Bitcoin was the first digital currency to be created. It is also the most respected, well capitalised and highly traded Cryptocurrency in the world. Cryptocurrency trading allows for maximum yield when it is volatile, due to its many ups and downs. This is precisely the reason global traders enjoy Bitcoin trading. Jul 29, · The first step to get started trading bitcoin is choosing a reliable platform. When starting out with bitcoin trading, we recommend that you opt for a user-friendly, regulated broker such as eToro. Feb 01, · Learn Bitcoins and Cryptocurrencies Here. Sections. Get started with Cryptocurrencies the right way. About Crypto. If you're visiting this site, chances are that you are interested in knowing more about Bitcoin but have absolutely zero clue in where to start. We recommend starting here.
Learn about bitcoin tradingHow to trade Bitcoin - Learn Bitcoin Trading | AvaTrade
The market for digital tokens has grown significantly in the past few years. Unlike the stock market which only offers basic shares in companies, the broad range of investing potential makes digital tokens incredibly attractive to shareholders.
Here are a few types to be aware of. Digital Currencies These make up the most well-known and […]. Designed by RJH Solutions. Toggle navigation. Learn About Bitcoin. About Crypto If you're visiting this site, chances are that you are interested in knowing more about Bitcoin but have absolutely zero clue in where to start. For example, if you buy Bitcoin today at x price and it shifts to y price because of some forces in the market, you will have made a z profit, without any hassle.
Bitcoin halving also increases the chance of making a good income. The crypto market does not close at the end of the day. Unlike stocks which are specific to a given country, cryptocurrencies are universal. With the difference in time zones, one can access the industry at any time of the day. Also, there is a significantly large number of Bitcoin and crypto exchanges around the world that facilitate secure trading. The first step in trading Bitcoin is to open an account on a trading platform that allows the buying and selling of Bitcoin.
You can do this on platforms like AxiTrader , Coinmama , Paxful , and several others. The account opening process differs from one platform to the other. Nonetheless, opening an account is usually easy and may require you to provide your email address, name, and a password only. For setting up an account with AxiTrader, go to www. Every successful project relies on there being an efficient strategy.
In trading Bitcoin, you will also need a strategy that you can rely on in your trading journey. The strategy will help you know how to go about with opening and closing orders and entering and exiting trading positions. Bitcoin trading strategies are quite easy to follow. As you get into trading Bitcoin, you have to devote time to researching the industry.
Be updated on all the current affairs and any factors that may affect Bitcoin trading. With this awareness, you can make more accurate forecasting on trends, which is key in trading. You will also learn a lot as you research, and regardless of how advanced your trading tools are, knowledge is the best tool you can have in Bitcoin trading.
The final step in getting into Bitcoin trading is for you to place your first trade. Most, if not all, Bitcoin trading platforms will give you a chance to either start with a live account or a demo.
This reduces the risk of losing your money on a platform. Day trading requires one to open and close an order within a day. This strategy is suitable if you want to profit from the short-term fluctuations in the Bitcoin market. You earn by catching trends as they form and then holding the position until the trend is complete. It is based on changes in market momentum.
Scalping is all about placing multiple small trades on minor movements of the Bitcoin price. This strategy calls for someone patient enough to catch and get into the intraday trades. You will benefit from this strategy if you are not after large profits, after a long time. You can also automate your Bitcoin trading. Most trading platforms will provide you with this option. While the number of people getting into cryptocurrency trade continues to increase, a large percentage of them are not fully aware of the difference between Bitcoin trading and Bitcoin investing.
Before we delve further into the guide, it is important to understand what Bitcoin trading is and differentiate it from Bitcoin investing. Bitcoin Investing is the case where people buy Bitcoin for the long term. They hold onto the belief that the price of Bitcoin will ultimately increase at some point. That is why Bitcoin investors tend to be more inclined to hodling their currencies. On the other hand, Bitcoin trading is where people buy and sell Bitcoin over a short period.
It is aimed at making a profit from the Bitcoin price fluctuations. While Bitcoin investors are more interested in understanding the technology around Bitcoin, Bitcoin traders are only focused on making profits. Nonetheless, it is important to note that you can choose to invest in Bitcoin, and still trade it at the same time. Understanding the history of Bitcoin is important for anyone that wants to learn how to trade Bitcoin.
Satoshi Nakamoto founded Bitcoin in , and over the years, it has experienced massive change, ups, and downs. Bitcoin has experienced four bull markets already. In just one night, many Bitcoin traders were made millionaires.
You can either trade Bitcoin via exchanges or online brokers like FP Markets. You can choose to trade from either platform and still make a profit. It all depends on what you are comfortable with. StormGain is one of the leading Bitcoin trading platforms where traders can focus on leverage trading. To start trading, you will need to register on the platform by providing your email address, phone number, and a password.
It is important to note that StormGain has an intuitive trading platform that shows real-time trading data that makes it easy to open trades. StormGain also gives you the option to trade Bitcoin, or exchange it with another cryptocurrency like ETH.
You can also use your credit or debit card to buy Bitcoin on StormGain. You will be required to make a minimum deposit of 50 USDT for you to trade. However, the minimum amount you can use on a single trade is 10 USDT. StormGain provides a X leverage for traders and also has some of the lowest compared to other exchanges.
Paxful is more of a Bitcoin trading marketplace where buyers are connected with sellers. To start trading on Paxful, you will first have to open an account. Upon opening your account, you will be assigned a free Bitcoin wallet. You can begin your trading journey by clicking on sell Bitcoin first.
You will be redirected to a page where you can choose the payment method and also the seller to buy from. Paxful shows you a list of those sellers that accept the payment option you choose. You have the liberty to trade with any seller that you find suitable for you.
It is important to note that the Paxful fee is determined by the payment method you choose. Generally, Paxful offers low trading fees. It provides several payment options and allows for trading Bitcoin with other cryptocurrencies. You can convert your fiat currency to Bitcoin and vice versa on Cex.
The platform offers an intuitive dashboard for trading and margin trading. It is important to note that Cex. It also supports the use of credit cards in cryptocurrency trading , which gives it an edge over several other Bitcoin exchanges. Day trading: Closely watch short term fluctuations and take a position on anticipated changes. Close the trading at the end of the trading day. Swing trading: Consider the trends from the point where it starts and continues in that position until a negative trend is seen.
Automated trading: We should automate our trading processes and should react according to the changes. From our website you will get the detailed information regarding different strategies of bitcoin trading. We have chosen a trading strategy, but for beginners, a trading plan is also needed. It will help us to make good decisions even when the stake is very high.
For building a trading plan, we should have a goal about what we want to achieve. Then we should consider the risks associated with each trade. Then calculate an approximate profit we get that will overcome our losses. Before starting bitcoin trading, we should go through the important news related to it. We should have an understanding of the latest prices and risks in the market. When we check the trend of bitcoin for the past few years, we can interpret its behavior.
Once you made up your mind and have settled at a position, we should place a trade. The first step is to enter the amount we are ready to stake. We should confirm our conditions. When trading is happening not according to our expectations, set a stop to close our position.
If we expect the value of bitcoin will rise, then we can buy it. But if your expectation is that the price will decrease, then we should sell. Sign in. Log into your account. Forgot your password?