Best way of trading crypto with other’s money : CryptoCurrency

As a new and coming crypto trader, I’m looking to start trading small amounts of money (<$100) in order to just get my feet wet and learn. That being said, I'd love a service that allows me to do so for as small a fee as possible (read: as free as possible). A $5 transaction fee would be absurd when buying $50 worth of crypto, let's say. Also if anyone has any other suggestions on what apps or services would be best to use when considering portfolio management or watching prices that would be greatly appreciated!

Check out coindominancecharts.com instead of coinmarketcap.

Hold is a strategy that may be the best choice in the long run.

But the frustration of the short and medium term in the world of cryptocurrencies is something that perhaps few can withstand.

I belive that there are a lot of profitable traders in this world.

Any of them can share with us their strategies and knowledge?

Nah but really, you need to study some books. Every trader trades their own way so to share a strategy just won’t work. Learning TA is easy, finding a system that works for you and developing the mental discipline is the hard part and you only get that with practice. Do you want to day trade? Swing trade? Scalp? Position? Do you want to trade momentum? Breakouts? Reversals? There’s too many ‘strategies’ that you will only figure out by practicing.Grab a book and start studying!

For every trade that makes a loss there is the counterparty and the exchange making a profit. So all daytraders are on average losing money.

I would classify it as similar gambling as playing poker. Also there you are on average losing money because the house takes their cut.

> For every trade that makes a loss there is the counterparty and the exchange making a profit. So all daytraders are on average losing money.

Depends on the exchange.

Coinbase offers 0% limit orders.

There are ways to mitigate expenses day-trading to the point that it comes down to whether you have the temperament and if you are backing the right horse. A profitable venture is better than zero-sum, because the investments that gain value sap resources from the investments that are duds.

If the price dips way out just say you are a true HODLer, if the price skyrockets sell and you are a master trader, win/win.

Aren’t you spelling Hold wrong there? If that’s a new term, please enlighten me.

Cool, do it. but do it with demo money until you have had 12 consecutive months of gains.

This isn’t a meme.

12 consecutive months.

Most will win their first couple, and then they think they have the hang of it, and will lose the next 6.

12 consecutive months, and then ask yourself if you really want to gamble with your life savings (the only way you are going to have enough margin to trade correctly, for most people) as a profession. It’s too stressful, and there is too many automated solutions that the average joe can take advantage of to make manual trading way more stressful than any ones day job should be.

Source: trading forex for 2 years.

I’m currently 14 working a part-time job and I saved up around ~2500 dollars to start investing in crytocurrency. After bugging my people for awhile now to get a bank account, I finally have one. I tore through market analysis’s and crypto-news in order to determine what I should invest in. So when it came time to actually put in the money and start investing, I was completely lost. There are probably 100’s of investing platforms to choose from, and while I somewhat know how to read stock charts(from just watching a simple video), I’m completely lost when it comes to actually buying and selling crypto. Something like this confuses me.

If there is a beginner friendly resource on how to start trading in the crypto market or if you have any tips for someone like me it would be greatly appreciated.

Why is everything I read about day trading crypto so negative? Bitcoin seems to fluctuate 1-2% every few hours, using coinbase pro and only using limits, you get charged no fees as a market maker.

I get holding CAN being more profit, but you never know when it will crash and all that profit will vanish..

day trading you keep your risk to 1%..

I just started yesterday with 170$ in bitcoin.

I lost out a bit on profit when the price dropped out of panic, but it almost always spikes back up. I did the calculations, assuming there’s no bull market soon, if I make 3 trades a day, at 1% profit, my investment will go to 400$ worth (I dont care for waiting for a bull run, they always end and people get suprised when they dont get out in time and lose 75%..).

This investment is exponential too…

the next month itd be 1k..

till I’m making enough to live on…

I’m new to trading on Binance, I make some good trades but overall a small loss, anyone got any hints for me?

When you buy a new project, set your buy in level way lower than you think. You’d be surprised how often just waiting for a few days/weeks can yield a lower price, saving you tons over time.

Never use signals, never follow anyone.

Everybody has to develop their own trading style.

Buy low.

Unsure? Hold capital in stable coins.

Use stops and always have profit targets.

Holding BNB also reduces fees.

So i’d also hold some of that.

Hope this helps.

Lol you can’t short on binance so pretty hard to make money on this bear market

Don’t buy until you’re confident the market selloff is over. When it’s over everything will pump.

Im not looking to make much money, I just want to start trading.

I love the idea but I can’t really find where to start.

I have watched some youtube videos, and I want to buy something like Nano since its only like $2, but I don’t know where to do that, or how to know when to sell/buy.

(sorry if I haven’t used the right tags, I’m completely new, if that wasn’t obvious enough)

lol, I suppose the “random people trying to throw their money into crypto” sign is as good as any that a bubble is coming.

You’re going to have to sign up to a few exchanges.

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

It’s harsh but professional traders need people like you to exist in order to make a profit.

One of the most sobering youtube channels for beginning traders is Anton Kreil, an ex- Goldman Sachs vice.

My family has recently come into some money and after significant discussions about cryptocurrencies and the great opportunity to enter the markets right now I have convinced my parents to allocate a portion (approx. $10K) for investment in the crypto space.

I am looking for the easiest way to trade these funds on their behalf, starting with converting from fiat to crypto.

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