Quote from: Lonego104 on February 24, 2018, 12:35:34 PM

Quote from: godsavethebitcoin on February 21, 2018, 10:15:07 PM

Quote from: firmancarok on February 21, 2018, 07:26:55 PM

For example, Day Trading involves conducting multiple trades throughout the day, and trying to profit from short-term price movements. Day traders spend a lot of time staring at computer screens, and at the end of the day, they usually just close all of their trades.

Scalping is a day-trading strategy that a lot of people are talking about. Scalping attempts to make substantial profits on small price changes, and its often referred to as picking up pennies in front of a steamroller.

scalping focuses on extremely short-term trading, and its based on the idea that making small profits repeatedly limits risks and creates advantages for traders. Scalpers can make dozensor even hundredsof trades in one day.

Meanwhile,Swing Trading tries to take advantage of the natural swing of the price cycles. Swing traders try to spot the beginning of a specific price movement, and enter the trade. Then they hold on until the movement dies out, and take the profit. They try to see the big picture without constantly monitoring their computer screen. Swing traders can open a trading position, and hold it open for weeks (or months), until they reach the desired result.

So now that you know what trading is, how is it actually accomplished? How can someone predict what Bitcoin will do?

The short answer is that no one can really predict what will happen to the price of Bitcoin. However, some traders have identified certain patterns, methods, and rules that allow them to make a profit in the long run. No one exclusively makes profitable trades, but heres the idea: At the end of the day, you should still see a positive balance, even though you suffered some losses along the way.

Scalping
Scalpers hold their positions from a few seconds to a few minutes. The main goal of this trading style is to "steal" a small amount from the market in a short time frame. Technical analysts focus on low time-frame charts, such as 1-minute or 5-minute charts. Fundamental traders usually focus on the value of the crypto compared to its price. Scalping is referred to as a double edge sword technique because you can make money in a few seconds but you can also lose money in a few seconds. Since scalpers are aiming for small and quick profits, one of the main obstacles is represented by the fees that you need to pay to your Exchange. Fees, in fact, have a huge impact on a scalper's trade.

Day-trading
If you are a day trader, you can keep your positions for a few minutes or for a few hours, but usually you close all your trades by the end of the day.
Technicians usually focus 15-minute and 1-hour charts to spot any kind of minor trend.

Swing trading
Swing traders hold their trades for days or even weeks. You need to have a deep understanding of minor trends and mid-term trends to be a profitable swing trader. 4-hour and 1-day charts are the most popular among swing traders.

Position trading
This is the style that best describes an investor rather than a trader. A position trader tries to invest in cryptocurrencies that can give good returns in the long period. Technicians usually focus on daily and weekly charts, while fundamental traders analyze qualitative factors to try to understand the intrinsic value of the altcoin. Also, the analysis include the study of quantitative factors such as market cap, circulating supply, max supply and volume of transactions.

I have summarized a lecture of my course on crypto trading, hope this can add value to your free guide Wink

Nice post OP, now I know what kind of trader am I. I categorize myself as swing trader. But sometimes I down grade myself to position trader most especially if my trade didnt go well and go down to what I am predicting to go up.

You should always have a strategy to get out of your investment if things don't go in a favorable direction. Never ever think "ok, it's down, but I can keep it until it goes up again".