Crypto for Day Trading

[Hopeman1]

Japanese candle chart is a very old technique, and candles figure application is very wide, so if you can very good master skills of candle figure, then you can dominate position in day trading.

[renchan]

Wow! Thanks so much for your advice and suggestions guys. I guess I'm gonna take the risk if I want to learn more, accompanied with watching and reading about day trading. I have money I'm willing to throw away for the benefit of mastering it, or at least learning how to do it right. Wish me luck!

[shirackjs]

Technical analysis is an effective technique in trading. However, fundamental analysis is also important especially in crypto. Apart from reading candlesticks, it is important to keep yourself updated with news.

[Radio-Active]

I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?

candlestick is only one of the knowledge in trading. Beside that, you must study and learn about crypto movement.
it is very different from stocks trading. To become successful in trading crypto, not only candlestick knowledge, but other knowledge is needed as well.

[Dewao]

Technical analysis is an effective technique in trading. However, fundamental analysis is also important especially in crypto. Apart from reading candlesticks, it is important to keep yourself updated with news.

It's ok to be updated in news but we don't need to always believe in them because sometimes news are the reason why we get panic,well what ever will happen you should know how to keep calm everytime the market are falling down.

[coin163]

I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?

for day trading in crypto I don't think read candlesticks important. in my opinion tat crypto affect by the news, events. And only some cryptocurrentcy with big volume could be use for day trading such as BTC and ETH. And let's use alt/usdt to trade for safe

[112tigra112]

 I am hardly persuaded that you need to learn and study many things before you can actually start your trading experience

[sergiom]

 I'm not even trying to enter this, because I know that I would possibly just lose all my money, because I am newbie

[Ade A Aziz]

I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?

Knowledge and experience is necessary if you want to trade day. In addition, day trading tends to take a lot of time so it is tiring. Always reading the charts is the thing to do.

[Encelad]

Until now, trading with long positions is the most profitable type of trading cryptocurrency. Just buy in the recession of the market and keep your coins. It will be more profitable than day trading.

[Kiefner]

Day trading has its own laws and nuances that you should know. You need to not just wait for the price to go up or down, but in fact it is the daily trading is the most profitable way to earn in the field of crypto-currencies at the moment.

[Catmony]

I heard knowing how to effectively read candlesticks help a lot in crypto day trading. What's your take?

Yeah that's true but many newbie traders go with what their heart says and expect to make few hundred bucks overnight with day trading. Which is completely nonsense and many keep losing whatever they have while trying to book profit with crypto trading and start blaming for high volatility price of crypto have.