Post
Topic
Board Trading Discussion
Re: what kind of trading will suit for me?
by
PuertoLibre
on 10/08/2019, 22:24:08 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?

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.
I think daily trading matches your characteristics, where with daily trading you will get money every day. and that way your income will be more than 20% every month. but I see you seem to have good knowledge about daily trading


20% per month is not a good aim as a monthly target for a day trader. Day trading requires to checks hourly charts frequently, it is stressful to repeat it in every crypto pairs. A smallish monthly target can reduce the stress level than forcing yourself.