Is the day trading profitable ?

[HarmonyA]

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

It is profitable if you can apply the principles properly. You should devote your time to it, by so, you will be able to monitor the various factors that influences it which will enable you place your buy and sell margins effectively.
I am a day trader, so I am advising out of experience,  I must say again that it is lucrative but there are loses too which do not have much significance if you are well informed about the market.

[hahay]

Judging because it is happening on the cryptocurrency market, I assume that many traders refuse daily trading in the volumes with which they worked in past years.  The situation is really unpredictable and therefore the risks are increasing.  Several of my friends generally transferred their assets to more stable cryptocurrencies in order to protect themselves from losses.

When prices are more stable then of course it's not right to make it a day trading, because day trading itself will at least work well when prices can move up and down in a fast time but indeed, the percentage of profit is not much but it's better because that way we will make profits slowly every time whenever it is.

[MRY]

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

[coin_1122]

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

[Shimmiry]

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

Trading is one of the most common transaction today there are many users are exchange their money and gain profit by doing it. In trading we have two way of earning first is the long term trading, this method takes a long time before you earn and the coun suit for this transaction is the bitcoin because before the price change it takes a lot of time to earn, but also bitcoin is the most profitable coin too. Still, it would help if you waited for a long months or year before you get your earning next is the short term trading this is the process you can make money every day, but bitcoin is not suitable for this it is ideal for altcoins because those coins are volatile too but does not change too much unlike the bitcoin, those methods are both profitable it's your choice.

[huige007]

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

Altcoins are always chosen by investors for short term or day trading since they fluctuate in prices easily and that too within days. Bitcoin is a mighty coin which does not fluctuate in price within days or weeks; rather it takes months and years. We all know that there are two types of investments but what matters is which type is your type. Often people go wrong here and this is where their downfall starts.

[doomloop]

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

The thing is since bitcoin is down, whole market will stay down and this is not happening for the first time. I believe that prices are going to move upwards when halving will occur and that is expected by the mid of 2020. Right now the best thing is to simply buy potential coins and keep them in wallet until and unless market does not turn green again. There is no need to sell any potential coin in disappointment.

[lina2018]

my personal opinion is yes, trading is profitable if you can analysis the market properly

[drachman]

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

Which is why I have chosen long term trading as my favourite way to trade the markets, without a doubt there are day traders out there that can make a lot more money than what I have made with my system, but to me that doesn't matter because the profits that I can generate come from only watching the markets each day a few minutes while the profits that they generate come from watching the markets almost obsessively every single day with no rest and that is something that I do not want to do.

[d3nz]

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

Altcoins are always chosen by investors for short term or day trading since they fluctuate in prices easily and that too within days. Bitcoin is a mighty coin which does not fluctuate in price within days or weeks; rather it takes months and years. We all know that there are two types of investments but what matters is which type is your type. Often people go wrong here and this is where their downfall starts.

I preferred trading altcoins that has big volume within 24hours and also bitcoin. I don't want to mention an altcoin that is really good for doing a day trade because it is very complicated and i don't want to blame by someone that pick that what i have suggested.

And I think that day trading is really good for making a profit if you really want to take a risk, making profit of long term trading is really good but it will takes time and you really need to wait.