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RE: Why I recomend 1hour candle charts, if your a new trader..
Coinigy is just a trading platform.. You send your BTC to the exchange you like.. Example: Poloniex or Bittrex .. then you can trade on that exchange using the Poloniex website, or you can set up a personal A.P.I. and enter that into Coinigy, and from then on Coinigy and Poloniex are linked.. So think of Coinigy as your remote control for your account at Poloniex (or which ever exchange you choose)
Thanks for the quick reply! Very much appreciated.
I do understand the concept of coinigy but what I don't quite get is, where to make the very first purchase of a coin (BTC or ETH) and then move it to.... and start trading.
Is Coinbase a good start or should I just purchase some place else?
(I have been watching your videos for almost 2 weeks straight and absolutely believe in your method, thats why I really want to get started)
I haven't made a trade yet and have had that same question. What I am doing right now is getting set up at Kraken because I can deposit USD there and then start trading off other coins. My plan from there is to then take the profit coins and then transfer them to other exchanges like Bittrex that don't take deposits of USD. You could I imagine do it the way you are saying but for me I don't own a single crypto coin yet so I need to deposit some USD and then go from there.
Its best to consider Coinbase an institutional bank rather than an exchange. Your pricing for USD to BTC, ETH, or LTC is pre-determined at a fixed rate that is periodically updated.
Rather than use Coinbase, you will get a better rate if instead you convert USD to BTC via GDAX (the sister exchange to Coinbase) or Kracken if you are a US citizen. In addition these three exchanges can be used within Coinigy.
PS: Coinbase does not have API integration with Coinigy. This is likely because Coinbase does not offer an exchange market, but it's sister site GDAX does.