Post
Topic
Board Trading Discussion
Re: Day Trading
by
bonker
on 02/03/2019, 00:01:01 UTC
95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
Day trading is not much had as you were thinking,just keep the things simple we need to make money and keep doing this continuously just by buying cryptos at less price and sell for higher prices and with the volatile market it is possible to make profits with all the coins but for making more profits need to pick the trending coin and the make movements based on the indicators you were using.