How to Get Started Trading

Cryptocurrency (Step by Step Guide)

In this video, I'm going to show you how to get started trading cryptocurrency. I'll walk you
through the step-by-step process of setting up your account and teach you how to make
profitable trades. So if you're ready to start earning money from the volatile world of digital
currency, then watch this video and follow along.

If you're looking to get into cryptocurrency trading or investing, I have nine concrete tips in this
video that can help you get up to speed. I'll list them as timestamps in this video description so
you can get to each one very quickly other helpful video resources and information all of that will
be in the description as well so definitely check it out down there.

Use Trusted Platforms

When it comes to cryptocurrency trading and investing, there are a few key platforms that you
should be aware of. Use platforms that can be trusted. Remember that not all platforms are
legit. Some may disappear in a few years like what happened with quadriga (search about
what happened on google) You need to research the platforms first. Find out who the
founders are, reviews from people and how easy the withdrawal process is.

If you're looking to get started with cryptocurrency trading or investing,Find a platform where
you can buy and trade crypto. Find one that also allows you to convert your crypto to fiat. I
buy crypto from Newton. It's a reliable platform and the transactions are fast and easy. I use
Bitmex for trading. You can deposit bitcoin, USDT there to trade with other coins. See their
FAQs on cryptos you can deposit there.

(1) Find a platform where you can buy crypto. E.g. Newton, coinbase, Kraken

(2) Find a platform where you can trade crypto. Examples of which are binance and bitmex

(3) Find a platform where you can withdraw your crypto to fiat

That's it! Those are the basics of how to get started trading cryptocurrency.

Understand Stablecoins
Cryptocurrency traders use stablecoins to minimize their risk when trading. A stablecoin is a
digital currency that is pegged to the value of another asset, such as the US dollar or gold.
There are a few different types of stablecoins, but the most popular one is the USD-backed
stablecoin. This type of coin is backed by the US dollar and can be traded on exchanges for
other cryptocurrencies.

Another popular type of stablecoin is gold-backed stablecoin. This type of coin is backed by gold
and can also be traded on exchanges for other cryptocurrencies.

Traders often convert their crypto to a stablecoin to avoid the volatility of the market.

The Power of Limit Orders

A use limit order is an order to buy or sell a security at a specified price or better. This type of
order is used when you want to buy or sell a security at the best possible price, but don't want to
wait for the market to reach that price.

Limit orders are often used by traders who want to take advantage of short-term changes in the
market, or who want to avoid paying the full market price for a security.

It's important to remember that limit orders might not always be filled, especially if the market
price doesn't reach your limit price. To place a use limit order, you may also have to pay a fee or
commission.

Cryptocurrency Charts for Beginners

When you are looking at cryptocurrency charts, there are a few things that you need to take into
account. The first is the price chart. This is the most basic chart and it shows the price of a
cryptocurrency over time.

The second type of chart is the volume chart. This chart shows the amount of a cryptocurrency
that has been traded over time.

When you are looking at these charts, you need to pay attention to the trend lines. These are
the lines that show whether a currency is going up or down in value.

You also need to pay attention to the support and resistance levels. These are the levels where
the price has a hard time going below or above.

Crypto Spot vs Futures Trading

Cryptocurrency spot trading is the buying and selling of cryptocurrencies on exchanges. These
exchanges allow traders to buy and sell cryptocurrencies at the current market price.

Cryptocurrency futures trading is the buying and selling of derivatives contracts that are based
on the price of cryptocurrencies. These contracts allow traders to buy or sell cryptocurrencies at
a predetermined price in the future.
Spot trading is more suitable for short-term trading, while futures trading is more suitable for
long-term trading. Both spot and futures trading have their own advantages and disadvantages.

How to Use a TP and SL

When you are trading cryptocurrency, it's important to use a stop-loss order (SL) to protect your
investment. A stop-loss order is an order to sell a security at a specified price. This type of order
is used to protect your investment in case the market moves against you.

Traders often use a stop-loss order to limit their losses if the market price goes down. It's
important to know that a stop-loss order may not always be filled, especially if the market price
doesn't reach your stop price. You may also have to pay a fee or commission to place a stop-
loss order.

You can also use a "take profit" (TP) order to profit when the market moves in your direction. A
take-profit order is an order to buy a security at a certain price or higher. This kind of order is
used to make sure you make money even if the market price goes up.

Choose Your Coin

When it comes to choosing a coin to trade, there are a few things you need to take into account.
The first is the market cap. This is the total value of all the coins in circulation. The higher the
market cap, the more stable the coin is.

The second thing you need to look at is the price. You want to choose a coin that is affordable
but still has a good chance of going up in value.

The last thing you need to look at is the volume. This is the amount of trade that is happening
for a particular coin. The higher the volume, the more liquid the market is, and the easier it is to
buy and sell coins.

Trades News and Events

Cryptocurrency traders need to know what's going on in the world so they can make good
trading decisions. Here are a few of the most important news and events happening in the
cryptocurrency world right now:

1. The SEC is cracking down on fraudulent ICOs.

2. Bitcoin is experiencing a bull run, with the price reaching new all-time highs.

3. Ethereum is a hard fork, with the new chain being called Ethereum Classic.

4. The Bitcoin network is experiencing congestion, leading to higher transaction fees.

5. New legislation in Japan is recognizing Bitcoin as a legal form of payment.

6. The Chinese government is cracking down on cryptocurrency exchanges.

7. The Russian government is considering legalizing cryptocurrency trading.

8. A new study shows that the majority of Bitcoin users are male and aged 18-34.

9. The Winklevoss twins have launched a new cryptocurrency exchange called Gemini.

10. A new report shows that the majority of Bitcoin users are in North America.

Macro Analysis
When trading cryptocurrency, it's important to be aware of the macroeconomic factors that can
affect the market. These factors include things like inflation, interest rates, and monetary policy.

Inflation is when the price of goods and services rises over time. This can be caused by things
like an increase in the money supply or an increase in the cost of production.

Interest rates are the prices that lenders charge to borrowers. They can be affected by things
like inflation and the demand for loans.

Monetary policy is the way a government or central bank controls the money supply. This can
be done through things like interest rates, quantitative easing, or fiscal policy.

Each of these factors can have a big impact on the price of cryptocurrency. That's why it's
important to be aware of them when making your trading decisions.

This in-depth guide on how to get started trading cryptocurrency. it's important to be aware of
the latest news and events happening in the cryptocurrency world. I also recommend keeping
up with macroeconomic factors that can affect the market. To learn more, be sure to subscribe
to my channel for updates. Thanks for watching!

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Keywords and Tags

cryptocurrency, trading, how-to, step-by-step, guide, market, news, events, Inflation, interest
rates, monetary policy, Bitcoin, Ethereum, Classic, Gemini, North America, Japan, Russia,
China, SEC, ICOs, bull run, hard fork, congestion, transaction fees, legislation, study, users,
male, 18-34, Winklevoss twins.
YouTube Description
I'll show you how to start trading cryptocurrencies in this video. We'll go over the basics of what
cryptocurrency is, how to set up a wallet, and how to buy your first coins. So, whether you have
never invested before or have been doing it for a while, this video will have something for you.