Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: zorchy on October 10, 2018, 05:07:38 PM
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I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance. ::)
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In my opinion, the long trade would make you more profit. But in small term you could to manage your money more free.
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I usually use dayly trade. Just 2-3 times for a week. It helps to watching the situation in the market and be ready to changes.
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In my opinion, for beginners it would be better to trade day. Although day trading has a little risk, it will help beginners to learn to analyze the altcoin market and also compare which coins will be chosen and potential.
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For you to be able to day trade and make a good profits you will need to have the knowledge of technical analysis TA and some fundamental analysis FA, in my opinion I will advise you to go for long term trading as there are a lot of profit in it
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Long trade + hodl always wins. But you have to choose good coins and buy them almost at their lowest. Then rest and watch :)
Day trade is risky, you can earn 9 times in a row but if you lost 1 time, you can lose a lot.
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I prefer to long term trade.I have some Ethereum and waves.I think Bitcoin, ethereum ,XRP,Tron, stellar, cardano,Nem, and nano are best for long term trade.because these are old and reliable coins.
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I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance. ::)
As a new you should make a short term investment. First you have to know about the market and market trends. It is strategical activities. If you invest without knowing the market strategy, you will loss your fund. For long trade, you need a larger fund, better knowledge and experience. So, firstly you should engage in a short trade with small amount of fund and gradually you will realize how should invest your fund.
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As a newcomer you need at least 1 year to study the general structure of markets and the specific nature of any product you might be interested in trading,
I suggest sticking mainly to demo trades and doing as few live trades as possible (or trading with extremely low cash value) until you have a deep understanding of the art and science of trading.
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for beginners, I recommend following the training first...
trading is not easy to learn without knowledge and experience, you will only lose all your money if you trade without basic knowledge, don't make trading like gambling.
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Daily trade for me has been proven and tested to me already for a couple of years now even up to the present.
Now long trade isn't bad also instead, it is good for the long term holdings for future savings just like bitcoin where I know
it has a big future and we all know that.
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Daily Trading is always profitable for me , I am Also full time trader on binance , for learn trading you should purchase some online course or may be you can learn about it on YouTube and blog's for free .
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Both daily trade and long trade is important. Daily trade gives small return but instant where long trade gives larger benefit but after long time. It also depends on the amount of fund you want to invest. For daily trade you need a larger fund. As a newbe you can start your trading with short trade and learn more about the market.
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Daily trading is the best way to make money in the crypto market becasue so many peoples will love to earn little but on daily basis and withdraw that. Daily trading is the best idea.
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Long-term investments are essential because in the future we can benefit greatly. But you have to invest in the right coin. I recommend investing in Bitcoin or Ethereum.
Speaking of short-term trading, it's what every day I do. I bought the coin at a cheap price and sold it when the price rises. However, if the coin that I bought did not climb of course the coin will I sell with the existing conditions. For beginners do not hesitate to invest or trade.
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Since your a Noob in the game, I prepare to be a day trader to minimize the risk of the market volatility because if you choose to long trade the risk is high but also the profitability is high also. for now, it is better to choose the day trader option and just continue to learn about the basic and advanced way how to trade a cryptocurrency.