If you want to know if it’s possible to make a living trading cryptocurrencies, the answer is easy: Yes, it is absolutely possible. More than that, there are a lot of guys making an excellent living by crypto trading. But the question should likely rather be: How easy is it to reach sufficient profits to be able to do nothing else anymore?
Professional day traders with years of experience, who already live from trading since quite a while, usually find it relatively easy to trade the crypto markets.
The high volatility is simply heaven for skilled traders.
However, it takes time and effort to come to that point.
Day trading is a business like any other business as well.
But it’s for sure not the right business for everyone.
Like there is simply no job in the world which is for everyone.
by TradingStrategyGuides | Last updated Sep 29, 2019 | Advanced Training, Cryptocurrency Strategies, Indicator Strategies, Indicators | 0 comments
Would you like to learn day trading cryptocurrency and make a consistent $500 per day? We often hear about all the money you can make by day trading stocks. But what about crypto day trading? In today’s lesson, you’ll learn how to day trade cryptocurrency using our favorite crypto analysis tools.
Our team at Trading Strategy Guides is lucky to have over 50 years of combined day trading experience. We’re going to share with you what it takes to day trade for a living, and hopefully, by the end of this trading guide, you’ll know if you have what it takes to succeed in this business.
First and foremost, when day trading, it’s essential to have a structured approach and a rule-based strategy.
Day trading cryptocurrency has boomed in recent months.
High volatility and trading volume in cryptocurrencies suit day trading very well. Here we provide some tips for day trading crypto, including information on strategy, software and trading bots – as well as specific things new traders need to know, such as taxes or rules in certain markets.
We also list the top crypto brokers in 2019 and show how to compare brokers to find the best one for you.
Scared of missing out? Here is a quick plan to get you trading cryptocurrency quickly;
Congratulations, you are now a cryptocurrency trader! Remember, you can run through the purchase or sale of cryptocurrencies on a broker demo account. Unfortunately, you cannot practise on an exchange.
Trading crypto generally revolves around speculating on it’s price, rather than owning any of the actual coins.
Day trading in Ethereum has boomed alongside wider cryptocurrency growth.
Our tutorial explains Ethereum (ETH), and how to trade it.
We offer tips, analysis and day trading strategies.
We also explain how and where to find the best brokers to trade this, and other, cryptos. With trading hours, volume and volatility all suiting intraday trades, Ethereum offers great opportunities for active traders.
Ethereum is the second most valuable form of digital currency (after bitcoin). But despite the ethereum market being supported by a lot of the same exchanges and infrastructure that the bitcoin network has been built on, there remains an important difference.
Ethereum, unlike bitcoin was not created to be a global digital currency. It is designed to pay for only specific actions on the ethereum network, utilising blockchain technology.
Advancements in technology have ensured anyone with a working internet connection can start day trading for a living. But whilst it might be possible, how easy is it and how on earth do you go about doing it? This page will look at the benefits of day trading for a living, what and where people are trading, plus offer you some invaluable tips.
The first thing to note is yes, making a living on day trading is a perfectly viable career, but it’s not necessarily easier or less work than a regular daytime job.
The benefits are rather that you are your own boss, and can plan your work hours any way you want. Trading on a laptop also means you can do it anywhere, anytime.
Beware – there are many out there who claim to make a fortune on day trading, but usually these people are trying to sell you something.
Cryptocurrency is still in its infancy.
It first entered the tech scene as an idealistic notion: taking control away from big banks and governments and returning it to the people.
This would be accomplished by the creation of digital currency that could be secured via cryptographic methods and spent, peer-to-peer, without third-parties either taking a cut or tracking transactions.
That was the original vision for cryptocurrency, as laid out by the earliest so-called cypherpunks and the still-mysterious Bitcoin founder Satoshi Nakamoto.
Nakamoto’s creation, however, really entered the public consciousness when its price began to skyrocket. Bitcoin millionaires cropped up almost overnight as the coin surged in value, multiplying by many thousand percentage points over the course of just a few years.
This, then, was the new normal for cryptocurrency.
A number of successful crypto traders share their insights on how they ply their trade within the cutthroat industry…
Crypto traders explain how they sift through the noise and maximize their returns using trading strategies
Since Bitcoin (BTC) came into the world back in 2009, the digital asset industry as a whole has grown quite exponentially — with the market reaching its apex on the break of 2017-2018. Additionally, in the midst of all this, there has been a rise in the crypto trading sector, with the total capitalization of this domain currently pegged around the $277.90 billion mark.
In its most basic sense, cryptocurrency trading can be compared to forex trading because it allows enthusiasts to purchase digital assets using fiat currencies.