Cryptocurrency Trading

Caramelman7

Caramelman7

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Jun 28, 2022
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I want to try trading crypto and my ideal platform is Binance,since it is has very low transactions fees and is a reliable platform.
I know about analyzing and trading but it takes a long time and the chance of getting positive outcomes according to the analysis is low because of the global factors, for ex: Elon selling his bitcoin made a huge downtrend in bitcoin so like that
I just want to know without analysing and having a basic idea can we trade?
It can't be no because I know few people personally who do this, they enter at a point and close the position real quick and take small profits but it is faster and easier, with this method they literally earn $5-$10 in just 10 minutes...
So yea anyone here trading on binance and information about trading without analyzing ?
 
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Caramelman7 said:
I just want to know without analysing and having a basic idea can we trade?
It can't be no because I know few people personally who do this, they enter at a point and close the position real quick and take small profits but it is faster and easier, with this method they literally earn $5-$10 in just 10 minutes...
So yea anyone here trading on binance and information about trading without analyzing ?
Click to expand...

What you want to do is called scalping. It can work out if you are not greedy and you do money management.
 
TomTheCat said:
What you want to do is called scalping. It can work out if you are not greedy and you do money management.
Click to expand...
ohh do you mind telling me what is scalping?
and nope I'm not greedy because if I entered trading being with greed pretty sure I'm going to lose all of my money thinking I could earn more
 
Elon has sold bis bitcoin again but this time it had no affect
 
Just look at the chart short at the range top with a tight stoploss and long the range bottom with a tight stoploss risk management is the key to success in crypto trading especially
 
Finez said:
Just look at the chart short at the range top with a tight stoploss and long the range bottom with a tight stoploss risk management is the key to success in crypto trading especially
Click to expand...
I didn't quite get it but thanks I'll try to figure this out!
 
Day trading is very difficult. Many will blow up. I'd suggest you start learning TA and risk managment. Then put in a few thousand hours of screen time before playing with real money.
 
Invest in bitcoin and forget for few years. You will surely make profit.
 
Caramelman7 said:
I want to try trading crypto and my ideal platform is Binance,since it is has very low transactions fees and is a reliable platform.
I know about analyzing and trading but it takes a long time and the chance of getting positive outcomes according to the analysis is low because of the global factors, for ex: Elon selling his bitcoin made a huge downtrend in bitcoin so like that
I just want to know without analysing and having a basic idea can we trade?
It can't be no because I know few people personally who do this, they enter at a point and close the position real quick and take small profits but it is faster and easier, with this method they literally earn $5-$10 in just 10 minutes...
So yea anyone here trading on binance and information about trading without analyzing ?
Click to expand...
At the moment I consider Binance one of the best cryptocurrency exchanges, usually there are no problems with transactions, exchange is fast, plus there are discounts Binance from site "Revieweek", you can get code for 20% in exchange review. Recently I also use P2P trading to withdraw into fiat, the rates are always good, at least almost no different from Bestchange. The support team has a lot of different answers to any questions, no help is left without help if something happens.
 
Day trading will always cause loss in long learn. For stable earning invest and let it be there for 5 years.
 
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