Post
Topic
Board Trading Discussion
Re: Best exchange to start trading?
by
SOKO-DEKE
on 30/11/2023, 21:30:06 UTC
Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.

I don't really know how long you have waited for the bull run and you are tired of not being able to wait any longer,and you want to start trading. It is a good idea to always find ways to generate income, but the truth is that trading is risky, especially for those who don't have good knowledge about trading. If you want to trade and you want to be successful, you have to have deep knowledge about trading. In fact, even those who have good knowledge about trading  sometimes also lost funds in trading despite their knowledge. It is not that I am discouraging you, but if you know you don't have good knowledge about trading, don't try it; if you do you will easily lose your money trading. So I will just ask you to keep your patience and continue waiting for the bull run that you can be using this period to learn more about trading.so be successful in cryptocurrency industry someone don't need to be desperate much of making profit if not it will lose everything. 

Quote
I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

I don't know how much you have in your wallet, if not, I will say 200 dollars is a lot to start trading for the first time, especially knowing that you are planning to trade altcoins. If possible, I will like you to reduce the amount and see what happens for the first, and from there, you can start increasing the capital if you see that you are improving.