Post
Topic
Board Trading Discussion
Re: What factors do you consider when opening a trade position?
by
2Pizza410000BTC
on 19/11/2024, 14:56:13 UTC
I've seen quite a lot of guides out there that literally sounds like fiction when getting down to the real deal.

Some referencing a long list of "to-dos" and "not to-dos" which are practically impossible. Other shares varieties of market indicators to monitor; mostly not doable too.

There's practically one that intrigues me - "stick to what works for you".

But that's not all. We'll still need to:
1. Choose an exchange with high liquidity.
2. Choose an exchange that is cost-effective in terms of trading fee.

Right now, we've got the likes of Binance, Bitget and Bybit flexing top muscles with competitive fees.

Which do you prefer?
I personally love Binance Exchange and I trade on Binance Exchange. Binance Exchange High Availability and High Volume All in One Exchange Binance Exchange coins are all very well positioned coins. If asked to choose a cost-effective exchange in terms of trading fees, I would definitely choose Binance Exchange, but the other two exchanges, Bybit and Bidgate, are fairly good where fees are seen to be fairly low. But since I have been dealing and trading with Binance Exchange for a long time now I like it very much I have been trading and trading with fun I have not had any problems yet.  I have accounts on other exchanges but I like binance exchange more than other exchanges.