Hi guys , Some of my friends are give me some ideas about Trading and Investing.
But i've some doubt which is better in that. What is the advantage and disadvantage? Because I want to focus on one at a time for generating source of income coz my funds are limited.
Can you give some of your useful ideas? I'm a begginer. I need some help. Thank you!
For me, trading and investing are one, you cannot do the other without the other, you cannot trade without something to trade with, so when you buy a coin or any cryptocurrency then that is considered as investing right?, then once you got some coins in your accounts, you need to trade those coins in your current local currency in order for you to really use your earnings, so in my opinion, investing and trading is counted as one.
no they are totally different. Trading is different from investing because in trading you trade the coins but in investing you buy the coin and hold it. but you also got some point because you cannot also trade without having the coins needed therfor you must first buy and hold the coin and wait for the perfect time in order to trade it. yet i guess trading is more profitable because you can be able do it day by day and you can always cycle your coins unlike to investing that your profit will only depend on the price of the coin.