Hi guys , Some of my friends are give me some ideas about Trading and Investing.
But i've some doubt which is better in that. What is the advantage and disadvantage? Because I want to focus on one at a time for generating source of income coz my funds are limited.
Can you give some of your useful ideas? I'm a begginer. I need some help. Thank you!
Investing and trading are two very different methods of attempting to profit in the Crypto market. The goal of investing is to gradually build wealth over an extended period of time through the buying and holding while Trading is for short period of time only. One of the greatest aspects of long-term investing is that it almost entirely removes your emotions from the equation. Less risk since you can avoid "panic buying and selling'.
A beginner should start by trading prominent coins. Currently, in 2018, we are referring to coins like Bitcoin (BTC) and Ethereum (ETH) .After that, you’ll probably want to trade USD for crypto on an exchange like GDAX. Once you have done that, you could try trading BTC and ETH for other cryptocurrencies. Trading “crypto pairs” can be rewarding, but it is more complex and often more risky than just buying a single cryptocurrency as an investment.