I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.
This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.
In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.