Cryptocurrency trading is gradually emerging as a superior and more profitable alternative to traditional/stock trading. Because of the volatility of cryptocurrencies like Bitcoin, ETH, etc. there is a high probability of making good returns from crypto trading in a short time.
At the time of writing this article, there are more than 6000 cryptocurrencies in the market with a total market capitalization of $358,650,773,774. The 24-hour trading volume of cryptocurrencies is more than $100 billion. Bitcoin with a market cap of over $213 billion is the biggest cryptocurrency out there. Other top options include Ethereum, Ripple, Tether, Litecoin, etc.
When it comes to the right way to earn huge with cryptocurrencies, day trading tends to be a popular thing. The trick to making it big with day trading cryptocurrencies is to learn how cryptocurrencies work and identify the ones that are suitable for day trading.
But, first, of course, you should learn the basics of Day Trading.
How Day Trading Works
Day Trading involves multiple transactions in a day, with the aim to reap the benefit of your existing coin/s as soon as the price increases or buy more coins once the price decreases.
To get the most out…
Cryptocurrencies are particularly great for day trading because of their high volatility. The price of a cryptocurrency can change multiple times during a day, can go very high or very low within a day, which makes them ideal for day trading. Unlike stocks, you can trade cryptocurrencies 24 hours, 7 days a week, as the crypto market never sleeps.
However, day trading a cryptocurrency and making profits from it is not as easy as it may sound. Because of the high volatility, the price of cryptocurrencies like bitcoin changes very rapidly, sometimes changing by hundreds or even thousands of dollars…
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