Crypto Trading: Why Trading Cryptocurrencies Is Easier Than Trading Regular Currencies

For a long time, I wasn't a supporter of crypto trading, but after recent events, my opinion has changed dramatically.

An experiment with buying multiple cryptocurrencies yielded unexpectedly large profits, with the opportunity to profit from both price increases and downtrends.

Despite all this, I was surprised by the simplicity with which crypto trading works, namely, how much easier it is to trade cryptocurrencies than conventional currencies.

In just a few weeks, I managed to earn more than I had earned on traditional assets in the course of several months, and digital currencies have now become a permanent part of my arsenal of preferences.

So, how does crypto trading differ from the instruments we are used to?

First of all, it's a stable trend. If cryptocurrencies start to rise or fall in price, then it's highly likely that this movement will continue for quite a long time.

Cardano Cryptocurrency: Current Status and Investment Prospects

This cryptocurrency recently attracted the attention of investors due to its record price growth.

In just a couple of weeks, Cardano's price has skyrocketed, from 35 cents to 97 cents per altcoin, or nearly 300%.

It's worth noting that even before this surge, the asset had been steadily rising for several months; on January 1, 2021, its price was only 18 cents.

After such a significant and rapid rise, many are wondering: What kind of cryptocurrency is this, and most importantly, what are its growth prospects?

The Cardano platform was created back in 2014, but the cryptocurrency itself entered circulation at the end of 2017 and is essentially a relatively new currency.

A simple and effective Bitcoin strategy

For many people, stock trading seems like something incredibly complex and only accessible to Harvard or other prestigious university graduates.

This isn't surprising, as most trading strategies are surprisingly complex and intricate.

But in fact, there are simple trading options that guarantee a profit even for beginners.

Moreover, these strategies work well not only in Forex or stock markets, but also for digital currencies.

It can be used for trading Bitcoin as well as other digital currencies. I once managed to make good money with it on Ripple and Litecoin.

How to buy cryptocurrency in real life, the best payment options, including cash

Currently, there are several categories of cryptocurrency users, each with their own goals.

Some trade digital currencies on Forex, taking advantage of high volatility and rapid exchange rate fluctuations, while others use Bitcoin and other cryptocurrencies for savings, payments, or tax optimization.

While speculative trading is relatively straightforward, real-world transactions require a host of considerations, from the exchange location to the payment method chosen.

Today, I'll tell you about a company that has been providing services in the cryptocurrency market to a wide range of users for over three years.

Its main focus is buying, selling, and exchanging cryptocurrencies, as well as providing a number of other services.

List of cryptocurrencies that can be traded on Forex

We've written repeatedly that cryptocurrency trading is possible not only on specialized platforms but also on Forex. Moreover, it's much easier to organize cryptocurrency trading on a currency exchange.

Unlike other currency pairs, digital currency trading is available 24 hours a day, 7 days a week, meaning you can buy or sell digital currency at virtually any time.

There are numerous advantages to trading this asset on Forex, and only one drawback.

This drawback is that not all digital currencies are available in a trader's trading terminal.

However, the situation is gradually improving, and the list of available assets is becoming longer and more impressive.

How cryptocurrency trading works on the exchange

Currencies are the primary and only asset used in forex trading, so it would be surprising if brokers didn't offer their clients the opportunity to trade liquid cryptocurrencies.

The latter's immense popularity offers an excellent opportunity to profit from the difference in bid and ask rates.

Moreover, many investors have become disillusioned with specialized intermediary exchanges that offer similar services.

The advantages of trading through brokers are obvious; listing them all would take many pages.

Here are the main ones: a professional trading platform, leverage, free analytics, trade signals, risk hedging, automated trading, etc.

Beginner traders typically have a ton of questions:

  •     Who provides the opportunity to trade cryptocurrencies on Forex?
  •     What is a trading platform?
  •     Where can I learn trading and how much does it cost?

Trading Dash on Forex

There are several digital currencies available for trading not only on specialized exchanges but also on Forex.

One of these is Dash, which is not just a digital currency but an entire payment system built on cutting-edge technology.

Over 2,000 companies worldwide accept Dash as a means of payment for goods and services.

This asset has a high market capitalization and good liquidity, making it one of the thirty most popular assets in this market segment.

It can be traded both on specialized exchanges and through Forex brokers' trading platforms.

Does digital money have a future?

The first virtual currency, Bitcoin, appeared in 2009. Back then, no one imagined this form of electronic money would gain such popularity.

This currency allowed for complete anonymity for its owner while eliminating some of the drawbacks inherent in other electronic currencies.

After Bitcoin's popularity began to grow, its value began to rise, and hundreds of other digital currencies began to emerge in parallel.

Cryptocurrency trading has become increasingly popular.

Until 2018, many thought this form of payment was the future, with the price of one Bitcoin reaching $19,000 before plummeting.

This dashed the hopes of investors who believed in predictions that the first digital currency could reach the $100,000 mark.

Cryptocurrency arbitrage and whether it's worth using

Arbitrage trading of any financial instrument is the most attractive way to earn money in decentralized markets.

This tactic is especially popular among traders trading popular cryptocurrencies on Forex.

Although quotes for liquid currency pairs are provided by the Chicago Futures Exchange, they can vary significantly

brokers The acceptable margin of error varies within 10 pips. Experienced traders can effectively exploit this in short-term trading.
 
Cryptocurrency trading is developing rapidly, but the prices of digital financial instruments remain unregulated by government or other competent authorities.

Using pending orders when trading cryptocurrency

Trading using a pending order strategy has long been one of my favorite options.

A pending order is a buy or sell order entered into the trader's trading platform that is executed as soon as the price reaches the level you specify.

This strategy has numerous advantages, one of the main ones being that you don't have to constantly sit at your computer screen waiting for the right moment.

This means you don't have to wait for the currency to fall or rise in price; you simply enter the price you want to sell or buy the selected asset.

Cryptocurrency trading using pending orders becomes more efficient.

Stop loss for Bitcoin

Cryptocurrency trading has gradually migrated from specialized exchanges to trader terminals, a transition that has significantly improved trading convenience.

With significantly more options for managing trades, traders can now do more than simply buy bitcoins and wait for them to rise in price. They can

also use various automated trade management tools and hedge risks.

This includes using a useful tool like a stop loss, the necessity of which has long been widely accepted in exchange trading.

A stop loss in bitcoin trading helps protect an investor's deposit and prevent losses greater than planned.

How to mine cryptocurrency

The cryptocurrency market's appeal has grown not because of the anonymity that's talked about on every website, nor because of the rapid growth rate, which has broken all conceivable and unimaginable records.

The fact is that cryptocurrency, as the know-how of the century, has created a kind of template breakthrough: this electronic money can be mined using your computer.

It's the ability to mine cryptocurrency that makes it so special. It's hard to resist a source of additional income, especially if it doesn't require excessive effort.

However, the popularity of cryptocurrencies has brought about adjustments to the mining process, as instructions that were relevant in 2012 are completely ineffective in 2018!

That's why in this article we'll try to break down simple ways to mine cryptocurrency in today's environment.

Mining Difficulty, or Why Now Isn't the Time

Capital always tends to flow toward financial opportunities. Cryptocurrency mining has become one such amazing earning opportunity.

Cryptocurrency pairs and trading them

The main instrument used in Forex trading is currency pairs, the asset used to open orders in the trader's terminal.

With the advent of cryptocurrencies, a new asset emerged: cryptocurrency pairs, in which the base currency is the cryptocurrency and the quote currency is the settlement currency.

Currently, the quote currency is the US dollar in most cases, with rare exceptions, the euro.

Therefore, the Bitcoin/US dollar exchange rate would be BTCUSD - 5257 US dollars.

Cryptocurrency trading using pairs is quite similar to trading regular currency pairs, but there are some unique features.

Key Points of Cryptocurrency Trading

Cryptocurrency trading has recently changed significantly, shifting from specialized exchanges to the forex market.

While previously it was all about buying and holding Bitcoin until its peak price, currency exchanges have now equated crypto with regular currency.

Trading liquid cryptocurrencies on an exchange offers many advantages, but it's fundamentally different from initial trading with digital money.

So, let's move on to the most important aspects of cryptocurrency trading:

1. Speculative trading – first of all, it's important to note that if you buy crypto in a trader's trading terminal, you cannot withdraw this money to your wallet.

On the one hand, this is a minus, but on the other hand, it is a huge plus, since a transaction can be completed in a split second.

Advantages and disadvantages of cryptocurrencies

The enormous hype surrounding Bitcoin and other digital currencies is gradually beginning to subside, with most investors losing significant amounts of money in its decline.

No one now believes that the value of these assets can only rise and generate profits for those who hold them.

Despite this, this asset remains an attractive target for speculation, as trading liquid cryptocurrencies still offers substantial returns.

Trading cryptocurrency on a currency exchange, rather than on a specialized platform, can currently yield significant profits.

Before you begin trading any cryptocurrency on the exchange, it's important to understand the advantages and disadvantages of the chosen instrument.

Why is Bitcoin falling?

Everyone remembers Bitcoin's meteoric rise, which soared to $19,000 per unit in just a year.

But this situation didn't last long: within a week, the asset dropped several thousand dollars and then continued to decline.

Why is Bitcoin falling? What happened to this electronic currency?

  1. What is cryptocurrency?.
  2. Reasons for unprecedented growth.
  3. Reasons for the fall.
  4. What will happen next?.

After the surge in demand for trading popular cryptocurrencies, no one really thought about what they were buying.

In fact, Bitcoin is nothing more than a digital recording in a computer's memory that cannot be worth tens of thousands of dollars.

Ripple trading strategy.

The cryptocurrency market is gradually shifting from spontaneously organized exchanges to interbank platforms, otherwise known as forex.

This means not only increasing trading volumes, but also using the latest advances in trading and the availability of leverage.

The Ripple cryptocurrency itself is highly popular, which gives us hope that the spread on the XRPUSD currency pair will not be high.

Until recently, the main strategy for investors in this type of asset was to buy and wait for growth, followed by selling; now the situation and opportunities have changed somewhat.

Trading Ripple in the trader's terminal.

The most promising cryptocurrencies in 2019. Market stabilization.

For some reason, most investors, when choosing investments in cryptocurrencies, only consider Bitcoin.

Yes, Bitcoin's liquidity isn't comparable to other similar assets, but that's perhaps its only advantage.

Currently, there are dozens of worthy alternatives, all of which also have high volatility, and most importantly, they can be bought or sold fairly quickly.

Moreover, these digital currencies have one major advantage over Bitcoin: they're much cheaper, meaning they have enormous growth potential.

Cryptocurrency trading in 2019 can be successful with the following assets:

What will happen to Bitcoin in 2019?.

Bitcoin's triumphant rise ended a year ago. At the end of 2017, the cryptocurrency peaked at $19,000 and then plummeted.

Bold predictions of a true price of $100,000 didn't help the resumption of growth; within a year, Bitcoin had fallen to $3,000.

Currently, the price has stabilized at around $4,000 per unit and has remained virtually unchanged for two months.

The situation is quite ambiguous for those accustomed to profiting from the growth of this asset; a flat always ends with either an increase or a decrease.

Therefore, most investors are concerned about what will happen to Bitcoin in 2019: is it worth investing in this currency or is it better to choose another investment?

The collapse of the digital money market 2018-2019!

The price of Bitcoin has fallen significantly over the past six months. In December 2017, the Bitcoin exchange rate exceeded the psychological mark of $20,000; today, the coin's price has fallen below $7,000.

Following Bitcoin, other promising tokens continue to plummet.

For example, Ripple (XRP), according to analysts' forecasts, was expected to cost around $10 by September 2018, but today its market value barely exceeds $0.30.
 
There are several reasonable explanations for these events:

1. The governments of the world's largest countries plan to fully seize control of this segment of the currency market in 2019, which will allow them to tax users' income.

For example, in Russia, tax revenues account for more than 65% of the state budget. Can you imagine what would happen if this cash flow dried up?

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