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Thread: I want to trade with a short term cause I need to earn daily

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    I want to trade with a short term cause I need to earn daily

    I want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

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    Long-term investments offer higher potential returns than a short-term trading. Aside from that, day trading requires a significant time investment. You can only make atleast 0.5 percent to 4 percent daily, but it could equate your income to 20 percent monthly.

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    Quote Originally Posted by Newbie_trader View Post
    Long-term investments offer higher potential returns than a short-term trading. Aside from that, day trading requires a significant time investment. You can only make atleast 0.5 percent to 4 percent daily, but it could equate your income to 20 percent monthly.
    That's true. But I think others prefer short-term trading because they see results in just a short period of time. Unlike in long-term trading where you have to wait for a long time before seeing the returns. I guess others get anxious about not having returns despite the long wait.

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    Active trading can sometimes entice a trader in placing unnecessary orders. If I were you, I would shift to long-term investing because it really gives you a lot.

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    Quote Originally Posted by Mr. Cid View Post
    Active trading can sometimes entice a trader in placing unnecessary orders. If I were you, I would shift to long-term investing because it really gives you a lot.
    That is a good point. Short-term and long-term trading really have their own pros and cons so it's really up to the preference and personality of the investor.

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    I guess your trading approach will be changed once you know the movement of the Bitcoin as of this moment. It continues to increase, and some analysts say that it is a game changer.

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    Quote Originally Posted by Sendo12 View Post
    That is a good point. Short-term and long-term trading really have their own pros and cons so it's really up to the preference and personality of the investor.
    All trading styles are not proven effective to everyone for making a fortune. Some are just quite lucky.

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    Quote Originally Posted by Mr. Cid View Post
    All trading styles are not proven effective to everyone for making a fortune. Some are just quite lucky.
    There is no universal strategy that will work well for everyone. Be it a short-term or long-term trading, both can be profitable as long as the trader knows how to manage their activities.

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