How to buy crypto?
We are going to use bitcoin for our example, though the steps are largely the same for other cryptocurrencies.
Where to buy Crypto?
Provided that you’ve read the previous two articles in this section you’ll know what a crypto wallet is, how to set one up and send/receive cryptocurrency. In order to buy cryptocurrency - the next logical step - you’ll need to first create an account with a Cryptocurrency Exchange.
Sending & Receiving Crypto
You’ll see the column indicating the level of experience each wallet type is suitable for.
Storing & securing your crypto
It is also popular simply as an investment, which you can think of like holding shares in a company, though with certain key differences which we’ll explain below.
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.
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