Post
Topic
Board Trading Discussion
Re: How to choose correct coin for Day Trading
by
Inkdatar
on 25/02/2020, 10:08:38 UTC
I am new to trading. But I know basics about how to buy, how to sell those. I have some experience too.

But I failed on choosing correct coin for which I do trading, where I get information about it. Which coin get good pumps, dumps today. Like those details is possible to known before.

Any one know pls share some tips for me.
In my opinion you can choose a coin that has a high 24-hour volume on an Exchange, my experience is that we can get quick profits by day trading with coins like that. If you trade on Binance then look at the top what coins have high volume, then choose it.
It is hard to predict which coins has a good dumps and pumps, usually I am also after of volume for day trading. Also on top altcoins in coinmarketcap which have a high potential on getting profit. We can never go wrong on choosing a coins if doing a research which to invest. When you are new on trading always do an analysis before investing and just invest to what you can afford to lose because of the volatility price of coins in the market.