If you use crypto currency trading bot. It is good for you will not need to have any knowledge of crypto currency and it will reduce the stress of trading by yourself. But the profit you will make depends on the bot. That is of the bot has good strategy
Crypto currency trading
- Thread starter Nomad
- Start date
I really like your comment to this post. I also believe that cryptocurrency trading is one of the best ways to make money online. I agree that a person can earn millions of dollars out of cryptocurrency trading if he knows how to do it.
Before you can start cryptocurrency trading you need to first of all work towards understanding how to read cryptocurrency charts , they are very important in trading
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One of the most important deciding factors of cryptocurrency prices news so I would advise you to always be on top of the news. You can use trading bots that reflect your strategy but you should always reconfirm it first.
The best thung to do before you start trading in any crypto currency, you should first make a thorough research about the particular crypto coin before finally venturing into it.
Cryptocurrency trading is a very important part of the cryptocurrencies investment process. You should get a very good and seasoned trader to get you up to speed before trading on your own
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- Thread starter
- #27
Binance is a good platform to trade crypto currency. It has P2P trading option and you can choose to trade with the people from your area. If you are selling, you can release your crypto only after payment confirmation.
Crypto currency trading isn't as rosy as some people will make you believe. However, for you to make money in the business you really need to learn technical analysis for you to move forward
Most profit trading bots are not real and fake , before you use anyone make sure you might have done your own very analysis and be sure of your trade
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That is right. I agree with you that first of all understanding the cryptocurrency charts are very important that a trader needs to read. I also suggest that he must understand how to read the candlesticks. If it is green, there are more buyers than sellers.
We also need to be more careful in taking position because most times there could be more green and yet the price still falls greatly ,
You should be careful about going into using or even purchasing any of these cryptocurrency trading bots that are now the oder of the day in resent times. They are begining to flood everywhere. You should not be so quick to believe what they tell you about these bots please. Be careful
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Purchasing trading bots that is from recognized organization or a company is fine , but there are lot of scam bots out there which just scam your money. Do some proper research before purchasing any trading products like the bots which you mentioned.
You are right, I just got one for free and I guess it new so I am watching others using to give their review. I won't bind my Binance app with it rather Haobi.
The only advice that I always give to new people trying to start cryptocurrency trading is this, never invest what you know by yourself that when you put this whole amount of money into cryptocurrency investment and at the end you lost it is going to affect you don't do that.
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Invest in different coins as a newbie and you shouldn't expect big profit as new trader before you trade off, take out greedy and work with low consistently profit , it is better.
Yeah taking others opinion is not a bad option , and some of the scam trading bots collect information from your wallet and try to hack the money , so really need to be careful.
Honestly , we need to be very careful more now that most coins are on recovery mode lots of scam bot will be on red alert to scam innocent people.
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Trading cryptocurrency is what I want to take my time to study. I'll devote time to it when I'm less occupied via my business offline. For now I got no chance, still doing my normal buy to hold stuff.
If it's within you, you should take your time to learn about cryptocurrencies and how to trade it manually first before ever thinking of deploying a bot to do the trading for you
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