Topic: Can I make passive daily income with trading? - page 3. (Read 3185 times)
I think that any successful trader will not give you any free advice to you. But you can learn knowledges about trading by yourself. Of course it takes more time but it is really work. First of all you should start from learning theory technical analysis through indicators. To get consistently profit from trading we should be also learn to trade in others asset like Gold, Commodities, and Stock because bearish trend of all crypto the same period. Learn more about risk management to get profit in consistently because aim of trading activity is to get profit.
With such a small amount, this is impossible. Passive daily income can only be obtained from the asset that is constantly growing. In your case, the most important thing is a constantly growing asset is absent.
Suppose that you would invest not $100, but $ 50,000 in bitcoin, then you mabe could receive a steady income. But even with such an investment now, in a bear market, you would have to work to earn income or you would have remained without income.
In any case, in the conditions set by you it is impossible to achieve the desired goal.
Suppose that you would invest not $100, but $ 50,000 in bitcoin, then you mabe could receive a steady income. But even with such an investment now, in a bear market, you would have to work to earn income or you would have remained without income.
In any case, in the conditions set by you it is impossible to achieve the desired goal.
Hardly. I actually don't believe in existence of stable incomes in trading sphere because even bots cannot survive well such shaky atmosphere.
I agree perfectly with you. The risk of trading now is huge unless one is a wizard. FUD is everywhere and TA is really not realible like before especially during the bull run. The alternative is to consider investing in a solid project with huge potential.
Hardly. I actually don't believe in existence of stable incomes in trading sphere because even bots cannot survive well such shaky atmosphere.
I agree perfectly with you. The risk of trading now is huge unless one is a wizard. FUD is everywhere and TA is really not realible like before especially during the bull run. The alternative is to consider investing in a solid project with huge potential.
I aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision. I measure my gains/losses in BTC so I aim to only be in the market for up to an hour max - avoid the major barts. I follow the charts of the great guys in this discord: https://discord.gg/BN9P2tk
That would have been possible in the bull season when crypto was experiencing uptrend movement but presently, it's not a good advise because the market is experiencing continuous dip in prices. What you can do is to identify a promising coin and invest for a long time say 2 to 3 years.
Yes I agree to most of the comments here... Trading is a big risk ..wether you have the knowledge or none..it all depends on the demand and the projects marketing .. If youre really want to try...dont invest all of your money..study the coin 1st and the supply and volume ..
Small sums will not make a necessary income. Yes, you can research trading and be involved in it, but here you should take risks or there will no be any effect.Risk shouldn't be a big deal at this stage of Crypto-currency awareness. Virtually every crypto trader is now concious of the Risk factor. We all know we are taking risks with our dealings, and as much as we don't like loosing (nobody does), we are cool like that. Show me that rich business man/woman that is not taking risk and I will tell you his/her riches are not from the bussiness.
One only needs to up his/her risk management techniques.
Actually in my opinion it doesn't matter how much do you have for investing. But in the current situation it is very difficult to earn money every day. But first of all I advice to learn about cryptocurrencies, technologies and teams behind them, methods of technical analysis and etc.
Yeaah, I almost forgot talking about wanting everyday. It might not be everyday, crypro market is crazy these days. So making income per day might be almost difficult, but if you groom yourself very well about Cryptocurrency, a one time hit might cover for a monthly income. That is if the trader has done his/her analysis properly, not neglecting serntimental analysis, and also if the market trend is in his favour.
Yes I agree to most of the comments here... Trading is a big risk ..wether you have the knowledge or none..it all depends on the demand and the projects marketing .. If youre really want to try...dont invest all of your money..study the coin 1st and the supply and volume ..
Small sums will not make a necessary income. Yes, you can research trading and be involved in it, but here you should take risks or there will no be any effect. Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.
Starting with $100 is not a bad idea. I have read stories of people who started with an amount lower than that and they are rocking in millions now. My advice is, Don't just jump at any exchange anyhow, without knowing your way around it. Some exchange requires 2FA for security sake and you cannot send coins out without 2FA. Some exchange are easy to understand though, but you still need to know how to create orders and fulfill orders, also, if you invest on any coin without basic analysis of what the coin stands for. You could run at oss.
Most people are thinking passive income in trading but unfortunately, you need good skills in trading. Trading is not just as simple as you think. you need to get deep knowledge or find a person or group to help you how to master the trading. Actually, trading is very profitable if you have a very good knowledge and skill in trading. Don't forget to read the news and get the latest update of what is happening in the crypto world.
You must work really very hard when you trade. How can be this activity something that is passive? The long-term trading should be better called holding, and it mostly refers to investment, as I think.
Yes I agree to most of the comments here... Trading is a big risk ..wether you have the knowledge or none..it all depends on the demand and the projects marketing .. If youre really want to try...dont invest all of your money..study the coin 1st and the supply and volume ..
Passive income means you're not doing something for it as it will generate income for itself. Just like in investment, whenever you hold your crypto and this crypto will rise drastically, its value will also increase and that increase will be your passive income. As to trading, the same concept is applied like you will make a trade for that very promising crypto and let it grow in your wallet.
I don't understand the meaning of passive daily income with trading. as I know, I can earn income from trading, if I actively trade every day. I don't think there is a passive trade. if you just keep quiet means you don't trade, trading in my opinion is selling and buying activities to earn income. so in trade we are required to always be active in looking at the market situation for profit.
Yes you can make daily income from your investment. Always investing money into those coins which is having highest volume.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
No so sure if Bitcoin is best suited for trading, it is the least volatile of all crypto currencies, often just goes up/down by 1% or less. Trading is quite risky, you want to have a better risk-reward ratio than that in my view. I agree with the volume, that is pivotal.
Hardly. I actually don't believe in existence of stable incomes in trading sphere because even bots cannot survive well such shaky atmosphere.
Yes you can make daily income from your investment. Always investing money into those coins which is having highest volume.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
No so sure if Bitcoin is best suited for trading, it is the least volatile of all crypto currencies, often just goes up/down by 1% or less. Trading is quite risky, you want to have a better risk-reward ratio than that in my view. I agree with the volume, that is pivotal.
Yes you can make daily income from your investment. Always investing money into those coins which is having highest volume.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
It seems to me that if you earn on the difference in the price of Bitcoin precisely today, then there is a huge risk of losing your future income if you sell not at the moment when you need it. For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
Yes you can make daily income from your investment. Always investing money into those coins which is having highest volume.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.
Actually in my opinion it doesn't matter how much do you have for investing. But in the current situation it is very difficult to earn money every day. But first of all I advice to learn about cryptocurrencies, technologies and teams behind them, methods of technical analysis and etc.
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