What is crypto trading?
Steps for cryptocurrency trading
01
Make a cryptocurrency account.
You’ll need to open an account with a crypto exchange unless you already own cryptocurrency. The best crypto brokerages on the market include Coinbase, eToro and Gemini.
02
Fund your account
We develop a tailored plan and roadmap, defining objectives, timelines, and milestones for successful implementation
03
Pick a crypto to invest in
The majority of cryptocurrency traders put their money into Bitcoin and Ether. However, trading utilizing technical indicators is possible because these cryptocurrencies move more predictably than smaller altcoins.
04
Choose a strategy
There are a plethora of trading indicators to choose from, and most traders take multiple factors into consideration when buying and selling cryptocurrency. If you’re new to investing, you may want to consider purchasing a cryptocurrency trading course.
05
Consider automated crypto trading
When you seek out a crypto trading strategy, you might try automated crypto trading with a platform like Coinrule. Trading bots enact a strategy that is intended to give you the best results given your investment goals.
06
Store your cryptocurrency
If you’re actively trading your cryptocurrency, you’ll have to store your funds on the exchange to have access to them. If you’re buying your cryptocurrency to hold for the mid to long term, then you should get a cryptocurrency wallet.
Crypto FAQs
Brokers are needed because stock exchanges will only accept orders from stock exchange members - brokers arrange transactions between a buyer and a seller. They receive a commission after the deal is executed (although, at times, they choose to reduce or even eliminate the fees for certain trading products).
When looking for a broker, you need to make sure you take into consideration:
Commissions
Experience
Customer service
Variety of products
They are not the only things to take into consideration, but certainly the elements to start from in your search
Surely the best way to search for a broker is to start from an accurate research. Look for the best reviews, see if there are any customer complaints and details of each broker. Don't be afraid to try brokers' demos, most of them are free, so you don't have to commit to just one platform right away.
But surely the things you need to pay more attention to are:
Transparency
A broker must simply and clearly communicate commissions and anything else they may charge you. A broker who tries to hide this information is to be avoided.
Regulation
There are several major regulatory bodies in charge of supervising brokers, such as CySEC and FCA among the best known. At the bottom of each broker's page you should find the regulation numbers.
Transparency and regulatory oversight are just two of the many factors to consider when selecting a broker.
