Topic: How to know which coin is more stable for day trading (Read 503 times)
Hmm I don't day trade but I suppose that a volatility is good for trading (more opportunities to profit from), so I didnt get why do you want it...
If you're into day trading, better to look for coins fluctuates sharply. Buy the bottom and then wait for gains before selling. Look for the top 20 coins in the market.
I don't think there is a coin that is very stable at the moment there are lots of coins that have movements that cannot be predicted and you must be able to dare to try to buy a number of coins that are like bitcoin ethereum or litecoin.
We have unpredictable market and yet we are still on the decline trend. It's really hard to find those coins but if you want to be in trading, you better choose among the Top coins in the market. Even though it won't have a stable price but it surely make you profitable and less chances of losing. Current price for top 20 coins are decreasingly a lot. Before doing crypto currency, I understand that there is the way to get the profit whatever market is up or down. What the current situation is price for bitcoin or altcoin are up for a bit only. Then, it is down for too much.
I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.
I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.
The best answer to this question is the answer to the research. Since every recommendation made is not reliable, I am advocating that the best method to be applied is to do research and that preference should be made depending on the results of these studies. In addition, you will have an idea not only for your short-term investments but also for your long-term investments. If we need to talk about the points to be considered while researching, we can list details such as project technology, project team, project usage areas and the transaction volume of the selected crypto money. If I would like to give advice on my own research, I can easily specify options such as Ethereum, NEO, Qtum for daily trading.
If am to say, their is no stable coin in cryptocurrency. Every coin has its ups and downs in price. You can day trade a coin based on its fundamental and volume. Etherum and bitcoin falls into this category
Unless for someone is looking to day trade USDT/USD which to me does not sound reasonable and it is a whole lot not worth it, considering the movement cannot even be substantial to get any serious profit from it. However, day trading a coin should depend on each individual as they will always get to understand the market they are trading, how they are going about it and how they are as well minimizing risk. No trade with a potential profit will end up not having its risk and all this has to fashion out.
Current price for top 20 coins are decreasingly a lot. Before doing crypto currency, I understand that there is the way to get the profit whatever market is up or down. What the current situation is price for bitcoin or altcoin are up for a bit only. Then, it is down for too much.
I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.
Firstly, day trading is not one aspect of trading you want to be tampering with without much experience when the market is bearish as the possibility to see the market move down faster is much more than for it to go up faster which is what makes it different from the bull trend as in this case, it would be the other way round. I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.
I prefer to day trade when the market is in an uptrend, considering that is a whole lot safer. You cannot know if any coin is preferable and good enough for day trading and all you can just do is to know what you are doing and get a coin you feel works with your strategy and you are comfortable with.
Hey bro you should maybe start ready a book on technical analysis and read about forex trading. Look at the news, and create your own stategies ! You don't need bots to start
One thing daytraders absolutely do NOT want is stability in the prices, that would put them out of business. The volatility is where they make money, it's alot harder to make profit during slow times with low volatility.
I wouldn't recommend starting with daytrading, if you don't know what you're doing it will punish you and teach you a lesson real quick. It's alot harder than people think and many of the ex-forex traders have migrated away from it to longer timeframe trading.
I wouldn't recommend starting with daytrading, if you don't know what you're doing it will punish you and teach you a lesson real quick. It's alot harder than people think and many of the ex-forex traders have migrated away from it to longer timeframe trading.
Try trading at USDT, if you always see USDT prices are very stable. The price of USTD is only as stable as $ 1 and decreases if it decreases or rises only slightly. However, if you don't dare to take risks and you trade only in a safe zone, I guess trading cryptocurrency is not for you.
The day traders are never expecting stable crypto because most of the investors are waiting for the unstable situation so this is the right time for crypto investment. Majority of the peoples are expecting every day profit so this time we will choose easily in crypto. But we should choose cheap altcoin because highly competitive coins are unexpected to moving forward and backward so we will pick carefully in good coin.
As for me, the main element of successful day trading is not the most stable coin, but skills and understanding of the market trend. Trading without appropriate knowledge is a risky business. In this case, for some people it’s even better to just hold crypto. But if I would choose the coin for holding it would be bitcoin. In spite of the volatility, it is a leader in terms of popularity and durability in the market.
I think there's no safe coin to trade for day trading, even the strongest coin like btc got a pretty big swing, the coin for day trading depends on the trend, there is no specific coin, the most stable coin I know is usdt, but I don't think the coin is suitable for day trade, for day trade people usually used 1 hour time frame, it is more predictable
Check on coinmarketcap mate if you're planning to make day trading. But i suggest to pick the specific coin which will give you profits , 'cause on this circumstance it's so difficult to trust on a coin especially if the history of coins is not good. So be careful choosing a coin make a technical analysis always to avoid such issues.
first i choose a good coin for daily trading, i also see the volatility and the level of the coin volune to get daily profit, i also always calculate the market tax cost so to choose coins and get profit every day it is not easy,
If you ask me i will suggest to not go for only day trading. BTC value fluctuate alot and with that altcoins move up/down within no time. If BTC move up 5% alt move like 8-10% and same for down trend.
I don't think there is a coin that is very stable at the moment there are lots of coins that have movements that cannot be predicted and you must be able to dare to try to buy a number of coins that are like bitcoin ethereum or litecoin.
All crypto in high fluctuacion except USDT, TUSD and DAI. To make profit from crypto is more important to understanding the price action and the trend of the market. If the trend of the market is down is better stop a while doing trading and wait patiently for bull market because when bear market the probability is very small to get profit and bigger possibility we will loss.
Current price for top 20 coins are decreasingly a lot. Before doing crypto currency, I understand that there is the way to get the profit whatever market is up or down. What the current situation is price for bitcoin or altcoin are up for a bit only. Then, it is down for too much.
I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.
When we do talk about timeframes then it would depend on your time and way of trading because when i do make short i do usually check 5 mins,15mins,1 day TF searching up for good entry using up some technical tools.I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.
Talking about stable then it wont really become stable no matter what and theres no such word about safe when it comes to trading or investing.You should ready or prepare yourself on what would be the possible market conditions ahead since this had always been part of the risk.
I wouldn't try day trading at this bearish times. The risk of losing more than the chances of earning. I wouldn't even move my Bitcoins until I see positive news from reputable sites because moving your Bitcoins from one exchange to another to invest in other coins will cost you transaction fees and other charges.
Have actually slowed down on day trade, I chose good seasons to make the profit, particularly I look at the even the 1minute chart to help determine the lowest timing direction of the market, but in most part of the day, I use trade with 30M and 1Hr chart
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