Quote from: Daimon88 on November 01, 2017, 11:53:07 AM

Quote from: Osarman on October 28, 2017, 08:32:02 PM

Quote from: malikusama on October 27, 2017, 10:42:10 AM

Don't do day trading if you don't have any knowledge or some experience, BTW the main thing is to just stay focus on the market of your coin and be active, day trading is too fast and risky so may you loose the opportunity to earn if you are not attentive.

There are so many things which you need to take care and that too in a well manner if you really want to go for day trading. Day trading is quite a different kind of things and it needs you to remain active and vigilant throughout the time. One wrong decision can result in huge loss of money. So it all depends on how good you are at managing the things and making decisions in short span of time.

In my opinion the first rule of daily trading is the profit margins of that day. I mean if you trade something and you observer the market value of that particular thing then you will make your trading more easy and profitable because if the profit margin is very low or even zero then there is no need to trade something on that day.

For example gold because the price of the gold vary every day and the gold traders should keep the price first before trading in that day.

I believe the very first rule that applies to trading cryptocurrencies online is mostly invest what you can afford to lose, and that rule does not mean you will lose your money, its just to remind you that trading is risky and that youre likely to lose your money. Cryptocurrency trading is not an easy task to do, its quite difficult and not everyone can jump into it or you will end up losing your money.

You have to go through some.series of training before you can become very perfect in trading, but this doesnt mean that being a professionals makes you an exception, rather it reduces the risk.