Okay so I don't really have any idea which coin is which and which of those are good to trade and which are not.
Since I am currently enrolled in yobit campaign, I figured maybe I can do something profitable with the coins that I get from the campaign so I thought maybe I can start trading.
Do you guys recommend yobit in trading altcoins?
Also what coins do you guys suggest I trade? I want profits and not loses so any tips you guys can give me are really appreciated.
I think if you start trading at this time it is very dangerous, you can see that the market is fluctuating continuously and it is hard to guess, bitcoin prices are constantly adjusting and falling sharply in time. This has led to the price of altcoin dropping very deep. Therefore, if you want to trade at this time, there should be a specific trading plan to minimize the risk.
With standard trading strategy, crypto currency trader could make enough profit but the current market fluctuations doesnot stop any body from trading cause it does not meaning the trader will loose. However, the best trading strategy to apply in this current market situation is day trading.