Post
Topic
Board Trading Discussion
Re: Day Trading
by
zhekinsp
on 20/05/2019, 22:14:51 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!
my opinion is day trading is not an easy job to do that is the thing most of the people fail in this job otherwise it got the huge opportunity to got profit every time that you are doing but it needs to be more alert in all the time and you need to interested about that especially in money making then only it will suitable for you