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Coin Crunch India founder Naimish Singhvi believes that TDS on every transaction will have an impact on day traders. "The government has very intelligently created a web, wherein crypto industry will be choked. He stated that he felt the market would be dead soon because of current regulations.Day traders have to choose the right platform to trade on. US-based traders cannot use any crypto-trading platform that is not regulated in the country they are located. This is why it is important to take this into consideration when choosing the right platform. Sujit Bangar is the founder of Taxbuddy.com. He stated that most of the investors have multiple transactions made in cryptocurrencies. "Important point to note is that we may sell a cryptocurrency at a profit or loss, but the TDS would certainly happen. However, we are able to claim TDS refunds for transactions involving loss," said he. You will also need consider whether you want trades other than Bitcoin. Traditional brokers typically restrict this.<img width="368" src="">Scalpers are considered the best trading strategy because they can quickly turn around small price movements. Online screeners can help crypto day traders find the right crypto asset. Like most trading strategies, range trading can be used https://www.cryptorocketpro.com in other markets and can be extended beyond crypto. Crypto day traders love range trading for its clear entry and exit points. This allows them to minimize losses. The range trader maximizes profits by making small gains over a short time frame. This helps to minimize losses that may be incurred due to unfavorable market conditions or news cycles. There are a few internal factors that influence exchange liquidity.The trading volume of a crypto is an indicator of overall market interest. A crypto with high trading volume tends to have higher liquidity. This is why a crypto with high liquidity will often be accompanied by a lower price. Although the crypto market can be highly liquid and volatile, not all cryptocurrencies will be equal. Crypto day traders must carefully evaluate an asset's trading volume to determine if it is possible to sell it quickly and at a lower price than what was paid for.Crypto.com's proprietary stablecoin allows you to receive discounts on trading fees, as well as enhanced benefits such 8% back for debit card purchases. Binance.US does not currently offer futures trading either; this feature is even pending regulatory approval for Kraken in the U.S. https://www.click4r.com/posts/g/3756865/cryptocurrency-trading offers two market dashboards: Simple and Advanced. They both provide real-time market data. Its confusing fees structure will cost you more than it would cost to make the same purchase using the company's less-user-friendly Coinbase Pro platform. Mining computers compile valid transactions and attempt to create the cryptographic link back to the previous block.