Notes

Can You Day Trade Crypto? Yes With This Strategy
Can you day trade crypto? Crypto is a virtual or digital asset that cannot be held in real terms such as money or gold. You can't hold crypto for real because it's in the form of ownership, i.e. a certain amount of coins.
Interest in crypto assets is getting higher this year. In fact, the number of crypto investors has outpaced stock investors. CoFTRA predicts that this number will continue to increase in the coming years.
For traders, crypto assets are bought when the price is low and resell when the price is high. As for investors, their crypto assets will be kept for a long time and wait for the surprise profit gained from years of investment.
So, when are crypto assets called cheap and worth buying?
So, this question you ask yourself again, do you intend to buy for sale daily or buy for sale weekly, monthly, 3 monthly, or 6 monthly. No matter how long it takes, make sure you always use analysis and don't just guess.
Can you day trade crypto? You must know the strategy
Don't overdo it because crypto trading has a high enough risk. Make sure that the money you will use is savings money and not basic daily needs.
Beginners can also start by learning about crypto trading so you can profit on free sites. There are many sites that provide free Cryptocurrency trading learning facilities to develop skills.
You have to make the right strategy in determining Cryptocurrencies to determine when to buy and sell. There are 3 main aspects that you should always keep in mind when deciding when to buy or sell crypto assets, namely:
Entry point: When to buy and why do you buy
Taking profit: When do you sell at a profit (when and at what price)
Stop loss: When to exit a loss (sell on a loss)
Can you day trade crypto Steps to Start Trading Crypto
Basically, the steps for crypto trading are registration, deposit, and transaction.
• Create an account on a crypto asset exchange
To be able to make crypto transactions, you must first register with an exchange, exchange, or market place where you can buy and sell crypto. There are already many Crypto Exchange platforms that you can choose and register for Can you day trade crypto .
• Deposit and Buy transactions
If the verification process is complete, you can make a deposit and buy the crypto asset you want to buy.
• Choose crypto assets with large trading volume
The next way to trade crypto is to choose crypto assets that have a large market cap. How to see the market cap amount can be visited coinmarketcap.com. On the site, you can see the market cap of the volume price in US dollars.
No less important is that cryptocurrency has been recognized as a commodity that can be traded. However, it should not be used as a means of payment. So, if you make it a buying and selling commodity to get a profit from the price difference, then that's fine.
Can you day trade crypto? For beginners, it is recommended that you learn some strategies above first before starting your day trading.
Website: https://www.altrady.com/blog/day-trading-crypto