Post
Topic
Board Trading Discussion
Re: Can you make money day trading Bitcoin?
by
gabbie2010
on 25/12/2021, 15:22:39 UTC
You can make money even in just a matter of seconds but that would be risk and will be using a bit high leverage. But I think you were referring to day trading? Honestly it depends on how good you are at trading and analysis, some people could lose a lot even in day trading because of bad analysis.
This method of trading within the shortest period of time is referred to as scalping which requires a high degree of expertise and experience, it is no-go area for any newbie because it is highly risky and a newbie account can be liquidated, however we have experienced traders who earn decent profits day trading bitcoin with a very high leverage and earn profits, these category of traders understand candlestick patterns and Price Action very well and can almost predict price movement and knows where to take profit and place a stop loss.