Markets
10 Best Cryptocurrencies for Short-Term Gains and Day Trading
Day trading generally refers to trades or positions opened and closed within the same day. Traders typically use market indicators, chart patterns, and technical analysis to determine when to enter and exit a trade. Thanks to several strategies, the investment or purchases are made in minutes and can be suspended for up to 24 hours.
Day traders, who seek to profit from intraday price fluctuations in various markets including stocks, currencies, commodities and cryptocurrencies, do not trade overnight like long-term investors . But remember that because of their crazy volatility, there is also a risk of manipulation from traders trying to make a quick buck. So while crypto day trading can be exciting, it’s definitely not for the light-hearted.