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Opinions on day trading vs Swing trading

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I think the daily trading is the best because it's less dangerous than the long term trading ! and we can also make good profits from daily trading ! if we make more than 2% profits that's mean we are really doing well !

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We can criticise the crypto traders who do day trading or who do swing trading because each investors and traders of has their own opinions regarding investment plan's and trading so. Day and swing trading both gaves us profit if we have trade skills. I like to do more day trading. 

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On 5/30/2020 at 5:03 AM, jamesvince said:

We can criticise the crypto traders who do day trading or who do swing trading

Why criticizing them, they use their money to trade. 

On 5/30/2020 at 5:03 AM, jamesvince said:

 

 

On 5/30/2020 at 5:03 AM, jamesvince said:

Day and swing trading both gaves us profit if we have trade skills. I like to do more day trading. 

Day trading is more risky and not a day profit, I am a day trader and I know it is not easily to earn with day trading. Swing trading is better and can require more amount of money, it is less risky 

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Trading is not always profitable and nothing super can make you rich quickly
Trading is an art and work that needs a lot of trading and a lot of accounts and hard and professional work in order to be able to earn reasonable amounts compared to the capital

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Swinging trading depends only on the price differences between two currencies. Daily trading is more complicated and its profits may be very low. If there are no fluctuations in currency rates, monthly trading may be better than daily.


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I believe you and i agree with you, i also trade everyday and i earn good profit from my tradings. I don't know why some people keep saying day trading is not good while we earn good profit with it.

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Time is the ultimate weapon!

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I think both types of trading has their own advantages so both are best. It's up to you in which type you feels more comfortable. Day trading is requires constant monitoring of the crypto market so you don't have enough time to take your decisions, if you missed an opportunity then you will not get it back in day trading where in swing trading you have enough time to take decisions  wisely as per the movement of market.

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I do most of the time daily trading despite the risks that surround it, but I mastered this trading very well and I analyze the market permanently and continuously so I do not miss any opportunity

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Day trading can be profitable but one needs to choose the right pair and have some proper technical price analysis for that pair in order to have successful trades otherwise it can also be risk of losing and it's not encouraged to beginners.

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3 hours ago, Shahrukh hassan Sourov said:

I recommend choosing only the top bestcoins. It sounds bad but it can be an opportunity for us.

Sound bad? no, strong coins do have troops trading volumes exchanges and easy to trade. The stronger the coin the easy the trade will be fulfilled. But, also, some coins of low value can be more profitable but also the risks is high. 

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Why does the majority prefer long-term trading because it shows some possibilities, meaning that the price of the currency will not fluctuate from day to night, but after days. Except in the event of an emergency, a crisis or a catastrophe. Long-term trading is less dangerous to short-term trading I recommend that you do not trade in the short term if you do not have capital to compensate you for potential losses


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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On 11/10/2019 at 1:52 PM, soupster said:

Hello everyone! So this is my first post here and i wanted to give some of my insight on Swing trading vs daytrading.

Alot of people say that daytrading is risky and seing trades is where the real profit is but thats not true. i have been experimenting on daytrades for the past few month and i gotta say my daytrades were far more successful than my swing trades. If you have adequate knowledge and info on the volume, history of the coin and a bit of TA any one can be succefull.

What are your guys experince with day trading vs swing trading? let me know please

Yes, that's right, I think day trading is more profitable than other types of trading, day trading provides profit every day, as long as it's done when the market is bullish, about swing trading I've never tried it. Basically swing trading and day trading are almost the same, but I prefer day trading.

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i agree with you freind, i'm follow some coins who have big volume in trading and i drawing for each one suppport and resistor points then i buy from the support point and make my sell price with 2 or 3% of earning

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as someone who has been a day trader since early 2017 I can tell you thats its better than swing trading in a bear market. but when we are in bull market its better to swing rather than day trade or you will miss out on your gains.

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I am also day trader and i also think that day traders are more successful then short term traders. You buy at any place and sell when some points go up and get your profit. 

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I am an active day trader but in order to make profits from this sort of trading, price volatility plays an important role. I also make profits from swing trading but day trading on the reputed platform is my first priority. 


 

 

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The difference is in patience first,
I do not have a particular preference, but I do analysis on most periods and when I see an opportunity I enter,
Many people cannot wait for more than a day or two to close deals.
Sometimes I don't close the deal in a month, and the goals are too far away.

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On 5/29/2020 at 4:51 PM, Magnom said:

Daily trading is the best strategy to earn good profits in my opinion! Making little profits daily without loosing is better than making risky deals! Trading isn't easy as it sounds and you may lose a huge amount of your capital in a while!

I believe you do not trade at all, if you have traded before, you will know how day trading is very risky. Swing traders are patient and are the ones gaining the money day traders use to trade. That is why swing traders are the ones that are being getting successful if compared to day traders. Most people that lose to trading are day traders. 

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6 hours ago, FAYSAL_EL said:

I agree with you;  Because day trading you will study the deal before entering it in order to win, unlike the swing in trading, he wastes his money because he does not think of a strategy but rather acts brutally.

 

I think about the following: day trade for cryptocurrencies is something very risky mainly because the cryptocurrency market is a manipulated market, if a person does technical and fundamental analysis and then decides to buy altcoin, he may be disappointed to know that the creator of altcoin did some twitter and altcoin fell a lot leaving the day trade with losses

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Day trading is better for my side because it is simple and i can do it anytime though it has small profit compared to swing trading. It is better for me to earn small profit but with less risk.

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My tradingbwas never successful  and I don't  know what is swing trading can you please  inform about it a bit and how your day trades are successful  ? How much it took you to reach at tha level ?

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I have not yet tried swing trading but I have a little bit of experience in day trading in Yobit. Most of my day trades in Yobit have been quite successful. I even started a topic about it and shared my experience in it. My day trade starts and ends when I see big changes of direction on the charts. These points are usually good buying and selling positions because after red (downward) usually comes green (upward) and vice versa. I'm speaking about very noticeable (big and long) signs not small ones.

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Day trading is trading in a short period of time, usually on one day or every week. Almost the same as swing trading, it also makes short-term trades. This type of trade can be done when the market is bullish.

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You have to a good analyzer and have a good knowledge of charts to be able to read the market and predict the price, I think day trading is more like a luck game, winning and losing possibilities are equal.

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"We grow by lifting others"

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In my opinion day trading is more profitable then swing trading actually you get every possibility on day trading but in swing trading you need to wait for some time to the price go up and up But it this situation the price might go down and you lose the chance of getting some profits .

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In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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