Topic: Please advise me which coins best for the day trading (Read 24102 times)
You have to choose different coin for day trading, and choose it according to technical analysis. But if you want to do swing trading will be better use technical and also fundamental analysis. In each day always there are some coin with biggest loser and biggest gainer and technical analysis will help to decide which coin should be to buy. Trade only top 100 coin in coinmarketcap is better.
Altcoins are not advisable for day trading, the volatility is not enough to manage the orders on small time frames compared to the Bitcoin. BNB is better for the long term trading, it doesn't fit my trading plans due to the steady growth rate. Day trading is risky, stressful but it becomes an addiction when you stare at the charts for 4-5 hours in a day according to my way of thinking.
Right about that, most altcoins are quite good for short term trading alone as we can even see that majority of the newer ones are more like pump and dump coins, so it would be a big disaster if people use it for trading or rely on them for long term holding, only those altcoins that are at the tops are still quite reliable to be sued for both trading and long term holding which is not all the time.The best coin to trade is still that bitcoin, and when trading bitcoin too because of its volatility, we have to be sure that we are careful about it, that is why I don’t usually encourage people to go on leverage trading with bitcoin because of its volatility, it is better to just stick with spot trading for bitcoin or better still just hold and sell when there is profit.
In fact, I have long decided for myself that daily trading, or in other words, short-term trading carries a very big risk. I also do not use altcoin and other coins for daily trading, because I do not want to risk my assets. But why do you think that Bitcoin is most suitable for day trading?
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
I think for day trading btc is the best option. Cause it's too risk for altcoin in short time trade. And i think XRP is the valuable choice on of you are holding. RVN and ADA also good altcoin but i re-commanded XRP. Day trade really risky but if you want here some alt which i think good for day trade. that is only my opinion- btc, nano, xrp, bnb, lsk, dgb you can try on those coin.
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
I think for day trading btc is the best option. Cause it's too risk for altcoin in short time trade. And i think XRP is the valuable choice on of you are holding. RVN and ADA also good altcoin but i re-commanded XRP. Day trade really risky but if you want here some alt which i think good for day trade. that is only my opinion- btc, nano, xrp, bnb, lsk, dgb you can try on those coin.
I recommend eth. It fluctuates much more in the last weeks. It was going back and forth from $270 - $300 and above. Well, there are a lot of coins out there but the problem is that you are not familiar with them so it's better for you to only stick to the coins that you have an enough idea about the project. The top 20 coin is very active on their volatility too but be careful.
eth may be the main option because ethereum is now popular with traders. now ethereum may not have shown a significant increase but believe me if the ethereum trade will be much safer than any coinThere're a lot of tokens that you can choose, but personally i also prefer eth and btc because they're already well established at the market and have high volume.So guys you can try margin trading. Btw if you just started trading i'd strongly recommend you to use Monfex. It's very convenient for newbie traders and reliable enough.
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
Look at least at top 15 tokens with good volatile mark and definitelly you will find the best one. I would recommend to look at NEO it's my favourite token because of GAS that mining freely and have no fee's on most of the exchanges(for example binance). But also Ethereum not that as a fast trading investing token
In this situation, I would suggest Bitcoin and Ethereum. Both of them are actually trending in price no matter if it goes up or down. As of today, I am considering to trade some of my altcoins for either Bitcoin or Ethereum.
However, I usually buy and sell Bitcoin most of the time, and also arbitraging in various exchanges such as Binance, OKex, KuCoin, Coinbene, LAToken and so on. I usually push more to trade Bitcoin than any other alts right now. It's not because of the predictions that these analysts have (because I'm not a fan of it), but it is because of the belief of this amazing technology and can be massively adopted in the world.
What's more notable is that these financial institutions and big companies are starting to bank on Bitcoin and accept it as a medium of exchange.
However, I usually buy and sell Bitcoin most of the time, and also arbitraging in various exchanges such as Binance, OKex, KuCoin, Coinbene, LAToken and so on. I usually push more to trade Bitcoin than any other alts right now. It's not because of the predictions that these analysts have (because I'm not a fan of it), but it is because of the belief of this amazing technology and can be massively adopted in the world.
What's more notable is that these financial institutions and big companies are starting to bank on Bitcoin and accept it as a medium of exchange.
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
Perhaps, there is something missing. Because Ethereum is the best for day trading and only one of your choice is capable with day trade which is XRP, these two for me has a potential to give profit in your everyday life routine. Because, ADA for me is good for long term holding in my perception.
In fact, it is best to pay attention to those coins that have a high rating on your chosen exchange. This is the way to make the selection of coins for daily trading. If you take for example ethereum, then recently its price can fluctuate every day from 1 to 4% at a minimum. This is also a good option.
I recommend eth. It fluctuates much more in the last weeks. It was going back and forth from $270 - $300 and above. Well, there are a lot of coins out there but the problem is that you are not familiar with them so it's better for you to only stick to the coins that you have an enough idea about the project. The top 20 coin is very active on their volatility too but be careful.
eth may be the main option because ethereum is now popular with traders. now ethereum may not have shown a significant increase but believe me if the ethereum trade will be much safer than any coinEthereum for day trading? In my opinion, this is the worst variant. Better choose altcoins with the higher volatility and those ones that are pretty cheap. Ethereum should be left for holding as finally, this crypto will grow.
Use any coins. The most important thing is that they have large trading volumes. If you want to make a profit during the day, then you need coins that change in price.
In day trading, we need coins with good daily volume so we can sell our coins as soon as we reach our target. We also need coins with a relatively wide range of fluctuations per day or in a short period of time so that we can take advantage of the fluctuations to gain profits. For me, bitcoin is a coin that meets these two criteria.
if in my opinion ETH will continue to increase, it's better that you buy ETH, I see there is an increase there
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
All in your list is great and have potential to give earn, but I advise with you if you are day trading don't focus in one specific coins even the some shitcoin cam from lower place have possible to get up their value, meaning analysts and monitor which coins possible to increase within 24 hours to get profits.
You can trade any coins with large volume. It is also better to choose coins according to the overbought schedule. See what orders more. If the most orders to buy, the price of a coin can rise and vice versa.
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
There are no certain coins on which you can earn all the time. Coins should simply have enough liquidity and volatility. Then you just analyze whether it is worth trading this coin at the moment or not. Don't forget that in order to be successful in trading you need to have certain knowledge. Don't neglect it! 
Open any site that track prices, find informations about daily lowest/highest price, higher the range between daily low and daily high is the best coin for day trading. You can search as much as you wish, but in the end you will not find nothing better than bitcoin. Some days bitcoin price make a swing in some direction for more than 10%, and that`s more than 1000 dollars. You can`t find better coin for day trading! In same time, be careful, even thou it`s the best for making profit, it`s also the most risky kind of trading.
I use all the neat coins but I just say the best thing for everyone is that the bitcoin really does not give it its rate and is really top of all one of the good coins.
I have always had problems with daily trading, because I couldn’t get my bearings in order to catch the right prices to sell or buy a token. Perhaps my problem consists of the fact that I chose the wrong coins. Do you think that the highest-rated coins on the exchange is the best choice for daily trading?
Yes of course that would be recommended to do some trade for day trading, promising coins should must have higher ratings. Bnb is what I should recommend for investment on trading, because it has good and progressive demand with respect to activate market. I knew the market was too difficult to analyze for now, so choose those coins which really could give you profitable returns in the long run.
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