Learn how to day trade crypto

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.

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.

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.

Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said.

Last year saw the prices of major virtual currencies plunge dramatically.

The cryptocurrency sector is booming and has gone through many ups and downs and the crypto enthusiasts or the traders have ways to earn innumerable profit in this sector. One definite way of making a profit in the less stipulated time is by “day trading”. After reading this, you will be able to understand how to pick your crypto for day trading. Before going into the intricacies of day trading, let’s understand the different types of cryptocurrency traders:

Let’s not digress and move directly to day trading. There are several factors based on which the top cryptocurrencies are decided for day trading. Here are the list of factors that can be included while determining day trading crypto strategies:

By trading volume, you can understand the popularity of particular crypto, and the amount of activity that happens around that coin or token.

The cryptocurrency sector is booming and has gone through many ups and downs and the crypto enthusiasts or the traders have ways to earn innumerable profit in this sector. One definite way of making a profit in the less stipulated time is by “day trading”. After reading this, you will be able to understand how to pick your crypto for day trading. Before going into the intricacies of day trading, let’s understand the different types of cryptocurrency traders:

Let’s not digress and move directly to day trading. There are several factors based on which the top cryptocurrencies are decided for day trading. Here are the list of factors that can be included while determining day trading crypto strategies:

By trading volume, you can understand the popularity of particular crypto, and the amount of activity that happens around that coin or token.

When you set up a brokerage account to trade stocks, you might wonder how anyone is going to know whether you’re a bona fide “day trader.” Your broker will know, based on your trading activity.

The Financial Industry Regulatory Authority (FINRA) in the U.S. established the “pattern day trader” rule, which states that if a stock-trading customer makes four or more day trades (opening and closing a stock position within the same day) in a five-day period, the customer is considered a day trader and must maintain a minimum account balance of $25,000.

Back in 1974, before electronic trading, the minimum equity requirement was only $2,000.

So you’re thinking about leaving your job and becoming a full-time day trading cryptocurrency expert? Well before you do, I think you should read my guide first!

Day trading cryptocurrency isn’t for everyone and there is a lot to consider before you get started. In fact, it is estimated that almost 95% of all day traders eventually fail.

In my “Day Trading Cryptocurrency” guide, I am going to tell you everything you need to know.

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.

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.

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This guide is designed to help day traders navigate the cryptocurrency marketwith control and confidence and is built on decades of experience garnered by DailyFX analysts and authors.

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