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Author Topic: How do I start day trading?  (Read 2586 times)

Offline sergio444

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How do I start day trading?
« on: May 27, 2018, 11:59:46 PM »
Being a hunter alone does not insight me much in the crypto world. The annoying instability of the bitcoin and ethereum is also making long investment trading boring. I now want to enter into day trading. Is the market good enough? How do I start?

Offline cryptolove

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Re: How do I start day trading?
« Reply #1 on: May 31, 2018, 06:46:02 PM »
begin with a natural breakfast !

Offline akosuananakem

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Re: How do I start day trading?
« Reply #2 on: June 01, 2018, 01:15:45 AM »
You need to read more and learn more to understand the trading mechanism, don't rush unless you want to make losses

Offline kemswag

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Re: How do I start day trading?
« Reply #3 on: June 02, 2018, 02:06:49 PM »
Reading is key in the world of Crypto, before you begin trading you need to understand how the market operates in order to prevent loses.

Offline Ambition

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Re: How do I start day trading?
« Reply #4 on: June 14, 2018, 12:15:42 AM »
Apart from reading, you should get an experienced hand to help you if you are entirely new at trading. The most important lesson is that never be greedy. "Overtrading" has caused the downfall of many day traders.

Offline Babybtchunter02

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Re: How do I start day trading?
« Reply #5 on: July 08, 2018, 12:49:09 PM »
Think possitive when start trading, Don't be greedy.
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Offline Gwapoman

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Re: How do I start day trading?
« Reply #6 on: July 19, 2018, 09:44:54 AM »
Hi good day,here are my suggestions how to start your trading career,

1st you need to have capital,you can start using your own money or as a bounty hunter use the rewards the you get from the bounty campaign to start trading.

2nd register on an crypto exchange platform.If you are gonna use your own money as capital choose the best exchange out there that have high volume of trading with high level of security.But if your gonna use your rewards from bounty you don't have any choice but to use the exchange where your bounty token is available for trading.

3rd learn the basics,learn how to execute a trade(buy&sell).study how it works.

4th
A. Analyze the market.Making a good entry in the market is one of hardest part in trading ,entering the market without basic information about the current market status could lead to a very huge loss especially to a new trader..
B. Taking Profits.If your analysis/prediction favours you,set a certain percentage when to sell your assets.Market won't go up forever so being greedy is really not a good thing when doing trading.Exit the market Take profits then repeat step 4.

5th As a crypto trader,i suggest you focus increasing your coins/tokens quantity rather it's value in fiat money.

Trading and sharing ideas with other traders would also help you gain knowledge and new strategies that might work for you in the future.so keep exploring and always continue learning.
Hope this would help you in anyways when you start your trading career.Goodluck

Offline Miguel

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Re: How do I start day trading?
« Reply #7 on: July 24, 2018, 10:27:11 AM »
You must know when to buy and when to sell in crypto world which, can happen by means of researching into the marketcap to avoid losses.

Offline Webberson

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Re: How do I start day trading?
« Reply #8 on: July 25, 2018, 06:27:58 PM »
Starting day trading requires having the fundamental knowledge of trading, along side knowing how not to trade with emotions and applying risk management in trading.

Offline Gwapoman

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Re: How do I start day trading?
« Reply #9 on: October 11, 2018, 05:06:48 PM »
learn the basics then create a trading account ,deposit cryptocurrencies and experience trading! reading would help but experiencing how to buy and sell is more important.mistakes are normal in trading  so just learn from it . trading is a never ending subject. You need to learn from it day by day, research new strategies ,share ideas with other traders are some of the things you can do . set goals - analyze the market - take profit or stop loss.

Offline ryap12

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Re: How do I start day trading?
« Reply #10 on: October 31, 2018, 05:23:03 AM »
I suggest to focus only on 3-5 altcoins for starters. Some of my suggestions are Hoqu (HQX), Lina (LINA) and DIGITEX FUTURES (DGTX) as these are with high trading volume.

Offline donchard

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Re: How do I start day trading?
« Reply #11 on: October 31, 2018, 07:35:16 AM »
go to coinmarketcap and look for exchanges search the pair you want to tarde and look for exchanges that have them

Offline xela17

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Re: How do I start day trading?
« Reply #12 on: October 31, 2018, 11:20:39 PM »
Open an account and study the market

Offline The Journalist

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Re: How do I start day trading?
« Reply #13 on: November 29, 2018, 04:08:56 AM »
Open an account and study the market
A demo account you meant, right?

Anyway, in addition to opening a demo account for practice, the OP should acquire a skill set for the business of trading. Secondly, take a grip of his emotions while following his strategy and thirdly rely on his skill set.

Offline jaeshittu

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Re: How do I start day trading?
« Reply #14 on: December 03, 2018, 09:14:52 AM »
Hi good day,here are my suggestions how to start your trading career,

1st you need to have capital,you can start using your own money or as a bounty hunter use the rewards the you get from the bounty campaign to start trading.

2nd register on an crypto exchange platform.If you are gonna use your own money as capital choose the best exchange out there that have high volume of trading with high level of security.But if your gonna use your rewards from bounty you don't have any choice but to use the exchange where your bounty token is available for trading.

3rd learn the basics,learn how to execute a trade(buy&sell).study how it works.

4th
A. Analyze the market.Making a good entry in the market is one of hardest part in trading ,entering the market without basic information about the current market status could lead to a very huge loss especially to a new trader..
B. Taking Profits.If your analysis/prediction favours you,set a certain percentage when to sell your assets.Market won't go up forever so being greedy is really not a good thing when doing trading.Exit the market Take profits then repeat step 4.

5th As a crypto trader,i suggest you focus increasing your coins/tokens quantity rather it's value in fiat money.

Trading and sharing ideas with other traders would also help you gain knowledge and new strategies that might work for you in the future.so keep exploring and always continue learning.
Hope this would help you in anyways when you start your trading career.Goodluck
You are right, learning is d key and also not forgetting patience

Offline moromi

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Re: How do I start day trading?
« Reply #15 on: December 07, 2018, 08:22:27 PM »
Before you do trading. You need to learn and understand the trading mechanism, need to actively watch your positions and understand whether and how to react to market moves. There are many trading videos on YouTube that describe the method in details so you should look at it.


Offline gurunanakji777

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Re: How do I start day trading?
« Reply #16 on: December 14, 2018, 08:26:35 AM »
First of all you should have good trading skills If you plan to do day trading because in long-term trading patience matters more than skills. To start day trade you should read/focus on 5-10 coin pairs which have volatility as well as good trading volume.


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Offline Togacity

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Re: How do I start day trading?
« Reply #17 on: February 01, 2019, 05:34:49 AM »
Read as many relevant books,articles and watch videos as you can. Also you will have to try your hands on new stuffs so prepare to lose a little before becoming a pro.

Offline The Journalist

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Re: How do I start day trading?
« Reply #18 on: February 06, 2019, 09:29:09 AM »
Read as many relevant books,articles and watch videos as you can. Also you will have to try your hands on new stuffs so prepare to lose a little before becoming a pro.
Spot on. But no matter the years of practice and training if one doesn't master the art of controlling one's emotion, it will all result in loses. Emotion is the biggest challenge every trader has.

Offline Uritron

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Re: How do I start day trading?
« Reply #19 on: May 02, 2019, 11:22:05 PM »
I believe regardless of what type of trading you do, the principles stays very much similar. And most of these are to do with use of common sense. I find that relatively easier thanks to FreshForex, as they are awesome support to have to do with low spreads, high leverages, bonuses and many many more benefits of this type. So that means any style can be used with confidence.

 

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