Didn't Find Enough Information about Day Trading Bitcoin Signals? Swipe Below and Find Out Everything You Need to Know!
Day trading Bitcoin signals are cryptocurrency predictions on coins price increasing or decreasing, which are posted every day and usually for a short term period.
Everyone loves permanent Bitcoin profit, right?
That is why you may think now:
"Is day trading crypto worth it?"
Safetrading has a lot of trusted day traders who really can help you to make money, so if you don't like to HODL coins 1-2 months and want to make $100 a day trading cryptocurrency, this guide on day trading crypto for beginners is for you!
Why Is Day Trading Cryptocurrency Popular?
Every day we get many questions like:
"Hello, what is the best day trading Bitcoin provider?"
So we assume day trading Bitcoin topic is becoming more and more popular.
There are plenty of reasons: high crypto volatility, day trading crypto volume, lower risks, higher revenues, etc.
And they are understandable - you invest a small amount in a trade, wait till it's in profit, and sell the coin.
When you hold the coin for one or more months, you take many risks. Usually, people invest more money in long term signals, so if the coin is only decreasing, you can expect big losses.
Where to Find Profitable Day Trading Bitcoin Signals
We have what to offer our users. Almost all of our trusted providers post day trading signals.
The Best Day Traders 2020:
Day Trading Cryptocurrency Mistakes
Day trading Bitcoin strategy is not as safe as you may think.
How to day trade Bitcoin?
The biggest issue with this type of day trading crypto is investing a lot of money.
Everyone knows about cryptocurrency volatility. While day trading Bitcoin Reddit discussions tell you need to risk and invest al the money you have, it is better to invest up to 10% of your capital, no more.
The second mistake is emotions.
Of course, you think about your invested money!
Of course, you are afraid to lose it!
But if you trade with good and trusted signals providers, you need to relax and wait till the coin reaches targets.
By the way, crypto trading bots will definitely help you to cope with your emotions. Just find a trader who works with a crypto trading bot and forget about your fear and stress!
Are There Many Scammers Among Day Traders?
Scammers are everywhere in the cryptocurrency field.
The biggest challenge for you is to distinguish a scammer among legit traders.
Do day trading rules apply to Bitcoin?
Sure, and here are some tips that will help you to do that, and you definitely won’t find them among Reddit discussions!
Pricing
If a day trader has very high or low prices for the services, it means that it is better to avoid this provider.
Trusted and checked day traders have average and affordable prices on the market.
Communication
This is an important part of choosing a good trader.
Choose providers who answer quickly and give all the information about their service, have a good level of English, and are calm and friendly.
Free Crypto Signals
Almost every trusted crypto trader posts free crypto day trading signals on a public channel.
So your task here is to find a free crypto signal and to check if it was profitable.
Final Thoughts
In this article, we provided you the most important moments of profitable day trading cryptocurrency.
Is day trading Bitcoin profitable?
Yes but this type of day trading crypto is risky, that is why you need to find a good crypto provider with profitable signals and start to make from $100 per day!
The list of our day traders you can find here.
So choose the best crypto exchange for day trading and start to earn!