Post
Topic
Board Altcoin Discussion
Re: How about day trading Eth?
by
Gvent
on 18/11/2020, 22:38:08 UTC
Without strategy and analytical skills, I think the opportunities to profit from trading are very slim and rely solely on luck. Trading in my opinion is high risk if we don't understand the price movements but if we can read the price movements, I think daily trading is very profitable
All things will get maximum results if we are able to implement the right strategy. For beginners, day trading is quite complicated, it requires in-depth analysis to determine the right team to enter and exit the market. Not to mention when unexpected movements occur, anticipation is needed. It also takes experience and mentality in dealing with difficult situations. Don't rush, keep practicing and if possible learn from the experts.
Well, ETH and BTC are the favorites of my most active trading friends. Especially if there are rumors or good news, the price movement is most prominent.

Ethereum is a popular coin and there is always a demand for it
it is very good for beginners to learn to trade on it
the point is that if the price drops today, then it may rise tomorrow, or vice versa
if a newbie bought a coin at an inflated price
 then he just needs to wait for the price tag to return to the same point
Ethereum's price will not drop to zero, as happens with some tokens