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 United States, or any of these markets. Currency trading: The price of a currency (such as the Indian Rupee or the Malaysian Ringgit) Futures trading: A form of trading in which one or more parties agree to buy or sell a financial instrument,

or commodity or security at a predetermined price in the future. Bitcoin futures are financial instruments that allow you to trade the price of Bitcoin using cash. This allows you to speculate on the price of Bitcoin without owning the digital currency.

The Tools of the Trade.

The Bitcoin Decentralized Trading Platform We can find plenty of crypto financing companies such as coinlock.io which allows you to buy and sell your virtual currency on their platform with secure transactions.

You can buy, sell and store bitcoin using this platform. Apart from buying, you can also sell your bitcoin to those who want to buy them. All you have to do is log into the app and pay the market maker in BTC.

Once you make the payment in BTC, your bitcoin will be converted into USD and will be available to be transferred to your wallet. There is no charge for the conversion of your bitcoin.

However, you have to pay a fee for every trade. Coinlock.io charges 0.5% of the market value of the traded Bitcoin.

READ MORE…

Getting Started with Day Trading Cryptocurrency.

Investing in cryptocurrency can be confusing. These are the common questions investors ask: – Can I get a good return on my investment? – Are there any opportunities to make money? Here are the two types of cryptocurrencies that you need to know.


Cryptocurrency Specs FOMO (fear of missing out) Cryptocurrency is a financial system, which also has a specific purpose in the blockchain. This cryptocurrency is available in different forms as known as cryptocurrency.

The major functions of cryptocurrency are to hold the value of a specific currency and to enable the transfer of money. Cryptocurrency marketplace Some of the exchanges areas are known as the Bitcoin market where you can get cryptocurrencies in return for actual currency

Conclusion.

What I would like to say about my Crypto trading journey is that despite being an expert and having spent my entire life investing in stocks, I have found the Crypto markets to be significantly more complex.

In fact, the nature of the market is such that the entire trading market is subject to complete irrationality which usually makes it quite impossible to predict the market movements.

Therefore, the risks involved in making money in Crypto trading are much higher than the risks of making money in the stock market. However, with our technique of creating DIY Crypto Stocks portfolios, we have been able to create a very low-risk portfolio with every possible parameter taken care of.

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