Introduction to Cryptocurrency Trading
Cryptocurrencies can be traded on an exchange like Bittrex or Binance. You will need to open an account, secure it, and then send some bitcoin to your exchange account.
Once you have some funds, you can start buying and selling other cryptocurrencies that are listed on the exchange.
You need to be aware that cryptocurrencies are highly volatile and entirely speculative. Do not trade what you can't afford to lose.
3 types of trading analysis
Technical Analysis:
Using charts to study price movements by taking into account past trends.
Fundamental Analysis:
Studying social, economical, and political factors, and making educated predictions on changes in demand and supply.
Sentimental Analysis:
Understanding how the market is feeling and where it is in the structure of the market. You can understand the emotions of the market by studying tweets, news articles etc. Are they positive or negative, for example.
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