- COMPLETE GUIDE TO CRYPTOCURRENCY ANALYSIS - Master The Crypto
- The Total Beginner's Guide to Cryptocurrency Trading
- Crypto Guide for Beginner Traders - Easy steps
- Cryptocurrency Trading – Best PDF Guide For Beginners
- Crypto-Trading Guide
Brokers are very different regarding their features. Choosing the right trading platforms in advance is pretty helpful so you won’t need to change your broker soon again once you find out that essential features aren’t supported.
COMPLETE GUIDE TO CRYPTOCURRENCY ANALYSIS - Master The Crypto
Secondly, you want to make sure your preferred cryptocurrency is listed on the exchange. The most popular Crypto Exchange is CoinBase. Many altcoins are only listed on specific crypto exchanges. Make sure you choose an exchange that offers the altcoin you wish to trade.
The Total Beginner's Guide to Cryptocurrency Trading
Your chart setup should basically have 8 windows. One for the Bitcoin chart and the second one for the Ethereum chart. Last but not least, make one window for the OVB indicator.
Crypto Guide for Beginner Traders - Easy steps
Let's say that a hacker gets into your bank's computer tomorrow and transfers all of your money to his account, then deletes any trace of the transaction. With today's technology, you would probably be screwed.
Cryptocurrency Trading – Best PDF Guide For Beginners
When you see the balance in your destination exchange account, you are now ready to buy altcoins. Here's what it would look like when you have a Litecoin balance at Poloniex. This can be found in Balances Deposits and Withdrawals in Poloniex.
Many of them will allow you to use a credit card or link a bank account. As much as possible, do not store your cryptocurrency at the exchanges because they can be hacked. See the cold storage section in this post for details on how to store you coins safely.
You can also ask the developers questions and get the inside scoop before some of that information is widely known.
No technical indicator is 655% effective every single time. In this regard, our team at Trading Strategy Guides uses the OBV indicator with other supporting evidence to sustain our trades and gain more confirmation. The next step comes from the Ethereum trading strategy which will be used to identify Bitcoin trades.
Then transfer it to another exchange that has the altcoin you want. You might have to try several different exchanges before you find one that allows you to open an account.
If you didn't know this and bought a bunch of it, thinking that it's cheap compared to Bitcoin, you will tie up your money in an asset that will never appreciate. Sure, you won't lose money either, but you would have lost out on other opportunties.
Notice that other coins like Ether or Litecoin are not accepted. However, the fact that Bitcoin is accepted, is a big step towards the adoption of other cryptocurrencies.