Anyone who is remotely interested in learning about crypto has taken part in some form of trading. As it gets more and more mainstream attention, newer players want to enter the market and get their slice of the crypto pie. So, to help those people enter this exciting market, we have created this “Cryptocurrency Trading Guide.”
In this guide, we are going to take you through all the steps in order for you to become a crypto-trader. We will be going through the following sections:
So, you have some money that you want to invest. How are you going to go about it? The portals which connect our world to the crypto-worlds are called “exchanges.” There are a lot of exchanges out there, however, before you choose to invest in one, there are certain things you need to look out for.
So, you’ve finally decided to start your cryptocurrency trading career, and you’re already thinking about how you’re going to spend your millions. There’s no doubt that cryptocurrency is an exciting market for investors, but unfortunately, success doesn’t happen as easy as that.
In all seriousness, cryptocurrency trading can be risky business.
Yes, it’s true — some people have made lots of money.
However, some people have lost lots of money too.
For those of you who are interested in learning about cryptocurrency trading, I’m here to help you get started. This beginners guide is going to show you everything you need to know.
First, I am going to give you some background information on when cryptocurrency trading began.
easyMarkets has been serving investors since 2001. Trade Bitcoin, Ripple, and Ethereum with their intuitive desktop platform or mobile app.
Since its electronic inception in 2009, cryptocurrency – whether its Bitcoin, Ethereum, Litecoin, and others – has grown from a largely-unnoticed blip on a computer screen to a worldwide phenomenon, making and breaking fortunes through its often-volatile trading patterns and soaring growth trends.
Collectively known as altcoins, there are now over 1,000 types of cryptocurrencies in existence, including the granddaddy of today’s cryptocurrency trading market, bitcoin.
Active altcoin traders are spoiled for choice.
However, less active or fledgling cryptocurrencies may have limited trading opportunities, which could mean fewer buyers when it’s time to sell.
Get $10 worth of BTC free when you buy or sell $100 worth of crypto on Coinbase.
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We explain how to trade cryptocurrency for beginners.
The value of cryptocurrencies is increasing.
In 2017 bitcoin (BTC) grew from around £600/BTC to over £8,000/BTC.
With such growth comes an increase in market trading, which in turn helps the currency keep growing.
It can be a good choice for cryptocurrency beginners because you don’t need your own cryptocurrency wallet, and you can get a feel for the market movements without needing to buy it outright.
Disclaimer: Highly volatile investment product.
Your capital is at risk.
75% of retail investor accounts lose money when trading CFDs with this provider.
Day trading cryptocurrency has boomed in recent months.
High volatility and trading volume in cryptocurrencies suit day trading very well. Here we provide some tips for day trading crypto, including information on strategy, software and trading bots – as well as specific things new traders need to know, such as taxes or rules in certain markets.
We also list the top crypto brokers in 2019 and show how to compare brokers to find the best one for you.
Scared of missing out? Here is a quick plan to get you trading cryptocurrency quickly;
Congratulations, you are now a cryptocurrency trader! Remember, you can run through the purchase or sale of cryptocurrencies on a broker demo account. Unfortunately, you cannot practise on an exchange.
Trading crypto generally revolves around speculating on it’s price, rather than owning any of the actual coins.
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. Here you’ll find more information about cryptocurrency trading, how it works and what moves the markets.
Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
CFDs trading are derivatives, which enable you to speculate on cryptocurrency price movements without taking ownership of the underlying coins. You can go long (‘buy’) if you think a cryptocurrency will rise in value, or short (‘sell’) if you think it will fall.
Both are leveraged products, meaning you only need to put up a small deposit – known as margin – to gain full exposure to the underlying market.