Using Leverage in Trading
Trading cryptocurrencies entails a degree of risk. That message cannot be sugar-coated in any way. Many traders are drawn to it because of its high risk. Prices fluctuate dramatically over extremely short periods of time, and traders perceive this as an opportunity.
How to Interpret Cryptocurrency Charts and Patterns
Technical Analysis examines the price history and volume of cryptocurrencies, visualizing the information in trade charts in order to forecast where they will move next.
What is the best way to make a trade?
We'll use Binance and Coinbase as examples to make things as plain as possible, though other exchanges are available. We don't have much in common with either of them.
Active Trading Strategy
For most beginners, simple trading techniques based on Cost Averaging that are reasonably passive (i.e., you don't have to continually watch your transactions and respond to market movements) should be the first step.
Simple Trading Strategy
Cryptocurrency markets are inherently risky because they are immature but the same types of approach used in traditional trading can be applied.
What is Technical Analysis?
Taking long term positions based on Fundamentals - as an Investor - and short term decisions based on Technical analysis as a Trader, looking to take advantage of crypto’s price volatility.
Indicators that are both leading and trailing
As you begin to be familiar with the world of cryptocurrency trading, you may feel overwhelmed by the amount of information and terminologies.
What is the definition of technical analysis?
If you've studied every article in WikiBit on cryptocurrency trading, you should now be aware of two major distinctions. As an investor, I take long-term positions based on fundamentals, and as a trader, I make short-term decisions based on technical analysis in order to profit from crypto's price volatility.
Understanding the size of the cryptocurrency market
Learning how to trade cryptocurrencies comes down to how successful you are at it, and volume is one of the most important factors that affects pricing.
What exactly are cryptocurrency price charts?
A bitcoin price chart depicts the pattern of changing sentiment, which can provide clues as to where the price will move next.