One way to tell if a stock price is over/undervalued is by reading moving averages. Moving averages are plotted on stock charts to help smooth out volatility and point out the direction a stock may be trending. As short-term moving averages (red line below) cross over long-term moving averages (black line), this sometimes is followed by accelerated movement in the price. Also pay attention to spikes in trade volume, as this may imply that strong sentiments of fear or excitement just entered the market.
Now after you bought yourself some Bitcoin, the time has come to choose your exchange platform. This is where you are able to instantly trade one cryptocurrency into another. Take note of the currency trading pairs – each exchange has a list of their own. There are exchanges, where you are able to only exchange Bitcoin to Altcoin, but not Altcoin to any other Altcoin. This hinders the ability to trade fast and flexible. That is why we have made a list of the best crypto-exchanges. On this list you can find the most competitive bitcoin brokers available, offering lowest transaction fees.
We hope that The Best Bitcoin Trading Strategy – has shed some light on how you can use the same technical analysis tools that you use for trading the Forex currency market to now trade the cryptocurrencies.
Opportunities – based on your research you should be able to spot investment opportunities and gauge participation based on risk vs reward. Often times grinding out small, low risk moves (such as running arbitrage) can be just as lucrative as catching a big move. Knowing price trends in terms of BTC and USD is vital… sometimes gains can be made in BTC but not USD and visa versa.
This book is short and to the point. There are no stories of the author’s trading glory, or links to his special, ultra secret system that you can have for a mere thousand dollars more. It concentrates on simple, practical advise, for multiple market trends. Everyone makes money when it’s all going up but how do you deal with trades going sideways or down? It’s in there.
You can move up the list by inviting friends to join Robinhood. If your friends sign up, you’ll not only get access to Robinhood Crypto sooner, but you’ll also both get a free stock like Apple, Ford or Sprint.
Cryptocurrency GoEx: Simple Cryptocurrency Exchange & Coin Conversion? GoEx: Simple Cryptocurrency Exchange & Coin Conversion? 0 Share on Facebook Tweet on Twitter tweet With the way cryptocurrencies are being adopted all across the globe, there is now an urgent need for novel payment services that….
Bankroll management – This is actually a gamblers term but it applies to day trading just as much. It means managing the amount you are trading on a daily basis. You should be trading about 1 to 3 percent of your total bankroll on trades per day. So if you have $10k in crypto, you should be day trading with no more than $300 a day at the most. Now I know right now you are probably saying that is too low, but trust me, successful day traders who actually make a living doing this do NOT trade a huge percentage of their bankroll everyday. If you do that, eventually you will lose it all, and this is the biggest mistake I see people making when trying to day trade. They are trading with 50% or more of their total bankroll in crypto. The only reason you should ever do that is if you have inside information.
Options transactions may involve a high degree of risk. Please review the options disclosure disclosure document entitled the Characteristics and Risks of Standardized Options available through https://about.robinhood.com/legal or https://www.theocc.com to learn more about the risks associated with options trading.
Most people trade between bitcoin and other currencies. So gains are measured by an increase in BTC value, not dollar value. This necessarily means that if you make gains, you are doing better than you would if you held BTC
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.
Learn more: Cryptocurrency Trading Signals Services There seems to be a lot of talk in the world of cryptocurrency when it comes to investment. There are many individuals who choose to get their information from blogs and social media, but there are some sources that can be better than others without a doubt. This article is […]
Cardano (ADA) is a fully open-source, decentralized, public blockchain and cryptocurrency. Cardano is very similar to Ethereum, and the team wants to build on that. Cardano aims to operate a global smart-contract platform which will deliver much more advanced features compared to its competitors. Loads of existing investors are excited because Cardano is the first blockchain founded on scientific philosophy, and also the very first provably secure proof of stake algorithm.
Thanks for posting the article and super informative video! I just got into trading cryptocurrencies back in May. Started with Bitcoin & Ethereum but have recently made the cross over into trading alt-coins on Poloniex, Bittrex and Cryptopia. I’m interested to get into some swing trading and have a Coinigy account but find the site overwhelmingly complex. Your video really helped me understand what’s important in a trading platform and helping me to lay a good foundation. Thanks! 🙂
This isn’t a get rich quick scheme, it’s effort to learn and execute trades in a way that is profitable. And I put a lot of time into this, odds are if I divided it out I would be making $10–12 an hour. But at the same time if I made the same trades proportionally and started with 10k I would be buying a yacht for my yacht, just kidding I would be buying a huge pole barn to use as a redneck laboratory.