Quote from: tbterryboy on November 15, 2019, 06:25:58 PM

Quote from: Jellachrist on October 30, 2019, 12:15:20 AM

I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Short term trading can be really exciting, but it carries a lot of risks when compared to long term holding. It's your choice, and short term trade requires a lot of paperwork and most people can't do that. There are people who prefer the long term holding because they wouldn't have to stress themselves a lot and also they will be able to reduce tax rates. Long term holding will benefit you more when there Is a bull run, but apart from that, short term trade has potential for big gains.

There is no right one to choose, it all depends on you. If you can take the heavy risks that are involved in day trading, then you can go ahead with it, at least you can make lots of profit (and lose money as well when you put the wrong choice). Long term holding doesn't have much work, so make your choice , but do your research first.

In my opinion, short term trading is less risky than long term trading because in fact, if you know exactly what is happening with the market, you will greatly reduce the big risks. I think long term investments usually don't have a specific time and we are always in a state of anxiety so this year not many investors are making a profit this way. If you know how to analyze the market and come up with a good strategy, it will be very easy for you to make profit because the bear market is help us to buy a lot of cheap coins.