trading more efficiently

[david678345]

Hi I would like to know what do you use to trade cryptocurrencies as efficiently as possible (applications, software etc) or some tips...before I was using a platform where there was no trailing stop loss...and for me the trailing stop loss is saving me a lot of time and money...is there any other type of advanced orders that are you using?

And how do you organize your setup, monitors...right now I am using a not very big monitor...and finally is there any way to change the background of the screen in the exchanges when trading?

Right now I use bybit and when I want to see the chart and enter operations the background is black, I think for me it would be better white background...is there any way to change that? and the box to enter the orders is very small...is there any way to make that box bigger...in fact I do not look at the bybit chart...I look directly at the tradingview....

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[palle11]

If you are using trailing stop and you are liking it, stay with that and improve yourself on it. If you are asking for more advanced order taking, don't increase your leverage above what will become a risk to you.

If you want to change the background of your trading platform, usually that should be located around the setting. Check settings and search for background and select colours you want to appear.

[blockman]

If you're just getting started, one monitor would be enough for you and just be there closely monitoring the market for that token and pair you're following.
There's no special setup on it as I've seen from the others. I'm not a day trader so I don't have that setup but with what I've seen for the day traders, usually, two or three setups are enough for them. This is only when you get serious in trading.

[Rufsilf]

I'm not really a trading expert but for being doing this for almost a year, I haven't found any tools or software that will make us not to lose. That is a normal scenario in trading.

And in regards to monitoring setup and background, all you need is to explore the site. I know there are a lot of features you may find by simply clicking the settings found in the corner. It is better to familiarize the site (ByBit) or directly ask their support system if you have some queries or concerns I know they are happy to help you.

[Quidat]

If you are using trailing stop and you are liking it, stay with that and improve yourself on it. If you are asking for more advanced order taking, don't increase your leverage above what will become a risk to you.

If you want to change the background of your trading platform, usually that should be located around the setting. Check settings and search for background and select colours you want to appear.

Doesn't matter on what you would be using as long it would be beneficial for you and you do see that it becomes effective and did really make out some positive results because trading or investment does involved lots of trial and error.It isn't bad  to snip out some idea from other people but you shouldn't really make yourself to be that relying on them but instead formulate your own and find it for yourself whether it's an effective one or not.It does vay on certain individual since not all  are similar on making decisions.

[GreatArkansas]

(....)
Right now I use bybit and when I want to see the chart and enter operations the background is black, I think for me it would be better white background...is there any way to change that? and the box to enter the orders is very small...is there any way to make that box bigger...in fact I do not look at the bybit chart...I look directly at the tradingview....

Bybit is one of the best platforms for me now. That's what I am using now, their mobile app is really nice and their user experience and user interface.
Another thing is don't really put a lot of time on these, you must also give time learning how to analyze charts, you can use that trading view, yes it is useful. Don't make things too much complicated when you can do it easily.

[Silberman]

And how do you organize your setup, monitors...right now I am using a not very big monitor...and finally is there any way to change the background of the screen in the exchanges when trading?

At the early stages of your trading career you will have to accept a less efficient setup to trade the market as you need to save all the money you can so you can add it to your capital, so even if you think the monitor that you are using is on the small side that is fine, after all there are people which are trading the markets from their smartphones, which most likely have a screen which is way smaller than any monitor you can find in the market.

[Strongkored]

And how do you organize your setup, monitors...right now I am using a not very big monitor...

Right now I use bybit and when I want to see the chart and enter operations the background is black, I think for me it would be better white background...is there any way to change that?

One monitor is enough if you only trade on one platform especially if you are a new trader, it will be more useful to allocate funds for trading and start building a better setup from profit but your PC specs must be suitable for trading so that there is no lag that interferes with your trades activities. If the dark or light mode feature is available on the exchange, it will usually be visible at the top right/left and you just have to change it as you wish

[gunhell16]

And how do you organize your setup, monitors...right now I am using a not very big monitor...

Right now I use bybit and when I want to see the chart and enter operations the background is black, I think for me it would be better white background...is there any way to change that?

One monitor is enough if you only trade on one platform especially if you are a new trader, it will be more useful to allocate funds for trading and start building a better setup from profit but your PC specs must be suitable for trading so that there is no lag that interferes with your trades activities. If the dark or light mode feature is available on the exchange, it will usually be visible at the top right/left and you just have to change it as you wish

You mean that if the specs of your desktop or laptop computer are high, it can be said that this is a good advantage for you to earn well and well in the future. Did I understand what you said correctly? When I'm the one doing the trading spot trade, I don't do anything else because, with this method, I'm sure I'll experience a profit here as long as my analysis of the graph is correct.

Then when I do the trading here, there is only one way that is always done and used and that is the spot trading, actually, in the future I will also try to use the Future trading, I just need some few times before I get unto it. Good day

[xSkylarx]

Hi I would like to know what do you use to trade cryptocurrencies as efficiently as possible (applications, software etc) or some tips.

I don't use any applications or software that will help me in trading, I don't find it neccessary now availing those trading which will automate my trades. I still prefel manual trading as I keep learning more from doing it.

And how do you organize your setup, monitors...right now I am using a not very big monitor...and finally is there any way to change the background of the screen in the exchanges when trading?

You don't need some fancy setups to trade properly. As long as you're comfortable with what you have and able to earn from trading then a 24 inch single monitor is already enough. I only have one monitor with that size but I use 2 windows when trading, half screen for charts and the other half for placing trades.

[Kelvinid]

Having a good and clear desktop background and a big monitor could affect our trades but this is not trading all about, what we need are effective strategies. Many trading tools that exist seem we need some of them to have profitable trades. I encourage you to spend more time in the market, check the chart and price movement as in this way you are able to familiarize the movement of the market making you to have some insights to what you will do next.

[crwth]

I'm using Gunbot as a means of trading cryptocurrencies in major exchanges like Binance, FTX, Bybit, GunthyMEX, and more. You can easily trade 24/7 without hassle once you have set it up with your preferred strategy. And there is a lot of it if you are interested. There are a lot of things to learn with it and learn Gunbot at the same time.

If you are interested, I would be willing to help you.

[Wexnident]

I normally use Binance as my exchange, I don't think it matters what you choose that much early on, just test around on what you think would suit you and makes it easy for you to buy/sell crypto. After getting used to it you can then use bots and whatnot, but early on I don't think you need to stress yourself out of looking for them. As for monitors, I don't think you need a big one or multiple ones early on, though it might help later on (I never really tried it even though I had multiple).

I don't use Bybit but a quick lookup announces that they "announced" night mode so I think it's safe to assume they also have a day/light mode with the white background you want.

[AicecreaME]

Take it slowly. If possible, only trade using 1 or 2 coins at tops. Don't trade as many coins as you can because that will only confuse you that could lead to a mistake in decision making. Just like what they've said, 1 monitor is enough since you're just starting. Multiple monitors are for those who are professional already in trading. Risk management is important, don't put too much leverage per trade and always put stop loss.

Take your time perfecting your technical analysis. Don't be afraid to be left out by your friends in trading because there'll be always an entry for you. Patient is the key.

[ethereumhunter]

It all depends on how comfortable you are in trading. I only use a laptop with a 15" screen and that's enough for me to start trading. I use a black background because if the background is white, it makes me blind and can't focus.

Maybe you will like the white background because some aspects are different from mine. And to trade, I only use the basics of trading: buy low and sell high.

I'm just trading to buy low, hold it, and sell it when the price increases. But I don't recommend you to trade 2 coins at once because it can make you confused to analyze it. But it's all up to you because only you know how to do it.

[teosanru]

Hi I would like to know what do you use to trade cryptocurrencies as efficiently as possible (applications, software etc) or some tips...before I was using a platform where there was no trailing stop loss...and for me the trailing stop loss is saving me a lot of time and money...is there any other type of advanced orders that are you using?

And how do you organize your setup, monitors...right now I am using a not very big monitor...and finally is there any way to change the background of the screen in the exchanges when trading?

Right now I use bybit and when I want to see the chart and enter operations the background is black, I think for me it would be better white background...is there any way to change that? and the box to enter the orders is very small...is there any way to make that box bigger...in fact I do not look at the bybit chart...I look directly at the tradingview....

Trading view is definitely the best platform to trade if you can buy the premium version of it. It even allows multi screen function so you can keep multiple screens for different utilities like one for seeing the chart other one for the order book one for entering the order for execution. This way you can be quick and effective. Eventually all the charting providers just take trading view charts to add their own flavour on it. So it's best just to go with tradingview premium itself.

[virasisog]

It all depends on how comfortable you are in trading. I only use a laptop with a 15" screen and that's enough for me to start trading. I use a black background because if the background is white, it makes me blind and can't focus.

Maybe you will like the white background because some aspects are different from mine. And to trade, I only use the basics of trading: buy low and sell high.

I'm just trading to buy low, hold it, and sell it when the price increases. But I don't recommend you to trade 2 coins at once because it can make you confused to analyze it. But it's all up to you because only you know how to do it.

I'm also using the laptop when trading and a comfortable environment so I could focus and feel relaxed which could help me create good decisions while doing trading. I'm not using any tool but I make sure that I'm fully equipped with knowledge about what I'm doing. A wallet and exchange are the usual sites and applications that I often use. I also use google in doing basic research in times of confusion. As for me, your wisdom about market analysis is also important.

[lalabotax]

Hi I would like to know what do you use to trade cryptocurrencies as efficiently as possible (applications, software etc) or some tips...before I was using a platform where there was no trailing stop loss...and for me the trailing stop loss is saving me a lot of time and money...is there any other type of advanced orders that are you using?

Using stop loss is very useful for us, moreover if we are doing a day trading. We can set up this stop loss to decrease the loss risk. not to panic, but to anticipate having many losses.
Btw for another strategy, well, have you tried hedging mode? If there is a hedge mode in your exchange, you can also use this as one of the strategies. Some traders may use it and some don't, like the stop loss. But, for me, this is also helpful enough.
You can learn about this right here or others:
https://www.binance.com/en/support/faq/360041515312
https://capital.com/what-is-hedging-mode-and-how-to-use-it-in-trading

[Hamphser]

It all depends on how comfortable you are in trading. I only use a laptop with a 15" screen and that's enough for me to start trading. I use a black background because if the background is white, it makes me blind and can't focus.

Maybe you will like the white background because some aspects are different from mine. And to trade, I only use the basics of trading: buy low and sell high.

I'm just trading to buy low, hold it, and sell it when the price increases. But I don't recommend you to trade 2 coins at once because it can make you confused to analyze it. But it's all up to you because only you know how to do it.

I'm also using the laptop when trading and a comfortable environment so I could focus and feel relaxed which could help me create good decisions while doing trading. I'm not using any tool but I make sure that I'm fully equipped with knowledge about what I'm doing. A wallet and exchange are the usual sites and applications that I often use. I also use google in doing basic research in times of confusion. As for me, your wisdom about market analysis is also important.

Every tool that you do need could really be found online which simply means that its up to someones effort on how they would really make use of it and would be relevant on the things that they are currently doing.

Trading isnt something that you could learn up easily but its not impossible if you are really that dedicated on doing so.It might be that simple but its not impossible.Being efficient would be entirely be depending on how

someone would do make out trades and this would be basing up on their own analysis and skills which other resources could really be found online or if you are really that serious on looking for it and
the rest would be entirely be gained through real experience which is the other side part of the story.

[ethereumhunter]

It all depends on how comfortable you are in trading. I only use a laptop with a 15" screen and that's enough for me to start trading. I use a black background because if the background is white, it makes me blind and can't focus.

Maybe you will like the white background because some aspects are different from mine. And to trade, I only use the basics of trading: buy low and sell high.

I'm just trading to buy low, hold it, and sell it when the price increases. But I don't recommend you to trade 2 coins at once because it can make you confused to analyze it. But it's all up to you because only you know how to do it.

I'm also using the laptop when trading and a comfortable environment so I could focus and feel relaxed which could help me create good decisions while doing trading. I'm not using any tool but I make sure that I'm fully equipped with knowledge about what I'm doing. A wallet and exchange are the usual sites and applications that I often use. I also use google in doing basic research in times of confusion. As for me, your wisdom about market analysis is also important.

Yes, you are right. Our wisdom helps us analyze market conditions to make decisions that will benefit us or minimize risks. We can use whatever we want but also have to adjust to what we have to stay focused and develop something we can use to continue trading. Indeed this is not easy because, in trading, we want to make profits with makeshift tools so that when we can make a profit, we can start buying things that can give us more support.