Quote from: yvesp110 on October 31, 2019, 02:22:51 PM

Quote from: karanggatak on October 29, 2019, 06:41:44 AM

Quote from: Bushrat Jahan on October 09, 2018, 05:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

I think, all choices depend on your daily schedule. if if you have a lot of free time every day, I think daily trading is suitable for you to do. but if every day your time is too busy with other jobs, I think long-term trading is right for you. But before you decide on these two strategies, you must learn the basics of crypto trading. You can also ask various suggestions to friends in this forum, if there is something you need to know later.

Whatever kind of trading you want to do, definitely you have to consider your daily routine along with few other factors such as your control over emotions, your investment, knowledge about market and exchanges. These matter a lot in the field of trading. Day trading is hectic but you have constant source of income from it whereas long term takes time but generate huge profits.

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.