Day-trading offers many advantages over short-term trading or long-term investing. Typically, a day-trader is out of the market at the end of the day, so there is no overnight risk. The day-trader watches the market in real time, enabling him to adjust his position live as the market develops. The frequent trades develop his skill much faster and will help to maintain it at its peak. Trades typically have lower risk with smaller losses and there is a quicker return when they are profitable.
The disadvantages of day-trading are also many. Over trading is a real problem with most day-traders. Quicker analysis and decisions, along with faster responses, are demanded. Emotion frequently interferes with good judgment and its roller coaster ride can be extreme. A margin account can be drained faster than with any other type of trading. Most day-traders give up regular careers in order to trade during regular business hours and so trading often becomes their only source of income, placing a great financial pressure on them. Still, most would agree that they wouldn’t trade day-trading for any other career. Based on this, I think you could use a thread that specifies the best day trading exchanges to trade on.
The platform allows the use of debit, credit card payment and wire transfers. You can purchase any of the Ether, Litecoin or Bitcoin cryptocurrencies.
Coinbase was established by Fred Ehsram and Brian Armstrong in 2012. You are sure going to feel much more at ease buying and selling from a company with years of valuable experience, and there is a daily Bitcoin volume of $40,000,000, some of that could be yours if you trade right.
This market actually comes from the Asian continent, and we all know how reliable their trade services are. Bitfinex also has a very large volume of daily bitcoin trades in the figures of $45,000,000. You may trade on virtually any amount you have and the simple interface makes it a heaven for newbies.
Users have the option to choose from 7 different cryptocurrencies including Z-Cash, Monero and Ethereum.
Poloniex is a thorough cryptocurrency exchange platform based on the fact that in the sense that you can only deal with crypto assets here, no fiat allowed. Poloniex has around the most volume of Bitcoin traded on a daily, so there’s a lot to go around.
Poloniex should be your go to place if you need to buy altcoins. The simple interface of the platform makes it easy to navigate, and they have pretty much all the cryptocurrencies available for trading. A major con is that it is impossible to trade directly in US Dollar, anyone using the site will have to use a substitute currency called tether USD. This also plays as an advantage because you can avoid registering your personal data on the site.
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