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Author Topic: What are your suggestions for good trading for me?  (Read 848 times)
TheUltraElite
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Today at 02:58:39 AM
 #101

For new people, avoid automation as of now. Learning trading from the spot markets and once you are confident, you can slowly and gradually move towards automation with minimum test funds. Do not trust any random bot though or else that would be the easiest way to lose all your money or possibly compromise the security of your trading account.
Indeed bots are not supposed to make trades always profitable, they will make the process fast and easier to execute, nobody should buy a bot with hopes that they can make profitable trades than a human can, because its not so.

Most of the trading happening is automated nowadays by groups of people which one individual might find difficult to compete against. But solo trading is also possible, becomes easier if you are doing mid-long term trading with buying points being very low and selling points at all time highs.

The process wont make you rich overnight but can add a decent chunk into your existing stash of coins.

 
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Today at 04:11:53 AM
 #102

Trading seems easy to make money if you're good at it, but if you're not, you'll inevitably incur significant losses. As a beginner, I sometimes experience losses and profits. In this topic, I'd like to hear about your trading experiences, whether you've always lost or not. In your opinion, the best and most consistently profitable trading is in the futures or spot markets. I'd also like to hear your advice on which altcoins to trade in, or whether it's safer to trade in BTC. Everyone's experience is certainly different.
Simply put, if you just want safer trading, try buying coins in the top 20 on CoinMarketCap. The reason is that they have survived various shocks in the trading world over the years. While this doesn't mean there's no risk, it's at least minimal compared to buying coins far below. However, the returns are sometimes lower than those of lower-ranked coins.
Buying the top 20 coins is a good idea but he must analyze one by one to find the coin but most people just buy when the price start moves without analyzing so that make them buying a wrong coin. Experiencing losses and profits is normal but if you can learn from your losses, you will improves your knowledge so that gives you more chances to pick the right coin.

But no safer trading especially if he doesn't have much skills so the first thing he needs to do is learn trading, understand how to analysis and pick the coin. But Bitcoin trading may be safer because he only needs to buy and hold then sell when the price increases and he can rinse and repeat the process and increase his profits.

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