Cryptocurrencies trading on the crypto exchanges has similarities with forex: in fact, this is speculation in price – “bought cheaper, sold for more”. At the same time, forex trading has a lot of nuances, instead the cryptocurrency market, which is not predictable: any hype reason can affect prices. What can a trader choose?
The cryptocurrency market is very sensitive to changes of the fiat money rate, which is confirmed by statistics. On traditional exchanges, now professional speculators are trading, their experience allows not to react right away to the emerging drawdowns of quotations. On the cryptocurrency exchanges the situation is different – here the bulk of inexperienced traders often and unconsciously reacting to fluctuations in price rates.
Due to constantly floating rates, the use of cryptocurrency portfolios is a more reliable way of investment than trusting one asset. We have collected useful information about cryptocurrency portfolios for you here: what portfolio is and 5 types of cryptocurrency portfolios for long-term profit.
Investments in cryptocurrency for a long time do not let you sleep well? We will tell you the secret: you can become a millionaire too by investing only $1000 at the beginning. Cryptocurrency – how to start earning and what is needed for this? We will answer these questions in the guide for beginners.
What will you learn from this article?
- In what cryptocurrency to invest in 2018 – traders secrets.
How to distribute the budget for cryptocurrencies – nuances.
How much can you earn by investing $ 1000 in cryptocurrency?
How not to be left with nothing – the pitfalls of investment in the cryptocurrency.
How to trade cryptocurrency on the exchange with minimal risks?
Cryptocurrencies trading is one of the most profitable and accessible field in financial sector. That is why it attracts more and more users. This article is ideal for those who are just starting their cryptotrader’s way and is preparing to enter the market.