I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Yeah that's true but many newbie traders go with what their heart says and expect to make few hundred bucks overnight with day trading. Which is completely nonsense and many keep losing whatever they have while trying to book profit with crypto trading and start blaming for high volatility price of crypto have. 
Topic: Crypto for Day Trading (Read 211 times)
Day trading has its own laws and nuances that you should know. You need to not just wait for the price to go up or down, but in fact it is the daily trading is the most profitable way to earn in the field of crypto-currencies at the moment.
Until now, trading with long positions is the most profitable type of trading cryptocurrency. Just buy in the recession of the market and keep your coins. It will be more profitable than day trading.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Knowledge and experience is necessary if you want to trade day. In addition, day trading tends to take a lot of time so it is tiring. Always reading the charts is the thing to do. 
I'm not even trying to enter this, because I know that I would possibly just lose all my money, because I am newbie
I am hardly persuaded that you need to learn and study many things before you can actually start your trading experience
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
for day trading in crypto I don't think read candlesticks important. in my opinion tat crypto affect by the news, events. And only some cryptocurrentcy with big volume could be use for day trading such as BTC and ETH. And let's use alt/usdt to trade for safe 
Technical analysis is an effective technique in trading. However, fundamental analysis is also important especially in crypto. Apart from reading candlesticks, it is important to keep yourself updated with news.
It's ok to be updated in news but we don't need to always believe in them because sometimes news are the reason why we get panic,well what ever will happen you should know how to keep calm everytime the market are falling down.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
candlestick is only one of the knowledge in trading. Beside that, you must study and learn about crypto movement.
it is very different from stocks trading. To become successful in trading crypto, not only candlestick knowledge, but other knowledge is needed as well.
Technical analysis is an effective technique in trading. However, fundamental analysis is also important especially in crypto. Apart from reading candlesticks, it is important to keep yourself updated with news.
Wow! Thanks so much for your advice and suggestions guys. I guess I'm gonna take the risk if I want to learn more, accompanied with watching and reading about day trading. I have money I'm willing to throw away for the benefit of mastering it, or at least learning how to do it right. Wish me luck!
Japanese candle chart is a very old technique, and candles figure application is very wide, so if you can very good master skills of candle figure, then you can dominate position in day trading.
crypto currencies offer continuous opportunities during the day to market for the investor. Daily trading for investors who know how to read graphics
You are right, to get good results in this business, we have to read the candelstick, market volume trends and the latest volume trend trends. We have to spend a lot of time reading and checking every changing market. Trends will help you get good results.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
There are a number of ways to profit from cryptocurrency, but day trading is most likely the fastest. Day trading involving speculating on the price of currencies, and then buying and selling them within the course of a day to make a profit.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
I read this blog and it very helpful. It really provides a lot of useful information regarding day trading.
see : https://www.investinblockchain.com/how-to-day-trade-cryptocurrency/
Day trading is pretty good enough more making profit in short time.. but careful. you need to know the market. and have enough experience to handle any panic sell. But for long term investment holding is better than day trade.
The crypto currency market is a good place to make money. The main thing is knowledge and experience. But it is worth considering that this market is still too young and unpredictable, so you need to be careful.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
this is a working method if you have already experience in trading. Now it is very dangerous to trade as the market dumps. Now it is better to trade in shorts. Reading candles is one of the main methods of good trading and its really works.
If you have enough time, then of course this can bring a good profit. But before you need to prepare well and gain the necessary skills, since beginners often panic, taking a temporary depreciation for the disaster.
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