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.
Agreed, for day trading the capital required is big compared to that of the long term trading. With day trading without good knowledge about the basics of trading it is impossible to get good profit out of the same. When it comes to long term trading, what needs to be considered is the growth chart, based on which we can open the buy order and sell once again based on the market price. Long term trading doesn't assure with big profiting as said above.