Unless you’re putting in a great amount of money, you’ll only be gaining small margins because of transaction fees and taxation. Besides, as crypto has proven itself to be growing, there is really no reason to day trade instead of HODL. All you’re doing is bringing much more stress into your life in the hopes of gaining slightly more than you would have gained otherwise.
I disagree with the article, fundamental analysis is worth absolutely nothing, ive traded dozens of altcoins, for me they are ALL shitcoins, pumped and dumped, it doesnt matter why is the coin great or not, it will move up and down like ANY stocks ever. Do not chase the news because its already priced in when you read it. Once you understand that, you can move out of this shitty market that has become crypto (one year ago was crazy though, buy anything, make 100 % in a week).
As long as innovative blockchain-based projects are being created and as long as fundraising is required to expand them, the momentum will remain on the side of ICOs. Many projects in the crypto space certainly have an immense potential to become funded within a matter of hours, so you just need to look out for the best options.
The spread of BTC/USD is intuitively bigger than the one of USD/EUR, since the market is less liquid. There is no rule of thumb, but you should expect that the spread is at least 10 times bigger in the crypto world!
“We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future” says Robinhood co-founder Vlad Tenev. “The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”
NOTE: take volatility into consideration. The beta indicator will help you to decide an appropriate stop-loss. This saves you from absorbing a loss when anticipated fluctuations in price occur before the upward price movement you anticipated.
Overall cryptocurrencies can change the financial world, and for the moment it is all still being worked on. Users of these coins still do need to remain aware of their limitations and volatility for the time being and foreseeable future.
Another problem is that you are John Henry battling the steam shovel. Very smart people have built very smart algo-trading bots. APIs on crypto exchanges make these very easy to create. Can you beat these little demons with just your “dog’s breakfast” in your head (as Vonnegut called it)? Recall how Cuban’s comments seem to have precipitated a bitcoin selloff a few days ago. Was that people reacting, or was that a thousand little algo-insects doing sentiment analysis on twitter? You wouldn’t be able to beat these creatures to the punch.
In first announcing the new offerings last month, Robinhood said the move was part of a push to bring cryptocurrencies to a wider audience of investors, using a platform which “democratizes” trading by expanding the pool of possible investors through its mobile and web-based apps.
Overview Robinhood Financials is a stock brokerage application that democratizes access to the financial markets. The platform enables its customers to buy and sell U.S. listed stocks and ETFs with zero commission. The trading platform also aims to make people comfortable storing money and trading stocks using its application. Founded in 2013, Robinhood Financials is an SEC registered broker-dealer and member …
Since you are day trading, you will be using a short-term strategy when determining your exit point. There are a number of methods to calculate your price exit point, and we will briefly touch on the main ones:
BTC can be traded 7 days a week and 24 hours a day. There are no official exchanges that are tied to time or have a weekend or public holidays. There is also no official course and official price. All this creates just perfect conditions for arbitrage;
An official at Coinone Reuters that a few officials from the National Tax Service raided the company’s office this week. The official, who spoke on condition of anonymity, said that Coinone was cooperating with the investigation.
At first, it will not be profitable for you, for you will need to have ghe experience first, do not just follow the hype on social media or any other platforms that will advise you that a certain coin is going to be bullish, you need to also make your own research, there will be times that you will be greedy and then loose at the end, do not let this bring you down,you are trading to gain profits, and loosing is a part of it, and once you get a hang of it, you will can earn around 100-200 usd in one sitting, and it also depends on how much fund you have in your platform to determine your gains.