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Jun 16 2018 10:58am
crypto trading tips to earn like a crypto trader

Cryptocurrency trading or crypto trading can be highly profitable if you play your cards well. In this article, I will discuss all the facts associated with crypto trading and all the resources, tools, and tips required before starting the crypto trade

Cryptocurrency volatility is a traders dream. If market movement pattern analyzed correctly, then huge profit can be made in short span of time. But make no mistake volatility doesn’t mean profit is guaranteed, where there is high volatility, there’s high risk.

The human mind, which excels at pattern recognition, struggles with random outcomes. Hence even expert, Forex or crypto traders find it difficult to recognize the Cryptocurrency market pattern.

Benefits of crypto trading
Crypto trading has major benefits over trading Forex, stocks, and commodities. So below listed points explains why crypto trading is far simpler than forex trading

1.Bitcoin & altcoin (Global currency) –
Bitcoin and other top Bitcoin alternatives (altcoins) are the global currency. Any central government does not control it. So it doesn’t depend on any given country economy or policies. Bitcoin currency is not a fiat currency. Cryptocurrencies can be sent from one user to another without any involvement of the third party like banks. Cryptocurrencies can’t be printed, unlike regular money.

When central bank print lots of money, inflation goes up which makes the currency value going down. Since there is a finite number of Bitcoins ( 21 millions of them) and the same hold true for other Cryptocurrencies. So supply side can’t be increased which makes cryptocurrency trading less prone to inflation.

2. Crypto trading is available round the clock 24/7 –
Cryptocurrencies can be traded non-stop 24 hours 7 days a week. Unlike forex, stock, and commodities which only operate during business hours and closed on weekends. Cryptocurrency trading remains active round the clock.

3. Cryptocurrency is volatile –
Cryptocurrencies volatility can results in the high return on investment (ROI) in short span of time. Hence, a crypto trade can yield high profit within few hours. Cryptocurrencies also the cheapest asset to trade as there are minimal fees on cryptocurrency trading exchanges comparing to traditional exchanges for forex trading.

How to become Bitcoin millionaire?

Cryptocurrency deposits and withdrawals are also quick, and documentation is not as hectic as in traditional forex trades. You just need to have any cryptocurrency in your trading account wallet, and you can start trading.

4. Leverage at crypto trading platforms
Leverage trading means you can start the crypto trade way more than your capital investment. Top cryptocurrency trading platforms like Bitmex offer leverage of 1:10. For example, every 10 $ you invest, you will have the possibility of trading cryptocurrency worth 100$ at Bitmex.. [URL]https://www.coinexpansion.com[/URL]

This post was edited by coinexpansion on Jun 16 2018 11:08am
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