Crypto to fiat trading is ideal for someone who's looking into a certain percentage of profit monthly.
OP has already decided that this kind of trading would suit him and help the volume out on his country. A very good and reasonable choice for someone who's into crypto thinking about the volume on his country.
I wish you the best Findingnemo!
Topic: what kind of trading will suit for me? - page 2. (Read 15676 times)
Crypto to fiat or crypto to stable coin pair will be better to suit for the people who are still new to the shorter form of crypto trading.Trading on LBC is something different from the crypto exchanges in my opinion because we need to always give better price compared to other advertisements if we want profits and also we need to have good reputation to find more trades but on exchange we can still start straight away.
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?
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If you want a passive income then you can invest in some coin which offers passive income so that you can earn fixed amounts of dividends for holding those coins which would meet your requirements of monthly basis profit. There are a lot of coins which offer dividends so you can find some of those easily. Always thoroughly research about the coin and its background before investing into to keep your funds safe always. 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?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
If you have made your mind to do fiat trading, then you might find profits in it but the profits in crypto trading is possibly higher so you should re-think about your investments and make your mind to invest in some good project.
I think it is necessary to combine both short-term and day trading, because a considerable part of the crypto-currencies can give 20-30% per week and it is not always possible to short in this case
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?
edit:
I think there is no difference between doing day trading or crypto to fiat trade. if I search from your history, you're still new to crypto trading. yeah, so use small capital first, and you can increase your capital if you have already produced a greater possibility of profit, or at least your skills are more better 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?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
have you traded in any platform before this time? If you have traded before it then you could apply your previous trading skill. If you don't have it then you should learn trading first then start trading. Because without trading skill you would lose your whole investment.
You are thinking about why I am saying this without answering your question. Bro, don't mind I think, you don't have good skill about trading. If you have the trading skill then you should know which is suit for your according to your trading experience.
I already have trading experiences in long term which is same as holder but when it comes to short term trading pick the best one based on our skills and preference is a smart choice.I am not a pro trader yet because not having much skills about analyzing the charts and other stuffs but I have the basic skill have to buy for less price and need to sell it for higher price. You are thinking about why I am saying this without answering your question. Bro, don't mind I think, you don't have good skill about trading. If you have the trading skill then you should know which is suit for your according to your trading experience.
have you traded in any platform before this time? If you have traded before it then you could apply your previous trading skill. If you don't have it then you should learn trading first then start trading. Because without trading skill you would lose your whole investment.
You are thinking about why I am saying this without answering your question. Bro, don't mind I think, you don't have good skill about trading. If you have the trading skill then you should know which is suit for your according to your trading experience.
Yep you’re right, and most especially the type of trading he’s opting for is quite risky. If he doesn’t learn it very well he might just end up losing his dollars for nothing. Trading is a difficult thing and I don’t really recommend it for newbies cause they always end up losing their money (if old traders lose their money, then newbies will do worst).You are thinking about why I am saying this without answering your question. Bro, don't mind I think, you don't have good skill about trading. If you have the trading skill then you should know which is suit for your according to your trading experience.
Short term trading wasn’t even something I learnt online, I had my friend teach how to trade and I also got to understand easily, having someone to teach me face to face. He can also do the same thing.
I mean long time treading is batter for you and all. Top rank Currency is always be riskles i mean. If you do trade with top currency and do long trade you qill be benefited.
Long term trading is dull but rewards are safer than day trading. Riskless trading doesn't exist from my experience but lowering the risks can save the dusted trading balance. Swing trading is better than both time related trading style. 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?
I think you should get to learn the both if them and understand how they work before you start. I usually go through Medium in search of meaningful articles to read and learn more about crypto trading. Short term trading is really good and you can make good profit from trading short term, but one thing you should also know is that short term trade carries more risk than long term trade and is difficult for noobs. 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?
So, you will have to learn it before you start. That’s why I said you should read articles about trading before you proceed with it, it is going to help you a lot to understand the differences and know which exchanged is best to use and how to trade coins perfectly. Crypto to crypto is a good choice to go with.
I mean long time treading is batter for you and all. Top rank Currency is always be riskles i mean. If you do trade with top currency and do long trade you qill be benefited.
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?
I think you should get to learn the both if them and understand how they work before you start. I usually go through Medium in search of meaningful articles to read and learn more about crypto trading. Short term trading is really good and you can make good profit from trading short term, but one thing you should also know is that short term trade carries more risk than long term trade and is difficult for noobs. 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?
So, you will have to learn it before you start. That’s why I said you should read articles about trading before you proceed with it, it is going to help you a lot to understand the differences and know which exchanged is best to use and how to trade coins perfectly. Crypto to crypto is a good choice to go with.
If you new on trading, then you should try for day trading. Day trading is risky but not so bad. You will buy a coin with low price, after some hour you should sell it. Just take a small profit. Do not want to get big profit, because day trading is risky. You can start with $100 or something more.
If you don't have much trading experience and are not aware of the fluctuation of price of various coins and don't have a lot of free time then day-trading wouldn't be suitable for you. As you are looking for monthly basis profits then short-term trading would work well for you.
Day trading with free coin will not happen too often you need decent capital to start trading and the make money from it.There is no monthly or weekly based as long as when we decide to cash it out or all the profits will get compounded to the capital and will give more profits then initial.
You have a good start capital for crypto trading pal, 1k$ - 2k$ is a huge amount actually. But I'd like to inform you that there is no passive income here that has a fix amount every monthly. Unless, so my advise to you, try to start with small capital investment first, at least in that way you will feel what your gonna do if you loss or win in the actual trade and day trading will suite for you for having that capital as a starter.
after all, there's nothing wrong if he wants to start with a large initial capital as long as he has the money and is ready for the worst risk, the OP doesn't look like a beginner and in my opinion he has skills in trading
it seems like the OP has got the choice to trade on LBC looking for its reputation there, hopefully it will be a good step for the OP
You have a good start capital for crypto trading pal, 1k$ - 2k$ is a huge amount actually. But I'd like to inform you that there is no passive income here that has a fix amount every monthly. Unless, so my advise to you, try to start with small capital investment first, at least in that way you will feel what your gonna do if you loss or win in the actual trade and day trading will suite for you for having that capital as a starter.
If you don't have much trading experience and are not aware of the fluctuation of price of various coins and don't have a lot of free time then day-trading wouldn't be suitable for you. As you are looking for monthly basis profits then short-term trading would work well for you.
If you ask these questions then don't think you know how to trade and if you don't know what to do then it's very risky to start it and you must know you can lose all that money at once so if its your free money then try to make money but be ready to lose money, so don't upset,if it will happen,good luck.
So people who want to be a crypto trader need to be born as crypto trader itself? Not sure how we can learn something if we didn't try it.
This is something you can find as a result of your experiences. So, after you learn how the strategies work, you can continue by trying them out. And you will see which one is more appropriate.
It is very important to have knowledge about trading because this way we can trade well, I think day trading needs lots of knowledge but long term trading is much better. As in trading there will not same time always rise or fall but it keeps changing so this is the reason why I always suggest traders to stay in touch with the market never leave at panicSo, I'd recommend exchanges like Coinbase, KuCoin, Binance, or Bitfinex. Next thing that matters is your source of information. I make use of Coinmarket in tracking crypto related events.
You forgot to mention long term (hodl) you can divide that money and have a part of it invested as a long term, while rue remaining goes for a short term/daily trade. 10% to 20% uuhmm… everything will depend on you, and whether you know how to trade. If you don't know how to trade crypto yet, then you should learn it. Videos on YouTube can teach you just that. There are also articles to help you online.
So don't do trading when you want start too?If you read the OP then you will get better idea,trading is not long term hold the user only interested on short term or day trading and it looks like he/she already started doing it.
You forgot to mention long term (hodl) you can divide that money and have a part of it invested as a long term, while rue remaining goes for a short term/daily trade. 10% to 20% uuhmm… everything will depend on you, and whether you know how to trade. If you don't know how to trade crypto yet, then you should learn it. Videos on YouTube can teach you just that. There are also articles to help you online.
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