TWO GOOD ALTCOINS FOR FUTURES INTRADAY TRADING: HIGHLY VOLATILE VS. LOW VOLATILE (BEGINNER'S EDITION)
đ PEOPLE: This is a very volatile coin, good for quick trades (scalping i.e. quick entry and exit - meant only for experts). It can be very rewarding but also very punishing if you are reckless with it or greedy. It has a lot of trading volume and liquidity, making it good for day trading. It can jump up and down in price a lot but is also resilient. If youâre a beginner looking to make profits with a small balance, you might consider this coin. However, use only a small margin and split it into 4 parts for DCA (Dollar-Cost Averaging). Itâs very risky, so it's not recommended for new traders. If you have a few months of trading experience and youâre willing to take the risk, wait for a good entry point and be prepared for big price swings. (DO NOT USE LEVERAGE HIGHER THAN x10).
đ IOTX: This coin is more stable with low volatility, low volume and very resilient. You can trade it without much stress. Profits might come slower than with PEOPLE, but it holds strong during market dips and bounces back well. Enter your trades safely with 1/4th of your margin. Use x10 leverage, or up to x20 if you have some experience into intraday trading. For example, if you open a 10 USDT position for PEOPLE, you can use 15 USDT for IOTX without much hiccups.
These coins are very different to each other. PEOPLE offers high rewards but is very risky, so avoid it if youâre new. If youâre a beginner, go with IOTX and always use low leverage. Always set Stop-Loss and Take-Profit, watch the market, and exit at the right time.
Good luck and trade safely. Use the safest strategies no matter which coins you trade.
