Topic: Can I make passive daily income with trading? - page 7. (Read 3185 times)
I think trade is not easy for small amount if you buy some coin and if market is down you loss your money. So I think you first learn how to trade and how much money is good for trading
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.
How willing are you to potentially lose that $100? Don't trade emotionally, have a good trading strategy in place, tools (if available), have some good money management skills, and it would probably be a good idea to get some practice first. Not sure in the crypto sphere, but some stock and forex platforms have practice accounts. Also, don't be expecting to get rich quick with $100 investment. Good and experienced traders can make a living day trading & swing trading, but they usually have significant investment capital, so even small amounts of change can make a bigger difference (positive or negative). If you want to get your feet wet, and that's not your only $100 you have to pay rent, feed your family, etc, and you're not terribly attached to it, then it might be a good way to practice and get going. I have heard of auto-trading bots, which might be interesting, but be careful and always do your research first.
Hope that helps,
Sincerely,
The Cyberius team.
in my opinion, of course you can do it when you have a lot of capital, but if you don't have very much trading capital, it will make it difficult for you to get income from trading.
IMO, you can make passive income in trading if you're experienced trader that knows every movement of the market and by having at least 2% to 5% is indeed a good sign. But not everyday is our day but still we're sticking in our butt to have this income. If you're planning to quit your job and make full time here, please forget it and just do this as a side job.
One day you make passive income, next day you make passive loss, another day you lost everything. It's better to hold and sell when x3-x5 minimum
You can make income from crypto trading more easy in bull run market and we should be spend times for that, but to consuming less time we can do swing trading. 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 periode. Learn more about risk management to get profit in consistently because aim of trading activity is to get profit in every month.
Do you really think that having only $ 100 you can have a passive daily income? Of course, you can have some minimum income, but it's a trifle.
You can do daily trading, then you will have a chance to increase your coins and earn accordingly. But this method does not suit you, because you want to receive a passive income.
You can buy good coins for a long term trade but it doesn't bring daily income.
I think for trading it cannot be called passive income because you have to try and work every day but it can give you daily income. yeah you're right if you only rely on that small capital for passive income like mining, lending, etc. I think your income will not be too big, unlike trading, of course you will make big profits every day by trading, but it cannot be called passive income You can do daily trading, then you will have a chance to increase your coins and earn accordingly. But this method does not suit you, because you want to receive a passive income.
You can buy good coins for a long term trade but it doesn't bring daily income.
I thought of this too when I was new in trading. I thought can make more money in trading than my 8am to 5pm job but later on I realized that if you want to earn a lot in trading you need to have a big capital too so that you can earn easily. Setting a 3% to 5% profit per day is not bad if you have a big capital to start with.
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.
Yes you can make a passive daily income with trading. But you have to monitor the price in the market. Yes any amount of money can start you to do trading, in trading you have to monitor the prices so that if once the price pumps you will sell it immediately. If you want to have a passive daily income you have to 24/7 on your monitor so that you will sell it right away. You can start earning if you know how to do the trading. You just need to have your time, if you do not have your time then you will not earn a daily income with trading.
If you're gonna work for that actively then I wouldn't call that passive income. The other options also require work as well except for holding and holding is also fool-proof so most would recommend it. However in the crypto markets, the higher the risk, the higher the reward so you can maximize what your initial bankroll can do. I'd personally diversify but for such a small amount, I'd take the risk of getting some day trading action.
I will really like to know if you have any altcoin or token in mind you consider trading recently since basically you are making an absolute good point here and all the lines seems to check
Passive income is when you deposit your money to a place or buy a house and that house pays your investment passively by renting it and doing nothing. Trade is an active income not a passive one, I would suggest before entering into trade go and search some economics stuff.
They may be opinion of the fact that topic its own matters is normally unsuitable. Like person right previously documented, currency trading necessitates a full of life source of income. Likewise, people are not always debating the source of income, there are financial obligations for currency trading. Unaggressive source of income, very, could very well be connected to home.
To my mind, it is not difficult to make the passive income. you can trade daily and you will be able to get some income. if you hold for the long-term you will be able to earn more with time
Interesting results, almost every 2nd person believes trading is the way to go. I. was quite surprised as I don't have a good track record in trading and hear from a lot of other people that they find it equally challenging and hard to make money. Loosing it seems easier
Actually it is really very difficult to to earn through trading on cryptocurrencies market day by day. 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, Elliot's waves and etc. Learn always when you have free time. Do not believe anyone, there are no authoritative opinions in this market. Learn, to rely only on yourself, on your experience and you will get success.
In my opinion most traders in cyrptocurrency tend to be long-term trading, they may have some short-term traders, but for me long-term traders are far more appropriate in this short situation. So with trade you have to be really involved to use it. Passive advantage.
Yes of course, we can make passive daily income with trading because they are still profitable to the investors in these kinds of business and industry at the same time they are doing good.
Yes of course, we can make passive daily income with trading industry because they are doing fine and goods in this fields of business and I can’t see anything threats to not to happen this.
Do you really think that having only $ 100 you can have a passive daily income? Of course, you can have some minimum income, but it's a trifle.
You can do daily trading, then you will have a chance to increase your coins and earn accordingly. But this method does not suit you, because you want to receive a passive income.
You can buy good coins for a long term trade but it doesn't bring daily income.
You can do daily trading, then you will have a chance to increase your coins and earn accordingly. But this method does not suit you, because you want to receive a passive income.
You can buy good coins for a long term trade but it doesn't bring daily income.
Since you are looking for something passive, then holding is the only passive option in your list; everything else needs your active involvement. On the other hand, the highest rewards you can gain are from ICO investing. However, you need to be extra careful with your pick. Speaking of good projects, I've been eyeing one called MenloOne that's going to launch as a decentralized ICO listing marketplace where its CEO mentioned about having solved the various issues most investors fear in ICOs. link to their site and Whitepaper: https://www.menlo.one/
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