How do I become a Crypto day trader?

[ahmad21]

What tools are you using to manage your daily trading? Which strategies are working best?

Man, you better start trading at low cap; don't even think about trading huge immediately. One more thing, you must expect losses in your first few trades but also keep in mind that what doesn't kill you makes you stronger.

Anyway, I don't use tools; I trade in poloniex.

It is not easy to become a trader, as it’s not about just holding the money for long time. To become a successful trader you need you have many technical skills as you have to make many predictions about the market, knowledge of market trends and cryptocurrencies principles and control over your emotions. All of this comes with a lot of experience. You have to spends hours in front of charts studying how the stock/coin has reacted to various different news and patterns and then develop its future based on those reactions.

[Baoo]

Well, before everything you must learn the basics of trading in cryptocurrencies because when you start this field without a good knowledge, then it is certain that you will lose a big proportion of your money. Furthermore, the best start is by reading books related to crypto because they can help to take a shortcut way to understand well this field  and they have many useful tips, but you must choose the best books because there are some bad ones in terms of information and tips .

On the other hand, due to the market in a huge decline during this period, so I do not think that day trading is an appropriate choice for the biggest profit. I advise you to trade in a long term, especially for cryptocurrencies who has a large amount of Market cap and a weak price, and of course the best examples of these characteristics are Ripple (XRP), when you buy a large proportion of this currency, then it is certain that you will gain a huge money in a long term (maybe after 6 months or 1 year). Be patient.

[icoprofits]

if u are crypto day trader should pick the coins at the lowest price on that day and pick up the coins and close in single day when the target is reached that is how u make daily profits

[candy69]

If you want to be a crypto day trader, first you have to do long-term trading and get experience, as you gain experience then you can day day trading and would be successful.

[acener]

What tools are you using to manage your daily trading? Which strategies are working best?

There are things that you have to learn to be a day trader. For you to become a day trader, you would be needing a lot of eagerness and patience to learn about it. Skills is what you really need to become successful in in day trading. For you to earn better , you should know the basics of it first.

[davinchi]

What tools are you using to manage your daily trading? Which strategies are working best?

Money management, stochastic indicator as well as moving average is all that gives me the best from day trading. However, it is very important to understand that the market can actually be extremely volatile so, it is very important to never make the mistake of thinking you can just keep making shit loads of money without at least learning all that is necessary as that would definitely guide you on the decision you really want to be making in the market and not just some flimsy decisions.

[evelia4]

There is only one website needed for you to make a good daily trader in today's time and that is coinmarketcap and this gives all the news as well as the financial numbers all in one site which means if you spent time on this site you will get better at it. I have learnt most of my crypto knowledge in start from coinmarketcap. It helped me a lot in gaining knowledge about crypto.

[jorgelugra]

I think that it is not too diffucult but you need to learn the market basics and gain some experience. To my mind, this is better to trade not the whole day and have some other job as well to be on the safe side

[_crypto_moon_]

I mainly use day-to-day trading for technical analysis, as well as analyze the volume of trading on each currency pair. This is enough to successfully trade.

[richjohn]

First, you need to be excellent in TA because timing short term trends is quite difficult and for day trading, you need to time hourly trends. Also, if you have any day job, it would be difficult for you to pursue day trading because it needs time and your attention throughout the day. You can't successfully make day trading a part time thing. If you are okay with giving your whole day to trading, then start with learning TA.

[deep4u]

Actually if you have to understand all about trading. You should have trading skill and knowledge about it.  You have to analyze the market strategy to invest or to trade.

[Emitdama]

There is only one website needed for you to make a good daily trader in today's time and that is coinmarketcap and this gives all the news as well as the financial numbers all in one site which means if you spent time on this site you will get better at it. I have learnt most of my crypto knowledge in start from coinmarketcap. It helped me a lot in gaining knowledge about crypto.

Well this seems so interesting that you are looking forward for something that is helpful for you to earn money thorough this world. Yeah, to look for information is compulsory because if you don’t know what have to do and how you would be doing that, things are always complex in the field. To make them easy, read about them on better platforms and bitcoin forum is one of those.

[bitcoinerjawa]

to be a crypto trader and do daily trading it seems you have to have a very good skill so you can decide yourself when is the right time to buy and sell coin.