Post
Topic
Board Trading Discussion
Re: what kind of trading will suit for me?
by
annango
on 23/04/2019, 14:21:22 UTC
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?
I think you should get to learn the both if them and understand how they work before you start. I usually go through Medium in search of meaningful articles to read and learn more about crypto trading. Short term trading is really good and you can make good profit from trading short term, but one thing you should also know is that short term trade carries more risk than long term trade and is difficult for noobs.

So, you will have to learn it before you start. That’s why I said you should read articles about trading before you proceed with it, it is going to help you a lot to understand the differences and know which exchanged is best to use and how to trade coins perfectly. Crypto to crypto is a good choice to go with.
That's right!. You should make some research to both kinds of trading you've mentioned. We are not in your real situation, even we don't know how truth skill your passionation you had. You yourself know what you are having at this moment. Probably, you should take time to try both of them foremost, then making a decision afterwards. To have a try is better fit your problem reasonably. Trading is considered a difficult work, but if you are much fond of it and proficient at it, you can reach a large fruits. For me, you should choose day trading foremost.