Cheap fees and fast exchanges. For each trade, the exchange platform you’re using will take a small percentage as commission for the service it’s providing. This is inevitable. Where cryptocurrency trades differ from their fiat currency equivalent is in the size of this fee. Because the fees for transferring cryptocurrencies (typically via wallet payments) are cheaper than credit card and bank transfer fees, cryptocurrency-trading fees are cheaper than forex-trading fees.
Understanding support and resistance are pretty handy in the trading world, not only with forex, stocks, and commodities but also with the new kid on the block – cryptocurrencies. For example, when prior resistance turns into new support, we often encounter splendid buying opportunities in a strong uptrend. Check this space for a powerful support & resistance cryptocurrency strategy coming soon!
Bitcoin Trading in Tight Range With Lowest Volatility in Months BTC Hitting Oct 2017 Support, GBTC Hitting Sept Support You Are Going to Need Ether for Coinbase Wallet There Was a Major Bug in Bitcoin’s Code, but Developers Fixed it Van Eck SolidX ETF Postponed International Bitcoin Transfers 1,000s of Times Cheaper than Banks Charlie Lee Busts FUD in Epic Twitter Posts (i.e. a List of Reasons Why Litecoin is Awesome) The CNBC Fast Money Counter Indicator Bitcoin Flash Crash at Cboe XBT Expiration Date; Most Alts Refuse to Panic BTC is Trapped Under Some EMAs and Has Been Most of 2018
BitForex has a prime goal to accomplish the highest return from the activity on the foreign currency exchange (Forex) and cryptocurrency exchange markets. The platform is mainly for those who would like to venture into the world of online forex trading and cryptocurrency trading through modern cloud mining platform. In addition, the platform offers affordable and safe investments. With a team that works tirelessly, they ensure that each client gets the attention and support he or she deserves to reach great success and growth throughout their
Bitbuy.ca is a Canadian owned and operated digital currency platform. Originally founded as InstaBT in 2013, the company’s mission is to provide convenient, dependable and secure access to Bitcoin and other digital currencies. Customer service, ease of use, and quick turnaround times for deposits and withdrawals are pillars of this platform. They cater to beginners as well as experienced traders, and are one of Canada’s quickest growing buy/sell platforms. A great choice for users looking to buy and hold crypto, or users looking for a reliable on-ramp to turn their fiat into crypto quickly and easily.
Great manager, research tool, social chats, charting and just plain fun to use. And all this is in version 1.0. Yes it costs a fin, but, if you really want it and can't afford it, yet promise to give me suggestions I will get you a coupon. Just contact me. We are very proud of our first foray into the cryptocurrency space. We just know you will love this app.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.
The cryptocurrency market is a difficult environment to navigate. Its volatility can be a boon for some and a curse for others. However, what is clear is that there are a variety of trading strategies that one can employ to try and ‘beat the market’. Regardless of the strategy that one chooses to utilize, one must acknowledge the risk that comes with trading in this market. As such, it is important to not invest more than one is willing to lose, and also to make sure that thorough research is always performed before executing any trade.
Up until now however, these types of funds haven’t been available to cryptocurrency investors. Due to taxes, legal compliance, impracticality, fear, and other reasons, most investment and hedge funds have limited or no exposure to the big profits that can be found in the cryptocurrency market. Investors have had to manage their blockchain assets manually. But that’s all about to change.
Watch out for scams. There are a few different scams in the crypto world. Anything that isn’t buying a coin with a good reputation is a big risk. Learn more about scams. In short, be super careful about anything that promises free coins, sick returns, or wants you to lend your coins. Buy the top coins using a careful strategy and ignore all the sites promising you they can outperform the market if only you give them X, Y, and Z.
One of the things to know here is that cryptocurrency exchange is not part of the regular stock exchange. They are not the same as Wall Street and its exchanges, although they share same general mechanics. The number of best platforms keeps growing as the market is still forming, here is a top 5 list of cryptocurrency exchanges ranked by trading volume.
Fundamental analysis is a methodology that was first conceived by the late American Investor, Benjamin Graham. It was then later popularized by Warren Buffet, currently one of the world’s more famous value investors. Fundamental analysis is a concept that is most often applied to companies, but it can just as easily apply to digital assets such as Bitcoin. Instead of metrics such as the P/E ratio, factors such as the following can be used as part of any cryptocurrency related fundamentals analysis:
NEO: Apart from being a cryptocurrency, NEO is known for its niche smart contract feature just like Ethereum’s. Smart Economy, Digital Assets Storage and Exchange Automation are achieved through Neo’s smart contract. And coming from China, if it gets to receive the welcoming use that the Chinese always give to their startups, it’s bound to make it big in the industry. It also ensures digital identity anonymity and achieves consensus through the Delegated Byzantine Fault Tolerance
TIP: There are a few sides to cryptocurrency. 1. you can trade and invest in it, 2. you can use it for transactions (anywhere a coin type is accepted), 3. you can break out a graphics processing unit and some software and mine coins (see how to mine coins). Those are all valid and interesting, but with that in mind, this page is focused on “trading” cryptocurrency (and therefore also investing in it). With that said, even if you want to do the other things with cryptocurrencies, you still need to be set up for trading.
Swing Trading Strategy – Swing trading is somewhere in the middle of Day Trading and Trend Trading. This is because Day Trading is holding an asset from a couple of seconds to a few hours but never more than a day. Trend Trading, on the other hand, is when the trader looks for a longer timetable and keeps the asset between weeks to months. Swing traders hold an asset for a couple of days up to a few weeks.
This link explains how to use moving average analysis to identify potential opportunities. The short version is that if we see the EMA cross above the SMA and begin shooting upwards, we know that the price is beginning to beat the trend, forcing the trend to change directions. This can make these cross points a good entry point for a trade. Similarly, a good exit point for a trade is usually when the EMA crosses below the SMA.
Maybe one day our fiat money system will go under and be completely replaced by cryptocurrencies. We’re living in a digitalized world and the possibility of Bitcoin or any other major cryptocurrencies to replace the way we pay for the goods and services is not beyond the realms of possibility. However, as long as there are still profits to be made from Forex currency trading we encourage you to read our receipt for Forex trading success: How to Make Money Trading – 2 Keys to Success.
Investing isn’t poker or rather it should not be a gambling game. If you go all in with investing in an asset or two, you are almost certain to lose everything, it is just a law of probabilities. Diversify. Do not believe anyone who tells you otherwise, ever. Of course this new generation’s first instinct is to go all in and then when a correction or crash sets in, they lose everything. They then go away and never come back. It’s a never-ending cycle.
The only apps that can do trades right now are the mobile apps for the various exchanges. And to view the market and coins available, the most popular site/app is Coin Market Cap. But there really isn't one that can handle everything for you. Which is why I'm currently building out an app called Matrix Portfolio, that will help you automatically pull in your trades from exchanges, so you don't have to manually enter them. As well as allow you to discover all the coins, and offer trading insights as well. Feel free to pre-register for the beta here: http://matrixportfolio.com
Never put all your eggs in one basket. Diversify. While the potential to earn more is increased with the amount of money you invest into a coin, the potential to lose more is also magnified. Another way to think about it is to look at the cryptocurrency market as a whole; if you believe that this is just the beginning, then more than likely the entire market cap of cryptocurrencies will increase. What are the chances that this market cap increase will be entirely driven by one coin vs. being driven by many coins? The best way to safely capture the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins. Also, fun fact — Between January 2016 and January 2018, Corgicoin has increased by 60,000x, and Verge has increased by 13,000x. During the same period, Bitcoin has increased by 34x. While you would have gotten impressive gains from Bitcoin, expanding into other coins could have landed you potentially larger ones.