what kind of trading will suit for me?

[carlisle1]

Having a capital like this ($1k-$2k) is good to start in trading, well, it depends on you mate. If you are a full-time trader and the majority of you have a vacant time more than 20 hours per day then I must say go in day trading. This kind of trading is more profitable if you know how to play the market.

putting such amount of money like $1000 - $2000 is not really necessary especially if a person new in this kind of venture, it is indeed that trading is capable of giving us a profit but it could also lead us to a huge loss and not every day is a good day for us to make a trade.

I know people are afraid to use trading tools(bot) but this strategy will sure make more profit. The decision is yours but I highly recommend you to use bot just like Gunbot. Contact this trusted user crwth he/she also guides you on how to use or visit https://gunbot.ph.

trading bot might help people with their trades but for me trading manually is still better than using a bot because you are really approaching the market and you could even maximize your profit without using a trading bot.

[Gabteb]

If you ask these questions then don't think you know how to trade and if you don't know what to do then it's very risky to start it and you must know you can lose all that money at once so if its your free money then try to make money but be ready to lose money, so don't upset,if it will happen,good luck.

[moynul2050]

to get the benefits as you would expect it would be better if you trade short-term, especially if you choose to trade pairs with FIAT currencies. it is very suitable for short-term trading.

[leea-1334]

Trading with huge capital is discouraged  in the first place.  Inexperienced traders are advised to trade with what they can afford to lose.
You can actually make that much or even more especially when you become good at trading.

Not really. If trading is your profession or even if it is your part time work, but you apply the same discipline and methodical applications as you would to a smaller bankroll, then the capital is not the problem. If you can afford to lose $10, then that is your capital. If you can afford to lose 10 BTC, maybe you mined 1000 in 2012, then sure, you can play with 10 BTC capital,,,

And you can make that and lose that just as easily (actually,,, easier to lose!) no matter what, if you do not set cautious stop losses.

[John46285]

It’s totally depends in yourself. But if you want to get 20% profits every month then I will recommended you to start short term trading. It’s more easy and secure than day trading and you can use crypto to crypto pare.

[zhekinsp]

If you ask these questions then don't think you know how to trade and if you don't know what to do then it's very risky to start it and you must know you can lose all that money at once so if its your free money then try to make money but be ready to lose money, so don't upset,if it will happen,good luck.

So people who want to be a crypto trader need to be born as crypto trader itself? Not sure how we can learn something if we didn't try it.

[r1a2y3m4]

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.

This is how I start trading in cryptocurrency. First, I'm trying to trade bitcoins on a wallet that is named coins.ph and all trades goes well and a friend taught me trading and told me that there were other cryptocurrency aside from bitcoin. I got the interest and start trading. That's a good start my friend.

[BUK2016]

You will practice the different types of crypto currency trading yourself so that you will know which particular one will suit you with this your trading capital. I said this because, people's opinion might not reflect what will work for you and not just because such trading time works for them.

[kakonhat]

have you traded in any platform before this time? If you have traded before it then you could apply your previous trading skill. If you don't have it then you should learn trading first then start trading. Because without trading skill you would lose your whole investment.
You are thinking about why I am saying this without answering your question. Bro, don't mind I think, you don't have good skill about trading. If you have the trading skill then you should know which is suit for your according to your trading experience.

[Pattart]

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.

That's right, because when you have skills in trading, whatever type of trade you choose you will still have a greater chance to win. first sharpen your abilities, expand your knowledge, then short term or long term then it will suit to you

[kotajikikox]

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.

Actually in trading every people have an own strategy, we all know trading have a risk short term or long term.possible to decrease the amount of your capital.

1009usd to 2000usd is huge and good  capital amount to start earnings but i suggest to you mate learn well before making final decision.

[LUCKMCFLY]

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.

I think the best option is to start with Crypto-Fiat, and start with long-term medium-term trading, so you can study the market from a more general perspective and you can build positions without much stress, if you have good analysis of sure you will start to get benefits.

Short-term trading is very difficult, the odds of losing are greatly increased, scalping I think should be done with great care, and for people who have a full knowledge of the market, who knows what can happen in the 15, 5 minutes included 1 minute .. Since the idea is not to gambling but to know well what is being done, since it is money is that you will put into play.

[fasdorcas]

It depends on you brother on how will you do it. For example if you will choose day trading you must have a lot of vacant time to or your work must be in trading only so that you may earn a 10-20% Profit a month or in a week. But if you don't have that much time try to go on crypto trading and that was sure you will get an income also. Your $1000-2000 dollars would be good to start trading activity.

Day trading is really a good suggestion for those who have many vacant time because you can focus on just trading and if you don't have any job you can trade as much as you can. Day trading is a hassle work so better if you will focus on that.

I think you do not need a lot of hours a day for day trading. It is just about your limits. You set your limits at which you are willing to sell off and you reach that limit, it is done. It is useless sticking to your laptop screen all the day. I would be great if you have a job because that will be an extra addition into the money flow you will get from trading. The bullish market has been good to give profits in day trading provided you have experience.

[serjent05]

I think you do not need a lot of hours a day for day trading. It is just about your limits. You set your limits at which you are willing to sell off and you reach that limit, it is done. It is useless sticking to your laptop screen all the day. I would be great if you have a job because that will be an extra addition into the money flow you will get from trading. The bullish market has been good to give profits in day trading provided you have experience.

Would be nice if he can create a notification if ever his sell or buy wall is eaten.  That way he can maximize his profit in day trading since as far as I know daytrading depend so much on how many cycle of buy and sell he can make through out the day.  If he can afford to buy a bot that will be much better since he can  just leave his unit and let the bot take over his trading after he sets up the parameters he wanted on that bot.


Anyway OP had decided on which way to go, but I guess it would be less hassle if he will just use an exchange than trading directly to other people.  But it is his choice so best of luck OP.  And I hope you come back here to share you experience .

[ChrisPop]

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 haven't traded before you need to be very careful with your funds. Remember that 95% of the retail traders LOSE money! Daytrading crypto is very risky especially now that we're in a consolidation period with kind of low volatility. TIP: Stay away from leverage until you master spot trading. Look for trading positions that you would be willing to hold for long term even if they go against you.

[nara1892]

of course day trading is better, you have to sell it on the same day no matter what profit you get
my advice is to find a high-volume pair, a low fee trade,
btc-usd or btc-usdt

[Danumsigwasan]

You need to know yourself as what suits you instead of asking others. The thing that suits me is long term trading but I do everything easily because that’s the way it enhances me in terms of making profits and consistent profits. It also helps with a broker like FreshForex in my corner due to mighty facilities they have from low spreads, bonuses and many more such benefits.

[Cosbycoin]

You forgot to mention long term (hodl) you can divide that money and have a part of it invested as a long term, while rue remaining goes for a short term/daily trade. 10% to 20%  uuhmm… everything will depend on you, and whether you know how to trade. If you don't know how to trade crypto yet, then you should learn it. Videos on YouTube can teach you just that. There are also articles to help you online.

[bonker]

You forgot to mention long term (hodl) you can divide that money and have a part of it invested as a long term, while rue remaining goes for a short term/daily trade. 10% to 20%  uuhmm… everything will depend on you, and whether you know how to trade. If you don't know how to trade crypto yet, then you should learn it. Videos on YouTube can teach you just that. There are also articles to help you online.

So don't do trading when you want start too?

If you read the OP then you will get better idea,trading is not long term hold the user only interested on short term or day trading and it looks like he/she already started doing it.

[futile-resistance]

This is something you can find as a result of your experiences. So, after you learn how the strategies work, you can continue by trying them out. And you will see which one is more appropriate.

It is very important to have knowledge about trading because this way we can trade well, I think day trading needs lots of knowledge but long term trading is much better. As in trading there will not same time always rise or fall but it keeps changing so this is the reason why I always suggest traders to stay in touch with the market never leave at panic

In any case, daily trading requires not only a lot of time to monitor the cryptocurrency market, but also to have certain experience and knowledge. Of course, I will not say that knowledge is not needed for long-term trade, but nevertheless, if there is confidence in certain projects, then all the risks may be minimal.

I think another very important thing that no one is saying here is exchange. I believe the exchange you choose to trade with us also very important. Cause if you choose the wrong exchange, you might end up experiencing some big problems in it.

So, I'd recommend exchanges like Coinbase, KuCoin, Binance, or Bitfinex. Next thing that matters is your source of information. I make use of Coinmarket in tracking crypto related events.