How to choose a trading platform

[negociosactuales 58]

On 10/20/2019 at 1:29 PM, chirinemannai said:

It is important to do some research before starting trading. Here are some things to check before making your first trade.

Reputation - The best way to know the reputation of the trading platform is to search through reviews of individual users and sites from the same well-known domain. You can ask any questions you may have in the forums
Fees - Most trading platforms must have fee-related information on their websites. Before you join, make sure you understand the deposit, transaction and withdrawal fees. Fees may vary greatly depending on the platform you are using.

Payment Methods - What are the payment or shipping methods available on the platform? Coins and Bitcoin only? Credit and debit card? Bank ext? PayPal? If there are limited payment options on the exchange, it may not be right for you to use them especially if you want to buy bitcoin for the first time.

Remember that buying cryptocurrencies using a credit card will always require identity verification and comes at an additional price as there is a higher risk of fraud and higher transaction and processing fees. Buying cryptocurrency via wire transfer will take much longer since banks take too long.

Verification Requirements - The vast majority of Bitcoin trading platforms in the world require some kind of identity verification in order to make deposits and withdrawals or increase the withdrawal limit. Some platforms will allow you to stay anonymous. Although verification, which may take up to a few days, may seem like a pain to the user, it protects the exchange from all kinds of fraud and money laundering.
Geographic restrictions - Some functions offered to users can only be accessed from some countries. Make sure that the platform you want to join allows full access to all the tools and functions of the platform in the country where you currently live.For our explanation, we have chosen for you the digital currency trading platforms that support the countries: UAE, Saudi Arabia, Kuwait, Qatar, Oman, Egypt, Algeria, Tunisia, Morocco. While some Arab countries remain excluded from dealing in these platforms and the solution remains the centralized cryptocurrency trading platforms that support all over the world.

Exchange Rate - Different platforms have different rates. You will be amazed at how much you can save if you buy. It is not uncommon for prices to fluctuate by up to 10% and even more so in some cases.

Very good information, it is very well detailed and is very useful for users who start with the trade in order to avoid possible losses and try to achieve good results.

[LuisM 89]

To choose a good platform to start trading you should look for reviews on those platforms and see how good they are talked about so you can go safely, I would recommend Binance or Yobit are good platforms and fast when trading.

[wiliamblacke 157]

As we can choose a good trading platform, for this we must take into account some aspects such as commissions, payment or withdrawal methods, the credibility and reputation of the platform, volume of operation, among other aspects.
 

[Michar1 1693]

It is always good to have some tips from people who already have some Sercan experience to be able to have an idea of how to start, good post, best regards.

Edited November 15, 2020 by Michar1

[sheian0206 76]

A commercial platform is chosen depending on the user's country, after seeing that it is suitable for your country you have to see the withdrawal fees and finally that it has a platform compatible with a cell phone to be aware everywhere.

[Achilles23 48]

You will find a lot of advice and a table comparison on the great brokers, the purpose is to help you get rid of those mistakes, and you can start trading in peace. You can always choose based on the platforms available in your country, or your preferred currency. In any case, you should know that having the right platform is just as important as finding the right broker.

[Danitalk 160]

very true friend, what you say is totally valid since when we choose an exchange to trade we must know everything we can about the exchange as you say its payment methods, its availability of volatility of cryptocurrencies, its reputation which we can look in forums like cryptotalk and its verification form which is very important. Thank you very much to you friend for making this publication that is very useful for many and is to obtain useful and very valuable knowledge for us that we are within the world of cryptocurrencies friend.

[Bernardo Brazon 31]

Thanks for the information, it really is very useful. I choose the trading platform depending on what it offers and how easy it is to operate with cryptocurrencies, Binance and Yobit, for example, have everything I am looking for in an exchange, and that is why I choose these.

[luthfi_2a 110]

As a beginner you want to start reading up on fibonacci and using it on your charts in the bigger picture to find the key levels of support and resistance to find breakouts and to recognise the start of and ongoing trends.

These levels are crucial to have because the market respects them and it is important, you should learn about market psychology and not trade real money until you learn what moves the markets and why.

Learn all of the chart patterns and look at examples on the internet so that you get a good idea on what to find within the interval, you can trade the breakouts and recognise new trends.

Develop a good trading system which should be your whole method.

The logics behind the most profitable trading systems come down to the risk management and money management provided. Let me break it down for you.

A Trading Plan is your personal plan to making money, this is how you conduct YOUR business whilst trading. A Trading Plan is determined through these factors:

Money Management: (The most important factor), Finding your leverage and your risk in every trade aligned to your account and trade size per trade to make sure you are always making money and losing small amounts. (Remember the amount you lose is the ONLY thing you have control of).

Your Trading Strategy; Analysis, Trade Setup, Trade Execution, Trade Target

Trading Journal: This is where you log each trade and the reason for doing so, which time you trade and which currency. Which technique you will use for the Trade Setup and Trade Execution. This must all be logged so that you can further improve on your trading game down the line.

Discipline: Keeping a set of rules for yourself to go by so that you are consistent in all of your work. If you combine all 4 of these elements with the out most total discipline you are guaranteed to succeed. Never quit and always make sure you are managing your funds correctly and that you have a solid trading strategy.

Discipline is also known as trader mentality/psychology. If you are strict enough to stick to your plans you will make it out alive. If you trade to high or trade impulsively you will end up losing money.

[Miguelpc19 55]

On 10/20/2019 at 12:29 PM, chirinemannai said:

It is important to do some research before starting trading. Here are some things to check before making your first trade.

Reputation - The best way to know the reputation of the trading platform is to search through reviews of individual users and sites from the same well-known domain. You can ask any questions you may have in the forums
Fees - Most trading platforms must have fee-related information on their websites. Before you join, make sure you understand the deposit, transaction and withdrawal fees. Fees may vary greatly depending on the platform you are using.

Payment Methods - What are the payment or shipping methods available on the platform? Coins and Bitcoin only? Credit and debit card? Bank ext? PayPal? If there are limited payment options on the exchange, it may not be right for you to use them especially if you want to buy bitcoin for the first time.

Remember that buying cryptocurrencies using a credit card will always require identity verification and comes at an additional price as there is a higher risk of fraud and higher transaction and processing fees. Buying cryptocurrency via wire transfer will take much longer since banks take too long.

Verification Requirements - The vast majority of Bitcoin trading platforms in the world require some kind of identity verification in order to make deposits and withdrawals or increase the withdrawal limit. Some platforms will allow you to stay anonymous. Although verification, which may take up to a few days, may seem like a pain to the user, it protects the exchange from all kinds of fraud and money laundering.
Geographic restrictions - Some functions offered to users can only be accessed from some countries. Make sure that the platform you want to join allows full access to all the tools and functions of the platform in the country where you currently live.For our explanation, we have chosen for you the digital currency trading platforms that support the countries: UAE, Saudi Arabia, Kuwait, Qatar, Oman, Egypt, Algeria, Tunisia, Morocco. While some Arab countries remain excluded from dealing in these platforms and the solution remains the centralized cryptocurrency trading platforms that support all over the world.

Exchange Rate - Different platforms have different rates. You will be amazed at how much you can save if you buy. It is not uncommon for prices to fluctuate by up to 10% and even more so in some cases.

Interesting, very good contribution for those of us who are looking for a company in which we can have the confidence and ease of being able to deposit our money.

[parakazanix 68]

When choosing a exchange, it is beneficial to choose the exchange subject to regulation. I think like this.

[Sailer 1532]

Более удобной платформы чем MT4 и MT5 не встречал за 11 лет трейдинга от любителя до скальп стратегий!  Не ясно почему для выбора ее не все площадки предлагают, не так дорого стоит право использовать ее как престиж для каждой биржи!  

[Eneudis 27]

Personally, I prefer to choose the platform to trade if it has the following benefits: that it can operate with my local currency, that it has a great variety of cryptocurrencies, that it is easy and simple to operate, that it is safe and that its security. I have done the research in forums but the best experience is using the platform.

[Hiroyuki476 54]

Hello,

Yes, various criteria exist for selecting the perfect trading platforms. One of the most salient components of making such a decision lies in volume. You have to ensure that the trading volume will enable you to execute trades quickly. As a rule of thumb, you should always select a trading platform in which the coins' volume exceeds $1 million USD. 

Happy trading,
@hiroyuki476

[titobest 23]

Today there are multiple e-commerce platforms, most of them Open Source (Open Source) such as Magento or Prestashop totally oriented to online stores and easy to adapt to our needs and many others in SaaS mode (Software as a Service), that is to say; We pay for the use of the platform and we forget about the technical part, such as Shopify. How to choose an e-commerce platform will be determined by many factors such as the volume of annual income that we plan to invoice. Annual transaction volume, number of transactions or orders that we plan to invoice annually. Customization needs, that is, specific functionalities of my business that the platforms do not offer and that will need to be developed further. Integration needs, for example with an ERP to manage stock or integration with other management programs or with a CRM for customer management.

[caeb2009 154]

On 10/20/2019 at 1:29 PM, chirinemannai said:

It is important to do some research before starting trading. Here are some things to check before making your first trade.

Reputation - The best way to know the reputation of the trading platform is to search through reviews of individual users and sites from the same well-known domain. You can ask any questions you may have in the forums
Fees - Most trading platforms must have fee-related information on their websites. Before you join, make sure you understand the deposit, transaction and withdrawal fees. Fees may vary greatly depending on the platform you are using.

Payment Methods - What are the payment or shipping methods available on the platform? Coins and Bitcoin only? Credit and debit card? Bank ext? PayPal? If there are limited payment options on the exchange, it may not be right for you to use them especially if you want to buy bitcoin for the first time.

Remember that buying cryptocurrencies using a credit card will always require identity verification and comes at an additional price as there is a higher risk of fraud and higher transaction and processing fees. Buying cryptocurrency via wire transfer will take much longer since banks take too long.

Verification Requirements - The vast majority of Bitcoin trading platforms in the world require some kind of identity verification in order to make deposits and withdrawals or increase the withdrawal limit. Some platforms will allow you to stay anonymous. Although verification, which may take up to a few days, may seem like a pain to the user, it protects the exchange from all kinds of fraud and money laundering.
Geographic restrictions - Some functions offered to users can only be accessed from some countries. Make sure that the platform you want to join allows full access to all the tools and functions of the platform in the country where you currently live.For our explanation, we have chosen for you the digital currency trading platforms that support the countries: UAE, Saudi Arabia, Kuwait, Qatar, Oman, Egypt, Algeria, Tunisia, Morocco. While some Arab countries remain excluded from dealing in these platforms and the solution remains the centralized cryptocurrency trading platforms that support all over the world.

Exchange Rate - Different platforms have different rates. You will be amazed at how much you can save if you buy. It is not uncommon for prices to fluctuate by up to 10% and even more so in some cases.

Good morning, afternoon or evening my friend. thanks very much for this information. i think can be very helpful for start for to trader.

[saradz 2259]

 There are fixed criteria that must be observed before starting a trade:

1. Safety.
2. Transparency and credibility.
3. Liquidity.
4. User experience is one of the most important criteria that we stop at for trading according to my personal opinion.

[gbfisher 1815]

Thanks my dear for creating useful post because selection of good trading platform is necessary for earns healthy profit. In my opinion, for good exchanger first we go to coinmarketcap and coingecko sites and check the liquidity, volume and trusted score of any exchanger. The exchanger which have lowest fee of transactions is beneficial for all trader. And also select those exchanger which have healthy security for trading. All these are the main qualities and step for selection of any trading forum. 

[wassim19 645]

The platform that is being traded on is chosen through many features, the first of which is safety and protection from penetration, and the volume for trading is high and the availability of all pairs and the availability of all characteristics

[veimaralex 83]

To choose a good trading platform you need to research about legal topics in your country and based on this search for the most popular trading sites and select one

[raking 50]

I think we should check out the list of exchanges on coinmarketcap. Choose the top exchanges.

[benalmoh88 1500]

i'm trading on yobit and binance, when i want to trade on other exchange i check the volume of trading pair and trading, withdraw fees.

[Omar Ommeish 4872]

On 10/20/2019 at 9:38 PM, Thekingcallme said:

Platform selection based on features and fees
The offers you make and the percentage of your revenue

There is also an important thing is choosing the platform based on the popularity of this platform and its safety so that your money is not stolen from the platform in one day.

[guatazoo 7150]

When choosing the trading platform, you must take a look at the platform which has high marketcap, and also it mast be ranked among the coinmarketcap listed exchanges.

[larryspacca 39]

go on coinmarketcap and read something about trading platforms, than try some of theme and choose which is your favourite. There are so many, each with its own characteristics. Yobit for example is very easy to use