a good experience to use it for a year still he is new on trading i think .So what he needs to do that study a lot and spend many more to time on the market and also try to read the market properly .I don't wanna suggest to invest right now ,I wanna suggest to spend few more time to watch the market and spend more time to study different strategy and also research the market on technically .I hope after having a good experience start with small fund and gradually he will get everything where he needs to get entry and exit and also choose the right coin to invest on.
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Despairo
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March 28, 2022, 01:58:24 PM |
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It's only goodnto trade on binance during bear season when all tokens is down or experiencing all time low. Binance is the most prestige crypto exchange so far it means that token being list there already experienced the best possible pump ever happened on its price. Buying on DEX with the project that still not listed on big CEX is the best investment for long term without relying on the token available only in Binance.
Trading doesn't guarantee you will earn profit and you suggest to trade during bear season is almost impossible for someone new in trading to earn profit. Most of trader always like trade on bull season since whenever they bought, it will increase. Well, trading need both analysis about fundamental and technical, newly listed token doesn't have any fundamental since it's easy to manipulated. You're confusing between trading with skills and gambling in shitcoins.
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YOSHIE
Legendary
Offline
Activity: 2212
Merit: 1779
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March 28, 2022, 02:29:28 PM |
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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?
Crypto trading is basically the same as buying and selling, any platform is almost the same including Binance, only the difference is the type of crypto they provide, In general, Binance is the choice of many people in trading, besides the coins that are in the same are also coins that have good value and potential. The bottom line is: if you want to trade crypto on Binance that's good the important thing is that you choose the type of crypto that has good opportunities for you in the future in terms of profit.
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sheenshane
Legendary
Offline
Activity: 2450
Merit: 1229
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March 28, 2022, 02:39:35 PM |
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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?
Choosing a good exchange is a good start and where you can entrust your money and let them hold it for your trading activities. So you've chosen the Binance exchange which is a good pick, they've supported many coins listed on that platform and not only trading, either staking is also available on their platform. I suggest having first knowledge and skills in trading and don't expect too much profit from the start because you're building up an experience there's a possibility of losing your fund. You should always be ready when to decide to start trading, it's very crucial and not easy of making money and I hope you understand that in trading, earning isn't the most subjective, earning experience too is a must.
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