A while back, I put together a google doc for close friends and family who wanted to get involved with Crypto. Everybody has now at least doubled their money and some people have made a killing. I am now making this Google doc publicly available – it’s here, it’s free, your welcome 🙂
I believe that the window to enter cryptocurrency trading in rapidly closing – soon, most of the bluechip coins will be extremely expensive and unable to double in value as easily as they can right now.
If you enjoy my article and want to keep up with my current and future ones on cryptocurrency investing, please follow my Medium page, and as always, if you have any questions you can always DM me on Twitter!
If you are serious about cryptocurrency trading, I strongly recommend finding a mastermind group that suits your skill level and budget so that you can improve your knowledge, expose yourself to less risk, and gain access to news and tips before they hit the mainstream market – this is where the real money is to be made.
You have to recharge. You don’t need to catch every damn run. Go out. See the trees, listen to the birds, play with your kids and your pets. In short, do the things that matter in life. The markets will be waiting for you when you return.
Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
I started by wanting to know, in particular, if bitcoin was going to be the punchline of jokes like beanie babies in the 90s, and featured in Economics 101 classes as part of bubble theory. My quick conclusion: I don’t believe the bitcoin hype is over-exaggerated.
Nearly a decade later, a web-based payment system was developed and is still used today — PayPal. By using money online, the idea of moving traditional currencies between different end users gained PayPal further established the web’s credibility as a powerful medium of sending/receiving currencies. Afterwards, many similar services such as e-Gold and WebMoney were developed.
The cryptocurrency moved outside the market order collar. All market orders for cryptocurrencies are placed as limit orders with a collar. If the price of the cryptocurrency moves outside the collar, your order will remain pending. Learn more about collars and order types below.
Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. Cryptocurrency trading requires knowledge of cryptocurrency markets. In attempting to profit through cryptocurrency trading, you must compete with traders worldwide. You should have appropriate knowledge and experience before engaging in substantial cryptocurrency trading. Cryptocurrency trading may not generally be appropriate, particularly with funds drawn from retirement savings, student loans, mortgages, emergency funds, or funds set aside for other purposes. Cryptocurrency trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a particular cryptocurrency suddenly drops, or if trading is halted due to recent news events, unusual trading activity, or changes in the underlying cryptocurrency system. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. For more information see, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.
Secure exchanges that are trustworthy and have good user ratings will rank higher than their peers. Extra points are given for sites to buy bitcoin with paypal, as many users request this feature. Ranking preference is also given for sites to buy bitcoin with credit card. Check out each option on the following best bitcoin exchange list. Be sure to bookmark this page for future reference.
2. choice of crypto/coin you are going to play in. What i’m learning right now is that choosing the right crytpo is a fine balance of several things. Just because it has high volume doesn’t mean it will swing enough to be profitiable (all dependent on your investment, of course.) Most have been pretty consistent to technical analysis (TA), it seems many people are using the fibonacci retracement levels so many alts stay somewhat true to this indicator. Ichimoku cloud, RSI and macd are good to start. but remember, news is king and BTC is king so when those two start moving around, alts catch shit for a couple days.
Coinbase, for example, has an Instant Buy option but you must use a credit or debit card so the transaction can be authenticated instantly and they charge 3.99% per purchase, rather than the usual 1.49%.
With cryptocurrency exchanges all over the world, there can be significant movement in currencies around the clock. As I pointed out earlier, because there is no single market, and the markets never close, there are events taking place all the time that cause fluctuations in prices. Even within a single country, events on different exchanges can result in significant pricing differences on the same currency.
You can run a web search. First learn the indicators, then the patterns, and most importantly practice by looking at old charts and pick out the trends. Whenever you start trading keep a log of screenshots and your commentary/ forecasts. That’s the best way to get confident with using the charts IMHO. Oh yeah, and don’t fool yourself into thinking that the uptrend you buy into won’t go down! It will always go down! You’ll find that incremental gains are more reliable and profitable (most of the time)
After the market’s sharp reaction to the announcement, the nation’s Presidential office hours later said a ban on the country’s virtual coin exchanges had not yet been finalised while it was one of the measures being considered.
* Individual Brokers T&Cs Apply Risk Warning: Trading Commodities, Forex (FX), CFDs, and Options are a high-risk activity. You could lose more than you initially deposited. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: cryptocurrenciestrading.com is an independent specialized comparison site funded from the referral fees from the sites that it promotes. cryptocurrenciestrading.com receives compensation from the brokers sites and advertisements it features. Thanks to this compensation, we can provide you a free comparison tool. cryptocurrenciestrading.com is not able to display and feature information about all the available broker sites or broker site offers.
As for the cost, most exchanges apply a maker-taker model for the fee schedule. The market makers can trade almost free of charges, while the price takers bear the trading fees of 0.2%-0.3%. Sometimes deposits and withdrawals are charges as well if the platform accepts funds apart from cryptocurrencies. The trading spreads are an important cost factor when choosing the right platform as the frequent buy and sell can be expensive for day trading if the spreads are wide.
Having a mentality like this will give you much better chances to earn much bigger, inside day trading you always risking your money especially if you are not really good to this field, day trading with so much swing aren’t friendly but learning and study it hard wold give you an advantage.
Technical Analysis (aka studying the chart patterns) works pretty damn well in crypto trading. My gut tells me it’s because most of the folks trading cryptos are geeks and we’re prone to liking TA because it makes sense to the engineer brain. That makes them a self-fulfilling prophesy. It also works because there’s lots of machine trading going on. You’ll be trading against bots regularly on the exchanges and they have no choice but to make decisions based on moving averages, pull backs, breakouts and all the other things that TA aficionados love.
Don’t put more than you can afford to lose on the exchange. Pull winnings into stable non exchange wallets and pull cash out regularly to pay back the initial investment. You never know when everything might head south so pull money when you can.
Our course includes dozens of educational charts directly from some of the most popular exchanges and trading platforms available on the internet today! Including Poloniex, Bitfinex, GDAX and many more of the top exchanges !
You may also like to check the coin rankings & market capitalizations on coinkapp – which has a splendid comparisons list of the top cryptocurrencies. Alternatively, coinmarketcap offers a rather simplified list.
This is also one of the bigger mistakes I see day traders make. They think they are looking for “winners” but you should really be looking for coins that fit your set of conditions. You are trying to automate the process as much as possible to take out as much of the uncertainty as possible.
Hey Friends This is a re-reupload. I was not allowed to write swear words. I hope you will give IT A BIG LIKE, and support this chart again due to its educational purpose! Thank you, my friends This is an educational chart about the Psychology of a market cycle. Every market is determined by people’s feelings. In this chart I have illustrated how people tend …
The idea behind the blockchain comes with two main principals. The first is easy to understand, make all the transactions public thus allowing complete transparency over all transactions and the ability to cross reference or double check each transaction if necessary. The second principal is somewhat more unique and isn’t realized by others. Recording each transaction in a public ledger also prevents this information from being duplicated. This way every transaction is unique in its own way, which successfully eliminates transaction fraud and other financial crimes. Oh, did we mention that verification of each transaction are done by other users on the Bitcoin network, and this can’t be compromised or corrupted by anything or anyone? Yep, it truly is that secure.
Traders with no pressure: Don’t start trading unless you have the optimal conditions to make the decision to start a trade and know when and how to get out of it. Pressure almost always creates losing trades. Wait for the next opportunity, you will get there.
Trades may be cancelled or reversed in the event the broker finds fault in its systems (price, etc.) or if it finds a client violates their particular account agreement with the said broker (agreements vary).
Because the Wolf has an in-your-face persona that rubs many people the wrong way. He loves to stick it to people who say he’s wrong. Any time he posts a call, people are quick to pounce on him and call him an idiot, a douchebag and a shill hucking trading calls. They want him to fail.
If you do trading , you would surely put up time and efforts with it. Staying up for computer for how many hours would be needed as long you are trading because you would really need to see the price movements. This is the hardest part of trading which is the guessing game, as we all know price are too volatile we really dont know on which way it would go thats why it really needs patience and good technical analysis.
Volumes indicate the liquidity of an asset. The greater the liquidity the easier it is to buy and sell, even when there is turmoil, and the lower the Bid-Offer spread and therefore the cost of trading. You want to avoid assets with tiny liquidity as when the shit hits the fan it will be costly to exit. Bitcoin has world-class liquidity. I run a crypoasset analysis site named Blocklink.info. Here is a screen-grab of the most liquid assets in the world.
I suggest trading with tiny amounts to start with to become familiar with the Bitmex site. Then you can increase your leverage to x100 as you gain competence. (i.e Buy 1 Bitcoin worth $11,670 with 0.01 BTC worth $116.70). A position at x100 leverage is quite likely to make a lot of money quickly or to get wiped out in a matter of minutes.
Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. For more information please see Robinhood Financial’s Margin Disclosure Statement, Margin Agreement and FINRA Investor Information. These disclosures contain information on Robinhood Financial’s lending policies, interest charges, and the risks associated with margin accounts.