Quote from: onyek16M on December 21, 2019, 06:34:28 PM

Quote from: Omega Weapon on December 21, 2019, 02:47:42 AM

Quote from: fullhdpixel on December 17, 2019, 12:37:20 PM

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

Hello everyone, 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.

I will always advise anyone to go for a long term trading. Long term trading is what we all call HODL (an abbreviation for - Hold on for dear life). When it comes to Hodl, what you do is to invest your money and then you wait for a long time, probably months for the price to go up. When it goes up you can then sell it for the current price and make a profit.

Before you go for a long term investment it's best that you do a proper research and invest at the right time when the price is low and after you have invested you can then wait for the price to go up. If you're lucky you might invest and within a week the bull run will start and you make a profit within a short term.

Which is as it should be, at the beginning everyone should begin as a long term trader then as you gain experience, knowledge and even more importantly a lot of money then you can become a day trader, but that transition should take a long time and yet that is not what we see, newbies excited over the profits that they can get want to become day traders almost immediately not understanding the risks and the huge levels of stress that they have to endure and they lose whatever capital they had in a matter of months

agree with you. long term is good choice and can make profit because cryptocurrency is best invesment but it will different if you are full time trader, maybe as a full time trader choose short term or daily trading is also good because full time trader need to buy their daily needs. so for me as a full time trader and investor i choose both

Deciding to become a full time trader is not a decision that should be taken lightly, many times I see people asking if they can become a full time traders but that is not how that works, at first you need to begin as a part time trader and only once you have proven to yourself that you can make money in the markets then you can consider to take the option of becoming a full time trader, if you do not do it that way and you decide to trade full time before being ready you could lose all your money in the markets while being unemployed as well which is a terrible combination.