Hello all, I am engaged in trading and I am often asked by beginners how to trade long-term or short-term strategy.
For beginners, I would advise you to trade long-term, but such trade does not suit impatient people, sometimes you have to wait a very long time, a couple of months, and maybe a year, and sometimes even more.
This strategy has a number of advantages, especially for beginners.
1. Compared to intraday trading, you do not need to be in front of a computer and watch the price 24/7, so the trader experiences less emotional stress.
2. Only when using long-term trading, it is realistic to take above 100% of the profit from 1 deal. With intraday strategy, this is hardly possible (except that a miracle will happen).
3. Unlike intra-day trading, you do not need to be a professional, enough to have basic knowledge.
Why I recommend this strategy. Based on personal experience, I often sold coins for example + 30% and literally in a week could sell + 100%.
You can also put a stop loss when the price is + 30%,and move the stop as the price increases.
This is my opinion, I do not force you to adhere to this strategy, study trading if it interests you and find your strategy.
I hope someone helped, If you have any questions, ask always happy to help.. Good luck!BTCBTC
Now that you have an idea on both what do you think about profitability if you compare the two. Which is more profitable? Day trading or longterm trading?