There are many cryptocurrency exchanges - Yobit, poloniex, bter, kraken, exmo, etc.
several types of work in trading should be emphasized:
- Classic Trading, repeating the strategy in the stock and currency markets.
- Arbitrage between cryptocurrency exchanges.
- Work with derivatives of Bitcoin.
- Work on the PAMM accounts.
Few tips:
1. If you want to trade successfully cryptocurrency, then at least we should learn some basics. And people often come to the stock exchange without knowing how to read candlestick, or not knowing how to order book is arranged. Therefore, in the first place - to study the theory on the subject, as well as the types of stock orders, read what margin trading, which she features. Feel free to use search engines.
2. Clearly understand, that the price, which is displayed as cryptocurrency rate on the stock exchange - the price of the last transaction. This does not mean that at this price, you can buy or sell any amount cryptocurrency.
3. Commission. Before you do something about it, scroll all the planned path and figure out what the commission which will be paid from the input means to the stock exchange to display in your wallet. It may surprise the total amount, at every step, seemingly lost a very small part of it.
4. Do not use technical analysis to plan future trade. In short - take any historical graph of price changes and close the opaque sheet of any part of it. Technical analysis of the public will not allow to predict what will be closed. Thought number two: if the technical analysis work, it would be a clear set of rules to follow that can be guaranteed to make money. But the game on the exchange - this is a zero sum game, that the exchange is entered, it will be displayed, only redistributed funds to accounts, ie, if someone wins, it means that someone loses money. Anyone can not earn.
5. Be careful with interbourse arbitration. The first thing that makes new traders that are accustomed to the stock exchange, it is guaranteed by the search strategies. And then there is the temptation of easy money on arbitration: cryptocurrency courses on various exchanges are different. We buy where cheap, sell expensive where, in his pocket a profit, the funds for the next round on the first stock exchange to continue under the scheme. Yes, this way you can earn, but there are a lot of pitfalls. If you want to transfer funds between the exchanges, it will take some time, during which courses may change unpredictably, and as a result, you can stay in the red. The solution - to keep both stock exchanges and fiatnoy and cryptocurrency and transactions carried out simultaneously. That is, when a certain difference in the course of one cryptocurrency Exchange buying, selling to another the same number of coins remain in the black in fiatnoy currency. Skew correct shipment of funds between the stock exchanges in quiet mode already. Yes, but this raises the following points: somewhere in the order can not be filled or filled with a delay. It happens, and as a result is skewed by an unexpected balances. Another point: on one exchange to buy at sale price, and on the other - to sell at the price of purchase. And it can not be the price of the latest transactions on the exchanges. Also in the glasses might not be the right volume at the right price. Few problems? Throw again, come from the commission, they also need to lay in the strategy in transit between the exchanges and in the exercise of warrants. And eventually profit from this event will be very different from what you thought from the difference in rates between the exchanges.
don't put all your buy order at 1place,
- don't buying altcoin in ICO, IPO etc.
- don't buying altcoin when the price rising (+100% or more)
- sometimes we must sell our altcoin, even we lose for buy back at lower rate
- don't buying altcoin with not active dev, potentially scam is higher.