Quote from: blue_nexus15 on January 15, 2018, 09:04:22 PM

Quote from: kit-kat on January 15, 2018, 08:52:54 PM

Day trading on cryptos seems a little bit more difficult to me than day trading currencies - on Forex, you can literally one-click buy/sell, whereas on the crypto exchanges you have to manually type in your prices/amounts? So if you needed those split-second reactions, it's not exactly going to work in your favour all the time, and the price must slip a bit too depending on how large the exchange is and the volume going through it.

Do any of you use a particular exchange for day-trading verses long-term? Long term I thought the best practice was to store coins in wallets off exchanges too?

Trade day requires you to have very good knowledge about the market and coin analysis, in order to get success you also need to invest quite a bit of time and money to capture it. I know the professional trader they do daily business and the profit they get is huge. The market is currently very stable so I think this will be a good time for investors to keep their coin instead of trading.

Market would never be stable. Volatility would be always there on which traders would able to make money on those kind of movements this is why we do love volatile prices. Day trading isnt really simple because as being said you would really require experience and skills before you do get the idea on how to execute day trades but before that you would really suffer losses for how many times but somehow you can able to learn it up as you do make trades along the way.