Cryptocurrency Day Trading: How to Get Started & How to Win

[traderethereum]

That is what a trader needs to face. It is hard to read indicators, but I think we don't have to try to learn so many indicators because not all indicators can work.
Maybe we can learn one or two indicators, but we can master all of the things that will be necessary to read the indicator.
It needs time before we can master the lesson, but it is worth doing because with having skills in the indicators, that can give us time to search the sign to enter the market.
By keep learning about trading, who knows we can do a day trading, which will be difficult if we don't have enough skills to analyze and see when the time we can buy or sell.

By watching indicators, do you mean staying glued to live charts on exchanges? Or asking experienced traders?

As far as I know, there are traders making a significant amount of profit from trading on a daily basis but wouldn't want to reveal the secret behind their success to their fellow traders.

I don't know the reason behind their hoarding of such important information though.

By watching indicators, you can try to draw and analyze the coin moves, so you can know and predict where the price will be, and if there is a good time for you to do something, you will know what you need to do.
Asking experienced traders will be fine, but you still need to search for more signs and analyze by yourself, so that can help you to know more about the market.
Yes, I believe that some traders are making a big profit from trading, and that is because they can analyze better than the other traders.
They don't want to share some important news with others because they want to take the benefit alone.

[1715478794]

1715478794

[FanEagle]

I personally think that everyone's path is different, everyone's mindset is different. Some people came in too early, made just enough money and left, some people made even more money, some people got in a lot later, and made just enough money or maybe they all lost money. There is a million type of people and there is a million ways to get into bitcoin, not all of them are the same and this is why I think that "how to" stuff in bitcoin world are not that reasonable.

I would rather deal with my own version of success and create a path for that individually that suits me the best, that way I do not have to follow anyone else and can do it however I please and how I like. Of course, this doesn't mean I can't take lessons from others experiences, but I could use it to shape my own version.

[MCobian]

I love the articles shared in the opening post, this is very helpful for newbies who want to make money from day trading. And can open
minds of people who fail when trying day trading, because of the fact it is not easy to make money from day trading. It takes a lot of
knowledge and strategies to succeed in becoming successful on day trading. And we can get all of that from that article in the opening post.

[rodskee]

I love the articles shared in the opening post, this is very helpful for newbies who want to make money from day trading. And can open
minds of people who fail when trying day trading, because of the fact it is not easy to make money from day trading. It takes a lot of
knowledge and strategies to succeed in becoming successful on day trading. And we can get all of that from that article in the opening post.

It is, if newcomers will find time to read and understand what inside that article then they'll
be able to get a good guide before performing.
Placing your entry comes from how you really understand the market sentiments, if you are
fully equipped by knowledge.
The anticipation rate is much higher, you can go in any directions and gained decent profits
from each buy and sell that you performed.
Keep in mind that getting to know the process is really important when you are still building
your trading skills.
There are many adjustment and many trials and errors in order to create a successful strategy.

[maydna]

Keep in mind that getting to know the process is really important when you are still building
your trading skills.
There are many adjustment and many trials and errors in order to create a successful strategy.

Yes, the process will lead you to understand what you learn to improve your trading skills. Not just by that, the process will allow you to know how to trade better, and if you can learn more about trading, I am sure that you can prevent the big risk.

The process itself will always continue if you do day trading, so no matter if you lose or make a profit in trading, you should not have to feel sad or too confident because if you are not careful, you will get another loss without making a profit.

[mersal]

Day trading is highly profitable so it have more risks than short or mid term trading.Basically not much people got success while doing day trading for longer time so change your plans accordingly and don't try too hard to make profits when the market is not in the favour.Nice article though which miggt really helps for newbies who wanted to learn about cryptos and tools needed.

[tbterryboy]

Those risks would be the only thing that they are basically facing when day trading, nothing else is negative. So, if you learn how to do day trading and face off against the common challenges of it, there won't be anything they wouldn't know, it is all pretty easy to understand the concept.

Not saying day trading is easy, that is definitely wrong and day trading is definitely a risky and difficult thing, however the easy part is to understand and to learn WHAT part of it is difficult part and where they will have difficulties. So, I would definitely say that day traders know what they are getting into, just a month of studying would give you anything you want to know about it and after that it is just experience and experience is quite important in day trading.

[dunfida]

Those risks would be the only thing that they are basically facing when day trading, nothing else is negative. So, if you learn how to do day trading and face off against the common challenges of it, there won't be anything they wouldn't know, it is all pretty easy to understand the concept.

Not saying day trading is easy, that is definitely wrong and day trading is definitely a risky and difficult thing, however the easy part is to understand and to learn WHAT part of it is difficult part and where they will have difficulties. So, I would definitely say that day traders know what they are getting into, just a month of studying would give you anything you want to know about it and after that it is just experience and experience is quite important in day trading.

When it comes on getting the basics then it doesnt really goes up for a month but you would able to learn it on much lesser period of time.The thing here is that executing yourself
in the market neither you would get in or get out is the hardest part since this is accompanied with emotions which would make the decision even more harder.
Experience is indeed the learning steps to improve out yourself towards it because if you do just focus up on theories without having the actual trade of into the market
then it would be just pretty useless.

[Ryker1]

Day trading is highly profitable so it have more risks than short or mid term trading.Basically not much people got success while doing day trading for longer time so change your plans accordingly and don't try too hard to make profits when the market is not in the favour.Nice article though which miggt really helps for newbies who wanted to learn about cryptos and tools needed.

Well, I hate this day trading, indeed. It seems like you are very greedy of seeking profit, you did not know that this is very crucial that perhaps your money will wipe out quickly and you perhaps end up debt as well. These kinds of strategies demand using the leverage of borrowed money to make profits, what if you did not make it? Just like you have been hit with a double edge sword.
Indeed, the article was content was very useful but on my part, I don't like day trading. You can trade normally to avoid too much headache.

[Yamifoud]

The article is really helpful and this is very important to read before getting started. Why many traders suffered failure? It actually not because they don't have enough knowledge and skill but because of their greediness putting into the edge trying to catch all possible profit they want. It outplays their strategy and getting into a big mistake which supposedly it should not be happening.

Anyways, this is the life of a trader, sometimes we got a win, and sometimes also we lose. Things that can't be changed but rather to accept reality. One thing we have to change is never to rush.

[adamistraybar]

nice article but i was mostly a promo for your site, but still it was a good enough read to make it worth it

[Ulven]

The strategy adopted in daily deals varied from person to person, There are those who make acceptable profits daily due to their correct evaluation of patterns, And do not forget that there are many people who are always subject to losses due to their inability to correctly identify patterns.!!
It is a good idea to read various articles, including issues related to cryptocurrency trading, which will help develop the skill of entering into profitable trades in the long and short terms.!!!

[btc78]

Before trading, you would like to understand about trades and learn trading techniques I also usually trade crypto and you're right there are many traders who jump for day trading as they are available to form more profit in greed then they're more at a loss. Therefore first you would like to understand about crypto you've got to find out the techniques of trading whether it's adieu trading or futures trading the higher the talents the lower the danger.

Dont worry those Greed that jump into day trading because they hear about the huge profit they might
get is surely quitter by now,and some of them are blaming the market because of their own stupidity and greediness.
I have some friends that do the same and now they learn lessons and starts Holding and know what?They
have already jackpot buying last march 13 and now almost doubled their investments.
and along that they are not stopping there instead continue the Holding and waiting for the bull to come,
at least their effort is gaining now.

[bearexin]

(...)
There are so much to consider like risk management plan, stop loss, etc.

I agree with this. Risk management is very important in trading.
A newbie should also learn this part, like after they learned the basics of trading, like how to use the charts, some basic indicators, basic candlesticks of the chart, they must learn risk management part like placing a stop loss per trade or the risk: reward ration.

Agreed but risk management is something people learn from equity/bankroll management because as a trader you must understand that you are no going all-in with just one particular trade and that's how gamblers are separated from traders actually.

I think risk management is simply the ability to understand the negatives if a trades goes against you and what are the backups you have to dissolve the loss and take minimal effort to recover it, one way to do is stop loss and this works fine in crypto trading as you can just put stop loss for altcoins.

Coming back to day trading you don't have to worry much because you are going to buy and sell BTC in the same day and it won't be dropped by too much anyways so day trading doesn't need high level of risk management.

[tbterryboy]

The strategy adopted in daily deals varied from person to person, There are those who make acceptable profits daily due to their correct evaluation of patterns, And do not forget that there are many people who are always subject to losses due to their inability to correctly identify patterns.!!

To be very honest no one can actually predict the daily patterns no matter what they claim and how expert they believe they are, it all comes down to long term analysis and yes that is possible to be predicted by looking at the developments and events like halving.

It is a good idea to read various articles, including issues related to cryptocurrency trading, which will help develop the skill of entering into profitable trades in the long and short terms.!!!

No articles have ever helped me getting knowledge about how to predict daily market and yes I have seen a few signals groups but they are nothing but idiots sending over confident signals and expecting money in return.

I have a little suggestion for you if you don't mind please avoid using the excessive (!) marks in the replies, it makes even a decent reply look aggressive.

[Lanatsa]

Before trading, you would like to understand about trades and learn trading techniques I also usually trade crypto and you're right there are many traders who jump for day trading as they are available to form more profit in greed then they're more at a loss. Therefore first you would like to understand about crypto you've got to find out the techniques of trading whether it's adieu trading or futures trading the higher the talents the lower the danger.

Dont worry those Greed that jump into day trading because they hear about the huge profit they might
get is surely quitter by now,and some of them are blaming the market because of their own stupidity and greediness.
I have some friends that do the same and now they learn lessons and starts Holding and know what?They
have already jackpot buying last march 13 and now almost doubled their investments.
and along that they are not stopping there instead continue the Holding and waiting for the bull to come,
at least their effort is gaining now.

You wouldnt learn if you dont experience something disastrous when it comes to loss of money.Most of them quit but there are some who do withstand

and come back a little bit smarter.For hodling then you can earn but if you do want to have some sort of experience on dealing with the market with shorter trades

then you can but this is way more riskier but somewhat more fulfilling or rewarding when it comes to profit making aspects.

[daneal stev]

I have read this article and I consider that it is detailed and contains important information and it is very useful for everyone, especially for beginners and for this reason I translated it and participated in one of the local departments and frankly, the biggest reason for people losing within the trading field is due to their entry to this field without any experience or learning where their goal is The only thing is to earn money and get rich only

[Ridwan Fauzi]

I haven't heard about coygo tool for trading but at least I have to thank to you for this I'll watch more later. Most of my coin I often to trade is bitcoin and some altcoin which have a good fundamental factor like now ADA and vechain. The price movement is volatile so I can make a profit to buy and sell in the short term pariode.

Also, I never leave a trend line for every my day trade. I think that is more important instead of MA, bollinger band and etc because through trend line strategy we can know the support and resistence even the strong support and resistance which I think the strong support and resistence are good place for entry. When price broke (un or down) the strong support and resistence and you are entry in that level I bet you will get profit.

[Neconic]

Day trading is not easy at all. If you are planning to introduce technical analysis from FX markets, than you need to be very careful as crypto market does not follow the same rules as Forex. It is better to test your skills first on demo account.

[Naida_BR]

There are so many guides on the internet in order to understand what is day trading.
However, theory is not always enough.
You have to see in practice and sometimes loosing money or making wrong decisions are necessary in order to master your trading strategy.