Topic: How do I become a Crypto day trader? - page 2. (Read 451 times)
In my opinion, the trade in crypto-currencies is no different from the usual trade, ie, everyday. The trader should also monitor asset price changes, monitor economic news using technical analysis or determine future price changes. The psychology of trading has long been familiar to us. But in order to become a trader, you first need to learn skills and then everything will turn out.
What tools are you using to manage your daily trading? Which strategies are working best?
You can always start to invest in the market then from there you can choose on either holding your coins or become a daily trader by monitoring the different charts in the market.
What tools are you using to manage your daily trading? Which strategies are working best?
Well, you asked one of the most complex questions in trading generally. There are a few decisions you should make before entering the market. It concerns the timeframe, expected daily and monthly percent and the strategy you will most likely "synchronize" yourself with. For being really successful (= consistent) in day trading you must think and live with your trading strategy - it is probably the only way to cope with fear and greed in trading.
Crypto trading itself a very risky one due to unpredictable nature of price movements. Day trading in cryptos will take those risks into extreme levels. I do see only very few people who are professionally qualified in trading making it possible with consistent profits. I have suggested most of the friends to do position trading when it comes for crypto trading.
What tools are you using to manage your daily trading? Which strategies are working best?
First thing is to raise capital after raising capital, you can then go for other things. You can then start with learning about technical analysis, but some people don’t learn this, they just jump into trading and find a technical analyst for them to be relying on. There is nothing wrong it, but I think it s much better when you know it yourself and don’t have to rely on people to do it for you, cause sometimes they can do it wrongly, if you know it you can analyze by yourself to see if it’s right. Well, what you need to learn is just technical analysis and how trading works and which exchanger is best for you to start up with. Any other thing is just not so necessary.
if you want to day trader theres no tools for that just only you can do is your knowledge and your skills of instincts. more patient also fucos and start for the low investment because day trade is have a high risk.
using technical analisys help us to determine the best place or level to buy bitcoin or other cryptocurrency.developting our skills and knowledge give us big advantages to survive in crypto world. 
if you want to day trader theres no tools for that just only you can do is your knowledge and your skills of instincts. more patient also fucos and start for the low investment because day trade is have a high risk.
A lot of trades say (and its my experience too) that a strategy is only a small part of success in trading
What tools are you using to manage your daily trading? Which strategies are working best?
Tools you should have is only knowledge, that's it. You should know day trading is difficult than other strategy. Most people will use time frame 4H - Daily - Weeks, MA ( in & out ) & MACD ( read trend ) and leave news behind. Practice direct into real market with real money will give you experience about risk and emotion control. I suggest you use long time frame because market is slow, meaning before decides use strategy see trend first. That's my tools and guide,good luck to you.
I dont have any plans of becoming a trader. It just happened that I was forced to learn it because I need to sell the token coin I got from a longtime ago bounty. Now I use to trade my investments in ETH/USD , ETH/BTC, and BTC/USD. It is fun.
What tools are you using to manage your daily trading? Which strategies are working best?
Agree! Sometime it is very difficult to make profits through day trading because market situation is not accurate every time. Sometimes it is unpredictable how we move to day trading it is based on the knowledge we have it drives us to do day trading.
To become crypto trader i think better you should learn it by join trading cource and follow some education of trading. Before jump in to real account is important to know what should be doing during trading. By join trading cource you will get many knowledge and skill about trading, like technical and fundamental analysis and also the important thing is to know how to make management of money and risk to minimize the risk in trading activity.
You can become a good day trader if you master the trick of choosing good crypto currencies for day trading like NEO some Litecoin and ripple. You should enable your self to know the time in the market is suitable to buy and suitable to let go your portfolio. Also selling when the market is red is a bit difficult but eventually you can manage to get your hands on some money if you are having crypto with low risk and good return.
I dont have any plans of becoming a trader. It just happened that I was forced to learn it because I need to sell the token coin I got from a longtime ago bounty. Now I use to trade my investments in ETH/USD , ETH/BTC, and BTC/USD. It is fun.
What tools are you using to manage your daily trading? Which strategies are working best?
To become crypto trader i think better you should learn it by join trading cource and follow some education of trading. Before jump in to real account is important to know what should be doing during trading. By join trading cource you will get many knowledge and skill about trading, like technical and fundamental analysis and also the important thing is to know how to make management of money and risk to minimize the risk in trading activity.
You can become a good day trader if you master the trick of choosing good crypto currencies for day trading like NEO some Litecoin and ripple. You should enable your self to know the time in the market is suitable to buy and suitable to let go your portfolio. Also selling when the market is red is a bit difficult but eventually you can manage to get your hands on some money if you are having crypto with low risk and good return.
I think you should use your knowledge, learn more and more about crypto market to know how it works, after that you spend 10% your free money to trade, for a long time you will get more experience and you will by tools for you. Good luck to you.
indeed I am here very rarely to do day trading and that's just me doing when I see a big pump. but to do that I never use any tool and just do some research about the coins.
You need to favor your luck if you want to make money from one-day trading because no one has any idea about the decentralized market. Not only that but also You can't imagine what will happen within an hour. So one-day trading is too risky to get involved in this platform.
Luck does not have anything to do with trading, but your knowledge and strategy is actually the only thing that would work out best for anyone. Trading is not gambling and anyone who ends up seeing trading that way are usually the ones that ends up making grave mistakes at the end.Learn as much as you can, find a good strategy for yourself and trade on that, as there is no other better way than that which a lot of people usually do not always understand before embarking on the trade journey. Both learning and deriving a strategy alone will be enough to find big profits from trading. Developing own strategy will be possible only after gaining handsome experience but most people not ready to understand this fact.
Before investing your money savings into cryptocurrency, you have to study and learn about cryptocurrency trading first and trading strategies to enhance your knowledge. Youtube and Google is such a big help. And then I strongly recommend to master your Technical Analysis because it is really a big help here in this cruel cryptocurrency world.
Well we have to have a patience if we really want to become a crypto day trader, not only patience but we have to have at least the courage in taking risk, the knowledge before stepping in trading, and put in mind that not everyday you have profit, but if you have the experience you'll have the advantage!
Before investing your money savings into cryptocurrency, you have to study and learn about cryptocurrency trading first and trading strategies to enhance your knowledge. Youtube and Google is such a big help. And then I strongly recommend to master your Technical Analysis because it is really a big help here in this cruel cryptocurrency world.
to be able to do daily trading you can see a good opportunity to buy bitcoin and must have some capital to help your profits because daily trading is very difficult if for new players.
What tools are you using to manage your daily trading? Which strategies are working best?
Multi tasking is the best thing to do if you want to have more income monthly or daily, i have a day job and after i am out on the office then i am focusing on trading while on my way home, in this way i can have small profits that i can add up to my monthly salary.
What tools are you using to manage your daily trading? Which strategies are working best?
Just a spreadsheet listing all the altcoins that I have bought and how much I bought it.
That way I could see if there are changes already. Not just guessing when and how much I buy it.
It can easily be forgotten once you are holding a lot of them. Better to make a list.
Now after that, you will have to maintain. Monitoring all the prices everyday. It is hard work and 2 of them is being checked like every hour. Sure eats a lot of time. That is why some of the traders tend to make it almost like a job.
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