Bitcoin Forum

I want to try daytrading because as I see, just buying something and holding is not profitable anymore. I am not new in crypto, however never tried daytrading.
I plan to begin with a very small amount at first for practice and then increase with time.
Can you please suggest platforms and coins for daytrading? I need a platform which has a good android app to trade from my smartphone.

Many exchanges out there, and It's better to use trading platform that has stop limit or trigger order, this function is very important in trading and we should be use it to minimize the risk,  good trading platform /exchange that has this function is Binance, Bittrex,  Bitmex. All these exchanges has mobile app/ mobile version, and for Bitmex you can make profit by long and short with option margin level.

In my point of view is bitcoin best coin for day trading and best site is probably bitmex.

Day trading is certainly not for everyone. Day trading is a risky strategy, which is why I myself don't even do it with my whole portfolio. If you are successful however, it can unlock great rewards.

It can be seen that trading is the best choice at the present time, bitcoin and altcoin prices are constantly increasing and today is a very good day for you to trade altcoin. You can see that bitcoin prices are recovering very strongly over the past few days and are now reaching $ 6700 and are still rising slightly.

You can trade altcoin without worrying that the bitcoin price will decrease in the coming days.

IF you want to do day trading ,then you can use BITFINEX. It has very good aneroid application ,which are very user friendly. I am using this application.

Second you can use Binance APP, it has more altcoins then Bitfinex.

day trading is good if you have enough knowledge about trading and signal or other wise you will lose your money in day trading.
i do day trading sometimes and binance is really good for day trading right now.

There is a quite strong case against day trading (losing fees, hard to time bottoms and tops, emotions,...). There are alternatives to that like for example professional crypto management funds.

Day trading is better if you have a knowledge in trading. But be careful because  day trading is so risky and dangerous but its your choice to try day trading. I suggested to do a day trading in binance.com goodluck to you and if you're earning profit in day trading just continue it.

For some people day-trading is a lucky thing, but there is a lot of experience required to be successful in day-trading, as luck wouldn't favor your every time. Experienced is the key factor.

my advice day trade is better done on pc or laptop so can more easily analyze using TA
day trade is the most important discipline in the target profit and los, stay calm and patient

Day trading is a full time job, but it can be good to move some of your portfolio around at opportune times. all you need is analyse the market daily.

Day trading is good but risky, just buying and holding is still very profitable but you have to hold a good coin which is harder to pick now.

I only tried bitmex with margin trading..some issues with the servers..but overall it's ok..i made some profits and some losses from trading..Right now I don't trade because it requires a lot of free time to spend on charts, and currently I don't have this free time.

For day trading activity we need high trading volume so we get high liquidity,  and so far I really like to use Binance exchange. They has mobile app which downloaded by a million user. Other second option is gate.io, this exchange also has mobile app,  and listed more coin. Both is trusted and legit exchange with good customer support.

I think it could be so difficult for you to start day trading in your situation, if i were you, you should focus first on researching and studying about short term investment (day trading) before you start on it. Because it really takes so much risk if you are lack of knowledge on it, and it leads you to lose a lot of money instead of earning.

Day trading this is the onlyway now toearn money to supply daily needs at home.I really thank God for given my daughter a half million token to my daughter which givOKng us niw fir our foods.So l think day trading is a very good job for profit.

If you have no proper research at first, trading using long terms can be better in order for us to learn slowly but surely.  We need to adopt the sytem step by step before learning deeper. Because if you gamble or risk yourself trading using day trades, it can be so tough and yet the involved is your personal expenses which doesn't have the assurance to prosper due to lack of experience.

Holding is a very stressing strategy. You may be rich or poor in one day. Trading is good as you can lower the risks but if you're not free then you can't now do anything at the right time

Its the other way around, trading (day trading) is stressful than holding. Imagine a day trader have to go through when he bought a coin and within a day he needs to sell it with profits based on his personal goals, and that can't be done without monitoring the price of the coin so you can decide and sell right away. Compared to holding (long term or even short term), lets not look further, just check how much BTC is 2 years ago and compare to the price today.

If you're new in trading I suggest you to trade in binance cause their trading environment is not complicated than other different exchanges platforms, but I think day trading is not easy cause if you want to learn day trading you should be a full time trader cause you must check your coins every time,

If you do not have a lot of money, then day trading turns into scalping. Scalping can make good money, but it's hard work for which you have to spend a lot of time.

I've been able to trade every day, if we trade every day we can know our profit in one day, I will trade every day even though I will incur losses.

It is still profitable to be a holder once you bought a coin that is near the bottom or at the bottom. People are impatient that is why they hate to be a long-term trader.

Master Technical Analysis and Stop loss,
don't rely on candlestick reading and plotting
support and resistance is very crucial
Good luck!

Maybe what has made long term trading not profitable for you is the fact that you really do not have enough understanding of how to trade and you should be concentrating more on that instead, because if you think less of that understanding with daytrading is going to come with an advantage, you really want to be thinking twice as it exposes you to more risk of losing even more.

Day trading is not an easy task and it is even quite risky than when considering short or long term trading. So I guess you really want to be sure of the decision you want to make.

Day trading is fun, profitable and hardwork at the same time,
You must first evaluate yourself if you have what it takes to
be a day trader, for example, knowledge regarding analysis,
time (6 hrs mostly), and the capital.

If you want to daytrade, go with MTC. You will thank me later. That coin is making some good moves and people are using it to make some good money. However do your own research before investing as there is no guarantees in trading.

There is a technique I have come to love that gives a clear intepretation of the market.... it is Naked FX Strategy. I suggest you check it out on Google and YouTube and am sure your trading skills will improve tremendously.

day trading always involves some high risk ,
however , i find it also the most profitable way , but it takes a lot of your time ,
a lot of efforts and energies needs to be involved here .
here's a quick video from one of our previous crypto trading conferences
https://dmfx-financials.com/blog/2018/07/06/get-started-with-cryptocurrency-trading/

hope it helps

the only thing that I wanna warn you before you would go training, try to not follow your greed because it is often like that when you are having some success you will go further and lose.

The trading day is very profitable if you know technical analysis. However, it takes a lot of time to monitor the market. If you have a tool for day trading, it's a lot better.

In my own opinion day trading is so risky and dangerous so be careful. You said that you're not newbie in trading so I think you're ready to do a day trading and have a more knowledge in trading. The trading is so profitable if you know how to use it and don't be greedy in profit.

when prices are falling and the market is bad daily trading is very precise but when the market is stable long-term investment is very precise.

Follow the  market.. Which coin   fall daily 5-10% & again up you should buy them for profit  

To have good and stable results in the "day trading" you must adhere to the trading strategy of "scalping." It is necessary to do many transactions in one day. For day trading it is necessary to have a great trading experience and good knowledge and understanding of the market.

It is a stressful work, in 4hours of day trading you will always speculate to what would be the price in the next minute.
holding is still the best choice.
10-15 % of uptrend is the time, good to sell.
However,  trust/faith is a big factor when it comes to day trade. 

i think this time is not day trading but the market is bull run active, alt is low volume

I think day trading is very beneficial.but sometime is dodgy.if you choose day trading i think you want to learn day trading.so i inference you really want to be assured of the decision you want to make.

for daily trading I think you need a large market with a lot of volume because there will be a price going up and down you should be able to take advantage of the situation to get profit. I think some big markets you can try like binance, bitrex, bitfinex and others there are lots of good cheap coins to play daily trades

Actually that is a great idea. Yes day trading is very risky and profitable too. But your not a newbie here. I hope you will invest in the right way. So i am just using binance platform. Because this is really safe and secured and mobile application is user friendly

I think there are many exchange platforms that you can enter, hitbtc, poloniex, bittrex, etc. with a small capital of course that is suitable for trading is a coin with a low price, so that the coins earned more. such as dogecoin, nxt, stq, etc. This allows you to earn more profit if you sell it at the right time.

yes many exchange platforms are available for we can choose and use them as day trading , that is Hitbtc poloniex bittrex and Binance, and there is also altcoin for you to buy, and you can choose one to trade your day, even though I am a newcomer here but I often read and read and do research on this forum, for what coin you have to buy, it depends on your own.

platform for daytrading and good for smartphone i will suggest Poloniex, they have high volume daily trading activity and they support mobile browser. i heard they have their own app too. and the coins is old coins that already listed on long time

You are right, poloniex and binance are one of the trusted exchange right now that can do day trading, so better to use them both so you can personally compare their differences, day trading is a good opportunity for those who are risk taker, and if I just have ample time, I would also love to do day trading, as I know it is a big help for most people.

Day trading is very profitable depending on the person if what kind of coin he is using, investing or selling your coins in the right time will really make you rich in this industry.

It maybe or maybe not. Just because bitcoin added $1000 in value doesn't mean the bull run has kicked off. The volumes aren't even encouraging enough so It's safe to say day trading might still be a good thing. Considering most people are shorting alts for BTC. Because I'm sure of one thing, If there's a bull run, It'll surely run into alts. So he stands a better chance.

Ethereum might be your best choice for now. 2 digits to 3 digits of USD fluctuatiom happens here in just weeks. If you want daily profit then it could happen also as long as you know where and when it will stop.

Right now it is playing at 500 USD which already did a 50 USD change.
That is day trade. You buy more Ethereum you gain more of that USD. But be careful on how you are doing it. Do not let emotions take over. If you are a trader then always have that mind set of profit and only that. Dont get too attached.

There are lots of platforms to begin with just like Poloniex and Bittrex, even Bitfinex. But why take chances with your money when you can simply go and learn it? You shouldn’t be doing practice when you haven’t learnt anything, you practice what you learn and not what you never learn. So search for a way to learn day trading before you jump into it or have patience and continue with Hodling.

starting with a small amount is a good idea, you can do papertrading at first, for example at tradingview for free :) Never tried trading fomr my smartphone though.

In the times of futures trading, bitcoin price is being highly manipulated by whales in short term. Day trading is indeed profitable in cryptos given to volatility level, but isn't as easy as hodling. You need to be quick in your decisions and understand the key chart concepts. Day trading can consume your whole day. time is everything in day trades. So, if you don't have any job, you can go for day trade.

you can good profit from day trading but it's also risky and requires a lot of free time to spend on charts if you have not expert in trading then i will advise you hold some good coins for long time you will be get decent profit from its

people day day trading is quite a risk, but what's wrong with trying and running it ,, i suggest big market and big volumes like hitbtc, poloniex bitrex binance and others, and you can start with wide coin like bt ltc doge eth trx and other ,, you must be ready to win and lose because it is your choice ,, good luck

Day trading is a very hard job because you have to chase the market movements and if you just do a small mistake for sure you will incur big losses. The market is being manipulated in terms of price movements and if you are a good trader, good profit are waiting for you.

I agree it is difficult to start.
As far as I understood from reading about trading, technical analysis is not working with the crypto market, so I can't figure out what knowledge I need for prediction of short-term price movements, it looks more like a gamble.

I think you are doing something wrong in your investment,you need to buy something which have good potential and just hold it will give more profits in the future,not all coins going to make you reaps.But day trading is not a way to earn in long term if you calculate the profits it is pretty much same as hold but the effort is different.But if you still wish to go for trading find the coin which is suitable for you and then pick the exchange where it has best price.

If you are asking a platform or a mobile app where you can do daytrading, I suggest binance because in my experience they got a good android app. Now if you are asking for coins that you can daytrade, all of them can be. If one person knows what COIN is it then he/she must be rich by now. You can daytrade all of the coins in an exchange but you don't know when you will take profit because nobody knows the move of each coin. One more, daytrading is very stressful and risky base on my experience so I stopped it and I often hold my coins and I am not selling my coins at a loss.

i day trading enter 2017 December , daily profit is 10% now is not day trading all coin are hold

Keep in mind that day trading is not profitable as it sounds, you may think that in a day you could make a good profit but that does not always happen because the market does not move as you wanted to, besides you need to keep in mind that you have to pay exchanging fees and transaction fees every time you make a trade, so a day worth of trading could just end up lost in transaction, so overall holding is more profitable in the long run, compared to day trading.

I think trading today is good if we have enough knowledge about trading and signals or other wise we will lose our money in trading day. In the futures trading period, bitcoin prices are being manipulated by the whales in the short term. Day trading is advantageous in cryptocurrancy given at volatility level, but not as easy as draining. We need to be quick in making decisions and understand the key graph concepts we see.

Of course daily trading is way more profitable than just holding or investing but we can say also that day trading is way more difficult and complex, you need to know more things than just to hold.

Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. Strictly, day trading is trading only within a day, such that all positions are closed before the market closes for the trading day. Day trading is also too risky because you need to monitor the price in the market from time to time. If you do not know how to trade then trading is not for you. You will just lose what you invest if you do not know how to trade properly. But if you know how to trade then you can do trading.

top exchanges like bittrex, binance, okex are good platform and very fit to android phone.

If trading day, the risk is quite high for you, do not choose the transaction day choose the transaction for a long time. So safe and high income will come to you.

In Crypto platform trading is the main resource of most of the investors so it is really good earning platform. Still many traders are loose the investment in day trading because it is risky investment and I don't recommend for beginners. But majority of the day traders are earn more profit so experienced persons are survive in long term.

At this time, I believe you should only trade the day to make a profit less risky. You can see that the market is in a bear market for long term and bitcoin prices are starting to fall to $ 7,700. According to my analysis, altcoin prices will fall sharply and bitcoin prices will probably fall back to $ 6800 then rebound so you have a specific trade plan and always track bitcoin prices when trading. .

Daytrading is not really profitabe at this rate. Much better to be prepare before working on the spot. Gather all trading information and study them.

About the platform , you can try Binance or Kucoin since you are looking for an android friendly app.

Yes, I think keeping a token will loss money more than day trading.
In my opinionbitcoin best coin for day trading.

So how to buy and hold is not more profitable? If you buy and want to insure, you must be willing to insure for at least more than 1 year or even hold for 2 years. daytrade is also very risky and you will not always make a profit. Besides you have to have a lot of technical knowledge to be able to do day trade.



This is a good method to learn.


use binance

https://www.binance.com/clientDownloads.html

Take in consideration that if you do not even know how to trade properly, you are going to be losing a bunch of money and it is more than true. Be aware of being too much anxious while you are day-trading.

If you're thinking about day trading make sure you do two things......

1. Only trade Bitcoin - because it has the highest liquidity, so the transaction costs (which are going to be you're biggest enemy day trading) will be low, at least much lower than what they are on other Crypto's and Altcoins.

2. Always use a stop loss.

please don't day trade. There have been many before you and all of them got rekt. It's really a shame that people come in to make money and leave without any. Just hold long term and you'll be just fine

Binance is the best Crypto trading platform.

Everyone in this world has his own way of looking up at the things and then making the decision according to the things which seems more suitable to him but I will never suggest you to invest your money into bitcoin and that too for the sake of day trading. Day trading is the trickiest thing to do and that you cannot do it efficiently until and unless you don't choose the right strategy along with the right choice of the coin.

At the moment chooce pair BTC/USDT for day trading is good moment because from the chart the price in strong bullish and ready to make other bullish candle, and for the trading platform there are alot of good exchanges in the market, like Binance which become the most popular one.

Coins : always day trade with top coins which have enough daily trading volume so that you can easily get in and out with profit.
Platform : You can try exchanges like binance and bittrex which have millions of dollar worth of trading volume

Android app is not good for trading use desktops/big screens. Also many trading platform don't offer android app but all of them have mobile version of their user interface for small screens which is as good as mobile app.

Binance have their mobile app on play store https://play.google.com/store/apps/details?id=com.binance.dev
However, I have never tried them.

Well this really depend on person to person. If you have got some extra strength that can help you to manage extra stress, day trading is best for you. Although it is little bit hard and need your whole day but still the profit can be of maximum ratio that is able to be obtained. Mostly people don’t opt it just for the reason that they are afraid of losing money they have traded.

Every paltform exchanger support mobile, I think what you need is a platform exchanger that has a large volume in each coin, in order to change the price quickly, I think this thing should be done because we take profits of the movement of crypto every minute.

It is all about the risks and rewards. If you buy bitcoin right now and hold it until you are retired than you can have a lot of money with you, thats the same for alt coins as well. Yet if you daily trade, you can lose all your money if you are emotional and have trouble holding a coin etc, if you select badly and what not. So one way you are going to be well off in the future, in the other you are going to either make that much money in a month with good daily trading or lose everything. It is all about the risk and the reward.

I propose to create a separate account, for example Binance, in order to provide API access from applications from the phone, for example Tabtrader. I propose to start with the top coins, and then go down to the more unknown coins. Do not use credit, as it affects your ability to assess the real situation in the market

Day trading is good option too but most of the cases holding makes the mark. Many people here are different with different mindsets to work in bitcoin. Many have some different objectives and goals that must be followed to earn big profits. Holding helps you to keep your investment safe for long time. Every day when prices start increasing, hold till the best possible time.

Both trading and holding of the crypto coins have their own advantages and disadvantages and that it is you who must make the choice after keeping all the things in your mind but you must be sure that you are making the right choice and that if you are willing to go for trading, then you must have enough of the skillset which can then help you in making some better strategy for effective earning.

I highly prefer to use bitcoins for day trading because it has a very good volume and potential in the market which can be used to earn profit daily.

Just remember day trading can really be unprofitable if you don’t set goals and don’t force trades to meet those goals. And it is also very risky.

Day Trade is a Full time job if u want to take Good Profit from trade You must day trading activity we need high trading volume so we get high liquidity,  and so far I really like to use Binance exchange. They has mobile app which downloaded by a million user.

Day trading is much more difficult for making a profit until you are not a lucky man, It requires taking the risk because of the uncertainty of this platform. sometimes you may gain a lot of money but some other time you may face a huge loss if you want to trade in a day. so experience and luck both required for this system. 

Day trading come with it own inherently risk and you should not putting good money in it if you did not know how it works. For you to day trade successfully you must used the good exchange like poloniex and binance in others for you to see good volumes that will direct prices.

I will prefer playing swing, and I also know some Quant trader will use AI for trading. So Good luck folks! :)
You may have a try with a very small amount

With what you said I believed yo don't understand what day trading implies because it a trade start and executed within a day.. However, day trade is not good for crypto currency trader that don't know how to set aside time and cut losses withh limited orders.

Try out trading these days in which one can get benefit easily as the price movement is favorable for traders and it also took a lot of time to go high but the price is still here for our benefit and can go higher anytime. Better you start buying now as Bitcoin is available on low price which will be a benefit too if we have a large collection of it will payoff according to the collection.

At this point I believe you should only trade the day, you can see that bitcoin prices are constantly fluctuating and rising sharply in the past time, after touching the $ 8400 level, the current time has fallen to $ 8200 level . The market is hard to predict when altcoin prices are falling sharply, I believe this time you should be in bitcoin and should not buy altcoin at this time.

I admit that daily trading is a bit troublesome to me. Choosing what token that we should trade is really difficult, even we might need to take a cut loss at that time. I had this thought for a long time in my mind, can we still consider day trading if we do this within 2-3 days, not in a day?

Most of the crypto ex changers like Bittrex, Binance, Bitmex are make mobile app for smart phone users, which can be easily used to trade in smartphones. And it's relatively easy and comfortable to use, especially for anywhere.

Day trading is very risky in yourself , you need time to focus in trading, for me holding is better thaN day trading

I would suggest that if you want to trade daily, first choose an exchange with the type of coin that allows you to choose the type of coin every day, then pay attention to the daily turnover rather than the price of the coin.
it's useless if the price is high if the turnover is small, it's very difficult to get profit from it. good luck.

yes, the exchange that you mentioned might be very liked and used to trade today, and bittrex or binance exchange both have very high volume and have very fast market price movements, but for beginners who learn to trade day , I think it will be risky, and maybe they will suffer a big defeat.

   If you have no other works then go and try to do day trading. It is really profitable rather than just holding for a long term. It is just need your time. Binance is one exchange that good to be use in doing day trading with higher market volume.

Binance and Poloniex exchange have a decent daily
trading volume, and try focusing on BTCTC/Alts

but for me to trade today is very unprofitable, and if we cannot trade day with good speculation and analysis, of course we will be difficult to get a profit, if I think by buying some altcoins that have good potential and we hold I think it will be much better.

https://medium.com/@optitoken.io/hyperdeflationary-monetary-systems-why-they-should-be-owned-and-utilized-1a34bc2a7536

There must be an alternative in trading, you can not only rely on a strategy. There must be a new strategy because if you only rely on one side it is too risky for the investment that we have. Buy a few coins that have differences and try to combine long-term investments with short-term investments. That will make us get closer to success.

There are times when we have to choose Day trading and there are times when it is time we have to choose Trading for a long period of time, all according to needs and we must be able to take advantage of every momentum that exists.

You can try day trading with coin like Bitcoin and Eth as they are fast moving coins and are very safe too.Day trading can be tricky as well for those who are not use to it as it requires fast decision making ability. Choice of coin is also very important.

Daily operations require intense patience and can not be easily followed as in long-term investments. Of course, two different investment options will be beneficial in every respect, but it should be noted that pricing in daily transactions should be re-evaluated every day. So, the process that was done yesterday is a thing of the past and the process to be done today should be done without panic. In addition, buy-sell transactions to the loss made yesterday should not be reflected in the other day. For that reason, you should first learn this process literally and then do daily operations. Another negative aspect of day-to-day operations is that occasionally sad results may be obtained. For example, after a sales transaction that I did yesterday, I did a price check today and I saw that it was doubled yesterday. Although a significant amount of profit has gone away, I have to say that I received a good return yesterday. However, if I missed the 100% profit margin and I did not create a negative sadness, it would be a lie unfortunately. For that reason, the necessary experience must be gained before starting daily operations and psychologically ready for this war.

Hou, what an interesting project, well done guys! What you do on the wall is unimaginable. Be sure to follow your project

Day trading is not just an ordinary job,  it needs more time to spend and regularly checking with your trades. Though smartphone apps is very useful for you to check anytime but it could be better to used PC or laptop for trading than of just using your phone.

Day Trading is good atleast on this bear market. I can't recommend this to anyone but if you insist to trade then welcome to the club of risk takers. I mean are you ready to be rekt? Lol.. I do Margin trading on bitmex. If you love to learn some trading there's a video tutorial for that.

You can see that the market is fluctuating continuously and bitcoin prices are constantly adjusting, which leads to the price of altcoin is very strong decline in the past and no signs of recovery. Therefore, I believe that day trading is the best option at this point in order to be profitable with minimal risk. Always have a plan to reduce the risk.

Day trading is a very good choice but to be able to trade on a successful day is very difficult, requiring you to accurately analyze the combination with market news and information and always have to observe the track. Bitcoin prices can be traded successfully. I believe that this time you should only short-term investment and make specific plans before the transaction.

For me, the most convenient for trading crypto currency is the Binance exchange. But in fact, everyone chooses a trading platform based on their preferences. You must choose a stock exchange that fits your trading strategy and which has all the necessary analysis tools.

Day trading is a good choice as the volatility is very strong and the market is bearish in the long run. Therefore, I believe that at this time, only short-term investment in bitcoin and constant price of bitcoin should be made so that altcoin prices are going down sharply. You should only trade on bitcoin and always have a specific trading plan to reduce the risk.

in bitcoin trading requires a lot of capital, now there are many new coins in the market that have the potential to trade daily, and I use bitcoin for long-term trading

I think ethereum can be used as an alternative when traders want to take advantage of daily investment because the more ico developments that use eth for payment processing, you may be able to create maximum profits in the future.

The fact is that day trading brings too much risk. Very few people can succeed compared to long-term trading. I think day trading is not for everyone, including me. I do not want to risk day trading because the possibility of bankruptcy is too great

if you want to do daily trading I suggest you can do it at an exchange place that has a very large trading volume and has an excellent altcoin because this daily trading is very dependent on coin price movements.

I think now is the best time for day trading. Trade in Bitcoin. It’s now in the up and down condition. But remember Bitcoin never make big drop at the moment. I mean there is no chance for big drop within this running year. We can only expect or predict for up. And make sure about you have lots of patience. Just keep calm. Now profit can touch you daily if you keep patience. Never panic about Bitcoin drop.

I know I'm just some random person on the internet, but trust me - there is tones of money to be made trading crypto. If you're looking for resources, lots of folks on this forum have given great suggestions. I would put forth a slightly different kind of resource: a group of traders to bounce ideas off.

One of the cool things with crypto is that the folks in the crypto space are generally pretty technologically savvy, which leads to some pretty cool opportunities.

I found a discord group that is super helpful when it comes to learning how to day trade, and I've seen tremendous success with them.

Check it out! Voodoo Crypto (https://discord.gg/Ymntrqh)