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Crypto Trading: A Guide for Beginners to Know About Cryptocurrency Market, Crypto Investing, and Cryptocurrency Mining by Andrew Elder
English | October 19, 2021 | ISBN: 1803032634 | 308 pages | EPUB | 1.50 Mb
Are you looking to make some quick cash? Do you enjoy the thrill of trying your luck at games of chance? If so, trading cryptocurrencies might be for you.
Keep reading to know more!
This book will talk about what cryptocurrency trading is and what it takes to become a successful trader.
Crypto-trading (or just "trading") is an activity that involves buying and selling cryptocurrencies in an attempt to make some money on the fluctuations in the price of these digital assets.
There are many ways to get into this rather fast-growing market, whether you choose to buy cryptocurrencies directly on an online exchange or in one of the many crypto-to-crypto trading services such as Coinbase, Kraken, or Bittrex.
The risks involved in trading cryptocurrencies are not insignificant. At the same time, it can be very lucrative for some traders; there are plenty of stories of traders who have lost everything.
The market movement of cryptocurrencies is extremely volatile so that trading can be quite risky. However, following the tips we'll present below will help you make more money over time.
Crypto-trading works by buying a cryptocurrency when it is relatively low and selling it after some time when the price has reached a certain level. To make more money, you need to predict exactly when the coin price will reach that level.
Crypto-traders aim to be able to buy low and sell high, otherwise, you wouldn't have anything else to trade in the first place!
Suppose you don't have the skills or experience necessary for this kind of activity. In that case, you can still participate in trading by buying and selling coins from other traders. As traders buy and sell cryptocurrencies on an exchange, the prices can change rather quickly.
You can make money by buying and reselling coins at a higher price, taking a small profit from the rise in value.
This book covers the following issues:
- What Is a Cryptocurrency?
- Why Make Trading in Crypto?
- Recognizing the Risks of Cryptocurrency
- Looking About the Hood: Blockchain Technology
- How Does Cryptocurrency Work?
- Crypto Mining
- Crypto Futures and Options
- Resources for Personal Portfolio Management
- Tips for Getting Started With Cryptocurrency
And much more!
Trading cryptocurrencies is a good way to generate passive income. It's something that works for you while you sleep, without you having to do anything else!
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