Post
Topic
Board Trading Discussion
Re: Trading is unpredictable job.
by
rickadone
on 15/06/2017, 12:39:11 UTC
If you are talking about crypto trading yes it is unpredictable, no limits up/down , you may end up broke, thats why if you want to trade every single day you have to read first everything about the coin you wanna play with, then read the charts and try to find some info about a possible price rise or fall
Well you dont have to panic , so this means you have to trade with what you afford to lose, if not ...you cant avoid it!
my conclusion is if you dont have the time to watching the markets/news 24/7 and you dont have a group to discuss and do some co-work, then you gonna need a bot save your from a down trend and limit your loss,

P.S trade bot is another story (how to set it up) and be trusthworthy with your folio!

There are no price movement every day for altcoins. if there is its just cents which may not affect much unless you have hundreds of thousands for decent profit.
you'd rather go forex or stock market if you wanna do it everyday and treat it like its your business.

Wrong. Some crypto trading experts called it the wild west. Because it triggers and changes more than that well manipulated and bank controlled forex trade. If you have less money then crypto also fits best. In forex either you gotta need high orders or you got to have high balance for you to get significant gains.
Yes this is true the cryptocurrency is the best for those with a low budget capital, the forex is quite a big game to play there you will hardly find someone with a low budget and if there will be any they will not be earning as much as the people in the crypto are earning.

Not specifically the bitcoin but there are many alts with the potential to give you quite good return on a low capital.