I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
It depends how much time you can devote to trading. Normally day trading needs continuous approach to the market else you can skip many good setups. If you are targeting monthly return then it is good to go for short term trading instead of day trading. Short term trading stressless and have stronger setup as compared to lower time frame. Also trading crypto to fiat is better than crypto to crypto as per my personal opinion. Your decision of trading at localbitcoins is good provided you have good number of BTC traders in your country, you can directly get payment in local currency into your bank account.