Day trading, the very beginning

[iamaruf]

Day trading is risky.I saw many big traders posted in their blog that Day trading is risky and they don't suggest for day trading.But if you know about day trading perfectly then you can can earn huge.But you have to active in forum,Also monitor social media and blog news to watch their update.If you missed update then you missed the opportunity to make a profit.So I am not interested in daily trading.I love long term trading   

[Duogembrot]

This daily trading must have very good expertise and certainly must be able to analyze a market that is crowded and must have the courage, very high patience and not easily panic, because if you do not have that then it will be very difficult to do daily traidng.

[Sanjida]

Actually day trading requires a big concentration and it is a wonderful platform in next month.but day trading is not an easy job to predict the prices.as you gain experience you can do day-trading and make avail too.

[Barbut]

Ok guys, so i made conclusion. It's better option to start learning after that swing trading, keep learning and after that day trading, its sounds like the most healthy way.

Learning and investing money or time or both is healthy way. You need to have with what to day trade, more of that you have more easier day trading can be for you, easier in the way that you will be able to allow your self to make a mistake. We all make mistakes, but not all of us have a back up plan. Big traders never sell everything they have, nor they buy everything they can, they do both in well chosen time. How important timing is you can see everywhere, who did something first or last is a big difference. Learn and do what you need to do to make you amounts in all coins and currencies grow, when they grow enough you can start with trading.

[Slow death]

No books can prepare you; just don't go on bitmex; you will be rekt.

I agree with the part of: " No books can prepare you " but what has bitmex? Did I miss something?

This is not a very good idea. It cannot make you many money if you day trade. It might costs you a lot if you don't have the idea in trading.

this is good advice, OP said he just wants to learn, so he will not risk doing day trade with a lot of money. I hope

Im not goin to start day trading now, i just want to learn about it before that, some knowledge about that how works the market and maybe after that i will try

Best option would be to buy many coins and hold for a long time

[JustNerd]

No books can prepare you; just don't go on bitmex; you will be rekt.

I agree with the part of: " No books can prepare you " but what has bitmex? Did I miss something?

This is not a very good idea. It cannot make you many money if you day trade. It might costs you a lot if you don't have the idea in trading.

this is good advice, OP said he just wants to learn, so he will not risk doing day trade with a lot of money. I hope

Im not goin to start day trading now, i just want to learn about it before that, some knowledge about that how works the market and maybe after that i will try

Best option would be to buy many coins and hold for a long time

I already have good coins holdings as metronome, wan, NEX and icx. But i have some other money in ETH and BTC so my idea is to increase them, i dont want to trade with fiat pairs or USDT, i prefer some pairs between alts and btc or eth and other alts, its seem for me harder to loose in usd value that way.

[Adrin]

There are lots of newbie start cryptocurrency trading but most of the Newbie want to start day trading. I am suggesting for any kind of newbie who work in the string section, never start day trading without any experience. If you feel you have lots of idea in cryptocurrency trading platform and if you feel you make a better knowledge in trading section so you can start cryptocurrency trading.

[Ararbermas]

Actually day trading requires a big concentration and it is a wonderful platform in next month.but day trading is not an easy job to predict the prices.as you gain experience you can do day-trading and make avail too.

yeah need concentration and you must take it as a full time , because it's very risky especially nowadays which the all coin in the market experience a drastic flucatuation. So bear in mind to put an amount what you can afford to lose and make sure you are ready on it ,must have enough strategy to avoid losses.  

[mey466]

Maybe what i think for now is not good for trading days for beginners because the market is very bad, you have to have knowledge, research and experience in the market because the market is at the bottom of a good step to invest and hold

[otundebis]

Copy trading may work for you while you develop your trading skill.  You can teach teach yourself by learning through trial and error.  This is the most personal way to learn which will g help you to develop method that works for you  and give you an edge in the market.

[akram143]

Copy trading may work for you while you develop your trading skill.  You can teach teach yourself by learning through trial and error.  This is the most personal way to learn which will g help you to develop method that works for you  and give you an edge in the market.

The different ways in trading will definitely be very funny Chennai people day trading is also very effective way to wear quick profit but the profit amount was very low when you are not in active that's why day trading is very tough for job for everyone to get more income so my opinion is long investment is more better than day trading but depends upon the each and every people situation and their basic life.

[Diced90]

You have chosen to do the correct thing by going back to the basics to learn about crypto currency trading before you commit money into it.This very mistakes is made by 90% of would be traders as they have known next to nothing about crypto yet they will start trading and ultimately lost their coin. You need to get yourself a mentor who you will be ready to guide you as you grow in your crypto space. All questions when trading will be answer by your mentor and the next is that you have to learn through simulation till your confidence grows to dare the life market.                                                                                       

I strongly agree with you. In situations like this the best thing is to take a step back and analyse and calculate the possible and the best ways out.

[wildflower18]

Maybe what i think for now is not good for trading days for beginners because the market is very bad, you have to have knowledge, research and experience in the market because the market is at the bottom of a good step to invest and hold

The current condition of the market is hard to do day trading. If by doing this needs more time and must be focus on the chart and always learned to avoid loses in trading. Yes by gaining knowledge could help on your journey in trading.

[Timmzzy]

Hi guys,

 I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

I think with some few search out there you should get going definitely I engaged in Google search and lots of reading which I wasn't recommend any because I wanted doing everything on my own not with some sort of suggestions and at the later end I don't understand so just take a bold step and dig in YouTube is there even you can see some brilliant ideas right here on BITCOINTALK forum.

[sana54210]

If you're beginners hoping for a huge return in a day this is not for you, coz in crypto you need alot of patience and need a lot of time. But if you can risk a single amount of money to make a trade then try to read the chart and most probably the fundamentals of cryptos coz we all know the market is very volatile. So make a reading a habit most of the time. Day trading is risky but if you are very good trader then you can make alot of profit on marging trading.

What any new trader should even be doing first is to learn as much as they can, make sure they have touched almost all areas they need to including technical analysis, money management, risk management and so on. In this regard, it would be easy for them to have some basis to start practicing. Now, this is where some people get things wrong.

After learning, they think they are already game and then enter the market with real funds. No, it is imperative to always try as much as possible to trade with demo funds, know how good you are, get confident in trading the market, and as long as you know you are ready for the real world, you kick in. That is the only way as a person, you will be able to find a strategy and you won't make any regrettable decisions when it comes to trading.

[tadpole_bitfrog]

I think this month is not a good month for you to trade the day. At present, there is not much fluctuation in the market, which indicates that the risk is very high. You should consider when investing in the market.

[pungopete468]

Maybe what i think for now is not good for trading days for beginners because the market is very bad, you have to have knowledge, research and experience in the market because the market is at the bottom of a good step to invest and hold

when a bad market is an opportunity for us to be able to make a profit and now we must be brave in making decisions to be able to invest in cryptocurrency

[naruto7676]

You can also watch videos to start in your first time trading Like youtube but reading books it's not good for me anyway to start some trading performance.

[pundit]

Hi guys,

 I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

Day trading is still a challenge in Crypto as most of the exchange still does not have good volume, I have tried day even in Binance but could not succeed, although I am still trying daily TF trading there but volume is always a challenge in current situation, there is no fluctuation is the price, I would recommend you to try in forex if you are thinking of day trading, due to high price fluctuation you can get a good profit on right trades.

[KGBx]

I suggest you to trade different coins, but not more than 5 for the beginning, that will make you know various scenarios and trading models.