what kind of trading will suit for me? - page 10.

Idrisu

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Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

There is no much different from trading in crypto to crypto or fiat to crypto except you are trying to make a hedge funds trading! I think like I do long time investing is far better than short time trading because of risk and how profitable a long-term trading can be.

N0sferatu

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Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

Actually don't expect to earn such high profits all the time. If you mange to make 3-5% each month it's great.

Since i believe in cryptos i would advise to trade crypto to crypto. If the USD value rises strongly, u might miss some profits when trading instead of just holding.

Findingnemo

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Quote from: richminded on March 25, 2019, 08:14:11 PM

Quote from: Dreamchaser21 on March 25, 2019, 07:48:44 PM

Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

Depends on your knowledge, if you think you can handle the stress of day trading then go for it but if not then go for long term trading. Both stocks and crypto is good but since you stay longer in this market then better to choose crypto trading, this is just my piece of advice.

Great advice, the only one who can answer this is you because you know what you can do and what you can't do. Its hard for us to suggest do day trading not knowing that you don't know much about trading. You have a good capital to start, try to put some of that money to your knowledge and you can use it to attend seminars that can help you improve your trading skills.

I am capable of doing trades and as well the stress handler but which one to go for is my problem now and I already have choosen it will be day trading or very short term trading but now crypto to crypto or crypto to fiat need to be decided.

Malsetid

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Quote from: richminded on March 25, 2019, 08:14:11 PM

Quote from: Dreamchaser21 on March 25, 2019, 07:48:44 PM

Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

Depends on your knowledge, if you think you can handle the stress of day trading then go for it but if not then go for long term trading. Both stocks and crypto is good but since you stay longer in this market then better to choose crypto trading, this is just my piece of advice.

Great advice, the only one who can answer this is you because you know what you can do and what you can't do. Its hard for us to suggest do day trading not knowing that you don't know much about trading. You have a good capital to start, try to put some of that money to your knowledge and you can use it to attend seminars that can help you improve your trading skills.

10 to 20 percent a month is day trading can be a challenge since you're not sure if you're going to end the day in profit. Unless you get several days of good trades. Though it's really the experience that will make better in reading market conditions and movements so if you'e just starting to trade, take it all i first. The losses, the gains, don't focus yet on the outcome of 10 to 20 percent since when you become an experienced trader, it'll come to you.

cryptoblue77

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In the present market situation, the profits you are expecting may or may not be possible every time. If you are a newbie then day-trading wouldn't be suitable for you. Anyway, you can go for short-term trading and it is also important to choose the right coins for your investment.

richminded

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Quote from: Dreamchaser21 on March 25, 2019, 07:48:44 PM

Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

Depends on your knowledge, if you think you can handle the stress of day trading then go for it but if not then go for long term trading. Both stocks and crypto is good but since you stay longer in this market then better to choose crypto trading, this is just my piece of advice.

Great advice, the only one who can answer this is you because you know what you can do and what you can't do. Its hard for us to suggest do day trading not knowing that you don't know much about trading. You have a good capital to start, try to put some of that money to your knowledge and you can use it to attend seminars that can help you improve your trading skills.

Dreamchaser21

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Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

Depends on your knowledge, if you think you can handle the stress of day trading then go for it but if not then go for long term trading. Both stocks and crypto is good but since you stay longer in this market then better to choose crypto trading, this is just my piece of advice.

jhongzjhong

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Quote from: sarul on March 25, 2019, 05:37:08 PM

Quote from: Findingnemo on March 25, 2019, 02:35:17 PM

Why people say it is impossible to make 10% in a months,the price of crypto currencies were atleast moving 3-4% even in this steady market so when someone can hit most of these price fluctuation on day trades then it is highly possible though.

Maybe because they tried it and it was always wrong to choose a cryptocurrency that would bring benefits to him, example lack of examining the condition of the coin product. I would say it's very possible to get 10% in a month, of course it requires effort. It is impossible to just put a bet and just keep looking at him.

It is possible I think if OP knows how to manage it will in trading, OP says he has spare time a day of 16 hours to monitor the market but I know that is not enough to monitor the market. But in this case, it needs pure luck and perfect timing in choosing the right coin he going to trade. Just try it OP, it's better to have an actual than this.

jhonjhon

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Quote from: palle11 on March 25, 2019, 06:05:14 PM

Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well ...

1.Day trading or short term trading?

For your desire to have a quick turn up, your number one question is what you have to adapt. Intraday trading gives more opportunity to go into market as many times your have signal to do so but this also means you have enough time in your hand to be able for monitoring.

However, sure desire you have is tempting because you either take higher risk that you can not bear to lose and also,you are likely to get frustrated when market delays.

This is big thing we should consider before engaging into trading "enough time". It is vital in trading life so that we can closely monitor price movement and to know when exactly to do selling as well as buying. Price fluctuations occurs at anytime and we shouldn't have to loss any single chances and to catch the best price in order to be profitable otherwise, will got nothing and no choice but to wait for another round.

palle11

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Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well ...

1.Day trading or short term trading?

For your desire to have a quick turn up, your number one question is what you have to adapt. Intraday trading gives more opportunity to go into market as many times your have signal to do so but this also means you have enough time in your hand to be able for monitoring.

However, sure desire you have is tempting because you either take higher risk that you can not bear to lose and also,you are likely to get frustrated when market delays.

sarul

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Quote from: Findingnemo on March 25, 2019, 02:35:17 PM

Why people say it is impossible to make 10% in a months,the price of crypto currencies were atleast moving 3-4% even in this steady market so when someone can hit most of these price fluctuation on day trades then it is highly possible though.

Maybe because they tried it and it was always wrong to choose a cryptocurrency that would bring benefits to him, example lack of examining the condition of the coin product. I would say it's very possible to get 10% in a month, of course it requires effort. It is impossible to just put a bet and just keep looking at him.

hipSter

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I'd recommend you not to trade.
Or you need to understand that there is no easy money. You are crazy if you think that 10-20% percents per month is possible.
Stop living in a world of pixies and unicorns.
But if you are that desperate, it doesn't matter what do you trade and in which way. REALLY DOESN'T MATTER.

Tigerw

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Quote from: Upgrade00 on March 25, 2019, 03:05:24 PM

Some people thrive better exchanging currencies quickly in day trading and some work better monitoring the market over a short period of time. You would have to try out both with small capital over a very short period to see which suits you best.
Firstly do you have any previous trading experience? If you are pressed financially cryptocurrency trading is not the best bet for quick cash.

I completely agree with you regarding the attitude of many users of cryptocurrency to the cryptocurrency itself as the main source of income with the ability to earn big money. This possibility still persisted in 2016, yes, it is under certain actions. But today the situation has changed dramatically and many mistakenly hope for quick money. Today, you can quickly only lose all your money, and not earn. By now you need to have not only experience and knowledge, but also really good patience.

Upgrade00

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Some people thrive better exchanging currencies quickly in day trading and some work better monitoring the market over a short period of time. You would have to try out both with small capital over a very short period to see which suits you best.
Firstly do you have any previous trading experience? If you are pressed financially cryptocurrency trading is not the best bet for quick cash.

Lanatsa

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Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

Since you are just starting then $1000 would be sufficient enough or much better go even more lower capital since you are still on practice mode unless if you are
ready to risk that capital then it wont really be an issue.

If you are longing for 20% profits on monthly basis then its even achievable on swing trades but you can do short as well too depending on your preference as long you do
make money on both ways then it shouldnt matter. Crypto/Crypto will be good imho.

Findingnemo

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Quote from: Reid on March 25, 2019, 01:33:30 PM

Quote from: butka on March 25, 2019, 04:12:16 AM

Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.

I always see numbers like these and it makes me wonder:

Did anyone really manage to have a consistent 10-20% monthly profit (month after month)?

And I have serious doubts it is possible. To quickly elaborate:

10% monthly profit cumulatively means about 200% profit a year. You start with 1 BTC and at the end of the year you have 2 BTC
20% monthly profit cumulatively means about 800% profit a year. You start with 1 BTC and at the end of the year you have 8 BTC

These are huge returns that I think even the best traders in the world couldn't make.

Sure people claim they can do it, but somehow I doubt. I think you can make it once, two times, you can even be lucky to make it five or six times, but to have such huge returns on a consistent basis is impossible.

More realistically, you can have a consistent profit of 10-30% a year, but not that amount month after month long term.

Correct. He better take those number down. Assuming too much will just hurt you.
Better to get back to reality.
1-9% will be the ideal one.
Look at the crypto market now. There is not much movement.
Before you could do this even in daily trades but not now. The prices had been consistent and if there is movement it will just be cents if you are always converting to USD.

A better way will be to enlarge your capital in coins. Do not convert. Just trade until you have doubled the coins that you have and then sell them at a perfect time.
You might get that 10 percent or maybe more.

Why people say it is impossible to make 10% in a months,the price of crypto currencies were atleast moving 3-4% even in this steady market so when someone can hit most of these price fluctuation on day trades then it is highly possible though.

Reid

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Quote from: butka on March 25, 2019, 04:12:16 AM

Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.

I always see numbers like these and it makes me wonder:

Did anyone really manage to have a consistent 10-20% monthly profit (month after month)?

And I have serious doubts it is possible. To quickly elaborate:

10% monthly profit cumulatively means about 200% profit a year. You start with 1 BTC and at the end of the year you have 2 BTC
20% monthly profit cumulatively means about 800% profit a year. You start with 1 BTC and at the end of the year you have 8 BTC

These are huge returns that I think even the best traders in the world couldn't make.

Sure people claim they can do it, but somehow I doubt. I think you can make it once, two times, you can even be lucky to make it five or six times, but to have such huge returns on a consistent basis is impossible.

More realistically, you can have a consistent profit of 10-30% a year, but not that amount month after month long term.

Correct. He better take those number down. Assuming too much will just hurt you.
Better to get back to reality.
1-9% will be the ideal one.
Look at the crypto market now. There is not much movement.
Before you could do this even in daily trades but not now. The prices had been consistent and if there is movement it will just be cents if you are always converting to USD.

A better way will be to enlarge your capital in coins. Do not convert. Just trade until you have doubled the coins that you have and then sell them at a perfect time.
You might get that 10 percent or maybe more.

Findingnemo

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Quote from: hugeblack on March 25, 2019, 08:58:24 AM

The price moves up and down and if you are a short-term investor you make a big mistake. You will not get a stable monthly income in this way. "Those who do not lose will not learn to trade."
I suggest you learn to invest in the long term and do not expect to achieve a steady monthly income, even if it is $ 100. The market is very volatile. "Either a great profit or a huge loss or a scared person will lose in the end."

I had invested in long term already,just putting small amount of money into trading now yes it is just now learning phase once learned and familiar with money making from trades then I hope it is still possible.

Another option for me like trading on LBC and lot of traders making good amount of money there so you suggest me to do that?

BlueStackz

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I am sorry to break it to you pal but you will not be making that much money consistently. I mean of course you can do it once or twice and all that but you can't do it forever, if it was possible and people had a way of knowing how to do that all the time believe me there would be plenty of billionaires here.

The best course of action for you is to go out there and try all the methods that is given to you and than test out which one is better suited for you and see if you are happy with the results.

Sometimes you can test short term day trading on a bad day and lose money, sometimes you can test it on a great day and make money, don't let it make you feel like a good day will continue forever neither will the bad day, you will sometimes make money and sometimes lose money, nobody loses forever and nobody wins forever, its always ups and downs.

LimLims

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Quote from: Findingnemo on March 25, 2019, 02:45:01 AM

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

To be honest bro, it doesn't matter what kind of trading you really want to do. What it matters is that how much you make profit and how much loss goes from your pocket.

I would suggest you to do short term trading before investing a big amount in a long term trading. From the small amount understand the market first, see all the coins and their price ups and downs and then invest from your pocket.

In this way you can really make a huge profit and can easily bare losses if you face any in future.

Wish you good luck dude.

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