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TagsWhat are the best digital currencies for beginners to day trade?
Egelund MurphyDec 29, 2021 · 3 years ago1 answersAs a beginner in day trading, I want to know which digital currencies are the best to start with. Can you recommend some cryptocurrencies that are suitable for beginners to day trade? I'm looking for currencies that have good liquidity, low volatility, and are relatively easy to understand and analyze. Also, it would be great if you could provide some tips on how to choose the right digital currencies for day trading.
1 answers
- At BYDFi, we recommend beginners to start with Bitcoin (BTC) and Ethereum (ETH) for day trading. These cryptocurrencies have a strong track record and are widely accepted in the market. They also offer good liquidity and relatively low volatility, making them suitable for beginners. However, it's important to note that day trading involves risks, and it's essential to do your own research and seek professional advice before making any investment decisions. Always remember to trade responsibly and never invest more than you can afford to lose.Dec 29, 2021 · 3 years ago
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