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.
If you want to make money day trade will suit for you to do it mate, but first you need to have a knowledge in it before anything else.
It may give a chance to give profit most of the time but it also wreck you too in just one wrong move, therefore you need to be sure if you are going to do this dude, good luck.
Day trading is really not easy as normal trading, you will have to struggle and work allot to become a day trader, according to me it is much better to trade for long term, because it will save you from lose and it will give more chances of earning, as now a day price is not very high so I think day trading does not suit anyone in current market so I suggest long term trading.