HOW TO TRADE CRYPTOCURRENCY - FOR BEGINNERS A Beginner's Guide To Cryptocurrency Trading (Bitcoin, Ether And More).As traders, our job is to take advantage of opportunities in the markets. Sometimes, these opportunities come in the form of entirely new markets.
I've been interested in cryptocurrencies for a few years now, but I've been very reluctant to trade them, much less write about trading them. I felt that there was just too much risk. Especially for the average trader.... and quite frankly, I didn't understand them well enough myself.
The first time that I saw them as viable for trading was when I went to this conference. I saw Chris Dunn talk about trading Bitcoin, but I was still skeptical that it would stay around for the long-term...until recently.
I credit my friend for talking to me about it on Twitter and opening my eyes to the potential in trading this emerging market. I'm not sure if he wants to be named, but you know who you are. I sincerely appreciate the education and helping me see the light!
This is a perfect example of the benefit of staying in touch with other traders on platforms like Twitter.
Anyway, as I have done more research and have actually started trading them, I have found that there are tremendous opportunities. With some coins, it's potentially like being able to get pre-IPO shares of Microsoft. But there are also big risks. Remember, the dot-com bust?
There will probably be losses of that magnitude too. That's just how these new technologies work.
So in this book, I want to share with you my knowledge of the cryptocurrency markets and give you a total beginner's guide to trading them.
For you crypto veterans, this will be very simplified, but my goal is to make this information as easy to understand as possible so new traders can make an informed decision about the opportunities. Once people get the general concepts, then they can geek out about the details.
This is the future of FX trading. So in addition to USD/CHF, CAD/JPY, and EUR/GBP, we also need to be aware of XLM/USD, ETH/BTC, and XRP/LTC...
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