Cryptocurrency Introduction

Besides Bitcoin, there are a lot of other Cryptocurrencies and digital currencies. You can use your invested funds into Axecc Crypto Currencies to trade all of these currencies. This allows you to trade multiple currencies. Although Bitcoin is the biggest and most known Cryptocurrency it is not the only one.

We able you to trade any Cryptocurrency you choose it makes your life much simpler and opens the full menu of Cryptocurrencies for you to trade without having to open an account in each currency separately. If you had to open multiple accounts is would dilute your ability to trade when you choose and if you needed your funds to trade a different currency then you would have to wait to sell and receive your funds form one before you can trade the next.
If you want to trade Bitcoins, you need to research on what Bitcoin trading is all about before jumping in. Trading Bitcoins is just like trading any other currency, buy low/sell high concept. It’s the same as the other currencies in terms of the idea and functionality behind it but it is still comes with risks caused by volatility and unpredictability, that is why we recommend you follow the education structure and/or work with a Bitcoin analyst. If you want to succeed then you need to have a well-defined strategy. You need to know precisely what you want when you open a trade. You need to know what duration you are dealing with and what kind of changes would make you rethink your position. There are multiple levels of trading strategies which may give you an idea where to start.

Trading cryptocurrency

Trading the News

Trading the News

The price will often go up or down according to what is happening in the news. For example, a big exchange getting hacked or a government announcing draconian legislation may make the price go down, whilst exciting new start-ups getting funded, established businesses integrating Bitcoin or friendly regulations being announced may all make the price rise. Trading the news directly is very difficult to do as your main strategy – because it’s difficult to always hear the news first and react instantly. Most of the time, the market will already have moved before you get there – although if you are an obsessive news junky who is always logged into an exchange website or app then you may be able to get their first often enough for it to be worthwhile. Another method is to capitalize on corrections. Often the market will over-react to big news stories as people get caught up in the moment or jump on the bandwagon without really thinking things through properly. Because of this a 20% fall, for example, will often be followed immediately by a 5-10% rise as the market corrects this over-reaction. This provides an additional way to trade the news and make a profit.
Fundamental analysis

Fundamental analysis

Fundamental analysis may be more familiar to stock market investors, but can also be used as a Bitcoin trading strategy. All it means is that you look at the fundamental data which affects the price – number of wallets, number of active wallets, number of transactions per day, volume traded on exchanges, volume reported by retailers who accept BTC, and so on. You then use this data to estimate what you think Bitcoin should be worth right now. You can then decide whether you think it is currently undervalued or overvalued (and how confident you are in that assessment) and then buy or sell accordingly.
Tools and indicator

Tools and indicator

There are many tools to help you profit, and minimize your losses. Two you should learn about are limit orders (which execute a trade at a certain price, whether you are there or not) and stop-losses, which can be used to lock in profits when the price changes direction after moving in your favor. You will also learn to read the market by keeping track of different indicators. Technical analysis is an extremely complex discipline, but you can start to understand the underlying trends and forces that shape the market by learning about volumes, moving averages of different kinds, and different patterns that emerge in the charts.

METHODS OF TRADING

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