Cryptocurrency Trading Guide For Beginners

Cryptocurrency Trading Guide

Many people want to start crypto trading because they think that it is easy and profitable.

I agree that it is profitable but it is not easy, really.

According to the information we took from the software development company, there are around 70% of newcomers that lose their money during trading just because they don’t have experience or use not a legit crypto signals provider.

Today we will talk about crypto trading and ways you can make it profitable.

First, let’s talk about this popular stereotype that crypto trading is easy and you don’t need the experience to trade.

Of course, it doesn’t mean you need to spend two or more years learning crypto but I advise you to spend 1-2 weeks and read useful guides and articles.

It will really help you to avoid some mistakes in the future and don’t be scammed by crypto services.

Then, as soon as you know what are stop-losses and leverages (but if you were the Forex trader, you need to know this), you can open your account on the crypto exchange. I advise you to work with approved and experienced exchanges like Binance or Bittrex.

Then you need to make the decision – to hold all of your cryptos on the crypto exchange account or to hold some assets on the crypto wallet.

If you choose the first option, you don’t need to look for the best crypto wallet now. If you choose the second option, it will be time to find a good wallet.

You have a lot of options – hardware, online, mobile, paper, and desktop wallets. Desktop and paper wallets are not very convenient in use, that is why you can choose one from hardware or online wallets. If you want to provide the highest security for your assets, you will better choose the hardware wallet, and if the convenience is more important for you, you can download the online wallet.

At the beginning of the article, I mentioned that there are crypto signals providers. So yes, if you don’t want to learn technical analysis, you can find the legit provider that will offer you profitable crypto predictions, such as OTC top gainers.

There are around 500 such channels but only several of them are fair. That is why, not to be the victim of scammers, you will better check every service properly.

I hope this guide will be useful to you and you will make some important conclusions for your trading.

So, trade slowly and wisely, and you will be able to become a professional trader!