Is the day trading profitable ?

[wxa7115]

Day trading is profitable only, if you are already knowledgeable and full of idea about it.
And you must ready to face the consequences if ever you make a mistakes while doing
in the actual trade platform, because on day trading your character as a trade will reflect in it
for sure once you implement this methods of earnings in crypto.

One of the main problems with day trading is that you need a huge level of skill to make it work, many newbies attracted by the promise of easy profits and also attracted by the fact that those that day trade and are good at it most likely will not have even a losing week think that they can do it as well not understanding that this is by far the most difficult way to trade, so if you are a newbie it is way better to start with long term trades.

Obviously this means that it will take you a long time to gain the necessary experience to become confident in your abilities and your system so you can become a day trader, but that is just the way it's supposed to be and when a newbie tries to skip this process most likely they will lose everything they have.

[serantepe]

Day trading is profitable only, if you are already knowledgeable and full of idea about it.
And you must ready to face the consequences if ever you make a mistakes while doing
in the actual trade platform, because on day trading your character as a trade will reflect in it
for sure once you implement this methods of earnings in crypto.

One of the main problems with day trading is that you need a huge level of skill to make it work, many newbies attracted by the promise of easy profits and also attracted by the fact that those that day trade and are good at it most likely will not have even a losing week think that they can do it as well not understanding that this is by far the most difficult way to trade, so if you are a newbie it is way better to start with long term trades.

Obviously this means that it will take you a long time to gain the necessary experience to become confident in your abilities and your system so you can become a day trader, but that is just the way it's supposed to be and when a newbie tries to skip this process most likely they will lose everything they have.

Yes, now it is very difficult to learn how to trade on the cryptocurrency market because the market is very unstable, it is much easier to trade on the market when the market goes up.

[Micerker]

You should research and choose the exchange you feel safest before trading. Choose trading form short-term or long -term, to suit your requirements. With short-term, you can earn about 1-5% per day depending on your investment options, but the risk of losses is higher than long-term. I recommend choosing Binance as an exchange to do trading since all altcoins listed on this exchange are highly stable.

[SARA ISLAM]

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?

Actually all kind of trading is profitable if your strategy is working well. My opinion is that you firstly need to test your strategy on the live market within a small balance.
For me day/short trading stressful, long trading take much time but low risky, mind it BTC Market so volatile.

[serantepe]

On which platform it is most convenient to trade daily? Who uses the Binance exchange?

[WickCrypto]

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?

First and foremost day trading is really profitable, but it needs hard work to achieve success in trading.
You need to learn everything in trading starting from the basic about it, chart reading, candle stick, buy and low system
and etc. In addition to that you should be patience, self-control and don't panic.

The essence of the strategy is to create short-term orders. For example, a trader buys 100 XRP at a price of $ 0.26. At the same time, it creates 10 orders - each with 10 XRPs. Within a few minutes, the price of an asset will increase for a short time, for example, to $ 0.32. The purchased coins will need to be sold immediately. The benefit, in this case, will be not big, however, when conducting such an operation with a large number of coins, the amount of income will also increase.

Can you explain why the price would increase for a short amount of time after you create those 10 orders? I understand that if you buy a 100 items with a MARKET order, through slippage you will drive up the price - but that will be difficult to make profitable as you need to be able to sell the coins again on the top price, whereas you just bought away all orders from those who were willing to sell.

Please elaborate!

[Linlee]

I also want to begin day trading too, I think I'm ready for all the bumpiness ahead.

[serantepe]

I also want to begin day trading too, I think I'm ready for all the bumpiness ahead.

That’s good. Are you planing trade with short positions or only with long?

[Wonder_woman]

Yes day trading is profitable for me that's the only way to have profit. Even its a little profit but it can help to my daily needs. But if you patiently monitor in trading you can save little by little in every trade. And its a big help for me to have savings to hold and wait for the price increase so that l can reach my dream price in the future.

[serantepe]

Yes day trading is profitable for me that's the only way to have profit. Even its a little profit but it can help to my daily needs. But if you patiently monitor in trading you can save little by little in every trade. And its a big help for me to have savings to hold and wait for the price increase so that l can reach my dream price in the future.

In what type of currency are you prefer to make savings after successful trade?

[Alice Nuttal]

Any way of trading is profitable, the matter is how experienced and skillful you are. Day trading is not that easy, you need to have a quick reaction, constantly monitor the market, know technical analysis and be able to read candlesticks, etc. But if you're prepared for that, pick a user-friendly exchange like CEX or its additional platform CEX.Broker, https://cexbro.com/. The exchange itself is quite comfortable and reliable, and you can start from simple trading and see if you can perform it in a profitable way.

[jhonjhon]

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?

Actually all kind of trading is profitable if your strategy is working well. My opinion is that you firstly need to test your strategy on the live market within a small balance.
For me day/short trading stressful, long trading take much time but low risky, mind it BTC Market so volatile.

That is the common problem of some traders, they have strategies but the question is if it is effective or not. This thing might have to clear for all traders, it is not all about knowledge and skills in trading but to have luck as well.

Yes,  trading is a risky thing and not for everyone. We can try this but the question is if can survive the stressful life.

[Bezobraznike]

Any way of trading is profitable, the matter is how experienced and skillful you are. Day trading is not that easy, you need to have a quick reaction, constantly monitor the market, know technical analysis and be able to read candlesticks, etc. But if you're prepared for that, pick a user-friendly exchange like CEX or its additional platform CEX.Broker, https://cexbro.com/. The exchange itself is quite comfortable and reliable, and you can start from simple trading and see if you can perform it in a profitable way.

   Statistics says that most of the day traders lose money, just handful of them make a profit. From comments on this forum, this statistic is accurate, I see more people who complain
than the ones who wrote about making profit.
   We have many good exchanges, user-friendly, many trading tipsters, but it looks like that does not help much. I advice people to invest in holding first, and after they finish with that
to try trading with some small amounts. Only like that you can feel comfortable, if you day-trade with your entire amount you will be nervous and afraid from losing that amount.

[voltesbit777]

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

[udidrone]

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

[Chiyoko]

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading,  day trading is good if you know when to buy and when it need to sell already.

[udidrone]

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading,  day trading is good if you know when to buy and when it need to sell already.

Some people maybe already face their coin get dumped very hard. What make it different is how they solve it. That is why i said technical analysis is very important. We can't always ask other people what should we do when we stuck in a coin. Because if only rely on something like that we will left behind.

[Chiyoko]

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading,  day trading is good if you know when to buy and when it need to sell already.

Some people maybe already face their coin get dumped very hard. What make it different is how they solve it. That is why i said technical analysis is very important. We can't always ask other people what should we do when we stuck in a coin. Because if only rely on something like that we will left behind.

Yes, if you have friends that you can have suggestions with trading this can be help for you they can guide you what should do and what things shouldn't do .  it will lessen your lost if someone will guide you before making a decision about trading.

[Dread Pirate Roberts]

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Depends on what coin we choose to use for trading. maybe in addition to the top 10 coins very possible price changes that are very far 'dumped' that is why before determining what coins you want to be the choice of coins for short trading, you need a little research about the news and also read a little market chart that is happening last week.

[TheUltraElite]

You can get more profit with more transactions, which takes an incredible amount of energy in the case of day trading. There is practically no time to analyze the situation. You need to be constantly concentrated and attentive, otherwise, day trading will bring only losses. Besides, you can earn only by conducting a large number of transactions. More deals - more commissions need to be given to the exchange. Thus, it is a risky business.

In day trading you need to have some bots running to give you information. Thats why developing skills will help the trader, or maybe a team of traders with developers running a day trading box jointly with their individual shares. The tough thing is that not everyday would be good for a buy/sell margin movement and thus they players are going to try more of jumpy altcoins and not everyday would be in their terms.

The advantage of long term holding and selling is that you would lose very little sleep over your money if you are confident in the asset you bought. I wont call trading a business. Its a method of making money by speculation separate from gambling.