Post
Topic
Board Trading Discussion
Re: Why choose LONG-TERM TRADING?
by
CybereyesWinger
on 01/08/2018, 06:13:52 UTC
Trading is indeed difficult to do.
Long term tradingmay take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".
Long-term trading is good for those who:
  • want to invest
  • has a job that requires at least 8 hours a day
  • want to earn extra income
  • non professional traders or beginners

But of course you will have to consider these things before investing:
  • invest money that does not limit your ability to meet other financial needs
  • should be willing to lose some
  • higher investment, more risky and higher potential of loses and/or rewards

These are the benefits of long-term trading according Anne Chapman (2015):
  • You are not required to find new opportunities every time. Just hold on the coins you believe has a potential. Do not bother yourself with other cryptocurrency focus on your work and family.
  • You have more time to plan and study the charts for analysis of trend
  • You only need to employ simple techniques.
   First, identify major areas of support/resistance (does a trend have room to develop?
    Second, look for chart/candlestick patterns (do they reinforce a trend continuation?)
    Finally, look for a logical and high probability point of entry and manage the trade
  • You will experience less stress since you do not have to monitor the charts, price, trend etc. every time.
  • You only have to work less. Check your coin in a month or weekly basis, etc
Quote



   
Very important! Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future.