| howtocryptotrad's Forum Info |
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| Additional Info About howtocryptotrad |
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The highly volatile, highly changeable nature of crypto means that any general pronouncements of ‘best’ and ‘worst’ are likely to be outdated within a few months. However, a simple way to decide whether a given cryptocurrency is a good day trading candidate is to find out whether it has high liquidity lots of fiat currency associated with it, often expressed as ‘market cap and high trading volume lots of people trading it. Generally, these numbers should both be in the region of several hundred million USD or more. The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your personality, let’s dive in and get through a step-by-step guide on how to day trade cryptocurrency. All of these are viable trading strategies, but it’s up to you to decide which is the best for you and your lifestyle. What is your bankroll? Do you have time to sit at the computer for hours each day making trades, or would you rather only check in once in a while? The best traders are the ones who are honest with themselves about what they’re capable of and what type of day-to-day experience they’d like in an ideal scenario. |
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