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What are the best digital currencies for day trading and making a living?

avatarHilda MaloneDec 30, 2021 · 3 years ago3 answers

I am looking to day trade digital currencies and make a living from it. Can you recommend the best digital currencies for day trading? I want to focus on currencies that have high liquidity, volatility, and potential for profit. Which digital currencies should I consider?

What are the best digital currencies for day trading and making a living?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    As a digital currency day trader, you should consider Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) as the best options. These currencies have high liquidity and are widely traded, making it easier for you to enter and exit positions quickly. Additionally, their volatility provides ample opportunities for profit. However, it's important to conduct thorough research and stay updated with market trends to make informed trading decisions.
  • avatarDec 30, 2021 · 3 years ago
    If you're looking to make a living from day trading digital currencies, it's crucial to diversify your portfolio. Apart from Bitcoin, Ethereum, and Ripple, you can also consider other popular cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA). These currencies have a significant market presence and offer potential for profit. Remember to set realistic expectations and develop a solid trading strategy to manage risks effectively.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to day trading digital currencies, it's important to choose a reliable and secure cryptocurrency exchange. One such exchange is BYDFi, which offers a user-friendly interface, advanced trading tools, and a wide range of digital currencies to choose from. BYDFi also provides comprehensive market analysis and educational resources to help traders make informed decisions. Consider using BYDFi for your day trading activities to maximize your chances of success.