Bitcoin Forum

Does anybody knows how I can do daily trading of Btc and still make daily income? Please I need a good response.

All trading has inherent risk. Trading is risky. You will not be able to make passive income. Your best option is to invest long term and expect reasonable returns. It is impossible to predict the markets. Your best bet is to invest your wealth into a well-diversified portfolio and wait for returns. Even then it will take years. There is no good answer to this question.

Study the charts. Make educated and well-though decisions and predictions. Just like trading stocks, trading crypto also has risks, and the only way for you to decrease the risks is to read the charts. A good site for this and other crypto is http://coinmarketcap.com

Don't expect trading to be an easy daily income if you don't know what you're doing.

There is no receipe that you are looking for. Each trader is different, uses different techniques and takes different risk. No one can't guarantee you profit if you will follow certain rules or method. There is always risk to lose so don't invest more than you can afford to lose and you have to explore the market by yourself, gain your own experiences.

In first time to join trading, I recommend you should learning chart, market and some skill before want become day trader (make profit everyday) because it very risky and you can loss anytime, need have more experience to do that ;)

I think you are talking about short term trading which is quite risky and hard to get expertise on. You need to have really huge bankroll to make significant profit with few % rise in price daily. You should be able to read charts and place orders with small price difference. If you are newbie trader, I suggest you to only look for long term trading.

Thanks I appreciate it

Do you really think people will share their hard earned knowledge which they learned by spending months and years so easily with you and me in a forum topic?

Thanks, for asking just want to know basics of trading CFD

You can use trading bots for short term trading and small profit. There are few out there but one of the trusted and working one is Gunbot, search for it and after paying small amount of BTC as licensing fee you can set pre-made strategies or your own in that bot which will trade 24 hour for you.

In trading you can not speculate that you will benefit. Because that determines the success in trading is the accuracy of doing analysis and also how to take action. You will benefit if you can properly make a decision. Do not become a trader when you can not take risks.

You can't always profit everyday by just doing trades on btc and altcoins. At the very least hold the coins you bought in a wallet that you own until you are in a good sum of profit. If you were to trade on altcoins that have a wide spread, you can profit with it daily just sell with profit but I don't guarantee that you will always profit because market can be bearish sometimes or stable.

Trading is a games of skills, knowledge and long time experience. If you want to make daily income from trading you will need to developed your skills to the level were you can trading as an expert or professional. Trading risk management I used is never investment in an altcoin more than 10% of my risk capital in a single trade and it has work for me perfectly.

I am doing investing and trading.

Always split to become 3:
1 part to invest, I could say that I will keep it to a good price (above 50 usd).
Other 1 part to trade, in and out
Other 1 part in BTC just in case a cool ICO coming.

The answer is can't, trading is a very risky thing you can't be sure to make profit every day even the most professional traders also can make mistake and lost, to limit the risk you need to have a lot of experience and keep learning your analysis skill and it will be very helpful if you can join a lot of forum to see the best coin to invest and to trade

Yeah you're correct. The best investment that you can is long term investment buy many different coins today and exchange it in the future. I know you can many profit by doing that.

Daily trading is day trading, it must be a most dangerous way of trading in any highly fluctuating market. I believe trading is not easier one to have daily income unless otherwise you will be having years of experiences with it.

Unless and until you have years of experience as well good time to spend on studying about the market requirement one cannot make a sustained profit from it. The Market fluctuates unexpected and the trader needs to be active as well has the good knowledge, what can be done next. This can be possible only from experience and for few days you may be profited of luck, but this can't be expected for a long time.

please take the 60% of the previous day's profits to trade.

if you lose yesterday, please take 40% of all profits to trade, if you still lose, please exit this game and hold your principal.

Day trading is a way to lose rather than earning. I do not think someone will be able to make money from trading by hearing tips from other people. I mean to say that anyone could get knowledge from their own experiences alone to get ready for making profits and not just by obtaining ideas from others.

Thanks, how to Find A Broker for bitcoin trading ???

Thanks, where i can Study the charts. ???

I also think you can't get some quick advice in a forum how to daytrade profitably. You need to spend lots of time in learning TA, knowing all major market influences and also practice your own trading strategy. Unfortunately it's really hard work and staying in big profit doesn't come overnight. And just getting alerts by others won't help you long term. Good luck!

Try applying normal strategy of swing trading. You can buy at lowest possible possible price and sell at highest possible price. That's the strategy I always apply and it works. I'm just concern about the panic trading which one should avoid as it gives you losses.

Yes, it is a good question how to do trading to earn bitcoins. There are many ways to earn bitcoins. If by trading then work for people. Like Freelancing is the best example of trading to solve their given task and get bitcoins from them. And so many things according to computer world which can be solve though internet.

I was trying to find a part-time, for which Bitcoin is paid. But it turned out to be very difficult. So I decided that it is better to earn trade. But this is not an easy way. This requires experience and knowledge

Not easy to read chart, I learned from youtube and read some articles. So far the chart does not help much. I only know green and red as a sign of buy and sell.
Where do I find explanations about reading charts and other terms?
Hope you can help.

If you are talking about trading with bitcoins only it is hard to earn daily from it and it was very risky becaise it is so volatile .
Daily trading income goes to trading of altcoins. What to do is make research before you invest and learn thats the only secret  to earn daily .

You can seach on google method use skill trading forex and use some indicator from forex to trade coin as MACD, Stock-RSI, Bollinger band, MA, Pivot Point, Fibbonacci, Volume, Ichimoku, Patterns ...

This is new to me, I think forex and altcoin are different.
I still do not understand the terms in the trade you mentioned.

thanks for sharing. I will try it. :)

This is only possible when you are already and experienced or professional trade on which you can able to make profits on such movements of bitcoins price and even those pros do really lose up money that's why trading cant still be assured that you can make money anytime. Anything that involves money do really have certain risk on losing it that's why we should learned up things related to it in able to minimize of losing. Trading does really require time and cant be perfect overnight.

short answer is gain experience.

you need to learn how trading works. learn some technical analysis, it helps a lot but don't rely on it ever. you don't even have to trade to learn, you can watch the market for a while, make speculations write it down and see if your decision was profitable after the day's end.
after a while you start understanding how the market works and can feel confident enough to invest real money and make good profit. but there is a learning curve that you need to get over first. it may take some time but eventually it will be all easier and faster.

Where i can earn how trading works do you have any website ?

Daily trading needs medium time period and only 5% profit from your fund, never hold and use stop loss. There's no guarantee you can make profit every day, but you can try. When mistakes comes up you must try to fix it, never give up. Be patience and discipline is better. Good luck.

I recommend you to read the book "trading in the zone". That should give you good clues on what the right mindset for trading is. After that, I think you should try paper trade, or trade with a very small amount, that you don't mind losing. This way you can put your strategy to test, without the fearing of losing. Some traders probably have a good strategy, but can't accept losses, and end up changing it in the middle of a trade. If you do this, you will never know if your strategy is good or not.

If you go through all this learning process, then you should be closer to become a good trader.

Each business has their risks , but trading is not a big risk , depends in what coin you are going to invest . For example trading is not like gambling , in gambling you can lose all but in trading you are not losing all , just a bit from that ammountn, but when the coin is going down you should keep them for a growing and after sell for profit that is easy
Also i recommend you first time to buy tokens worth 10 - 15 usd and trading with them first time . After you are beingn friendly with trading you can start with big ammounts and big profits
Enjoy :)

Thanks, but how trading works ?? do you have any videos ??

Hate to be the guy that comes out here and says this, but if you're going to be asking a question like this you're probably going to not be the right person for trading. You can only learn so much from people when it comes to trading it such a high risk, volatile market, you're going to have to know a lot of the stuff that you're doing by learning from experience and just seeing how you do-- this may be an expensive process but it's a learning curve that must be acheived.

You can't come here and say oh I don't want to lose money but I want a secure way to make x amount of money every day, or month, or week or whatever it is with that. You're not going to do that, it's just simply not going to work out in the least. You may have a day where you make an insane amount of money and another where you almost lose it sall

Trading is meant to be risky. I don't think anyone here can tell you a sure way of making profit. Even Warren buffet do not make sure profit everytime. Strategy changes according to circumstances. Sometimes there is a huge dump and sometimes there is pump. You got to react accordingly. Everyone has its own way of trading. You should try to learn some terms of trading with a bit googling and then get into trading, first with small amount and learn it yourself.

I would suggest you look into lending coins to margin traders, that way you basically have no risk other than the exchange itself running away with the funds(unlikely if you choose the right exchange to deal with), because the loan is collateralized.

Even if you look at the charts and see distinct patterns, there is still a risk that you cannot ever remove from trading. Risk and reward go hand it hand, more risk, more reward. I suggest you be in bitcoin for the medium or long term, because short term carries much more risk of losing than the long term. for example, buying at the dips in between halvings, whilst selling your coins around 1 year after halving when it tops is a good, essentially risk free trading strategy.

wow got some tips on this thread
i will definitely have a check on those
at first i was excited about trading and i started really well but then i got stock on my altcoins
sometimes you win sometimes you lose
no risk, no gain thats what old traders usually says
being a trader you have to be positive
always think when theres a dump there is definitely a pump
but it does not happen all the time
some when it dumps its dead haha
theres always a risk
all you can do is lower the risk
invest on top coins, make a research before buying...