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Author Topic: what kind of trading will suit for me?  (Read 15646 times)
CryptoLing
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April 04, 2019, 05:21:31 AM
 #121

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.
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April 04, 2019, 07:08:03 AM
 #122

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.
In bull market, day trading is very profitable.
The price will increase so you have a chance to sell it, this timing is not only good for day trading, it's also good for long term trading.
Think of the last ATH, if you will invest with a certain altcoins now, like ETH, you might earn x10 of your investment when it hits a new ATH.
CryptoLing
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April 04, 2019, 11:08:16 AM
 #123

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.
In bull market, day trading is very profitable.
The price will increase so you have a chance to sell it, this timing is not only good for day trading, it's also good for long term trading.
Think of the last ATH, if you will invest with a certain altcoins now, like ETH, you might earn x10 of your investment when it hits a new ATH.
Well yes indeed, if you bought the dip for most coin, like LTC for example. You already got 100% return, and if you plan to day trade. Buying the dips is the most important part.
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April 04, 2019, 12:20:20 PM
 #124

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.
In bull market, day trading is very profitable.
The price will increase so you have a chance to sell it, this timing is not only good for day trading, it's also good for long term trading.
Think of the last ATH, if you will invest with a certain altcoins now, like ETH, you might earn x10 of your investment when it hits a new ATH.
I think we should not think too early in the long term because the market has not had a reasonable recovery, all the recovery in the present time seems too sudden, this may be a trap for us, short-term trading and trading day will probably be more suitable for the situation right now. Each choice will bring different returns, and always comes with profit, which will be risks, so we need to know our abilities and skills are good for short-term trading or trading day, wrong choices can make us stuck

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kidoseagle0312
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April 05, 2019, 01:55:46 AM
 #125

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with  10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

edit:
Update:

I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.

If you want to make money day trade will suit for you to do it mate, but first you need to have a knowledge in it before anything else.
It may give a chance to give profit most of the time but it also wreck you too in just one wrong move, therefore you need to be sure if you are going to do this dude, good luck.
Gaff
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April 05, 2019, 02:25:22 AM
 #126

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.
In bull market, day trading is very profitable.
The price will increase so you have a chance to sell it, this timing is not only good for day trading, it's also good for long term trading.
Think of the last ATH, if you will invest with a certain altcoins now, like ETH, you might earn x10 of your investment when it hits a new ATH.

I've holding coins which personally bought from trading site like etherdelta, and same as your expectations longer terms trading is one that I choose to have. Day trading is good when we see a good market as activity, but when there's no proper volume it takes with I think it's not good enough. Most long term traders succeed compared to those who haven't, so I highly recommend it to new comers who planned to have involvement on trading cryptocurrency.
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April 05, 2019, 03:42:23 AM
 #127

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with  10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

edit:
Update:

I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.

For me, I do both. Actually, in that order as well. First, when I get my coins from my other ventures such as campaigns or ICOs, I wait until it gets registered, and then, I trade it for one of the better altcoins around or Bitcoin. That way, I have more chances of trading or exchanging it for money in the future. Usually, I do that process because that's a more clear way of converting my coins into money. Also, if I would just try to gather up coins and hold it for years without any clear plan on how to encash it, then it would be a waste because the market keeps on changing day in and day out.
Sum24
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April 05, 2019, 06:57:59 PM
 #128

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin.
In bull market, day trading is very profitable.
The price will increase so you have a chance to sell it, this timing is not only good for day trading, it's also good for long term trading.
Think of the last ATH, if you will invest with a certain altcoins now, like ETH, you might earn x10 of your investment when it hits a new ATH.
I think we should not think too early in the long term because the market has not had a reasonable recovery, all the recovery in the present time seems too sudden, this may be a trap for us, short-term trading and trading day will probably be more suitable for the situation right now. Each choice will bring different returns, and always comes with profit, which will be risks, so we need to know our abilities and skills are good for short-term trading or trading day, wrong choices can make us stuck
Exactly to get profit we will have to buy at dip and sell at high or trade at peak but until you get your profit zone, to me being new trader only long term trading suits me, it gives me more chances of earning and reduces the risk of lose for me, day trading is also great but it does not suit me as price is already not so high.
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April 06, 2019, 08:09:21 PM
 #129

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with  10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

edit:
Update:

I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.

If you want to make money day trade will suit for you to do it mate, but first you need to have a knowledge in it before anything else.
It may give a chance to give profit most of the time but it also wreck you too in just one wrong move, therefore you need to be sure if you are going to do this dude, good luck.
Day trading is really not easy as normal trading, you will have to struggle and work allot to become a day trader, according to me it is much better to trade for long term, because it will save you from lose and it will give more chances of earning, as now a day price is not very high so I think day trading does not suit anyone in current market so I suggest long term trading.
The Seller
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April 06, 2019, 09:28:34 PM
 #130

I think you need to try both of them first and after you try them you will be able to know and be able to choose which one is more suitable for you to do.

cydrix
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April 09, 2019, 11:14:05 AM
 #131

A day trade won't be successful if you don't have a group in telegram to rely on with so many members on it, for just a little time it will surely boost your money however joining in these kind of group needs a lot of consideration to have regarding of what we call scams or schemes that are there to bait beginners out. Day trade by far is the most easy way you can earn money but it doesn't guarantee you all of your trades will succeed.
HatakeKakashi
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April 09, 2019, 12:27:15 PM
 #132

Depends to you,  $1000 up capital is nice and good for the starter. You can do shorterm if you think the coin that you are going to buy is only for shorterm because coins have different term other is for shorterm and longterm and other is the worst even you wait you will be worthless because it's not going to increase.  You can do research about the advatanges and disadvatanges of the two so you can decide according to your opinion and thinking.

 
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April 09, 2019, 02:27:40 PM
 #133

A day trade won't be successful if you don't have a group in telegram to rely on with so many members on it

Are you not saying the same thing as a day trader can't be successful if it does not belong to a telegram group? And my answer is no because there are many independent and competent day traders that are making it by themselves. After all, the guys that are relied upon in the telegram are individuals too.

By exception, except the day trader is someone that has no confidence in him or herself.

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April 10, 2019, 04:50:10 PM
 #134

A day trade won't be successful if you don't have a group in telegram to rely on with so many members on it

Are you not saying the same thing as a day trader can't be successful if it does not belong to a telegram group? And my answer is no because there are many independent and competent day traders that are making it by themselves. After all, the guys that are relied upon in the telegram are individuals too.

By exception, except the day trader is someone that has no confidence in him or herself.
You are right, his advice is why many people lose out in trading, it is actually not a bad idea to belong to a group and learn one or two things from there since no one is perfect, there might be an idea that would be thrown into such group that a trader can pick on to better its trading but not to completely rely on  a group for trading, it’s just more or less like waiting for signals from people who claims to be guru without doing ones analysis too to verify it.

So, we need to be absolutely independent and believe in ourselves and our strategy alone, provided we have gotten the necessary knowledge that needs to be acquired for the trade.
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April 11, 2019, 05:07:23 PM
 #135

A day trade won't be successful if you don't have a group in telegram to rely on with so many members on it, for just a little time it will surely boost your money however joining in these kind of group needs a lot of consideration to have regarding of what we call scams or schemes that are there to bait beginners out. Day trade by far is the most easy way you can earn money but it doesn't guarantee you all of your trades will succeed.
Sorry I am not going to hear opinions from others about when I have to trade to make profits because I know they are not going to help me,they will use this as manipulation strategy.

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April 11, 2019, 05:25:05 PM
 #136

I think you need to try both of them first and after you try them you will be able to know and be able to choose which one is more suitable for you to do.
it's true the problem is if we try it first we will never know what type of trade is suitable for you to use. the problem is if we have tried then we will also know the trade is good for us too
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April 13, 2019, 03:26:25 PM
 #137

I think you need to try both of them first and after you try them you will be able to know and be able to choose which one is more suitable for you to do.
it's true the problem is if we try it first we will never know what type of trade is suitable for you to use. the problem is if we have tried then we will also know the trade is good for us too
But we can't try each and every method,if we trying unnecessary things then we may lose our capital amount for that I am not much intented.Just pick the best one and do it with perfection is my policy.

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April 13, 2019, 04:03:43 PM
 #138

It completely depends upon the experience you have towards trading because most of the people will look for short term trading, which they don't want to bother about the long term returns. For some people, they will hold the coin until their desired target is reached, so you have decided about it whether it should be short term or long term.
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April 13, 2019, 04:57:25 PM
 #139

First of all, before you invest or try to trade your money on any exchanges make sure you know what you are doing. And make sure you do have the right knowledge of trading because trading is not that easy especially if you are just a newbie on that field. You might end up losing or burning most of your money.
Absolutely it’s true that trading is not so easy and especially for the newbie. We need to invest that money which we can afford to lose. Cause we may get lot of profits as well as losses. So before make any investment you need to think about it hundred time.
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April 13, 2019, 05:49:52 PM
 #140

Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through

If somebody has got experience or have basic flair as well about trading day trading if time permits can bring some extra money to them and help them in spending those extra money on their monthly budgets and will support them monetarily as well.
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