Is it possible to make a living from day trading cryptocurrencies on Robinhood?

1 answers

• Dec 17, 2021 · 3 years ago
  While it is technically possible to make a living from day trading cryptocurrencies on Robinhood, it is important to note that the platform has certain limitations. Robinhood offers a limited selection of cryptocurrencies and does not provide advanced trading features or tools that are commonly used by professional traders. Additionally, Robinhood's order execution speed may not be as fast as other dedicated cryptocurrency exchanges. This can potentially impact your ability to take advantage of short-term trading opportunities. Therefore, if you are serious about day trading cryptocurrencies and making a living from it, you may want to consider using other exchanges that offer a wider range of cryptocurrencies and more advanced trading features. BYDFi, for example, is a popular exchange that provides a comprehensive trading platform for cryptocurrencies and offers advanced tools and features for day traders. However, it is important to remember that day trading is inherently risky and requires a high level of skill, knowledge, and discipline. It is not suitable for everyone and should be approached with caution.
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