I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
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Topic: Crypto for Day Trading - page 2. (Read 222 times)
Don't do day trading unless you have daily job because crypto currency can give the real profits when we hold it in the long term,and trading it in the short term creates such price volatility with the crypto currencies which restrict us from being used as a real form of currency.
Yes daily trading with cryptocurrency can be beneficial too if you know to read the charts, candlesticks and the technical side of the market. It can switch you long investment to quicker and short term quick profits. The market is very volatile so you must think thrice before venturing to daily trading because many also loss on a daily basis with daily trading.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Not at all
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Yes it is, if you can effectively read the candlesticks and that gives you the more chance to do a better TA analyzation. This is a short term trading and i think you don't really need FA for your daily trade. The important thing you should have able to read the candle stick properly. In fact the day trading will be depending on the volatility of the coin itself. 
Day trading is the way to lose your savings. If you do not have much experience in trading, then do not trade introday. Each coin has its own trading strategy and you will be able to understand it only by trials and mistakes.
Reading candlesticks and charts is regular task in daily trading, besides other necessary skills.
I read a tip somewhere: due to this market is relatively small compared to other financial markets, one critical skill is to recognize and follow the trends created by sharks and whales (the manipulators). Maybe some veteran members here can help to share or explain more.
I read a tip somewhere: due to this market is relatively small compared to other financial markets, one critical skill is to recognize and follow the trends created by sharks and whales (the manipulators). Maybe some veteran members here can help to share or explain more.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Cryptocurrency for trading is the right choice for short-term profits. indeed for trading, it will be very beneficial if we have a strategy that is reliable enough to generate substantial profits in the future. therefore it will be much needed for the strategy of generating a greater profit lag. so I often run trading with Cryptocurrency.I've been watching tons of videos on how I can do it right but to no avail. So far I only manage to lose 1/4 of what I initially invested (I only allocated a partial of my money for day trading. I hold a certain amount of Altcoins for long term). I guess mastering day trading requires failure.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Its effective if you are good at reading the charts.That's why many are turning to become a day trader because of the fact that they can make more than their daily living with their day jobs. But this can also be a risky thing and not all the time you can just take profits, loss can also be with along your way.
First of all, most of the time, if you want to master the skills of day trading, you need to spend a lot of time learning systematically.
So most of the time, I'd recommend that you keep the token for a long time.
So most of the time, I'd recommend that you keep the token for a long time.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
Cryptocurrency for trading is the right choice for short-term profits. indeed for trading, it will be very beneficial if we have a strategy that is reliable enough to generate substantial profits in the future. therefore it will be much needed for the strategy of generating a greater profit lag. so I often run trading with Cryptocurrency.
I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?
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