Quote from: benalexis12 on June 22, 2024, 03:24:22 PM

Quote from: Cryptmuster on June 22, 2024, 08:12:33 AM

Quote from: d3nz on June 22, 2024, 06:07:13 AM

Actually, having a trading knowledge is cool but it really depends on the skills and experience. That's why it's really hard just to rely on your trading knowledge but if you don't have the experience then you will just lose your money.

And traders will be profitable if they are earning $100+ a day if they are doing future trading, and on spot trader it would be $500 - 1000 a month

It is very difficult to calculate the trader’s profit for the period, if this is medium -term trade, then you should forget about such concepts as earnings in a month. Long -term or medium -term transactions can last months, and you have no guarantees that they will be profitable. Only after the closing of transactions, you can calculate the profit, and if you want to divide it by the number of months, to understand what average profit you received in a month. In trading, making money is not easy, and this requires a lot of practice and experience.

It's really hard to make a profit in times like this where the market doesn't move much, especially if you're spot-based. Although if you base your profit on futures trading, the price of bitcoin is not that volatile. But you should always have an understanding of futures trading.

And if you ever do the futures trade, don't ever try to trade in other crypto's; instead, just focus on BTCUSDT so that you are at least safe, but on the spot instead of trading, hold and DCA, that's my advice.

I am getting confused what actually you mean. I think you may be suggesting to do spot trading. Remember everything is risky when you are doing trade though it's spot, future,DCA. However, Despite of risk many professional trader earning from this crypto market. We can also earn from here but what we need to do, We need to be expert on this by Learning and seeking knowledge from everywhere we get. That's how we can get a good profit on any kind of trading what we wanna do.