What you’ll learn :
- The Importance of time
- Allocating discretionary income
- Have a clear objective
- Cost Averaging as trading strategy
Learn crypto’s section on how to trade cryptocurrency provides a basic foundation for anyone new to the subject. Trading is about trying to quantify and manage risk. Cryptocurrency markets are inherently risky because they are immature but the same types of approach used in traditional trading can be applied.
We’ve introduced the ideas behind Technical Analysis – studying short term volume and price movement – and Fundamental Analysis – analysing broader adoption metrics and influences.
Once you’ve absorbed this information, along with the basic mechanics of where crypto prices come from and the role exchanges play in offering trading, you’re left with the difficult decision on whether trading cryptocurrency is something you want to pursue, and if so, what approach to take?
The answer to that question should come down to the amount of time you can reasonably dedicate and the amount of money you can reasonably afford to invest.
Leave a Reply