Trading Cryptocurrency is not for the faint of heart. It is a volatile market where you can make a lot of money if you know what you are doing. You must learn to trade and master technical analysis if you want to make money trading cryptocurrency. The good news is that it has started to mature, and there are now many tools available to help you trade better.
However, there are still some risks. Thus, it is always recommended that you do your own research before trading cryptocurrency. This post will give you an introduction to cryptocurrencies and show you how to make money trading cryptocurrency. We will also list some tips and tricks for traders to use when trading on cryptocurrency exchanges.
Where to start?
This is often the question I get from friends, family and people in my network when they learn about what I do for a living.
First off, I’m not a financial advisor and nothing in this article should be taken as investment advice. That said, I’m going to explain what cryptocurrency is, how it works, how it’s traded and finally how to make money trading cryptocurrency.
Hopefully the information will be useful to you and if nothing else, maybe you’ll be able to impress your co-workers with your new found knowledge of cryptocurrencies!
So you want to make money with cryptocurrencies?
You’re in the right place.
I will show you how you can start trading cryptocurrencies and potentially walk away with a bit of extra cash every week.
This is not going to be a bull market or bear market article on the cryptocurrency markets themselves. I’m not going to give you any trading tips on what to do from here, because that part is up to you.
All I will say is that if you are interested in trading cryptocurrencies then make sure that you have an understanding of technical analysis first. If you don’t understand technical analysis, then please read up on it before continuing. The following article by Investopedia is a good place to get started: What Is Technical Analysis? It provides a great overview of the subject, and I would highly recommend reading it if you have no prior experience with TA before continuing further with this guide.
There are many different types of technical indicators out there, but moving averages (MA) are undoubtedly one of the most common ones used by technical traders. In this article, we’ll take a look at how to use MAs in your trading strategies, and also provide some examples of MA-based trading strategies that work well for crypto
Bitmex is a P2P cryptocurrencies trading platform established in 2014 by co-founders Arthur Hayes, Ben Delo and Samuel Reed, who have respective backgrounds in finance, trading, and web-development. Operating since 2014, the platform and its mobile application attract over a million visitors monthly , which makes it one of the most popular platforms for trading digital assets. The project has offices in Hong Kong, New York, Shanghai, San Francisco and Singapore.
Bitmex offers margin trading for several cryptocurrencies (against USD or Bitcoin), such as Bitcoin, Ethereum, Cardano, Litecoin, Ripple and more. Traders can trade cryptocurrency derivatives with up to 100x leverage. You can also long or short Bitcoin or Ethereum using perpetual swap contracts to speculate on the price. The exchange is also offering futures contracts for some of the aforementioned tokens.
In this Bitmex review we will try to give you all the information you need before you start trading on Bitmex exchange. We will explain what Bitmex is, how safe it is to trade there and what are the advantages and disadvantages of this popular margin trading platform that has become so popular among crypto traders.
The purpose of EasyCrypto is to make the process of buying cryptocurrency as simple, easy and fast as possible.
Whether you are a beginner or have been trading for years, you will find our platform easy to use. We provide a guide through the process of buying Bitcoin with your credit card in just a few steps. If you require any assistance, our support team are on hand 7 days a week.
After completing your first purchase, all subsequent purchases can be completed easily in under two minutes.
A simple guide to help you understand how to buy cryptocurrency and why EasyCrypto is the best option for New Zealanders looking to get into the crypto market.
EasyCrypto is an entirely New Zealand owned and operated business. Our mission is to make owning crypto easy, safe and reliable for everyone.
Every day, I run into new terms that I end up having to Google. Some of my favorites are HODL, FOMO and the always-amusing FUD.
It’s tough to keep up with all the lingo, but it’s important to understand what is going on in the space. Otherwise, you’ll just end up confused and feeling left out.
I have been trading cryptos for a few months now–and have partially made money while also partially losing money. I will share some of my experiences and tips below.
The kind of cryptocurrencies that I trade are alt coins (alternative coins). These include all coins other than Bitcoin. You can read more about altcoins here: https://99bitcoins.com/what-are-altcoins/.
The secret to making money isn’t working at a high-paying job, it’s finding creative solutions to people’s problems, and it doesn’t take a fancy degree to do that. To get your creative juices flowing, check out these common and not-so-common ways of lining your pockets. Below that, you’ll also find more general financial advice as well as some money-making ideas for kids.
If you want to get started with something, Amazon has a high-paying direct-publishing platform that you can use right away. It’s called Kindle Direct Publishing (KDP) and it allows you to upload your own eBooks to the world’s largest online marketplace. There are no upfront costs and royalties are ridiculously low. You keep 70 percent of each book sold. And don’t worry about getting paid; Amazon will do that for you every month after the sale occurs.
The key is finding something that people want & are willing to pay for. So, I started googling to find out if people would actually pay money for this service. After a few failed ventures, I discovered freelance writing & editing as a lucrative (and fun!) way to make extra money from home. I have also created a free email course