Cryptocurrency

When looking for cryptocurrency exchange or dealer, first thing to consider is the reliability and safety of the website and server. You can do this by reading reviews and also asking how satisfactory their services are. It’s also good to lookout for which currency pairs are available whether you are you looking to trade Bitcoin for USD, Euros, or altcoins. There are three types of cryptocurrency exchange namely:

• Trading Platforms - Sites that connect buyers and sellers and a fee collected for each transaction. (P2P Person to Person Marketplace)

Cryptocurrency trading strategies are categorized into two parts namely;

1. Day-trading and
2. Long-term trading

Day Trading Cryptocurrency

Day trading is a very popular Bitcoin trading pattern worldwide and this means trades speculated within the same day. This means a trader closes their position by the end of the day or within a specific time frame. Day trading strategies are driven by profit, and can lead to a lucrative occupation or the significant loss of wealth. Trading this way takes research and practice to perfect the skills good enough to profit

Interested in generating some money from cryptocurrency trading? Here are a few things to be aware. To make money with cryptocurrency trading is quite challenging so you must be very careful to avoid huge losses. Below are some of the things one need to know for a profitable cryptocurrency trading, you’ll probably find these principles to generally hold true with trading in general.

Cryptocurrency, also called digital currency, is a highly decentralised currency or means of transaction between people (peers or business partners) which gets confirmed in a public ledger via a process known as mining. Cryptocurrency is a form of digital money that’s designed to be secure and, in many cases, anonymous. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

Cryptotrading is a good opportunity to make good money, where coins could potentially quadruple their value in less than a week, but one needs to be cautious when trading, because there are lots of fake coins, pump & dumps, schemes and Ponzi schemes everywhere. Trading in cryptocurrency like any other investment involves risk taking. The usual rules apply. Higher Risk = Higher Return; Lower Risk = Lower Return. High risk and high return cryptocurrency trading is a high risk investment in a new cryptocurrency, with the anticipation that it achieve the same success as Bitcoin.