Cryptocurrency Trading part #01 (How to trade Cryptocurrency )
Introduction to Cryptocurrency Trading
Cryptocurrencies can be traded on an exchange like Bittrex or Binance. You will need to open an account, secure it, and then send some bitcoin to your exchange account.
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Once you have some funds, you can start buying and selling other cryptocurrencies that are listed on the exchange.
You need to be aware that cryptocurrencies are highly volatile and entirely speculative. Do not trade what you can't afford to lose.
3 types of trading analysis
Technical Analysis:
Using charts to study price movements by taking into account past trends.
Fundamental Analysis:
Studying social, economical, and political factors, and making educated predictions on changes in demand and supply.
Sentimental Analysis:
Understanding how the market is feeling and where it is in the structure of the market. You can understand the emotions of the market by studying tweets, news articles etc. Are they positive or negative, for example.
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Informative post.
Mind blowing Bro!
Thanks i really need to go back into crypto trading.. Thanks for these guides
Once again, Thank Yoiu Very Much sir.
You make me your student.
Sir kindly also tell us about other exchangers like yubit and cryptopia. Are they useful as bittrix and binance? Sir I have Account in Binance and also some amount there. But I have no experience in trading. Wich you will teach me well.
@usman93 first you need to know more about cryptocurrency.Then you can decide yourself. Complete my course then you can be a know which is better for you.
Ok Sir.
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I once heard that in crypto trading you dont lose money rather your money it tied down, and when the prize goes up you can get ur cash
Yeah but some times it just goes down a long time but if you got patience it will surely rise again.. But still trade wisely not just any coin
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