Just like any other form of trading, to be a profitable Cryptocurrency trader, you need to first understand the essence of this market. Generally speaking, there are number of ways to profit from Cryptocurrency, while day trading is most likely the fastest one. This method involves speculating on the price of Cryptocurrencies, just like in Forex, and then buying and selling them throughout the course of the day to make a profit. Due to the increased volatility of this market, there are usually 2 possible outcomes: You can either make a lot of money or lose a lot of money.