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Author Topic: New to crypto. WHERE DO U GUYS TRADE??  (Read 352 times)
boyptc
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March 20, 2024, 09:26:16 PM
 #21

Most of the people here you'll see suggesting Binance, Bybit, OKX and some other popular trading platforms. Whichever exchange is comfortable and allowed in your country, you can do some backtesting before deciding to stay there.

Binance is always on a hot pursuit from different locals and countries but as long as it's allowed where you are, then you're fine to test them.

There are platforms that known for copy trading and you might also check some lists on it through google search. If you plan to just copy trade, make sure that you know what trading really is and you have at least basic background of how it works.

If there are other communities here that often mention the exchanges you mentioned, those exchanges are probably good to use in the country where they are located. Of course,
there are other exchanges that are not suitable for their countries, so the other exchange platforms are not mentioned.

For example, here in our country, gate.io, I can't use it to convert the crypto I earned to our fiat. Of course, I will need an exchange that has p2p that will make the transaction to our fiat easy.
Yeah, whatever works for each of us perfectly then we will vouch for them. Despite that many are suggesting others that we don't know, whichever had worked best for us smoothly, we'll not get out of them the soonest.

That's the reason why many similar exchanges are being suggested because the majority of us have good experiences with those exchanges. Whether you're in the spot or the P2P or leverage/margin, then all it takes is to have a smooth experience and good spread.

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goaldigger
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March 20, 2024, 09:35:48 PM
 #22

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!
The best platform in our country is Binance and they also have copy trading so check this now and see if you can trade on the site and enjoy their whole platform as you are still learning. I suggest not to trade that much yet until you finally understand how the trading works since this is not just about the exchange you are using but its about the strategy that you are going to use when you do trading, and its not easy at all.

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March 20, 2024, 09:54:37 PM
 #23

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

My question is, where have you heard of copy trading?
You don't sound like a stranger to the trade so I think you already know a little something about it and where you can try it.

I trade on centralized exchanges and one of them is binance. Of course Binance offers you copy trading and you can try it. Binance is not a new exchange whose reputation you need to doubt, but when you trust them then don't ignore the many risks that may occur. Don't keep your investments there as long as possible, unless you trade.

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March 20, 2024, 11:40:59 PM
 #24

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

My question is, where have you heard of copy trading?
You don't sound like a stranger to the trade so I think you already know a little something about it and where you can try it.

I trade on centralized exchanges and one of them is binance. Of course Binance offers you copy trading and you can try it. Binance is not a new exchange whose reputation you need to doubt, but when you trust them then don't ignore the many risks that may occur. Don't keep your investments there as long as possible, unless you trade.

As suggested by many users here, me as well, I would go for binance as it is reputable among exchanges and the liquidity is great to a lot of alts. But if you go to copy trading, much better to learn the trading from scratch. Because once you get a hold of those trading tips and tricks, you don't need to venture the copy trading route.

But if the OP really wanted to try his hands on copy trading, make sure the trading platform is very reputable like binance. With years of using this exchange, I haven't encountered any issue at all. And your trading orders can easily be executed because of their very good liquidity in almost of their alts. Because alts that are stagnant, binance usually delist them in their trading platform.

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March 21, 2024, 01:28:30 AM
 #25

Binance. I do not know why you are yelling (caps on) but binance has copy trading and the most trustworthy website in the world right now. I mean not website in general, I meant as in trading exchange for crypto with copy trading then yeah Binance is the one that you should be going for without a doubt. I think it's quite important to remember that we can make some money eventually, which means that if we know what we are doing then we will make a good profit with it.

I personally do not suggest copy trading for too long though, sure go ahead and check it out, but try to avoid that eventually, because it will not end up all that well for you if you keep doing it, eventually you will end up with a loss, learn to trade yourself and you will do better.

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March 21, 2024, 08:39:06 AM
 #26

I am trading long time in the Binance and it's most reputed exchange in crypto, So you can try copy trading feature in there. If you want to try other exchanges i can suggest OKX,Crypto.com and Bybit. Other many top exchanges deployed copy trading feature. As a beginner i recommend to you for use small capital.

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March 21, 2024, 08:56:34 AM
 #27

So far, the best one I know is Binance. I think, if you ask for recommendations for the best exchange, most people will say Binance. So, for starters, you can probably create your account there. However, binance requires KYC for its users, if you are really serious about learning, try to create an account and start from there.

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March 21, 2024, 03:04:58 PM
 #28

I’m fairly new to the crypto world.
Welcome fellow bitcoiner, please read about the types of wallets available for users and how to secure them and also how to avoid common scams.

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I’m still trying to learn how to trade.
If no previous experience in speculative trading, I suggest dummy trading, watching tutorials on youtube and online resources but avoid "guru" like people who do nothing but sell you their shitcoins.

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Where do u guys trade?
On exchanges. Ask your local board members (country people) which ones they prefer and then try them out.

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Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!
One of those things that newbies should not attempt to do. Please learn trading yourself and avoid these methods.

R


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March 21, 2024, 03:48:48 PM
 #29

If you want to trade just to learn, you can learn trading using a demo account. As you mentioned in your post that you will only focus on learning trading without taking profit or loss very seriously. If you want to focus only on learning then demo account is definitely better for you. Many new traders start trading with a rough idea of trading through a demo account and have a lot of success when they catch on. If you don't want to trade using a demo account, you can create a main account and deposit some money there to continue learning about trading and you can practice trading with little risk. Hope this process will be very useful for you. Along with trading like this, you will observe the market and try to understand the candles.
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March 21, 2024, 04:46:12 PM
 #30

My personal advice for trading is that you keep learning and learning and learning. Trading is a subject that you cannot master very easily, there are no short cuts. So the first thing you need to do to start trading is to learn and along with that you gradually start trading in small projects as planned. Keep in mind that you may not be profitable by trading at first, don't get discouraged correct your mistakes and move forward. Through this you will become a successful trader after some time.

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March 21, 2024, 06:24:20 PM
 #31

I think if you want to learn trading, don't just use copy trading.  Copy trading will only limit you in learning.  Go to the Coinmarketcap site and look for a good market for your country.  And also select coins that in the top of 20 on the list.  Try looking for references on how to work with trading on YouTube, books or the web and trade on a small scale while practicing what your references say.  I think you should do it for 6 months so you can understand how the market works.  Do it slowly and it will sharpen you even more.  Remember that trading is very risky.  Don't trade with money that supports your life, do it with cold money. Always control your emotions and never be greedy because it will make you lose.
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March 21, 2024, 07:14:37 PM
 #32

There are plenty of exchanges wherein you can trade like Gate.io, Kucoin, Huobi and Bybit. Copy trading is something which is available in most of the exchanges but I would personally suggest you not to indulge into copy trading as you don't only restrict yourself from the learnings but also it involves risk regardless you do your own trading or copy trading hence it's better to learn things on your own. I had recently posted in this section about the trading indicator and got very good insights that indicators are not accurate but rather learning on basics like Bollinger bands, RSI, MACD and RSI will help us.









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March 21, 2024, 11:56:53 PM
 #33

For me, it's Binance and MEXC. Binance is a large market for trading crypto. The volume is significant, so you don't need to worry about the price dropping when selling many tokens. MEXC is a smaller market, but it doesn't require any information or KYC. It also adds many new low-priced tokens to the market every day. I like cheap tokens because they are easier to multiply than top tokens.

 
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March 22, 2024, 01:41:21 AM
 #34

I will always recommend new users to use binance due to a number of reasons. First of all it's very user friendly and  easy to navigate. Using binance is pretty easy and you don't have to struggle very hard like newbies usually do to understand how it works and how you'll manage it.

Binance offers a very good and informative interface. The second reason is that whenever you find any problem then the content on binance is very broad. You can just go to any social media and search for the problem and you'll find the solution. That's not the case in most exchanges.

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March 26, 2024, 09:27:24 AM
 #35


Please note that by copy trading, you are actually limiting yourself from learning how to trade, most especially in regard to Technical analysis and taming your emotions. Emotions play a very big role on how making trading decisions.
From my research, experienced crypto traders don't advice newbie traders to rely on copy trading to improve their skills, they should learn from different social media outlets like YouTube, and have an experienced mentor to guide them in their actual trading. There's no shortcut to mastering trading skills, new traders needs to learn and understand fundamental and technical analysis, then start with demo trading to improve their confidence, before starting actual trading with the amount that they can afford to loose.

R


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Denamen
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March 26, 2024, 01:53:57 PM
 #36

For CEX exchanges, I usually use Binance and Kraken. Sometimes I use Mexc for new tokens. For DEX exchanges, I usually use Pancakeswap because I often find tokens from BSC. Sometimes I use Poocoin for super small tokens obtained from airdrops.

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March 26, 2024, 03:04:16 PM
Merited by Huppercase (2)
 #37

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

You are welcome to the crypto world. However, trading is a high-risk scheme. I think since you are new to trading, you should lean first before you start thinking of trading. Even if you are talking about copy trading, the fundamental knowledge can be useful for you and it will guide you more while you copy trade. There are exchanges like Binance and Bybit that offer copy trading views, but I don't think you will enjoy them without the knowledge of trading. However, while going into trading, I advise you to use the amount you can afford to lose and make sure you learn before you start trading so that you will know where the market is going.


Don't rely on copy trading. You are a newbie, and you are supposed to learn at this moment. There is no other way you can earn if you don't learn, so therefore, the best thing for you now is to learn. You can find someone to be teaching you how to trade, both the technical analysis and other things that you must master before you enter the market of trading. You can also go to YouTube to learn. There are many videos available on YouTube that will help you in your trading journey, but now that you want to rush, you may fail. 

R


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March 26, 2024, 11:41:43 PM
 #38

...I just want to try the copy trade option while I’m still learning. Thank u!

By copying trader's trades automatically, you will never learn how to trade on your own, but at the same time the risk of losing your money is very high. You should understand that one unsuccessful trade is enough and your deposit can be liquidated by the exchange.

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March 27, 2024, 03:53:26 AM
 #39

Don't rely on copy trading. You are a newbie, and you are supposed to learn at this moment. There is no other way you can earn if you don't learn, so therefore, the best thing for you now is to learn. You can find someone to be teaching you how to trade, both the technical analysis and other things that you must master before you enter the market of trading. You can also go to YouTube to learn. There are many videos available on YouTube that will help you in your trading journey, but now that you want to rush, you may fail. 
Yeah, many newbies rely on copy trading because they think that they are newbies and there are pros that can make them profit. However, while it is true that they are newbies, not all pros make money and copy trading isn't a guaranteed way of making money and if you do not learn and just let others decide then you will forever stay as a newbie never learning how to be a pro.

You could take some notice from them and check what pro-traders are doing, that way you will have an understanding, but meanwhile you should keep learning how to be a pro yourself, that way after a few years you will be veteran of the crypto trading world and do not need help from anyone at all. That should be the key figure in what you do.

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March 27, 2024, 08:00:05 AM
 #40

I trade on Bybit, it's a convenient site for me. Recently, I got acquainted with such a direction of copy trading there. At first everything went well and the balance increased, but at one point I lost 90% of my investments like the rest of the trader's subscribers  Sad(it was lucky that it was only $ 250, others had more losses). The trader explained this by the fact that he manually decided to enter and exit transactions, and did not rely on bots that automatically made transactions. Carefully look for a reliable trader, analyze them by studying the statistics. And also set up automatic withdrawal from the subscription to trading copies when the balance is reduced to a certain price! Secure your investments.
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