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Beginner's Guide to Crypto Day Trading


As a trader, you can choose from different trading strategies.  While some are great for short-term gains, others offer better long-term investments. However, if you are interested in minimal investment and short-term results, consider day trading.  Intraday trading is not a new concept in itself. It has been around in the financial markets for decades.

Most importantly, day trading is comprehensive as you can manage a variety of assets including but not limited to stocks, forex, and cryptocurrencies. However, intraday crypto is not as easy as it sounds. It is best to consider a few aspects before starting your hobby or career of intraday cryptocurrency trading.


In this how-to guide, Liquid aims to help users understand the basics of day trading in the context of crypto trading.

Introduction to intraday trading

Intraday trading is not a difficult concept. It is exactly what you would guess from the name. Cryptocurrency trading in India is the type of trading that takes place during the day and only during the day. In other words, you will have to buy and sell the assets (at a profit) in one day. Due to this property, intraday trading is also known as intraday trading.

Compared to long-term trading, the best cryptocurrency to buy right now crypto money day trading wants the trader to focus on small movements in value. You cannot hold the asset overnight and wait for it to increase in value the next day. Intraday trading also works only on weekdays of the week. Like other types of trading, intraday trading requires a good understanding of the market. And it's a skill you can hone with practice.



Factors that traders take into account in day trading

Depending on the market and the asset they are dealing with, day traders consider many factors.


Day Trading Cryptocurrencies: why and how?

We have mentioned that liquidity and volatility are the most important when it comes to intraday trading. These factors were the hallmark of cryptocurrencies from the beginning. The change in the value of cryptocurrencies is so great that even within 24 hours, the value of crypto tokens is very different.

While these trends are not as predictable as traditional trading trends, a strategic intraday trader can make substantial profits by focusing on this change in value. In terms of liquidity, there are several ways to redeem assets in cryptocurrencies.

When it comes to day-to-day cryptocurrency trading, you have a few simple options. The best thing to do is to choose a reliable crypto trading platform that allows you to buy various crypto assets and sell them at will.

The best crypto trading in India, an added benefit is that you can use different payment methods to accomplish these tasks. Some trading platforms also offer margin trading options. This means that you can buy crypto assets by borrowing money to increase profits.

Can I make a living trading cryptocurrency?

Anyone can make a living trading cryptocurrency buy and sell cryptocurrency. However, due to the relatively higher volatility of crypto assets, you need to spend more time observing the market activity. Unlike traditional stocks, crypto-assets can experience a price change in minutes or even seconds.

For example, the value of Bitcoin (BTC) can drop in seconds if a country prohibits its use. Likewise, even minor changes in the market can have a big impact on the value of your estate. When you're ready to deal with this volatility and instability, consider trading crypto days as a full-time job.

Buy and trade cryptocurrencies for cash

If you are interested in investing in cryptocurrencies, cryptocurrency earning create a free account with Liquid and get access to more than 80 cryptocurrencies and tokens through simple purchases with your VISA card. Additionally, Liquid offers a powerful API, high liquidity, and low fees. Liquid offers some of the most unique trading experiences in the industry with a wide variety of assets on one platform.

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