I think day trading is more suitable for you, as you want to get money in short term
But it’s not easy to find reliable platform
Topic: what kind of trading will suit for me? - page 4. (Read 15676 times)
I think day trading is more suitable for you, as you want to get money in short term
But it’s not easy to find reliable platformI think day trading is more suitable for you, as you want to get money in short term
But it’s not easy to find reliable platform
I think day trading is more suitable for you, as you want to get money in short term
I would recommend short term trading. You have made your decision to start trading crypto to fiat. That is profitable too if you are confident that you can do it better. What about the taxes and all? Have you looked the legal side relating to crypto trading in your country? Since I am from India, there is an RBI regulation not to do crypto fiat transactions. So, I would get my bank account blocked if they found anything suspicious.
You don't have to devote the whole day for it though. That' why we have sell/buy/stop orders available in exchange sites so that we can go well about our day. You just have to have a target both for a buy and a sell order. People with regular jobs can very well do it.
This is the reason it is called day trading. You can do it in your part time, after the job and so on.It is in other words a one day speculation. You invest at a particular price, set a selling price and get it sold once your limit is met. The current volatile market is way too instrumental in making the day trading beneficial so one should really make some extra money despite wasting time after job.
It depends on you brother on how will you do it. For example if you will choose day trading you must have a lot of vacant time to or your work must be in trading only so that you may earn a 10-20% Profit a month or in a week. But if you don't have that much time try to go on crypto trading and that was sure you will get an income also. Your $1000-2000 dollars would be good to start trading activity.
Day trading is really a good suggestion for those who have many vacant time because you can focus on just trading and if you don't have any job you can trade as much as you can. Day trading is a hassle work so better if you will focus on that.
It depends on you brother on how will you do it. For example if you will choose day trading you must have a lot of vacant time to or your work must be in trading only so that you may earn a 10-20% Profit a month or in a week. But if you don't have that much time try to go on crypto trading and that was sure you will get an income also. Your $1000-2000 dollars would be good to start trading activity.
I think short term trading probably once or twice in a week will do the trick for you.
You can even earn above 10% weekly if you are committed and know exactly when to pull out of a trade and buy back.
I think doing both crypto to crypto/Fiat trading is okay.
You can even earn above 10% weekly if you are committed and know exactly when to pull out of a trade and buy back.
I think doing both crypto to crypto/Fiat trading is okay.
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:
That depends on what you have learned and we can not decide for you the type of trader you want to be. It is good you understand that cryptocurrencies to Cryptocoins trading is far more profitable that Cryptocoins to fiat trading but you should understand that bitcoin to fiat trading is good for hangers and you should not invest if you have not decided the type of trade that is good for you. 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.
10-20% per month is a huge profit and you are asking for something huge. To get such a huge profit, you should start with reading more books, start making small transactions to gain experience. 2 - 3 years later you will surely have a great experience to start trading and enjoy with that super quota profit. 
We can't perfectly reach that certain percentage profit if are just in trading and only having a small capital. If we are smart person we can make it and we don't need 2-3 years, reading books and etc..cause we can possibly make it if we are working on it. But as I said, nothing to assured that we will reach into 10% above profits maybe just ranging into 5-10%.
10-20% per month is a huge profit and you are asking for something huge. To get such a huge profit, you should start with reading more books, start making small transactions to gain experience. 2 - 3 years later you will surely have a great experience to start trading and enjoy with that super quota profit.
Good start but the fact is fiat trading through LBC is relatively harder to realize any profit as the volume is leaders with big holders pushing low with same buy/sell spread, my advice is if you are not too found of cashing out in time, give a try in exchanges with strict fund controls, and pair with USD instead, you can get a major pictures of charts and volume with that
For a small amount, you should practice day trading and I think it will be able to help your profits reach the goals you have set.
Every day you should invest and set a profit target of 2%. Please observe more carefully and place a stoploss order.
Every day you should invest and set a profit target of 2%. Please observe more carefully and place a stoploss order.
You don't have to devote the whole day for it though. That' why we have sell/buy/stop orders available in exchange sites so that we can go well about our day. You just have to have a target both for a buy and a sell order. People with regular jobs can very well do it.
Aside this advice you have given which is a very good one that will also work, I think he can also still make use of bot services, there are very reliable that produces bot that can trade many times in a day and get him a very good profit, all he needs to do is just once in a while look at its function to be sure it’s still functioning and he doesn’t have to be setting trade manually.I can understand that it is really not easy to go into trading with other jobs, one cannot just set trade too without using technical analysis and many people don’t even get the chance to study analysis which is why I advise bot is best for someone who is not a full time trader.
Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.Day trading is OK when you have time for it. If you deal with this kind of a business, you must devote every day for trading. It means that you must not have another, permanent job.
You don't have to devote the whole day for it though. That' why we have sell/buy/stop orders available in exchange sites so that we can go well about our day. You just have to have a target both for a buy and a sell order. People with regular jobs can very well do it.
Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.Day trading is OK when you have time for it. If you deal with this kind of a business, you must devote every day for trading. It means that you must not have another, permanent job.
A day trade won't be successful if you don't have a group in telegram to rely on with so many members on it
Are you not saying the same thing as a day trader can't be successful if it does not belong to a telegram group? And my answer is no because there are many independent and competent day traders that are making it by themselves. After all, the guys that are relied upon in the telegram are individuals too.
By exception, except the day trader is someone that has no confidence in him or herself.
resources when it comes to informations which can be used on my trading positions.These things arent really necessary for you to have yet
as a trader you can do anything independently with your own intellect and skills.
Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
If somebody has got experience or have basic flair as well about trading day trading if time permits can bring some extra money to them and help them in spending those extra money on their monthly budgets and will support them monetarily as well.
First of all, before you invest or try to trade your money on any exchanges make sure you know what you are doing. And make sure you do have the right knowledge of trading because trading is not that easy especially if you are just a newbie on that field. You might end up losing or burning most of your money.
Absolutely it’s true that trading is not so easy and especially for the newbie. We need to invest that money which we can afford to lose. Cause we may get lot of profits as well as losses. So before make any investment you need to think about it hundred time. Jump to: