newbie with newbie questions

[direktor1977]

So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

[Helena Yu]

I'm not a trader, but I have a little knowledge about trading.

1. You can use Binance or Kraken where this both exchanges have a good reputation, low trading fee and low withdrawal fee. P2P or DEX aren't good due to lack of liquidity and lack of pairs, after all a trader must accept to lose his identity.

2. There's no legit signal channel, so you must understand about it. It depend on each trader, someone might say scalping is better, the other one say futures is better than spot trading etc.

[Sim_card]

So, I was wondering how you do trading?

First of all welcome to the forum. I don't trade because I prefer hodling my bitcoin investment for long to make profit. It is better than trading

1. Which exchanges you use and why?

Binance is the biggest exchange and it is mostly used by traders

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

It is better than you learn the fundamental and technical analysis, also the risk management, and this takes a lot of time and much commitment. You can read this post as a newbie for you to decide if you will still go into trading or not.
By 1miau "Trade vs. HODL - avoid traps" as well.



By Ruttoshi  Newbies say No to trading

[mk4]

1. Binance P2P for cashing out to local currency, DEXs(GMX, Uniswap) for trading.

2. Fundamental analysis based on protocol revenue/usage and based on narratives. And no — no scammy signal groups and most definitely no paid groups. Just me, my Twitter account, and me reading documents and metrics.

[Hatchy]

So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

Op, HODL

2.Binance has one of the best and easy to use exchange for newbies just remember to read thier terms and conditions before you start trading with them.

3. Copy trading is not garanteed or reliable stay away from such telegram groups high percentage scammers.

[Nheer]

OP as a newbie trading is very risky for you and i will advise you avoid it for now. If you are asking for crypto exchanges being used then it proves you don’t have any knowledge about cryptocurrency yet so the best thing for to do now is to first acquire crypto knowledge only after then you can think of acquiring knowledge about trading.

I’m not a trader but i have little knowledge on trading, binance is one of the most reliable and most used exchange for trading and I see some users sharing their knowledge with you so already so my advice for you is to hold your bitcoins but if you must, make sure you educate yourself on trading and not just rush into it.

[Popkon6]

So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

According to me you can use Binance Exchange. Here everything depends on the traders not provided by someone's personal or bot.  And the best advantage is lower fees and number of withdrawals than other exchanges
I like spot trading a lot, I don't know how much other people like it. Spot trading has very low probability of loss and trades can be taken as time changes. Many people say that futures trading is popular but the possibility of loss is also high and the profit is high.

[acroman08]

I've purchased Copper membership but cannot post images.

not sure why you decided to ask this here but are you using Imgur to post images? if so, try using this instead TalkImg.com, this image hosting is created by a member and it works on this forum.

also, just a small tutorial, once you upload the image on TalkImg.com, just copy and then paste the BBCODE that is given on your post.

[Woodie]

So, I was wondering how you do trading?

First and foremost,  when you ask about how to trade this is too wide of a question as we have different kinds of trading...but of course the concept is all based on buying low and selling high.

1. Which exchanges you use and why?

I know many users here don't approve of exchanges like Binance,  but for my casual peer2peer trading I use them as it's one of the platforms where you get most crypto users flocking to.

For Chart trading I use metatrader5...

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? what is your method and why?

Thanks for answers.

So from the process described here...it's trading based on charts which I think few actually do  

But personally I do trade charts and no I don't use signals or use telegram paid groups or anything related to this!

You do daily trading, scalping, swing...

Day trading as I don't want to leave trades open and get taken out because of news or some external factors that can catch me off guard by liquidating my position(s).

[shivansps]

So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

You can use Binance which have low withdrawal fee, a good reputation, low trading fee.
You must always remember that there are no signals that will surely bring you income, no matter how good a specialist is, he cannot guarantee a 100 percent successful forecast. It may not be bad to have a channel with good signals, but it's much better to figure out what you're doing yourself. To do this, you need to study the issue a lot, explore, try, gain experience, fall, rise and move on. In principle, everything is like in the rest of life.
Whether it's daily trading, scalping, swing or whatever, it's up to you to decide what's best for you. It depends on many factors. Maybe you have a lot of money and you should just invest and not trade every day. In any case, it is worth trying and choosing

[shivansps]

OP as a newbie trading is very risky for you and i will advise you avoid it for now. If you are asking for crypto exchanges being used then it proves you don’t have any knowledge about cryptocurrency yet so the best thing for to do now is to first acquire crypto knowledge only after then you can think of acquiring knowledge about trading.

I’m not a trader but i have little knowledge on trading, binance is one of the most reliable and most used exchange for trading and I see some users sharing their knowledge with you so already so my advice for you is to hold your bitcoins but if you must, make sure you educate yourself on trading and not just rush into it.

Agree. If a person is interested, then perhaps he has some amount of money, but there is no knowledge and understanding of the processes. This can lead to loss of money. You need to understand at least a little about what you are doing, otherwise it can lead to loss of money.
One of the best advice I've ever heard is take $200 and trade small amounts until you're more experienced. This money will not be so pitiful to lose in case of unsuccessful transactions and you can gain an understanding of the processes

[TrifectaFi]

I've purchased Copper membership but cannot post images.

not sure why you decided to ask this here but are you using Imgur to post images? if so, try using this instead TalkImg.com, this image hosting is created by a member and it works on this forum.

also, just a small tutorial, once you upload the image on TalkImg.com, just copy and then paste the BBCODE that is given on your post.

Much appreciated, thank you 

[jeraldskie11]

2. There's no legit signal channel, so you must understand about it.

There's a legit signal channel but those are not free. However, we still can't guarantee that we are always get profit from their signals, sometimes we experience a couple of loses before we win.The most important is there's a risk management. So even though we experience a couple of loses we still have funds for another trade. It's nothing different with self trading, the only difference is you don't have to spend time to analyze the market.

[Thehallows]

So, I was wondering how you do trading?

Welcome to the forum, fellow newbie! While trading comes with its fair share of risks, it also offers the chance to grab some sweet profits and potentially even live off them (if you're trading to make a living). Now, I don't want you to go down the same rabbit holes I did, so here's my nugget of wisdom: before you leap into trading, find a mentor, arm yourself with knowledge about the ins and outs of trading, and most importantly, embrace patience. Trading is a skill, and skills take time to hone, so no need to rush it.

As for my master plan, I'm all about that buy-and-hold strategy during this bull run – can't wait for the bear to strut its stuff.

Speaking of strategies, I'm a proud scalper. Why, you ask? Well, let's just say that my emotional control isn't exactly as strong as the Hulk's, so I prefer those quick in-and-out trades.

1. Which exchanges you use and why?

And when it comes to exchanges, Binance is my jam. It's user-friendly, the fund withdrawals are smoother than jazz, and they sprinkle in some nifty tips to supercharge your dollar-cost averaging strategy – that's if you're into that sort of thing.

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why??

Now, about signals – trust me, as a fellow newbie, I'd say steer clear of 'em. 🙃 It's better to get your hands dirty, learn the ropes, and find your own groove in the trading world. Wishing you all the luck in your trading adventures! May the crypto odds be ever in your favor! 🚀🌟

[yudi09]

I was wondering how you do trading?

I'm not a trader. I am not interested in trading activity. I'm more interested in investing. My focus is on fixed coins like Bitcoin, Ethereum and BNB. Buy today, save for a long time. So I'm not a trader.
I rarely trade except when I have the intention to do it on certain days, depending on the atmosphere.

Which exchanges you use and why?

tokocrypto.
Because it supports deposits and withdrawals in the form of fiat currency.
Have also used binance. on binance i can see x5 on each coin.

Proces... -snip-

Basically, there is no group that can give us good signals to do in order to get profit, be it on spot, futures and so on.

[savetheFORUM]

So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

I don't trade a lot nowadays since I don't have a lot of time, so I usually just buy and hold when I feel the time is right, mostly Bitcoin but sometimes altcoins as well. However, when I have time, I tend to do some scalping if I see an opportunity, by an opportunity I mean when I find a coin or a token that is going up and down quickly, so I observe it for a little while, check the chart and see how people are buying or selling and make a few trades on it.

Sometimes, you get profit but sometimes you might get some loss, I always make sure that I have my stop-loss set so that if the coin or the token starts dropping all of a sudden, I don't lose a lot of money and the money I used don't get stuck, so the stop-loss gets triggered and the assets are sold with a small loss.

[Litzki1990]

So, I was wondering how you do trading?

1. Which exchanges you use and why?

I always use Binance Exchange because of account security and convenience. As this exchange is much safer than other exchanges, this exchange has many modern features with the help of which various tasks can be easily done without any hassle. As the P2P system is running, virtual currencies can easily be converted into the local currency of one's country from this exchange. 

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?
Thanks for answers.

As you are a new member you may have questions like what kind of signals we use to conduct our trading activities or from where we receive signals for trading. If I share my personal opinion I will tell you that I never rely on other people's signals for trading. Instead of relying on other people's signals, I always try to learn something about trading myself and I conduct my trading activities based on what I know.

[sokani]

So, I was wondering how you do trading?

Get the required skill set, learn the fundamental analysis of trading before starting off. Watch expert videos, read up about the various techniques, test your trading skills using demo account to avoid incurring losses on yourself and when you think you have learnt enough, then you can start trading with real assets.

Which exchanges you use and why?

Binance is still the favourite because it's reputation, trading volume and charges a cheaper trading fee of 4%.

Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay?

I wouldn't advice you to go for signals especially on telegram because there are many fake signals out there and I don't think is a good idea to rely on someone else's opinion and thought. Learn and master everything you need to know yourself and you should be fine.

[Hamza2424]

So, I was wondering how you do trading.

1. Which exchanges do you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

Haha First of all Welcome dear to the forum, Now for your points or I can say questions, A lot of questions might have a few answers so be ready to read Everyone at least don't disappear after asking the questions, You can get engaged with the discussion if you really want to learn and you can have some decent and healthy experienced answers.

Moving onto the questions buddy, No there is nothing to Wonder...

🔵 I use the top-tier volume and rated exchanges if I am going with the Centralized reason simply a wider range of pairs and some recent features, Binance, Kucoin, OKX, COinbase, and Kraken with some area restrictions and some variations in features... Recommended Boiannce and Kucoins one with KYC and Ku coin is absolutely KYC free.

🔵 To Screen coins you should not follow others, Personally, I used to screen coins on the basis of the Descriptive and Fundamental analysis while going to Long trades... Longer time frame and use the technical and Sentimental analysis while going for the shorter time frame. In regular tracking, a few platforms can help you as Coingecko, CoinMarketCAp etc, etc.

🔵 Signals success is dependent on yourself if you really want to use the signals that are the real signals in my view ( here I do not mean by trade type signals with TP and SP), I'm talking about the investment signals as Dips & some other on-chain analysis reports. Coinglass, Glassnode, and Heatmap reviews can help you here.

🔵 The trading time frame really depends on your portfolio or I can say your initial capital.. I used to Hold trade on a longer time frame weekly and monthly and now from few months Daily as well recommended a longer time frame to start trading and understanding the amrket.

[palle11]

I welcome you to the forum. You have asked quite a lot of questions just for a start. As you have been reading comment, more people have suggested you to use binance exchange, so use it because it is easier to understand what is happening in the trading world from there more than any other exchange. My advise to you is to take things easy because trading involves it own risk. Another advise is don't give someone your money in the name of telegram group or trading for you or you to copy trade. So you can search YouTube for some trading videos.