Topic: day trading for quick profit - page 5. (Read 2260 times)
That is so. At present, if you bought yesterday, you will get a lot of money thanks to the recovery of the market. But to do this you need to master the technical analysis skills
For trading within a day, you need to have very basic knowledge, which will not immediately get out. To begin with, you will have to go a long way through spending and understanding, and if you are diligent, then maybe success will come to you. Just do not take this business as something easy, which can be learned in one month
Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
It is possible, there are many traders who can easily make money in just hours or even minutes. If you can fully analyze the graph of the coin that you are trading, you can easily now when is the right time to buy and exit in trading.i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
It is indeed possible but you have to be very careful because day trading can result in losses you can't even control. Most of the time the so called "day traders" can't even control losses you see. They just have to let it go.
You have to be able to read the graphs and candles in the charts for day trading to be successful and newbies can't and won't understand. The risk and rewards are so balanced that if you make a mistake you won't like where your capital will go in the blink of an eye.
Day trading is good and can gain quick profit, but I think day trading is for well-experienced traders that have enough knowledge about crypto, cause if I believed that beginner cant gain profit by day trading due of lack of knowledge and its too risky for them to trade, they should research more before entering trading.
Yes, Day trading is very quick profit if you know about trading details so you can start day trading or if you don’t know about cryptocurrency trading you must learn then start trading. Day trading as like very profitable and it also involve high risk so before the start trading must learn about altcoin. Without altcoin knowledge, no one can make a good profit from cryptocurrency market.
Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
It is possible, there are many traders who can easily make money in just hours or even minutes. If you can fully analyze the graph of the coin that you are trading, you can easily now when is the right time to buy and exit in trading. i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
daily trading to make a profit seems like you need excellent skills to be able to know the right time to buy coins and sell coins so you can always get a lot of profits every day when you already have such expertise.
Day trading is the most difficult form of trading and honestly I don’t consider even long term one as some easy job. Predicting the upcoming dip or surge itself gives a tough time.
If you deal with the day trading, you will risk much. Now, the market is not stable, and you will never guess the price of the altcoins. I suppose that the long-term trading will give you more benefits.
$50 a day is a huge profit you have to do it with a huge capital to do it daily ,
And it would be really hard to get profit daily specially in the current market we couldn't really say what coin would go up and how much it would go down.
And it would be really hard to get profit daily specially in the current market we couldn't really say what coin would go up and how much it would go down.
With high capital it always involve a high risk. As per current situation say you had bought at 7k and in next few days it fell below 6k so you are already started to choke up yourself if you have invested huge amount in trading some coins.
Well, if you are day trading I think you are using stop losses? You want to be in and out as fast as possible, and especially if you are trading with huge amount of money. Always use stop losses and there is no need to be afraid. There is no high risk if you are willing to sacrifice only 1.5-2% of your capital. Or maybe even less... you need to know your R:R in order to be successful, money management is the most important thing in day trading IMO
Daytrading is good if you know what you are doing, otherwise you are goign to lose a bunch of money because that is the way that the whole proccess works if you are a new trader
Doing daily trading for quick profits is not easy, because you have to really focus on monitoring price developments, other than that every coin does not increase in price every day, sometimes in a few days a coin decreases drastically and it will be difficult for a traders daily.
Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
In order to make 50$ per day you'll be needing to invest a lot of time watching the charts and making quick decisions whenever the variables of the market change without knowing for sure whether the coin will grow or fall in value after you purchase it .i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
And you really need a huge experience in predicting and speculating what will happen to that specific coin value after making good analysis of it's pattern and the similar coins patterns .. And we shouldn't also forget that you'll need to have an initial amount of money as your investment that maybe a little too high in order to achieve the winning mark that you set up for yourself especially in such kind of "quick trading" ..
To sum up , you'll be investing a lot of time/energy/money for a not so big profit and you might even not make it .. And just focusing on a pair such as BTC USD won't make the deal since you'll have to diversify your investments in order to be safe if some bumping and dumping happens and to cover back your losses no matter what is the crypto that got dipped .
Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
Exactly, we can see that the market is fluctuating in a very unpredictable way, bitcoin prices are constantly decreasing and prices of altcoin also decreased. So I think that at this point you should only trade short-term by day and should trade the plan, the market is bearish in the long run so the bitcoin price may drop at any time, Short-term trading will minimize your risk. i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
if you try to make a profit with your daily trading it seems to require skill that you can help for your trading capital in order to know the right time to buy coin and sell coin.
$50 a day is a huge profit you have to do it with a huge capital to do it daily ,
And it would be really hard to get profit daily specially in the current market we couldn't really say what coin would go up and how much it would go down.
And it would be really hard to get profit daily specially in the current market we couldn't really say what coin would go up and how much it would go down.
With high capital it always involve a high risk. As per current situation say you had bought at 7k and in next few days it fell below 6k so you are already started to choke up yourself if you have invested huge amount in trading some coins.
$50 a day is a huge profit you have to do it with a huge capital to do it daily ,
And it would be really hard to get profit daily specially in the current market we couldn't really say what coin would go up and how much it would go down.
And it would be really hard to get profit daily specially in the current market we couldn't really say what coin would go up and how much it would go down.
Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
In my own opinion, there is no quick profit in cryptocurrency trading unless the market price is increasing strong just like what happened last year, i highly suggest that you should only invest on a coin that you can hold for a very long time.
If you want to profit 50 dollars a day, you must first have a good knowledge of trade. There should be a good idea about the different coins market. And then you can get a quick profit.
Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
It does not matter what time you are trading because the market will pump or dump its prices depending on the season, fud can affect the market price and even good news as well so i do not think that day trading can make quick profits.
The day trading is ideal for me,I am sure of making some cool cash,but the disadvantage of it is;it requires huge capital just to make at least a 50$..
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