Hi everyone. ---READ TIPS BELOW TO GET STARTED TRADING---
I had to express my adoration for the Binance exchange today.
I love the respectable number of coins and ease of trading them.
The charts could use some work but overall they more than get
the job done. Stop loss addition is awesome! Measured
expansion of the exchange, the use of new admissions holds to
reduce degradation while improving service, has been critical to
providing smooth service during high volume times. If you
haven't signed up, here is my referral code( https://www.binance.com/?ref=13298078 ).
Use it or don't, just check out this exchange. If you are a novice
or expert trader you will love the tools and ease of use that
Binance provides.
***TIPS FOR BEGINNERS TO MAKE IT EASY FOR YOU TO TRADE AND INVEST***
-Do not trade in a down market!
- Look at overall market cap on sites like Coin Market Cap or World Coin.
*Only find good coins to invest in during these downturns, like XLM or ADA.
*Patience wins out when the market is down!
-Buy the red, sell the green.
*Never buy the green. Especially after it has just shot up to the moon.
A common mistake for the novice trader is to chase a green candle for
quick profits.Thisisthe fastest way to get into trouble.If a coins price is rising
rapidly, by the time you get your order in, other people have started to take profits.
Now your buy is just filling their sell order on the way back down. I know you will have
to experience this for yourself, but I told you so!!!
-Start with Coinbase if you want super easy but limited coins.
*Easily link your debit/credit card or bank acct with this app to start buying coins.
*After you buy some coins here, you can send them to Binance to trade on a larger open
market.
FINALLY
Think first. Patience is a must when trading. Look at longer candle lengths to get a better
overall view on the coin. Take profits!