Topic: How do I become a Crypto day trader? (Read 451 times)
to be a crypto trader and do daily trading it seems you have to have a very good skill so you can decide yourself when is the right time to buy and sell coin.
There is only one website needed for you to make a good daily trader in today's time and that is coinmarketcap and this gives all the news as well as the financial numbers all in one site which means if you spent time on this site you will get better at it. I have learnt most of my crypto knowledge in start from coinmarketcap. It helped me a lot in gaining knowledge about crypto.
Well this seems so interesting that you are looking forward for something that is helpful for you to earn money thorough this world. Yeah, to look for information is compulsory because if you don’t know what have to do and how you would be doing that, things are always complex in the field. To make them easy, read about them on better platforms and bitcoin forum is one of those. 
Actually if you have to understand all about trading. You should have trading skill and knowledge about it. You have to analyze the market strategy to invest or to trade.
First, you need to be excellent in TA because timing short term trends is quite difficult and for day trading, you need to time hourly trends. Also, if you have any day job, it would be difficult for you to pursue day trading because it needs time and your attention throughout the day. You can't successfully make day trading a part time thing. If you are okay with giving your whole day to trading, then start with learning TA.
I mainly use day-to-day trading for technical analysis, as well as analyze the volume of trading on each currency pair. This is enough to successfully trade.
I think that it is not too diffucult but you need to learn the market basics and gain some experience. To my mind, this is better to trade not the whole day and have some other job as well to be on the safe side
There is only one website needed for you to make a good daily trader in today's time and that is coinmarketcap and this gives all the news as well as the financial numbers all in one site which means if you spent time on this site you will get better at it. I have learnt most of my crypto knowledge in start from coinmarketcap. It helped me a lot in gaining knowledge about crypto.
What tools are you using to manage your daily trading? Which strategies are working best?
Money management, stochastic indicator as well as moving average is all that gives me the best from day trading. However, it is very important to understand that the market can actually be extremely volatile so, it is very important to never make the mistake of thinking you can just keep making shit loads of money without at least learning all that is necessary as that would definitely guide you on the decision you really want to be making in the market and not just some flimsy decisions. 
What tools are you using to manage your daily trading? Which strategies are working best?
There are things that you have to learn to be a day trader. For you to become a day trader, you would be needing a lot of eagerness and patience to learn about it. Skills is what you really need to become successful in in day trading. For you to earn better , you should know the basics of it first.
If you want to be a crypto day trader, first you have to do long-term trading and get experience, as you gain experience then you can day day trading and would be successful.
if u are crypto day trader should pick the coins at the lowest price on that day and pick up the coins and close in single day when the target is reached that is how u make daily profits
Well, before everything you must learn the basics of trading in cryptocurrencies because when you start this field without a good knowledge, then it is certain that you will lose a big proportion of your money. Furthermore, the best start is by reading books related to crypto because they can help to take a shortcut way to understand well this field and they have many useful tips, but you must choose the best books because there are some bad ones in terms of information and tips .
On the other hand, due to the market in a huge decline during this period, so I do not think that day trading is an appropriate choice for the biggest profit. I advise you to trade in a long term, especially for cryptocurrencies who has a large amount of Market cap and a weak price, and of course the best examples of these characteristics are Ripple (XRP), when you buy a large proportion of this currency, then it is certain that you will gain a huge money in a long term (maybe after 6 months or 1 year). Be patient.
On the other hand, due to the market in a huge decline during this period, so I do not think that day trading is an appropriate choice for the biggest profit. I advise you to trade in a long term, especially for cryptocurrencies who has a large amount of Market cap and a weak price, and of course the best examples of these characteristics are Ripple (XRP), when you buy a large proportion of this currency, then it is certain that you will gain a huge money in a long term (maybe after 6 months or 1 year). Be patient.
What tools are you using to manage your daily trading? Which strategies are working best?
Man, you better start trading at low cap; don't even think about trading huge immediately. One more thing, you must expect losses in your first few trades but also keep in mind that what doesn't kill you makes you stronger.
Anyway, I don't use tools; I trade in poloniex.
first, try to acquire some knowledge before trading, i saw a lot of people like you and then they just end up losing a lot of money because of it, so you need to prepare yourself
Usually, I use a Blackfolio smartphone app, and also some telegram bots, for example @ethtokenexplorer bot, to track, what are the diversity and quantity of coins on my wallets.
If you want to crypto day trader you must have a knowledge about cryptocurrency if you don’t have any idea in cryptocurrency trading you can’t make a better result in your day trading. Holding is very easy everybody can do but day trading is very difficult so learn before start day trading otherwise you can lose your money.
I think the first thing to note is the activity of the coin on the market, because it will be decisive for the future, because trading in crypto is high risk.
Trading in crypto is a high risk indeed but that is where knowledge and information comes to play as you cannot do well without those. So many people think they can just be getting lucky from trading, but there is actually more to trading than getting lucky as most of it has to do with making good use of your strategy to increase what you have which most of the time comes with some pretty crazy decisions that one has to make.Trading becomes interesting only if you know what you are doing, otherwise, anyone without it is in for a very bad ride down the route of losing everything.
Simply the target of daily traders are selling their altcoins everyday, no matter how much profit in a day even 1% profit. The strategy in day trading is don't buy altcoin only one coin, and you should be analyzed the market first, seems now like day trading is worse idea if we looking at the market activity.
What tools are you using to manage your daily trading? Which strategies are working best?
You can see that today bitcoin is recovering lightly, so altcoin is also having a very strong recovery, so many altcoin are increasing sharply today, so you can completely trade At this point, you should trade short-term by day and always observe the bitcoin price to be able to handle every possible situation. What tools are you using to manage your daily trading? Which strategies are working best?
Becoming a day trader is easy but there are more risk in that trading as no one know that why a coin start to increase and till how much time it will continue. It will be better that you contact to an expert trader before starting that. If anyone is a well educated and know about the altcoins then he can do some research as fast as possible at the time when the coin start to increase and when come to know the reason then they have to invest according to the situation. Jump to: