It is actually easy to trade cryptocurrencies. The basis of all trading is to buy when the prices are low and sell when the prices are high enough to give profits.
However, cryptocurrency trading can be very risky if one is not very careful. Also, some people can be greedy and so do not sell at the right time hoping to make more but they are met with loss due to market crash.
I'd suggest you use Poloniex as your exchange site
Topic: Is it easy to trade cryptocurrency? - page 2. (Read 425 times)
Is it easy to trade cryptocurrency?
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
Crypto currency is easy to trade. The trading platforms like Binance and HitBTC are quite user-friendly. But sometimes Trading in crypto is quite confusing because of the multiple pairs of a coin. However, the rule of High risk and High profit applies on crypto trading.
Let's start at the beginning. You may have heard many things about what a cryptocurrency is, but you may still be searching for an understandable definition. I hear ya, I was in the same boat for a long time. Instead of getting too technical, here's the easiest way to think about cryptocurrencies:
https://www.tradingheroes.com/cryptocurrency-trading-guide-beginners/
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https://www.tradingheroes.com/cryptocurrency-trading-guide-beginners/
Good Lucky !
Is it easy to trade cryptocurrency?
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
Instead of trading, I would rather choose holding my coins in my wallet. Trading require effort and enough study on how the price works. Bssically, if you'll just hold yout coin you will be able to reduce the risk of losing coin. Price changes unexpectedly, thus it will be unpredictable when will the price goes well. Better just add some funds and keep for a long period of time which is also same as long term investment
to my opinion, trading cryptocurrencies is not an easy job, it requires a very sensitive head with changes on the market, smart enough to predict the price fluctuation, and brave enough to buy and sell when they reach target, so an unexperienced trader can lost all of their money if they get greedy when the price is high or too much hesitated to sell when the price too low.
Is it easy to trade cryptocurrency?
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
trading in crypto is far more easy than forex because crypto is not to difficult to read the chart and do some fundamental analisys. the main thing in trading crypto is we never loss, if you buy some crypto and then it drop just hold it and sell when the price up again, never loss unless you're impatient and cannot wait for long time. The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
Does the conventional TA works in crypto trading?
Yes you can do trades with cryotocurrencies easily but trading is not an easy job you need appropriate skills to make profits by trading.There are lots of trading methods and strategies are available you need to study them first before start trading.
Market trading might sound like something reserved for the financial elite, but the explosive growth of cryptocurrency is accompanied by the growth of online currency exchanges and trading platforms where anyone can take part and profit from market speculation. You just need to know how it works. If you will understand the all mechanism so it would be easy for you to trade
Doing crypto trading is easy but the difficult thing is to get consisten profit from it. Trading is not enough only to buy in low price and sell in high price but we need some risk management to reduce the risk and to maximize the profit. And also learn how to manage your emotion and keep patient to get better price when buying and selling.
Is it easy to trade cryptocurrency?
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
yeah it's easy to trade cryptocurrency.
you just deposit money,buy some token and sell it when price is higher.
making speculation is the hard part of it i guess
It's easy, you can choose a stock exchange market that can be converted into local currency that you use, by visiting crypto exchange sites that can turn the crypto type into local currency in your country.
trading of cryptocurrency and forex is very different, although both are trading currencies, but the way it works is slightly different because the price of crypto is very volatile and its popularity is more widespread than the forex trading.
trading of cryptocurrency and forex is very different, although both are trading currencies, but the way it works is slightly different because the price of crypto is very volatile and its popularity is more widespread than the forex trading.
It is easy to trade but it is hard to make right decision while trading. You need experience and patience for cryptocurrency trading.
If it was easy there would be no coal miners.
Is it easy to trade cryptocurrency?
The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
If you have a formal knowledge on how the cryptocurrencies work then you can trade it with easy. Bitcoin and the cryptocurrencies provides the best opportunities for one to make profits without to much technical and fundamentals easy as the most coins has seriously increased in pricing. If you buy any of the coins that has market capitalization above 2billoin there is know how you will not make money if you hold. The spread is lower that forex or it is the same?
Comment down below your opinion.
Thank you.
It's easy to trade crypto to an exchange but if you mean the profit well it depends on your strategies when is right time to buy im not familiar with stock so can't compare it.
It is not easy but it does not make a margin call...
Of course, your position is one-sided and requires more care and follow up.
Of course, your position is one-sided and requires more care and follow up.
Newbie understood it wrongly. Trading the cryptos very much easier like share market sellings but you no need to worry that future dumps or anything until you open the trade. Whenever you open up the trade you just need to check the price movement and set the margin value you want to sell.
If you value is standard value on the trading site. Your trade will be finished in some minutes else you need to wait until it achieved the expected value of yours.
It is not easy but it does not make a margin call...
Of course, your position is one-sided and requires more care and follow up.
Of course, your position is one-sided and requires more care and follow up.
trading crytocurrency is buy and sell and hold, but it's not easy because you have to choose the right coins first then choose the right time to buy and sell to make profit. choose the right time is very difficult
For me, its not. Trading cryptocurrency is unpredictable compare to forex I think. Like lately that bitcoin is dumping as will as the other coins. but the good thing is that you can hold the coin and wait till the time it pumps back.
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