How to Day Trade Cryptocurrency: A Beginner’s Guide in 2022
What is Day Trade Cryptocurrency Starting from August 1st 2018, cryptocurrencies are no more allowed to trade on exchanges, which may be considered a huge loss for the economy, as cryptocurrency was gaining popularity due to low-interest rates and a kind of new boom to invest in. One can, however, buy/sell any crypto anonymously on over 3,000 existing OTC (Over The Counter) exchanges, though these exchanges have strict terms and conditions and most of them are ‘Bubble’ platforms as well. What is OTC? ‘OTC’ stands for ‘Over The Counter’ and it means that there is no formalised route to buy or sell cryptocurrency and there are no finance intermediaries like brokers in the background. Basic Terminology. Commodity trading: Trading in the price of a commodity. Bitcoin is a form of commodity. Index trading: Trading in the price of an index. An index is a group of securities or companies. Like the FTSE100 index of companies in the United Kingdom, the S&P500 index of companies in the...