Author: Cristina Macias

Cryptocurrency trading is a whole new market that’s quite similar to stock and Forex trading, and yet has several notable differences to make it a unique asset. If you’re interested in giving cryptocurrency a go, here’s a quick primer and reference for you. Where Can I Buy and Sell Cryptocurrency? Gaining a foothold in the crypto market is definitely easier compared to stock trading. You won’t need to hire a broker to get involved- you just need to find a good crypto exchange online. A cryptocurrency exchange is an online hub where cryptocurrencies get bought and sold. There are lots…

You may have decided to enter the cryptocurrency market but don’t know a thing about trading. Once you’ve learned a bit about cryptocurrency as an asset and understand the risks and tools you need to succeed, you’ll need to adopt a strategy to make profits. As for the types of cryptocurrency strategies you can try, there are two- the short term and long term methods. Here’s an explainer on each of them. The Quick Fix Short Term Trading In this type of trading you think of cryptocurrency as immediately expendable and to be traded for profit. You don’t become too…

Technology has unlocked several money-making methods such as cryptocurrency trading and Forex, among others. The beauty of it is you can participate in both at the same time! Part time Forex trading is definitely possible. Here are 6 tips to get you started. Learn the Ins and Outs of Forex No matter the goal, whether it’s part time or full time Forex trading you should know what you’re getting into. In the Forex market you can start by familiarizing yourself with the factors that drive movement. Books, online content and check on Forex calendars, as well as courses so you…

Beginners who are looking to day trade Bitcoin and other cryptocurrencies will eventually become familiar with the ins and outs of the market, as well as several rules they should follow to make a profit. But why experience mistakes when you can learn beforehand so you can avoid them? Here are 6 easy tips for day trading, rookie style. Set a Timeframe Yes, crypto exchanges operate 24/7 and you can initiate a trade anytime you like even if it’s in the middle of the night, but that shouldn’t mean you shouldn’t do anything else. For this reason it’s important to…

Much like stock trading and Forex there are a few and hard rules you should follow when you invest in cryptocurrency. These mistakes usually happen throughout the course of the investment journey, but you can potentially avoid them and learn from these 5 errors by reading about them now. You Don’t Know Anything About Cryptocurrency It’s a common rookie mistake to dive in eagerly and not know what to expect. You assume that all cryptocurrencies are the same and that they’re just assets that can be bought and sold. What you should know is that cryptocurrencies are volatile, which means…

Every cryptocurrency investor will arrive at the point where he or she will choose a cryptocurrency trading platform among dozens that can be found on the internet. It’s a big decision that shouldn’t be taken lightly. Also, there are several important factors you have to take into account. How Much Are The Fees? Fees in a crypto exchange should strike a fine balance between not being too high nor being too low. Exchanges who are offering users too cheap a transaction cost are either not legitimate or lack robustness in terms of security. In the same vein, you wouldn’t be…

It’s hard not to look at the hype cryptocurrencies have brought into today’s times. You could be tempted to invest all your savings into Bitcoin without knowing about its volatility. Those who are on the fence about crypto should take a look at these 4 facts before diving into the digital asset. You Should Always Read the Crypto’s White Paper Other than Bitcoin, it’s always worth the time you take to research about a particular asset before putting down money for it. All the specifics about a cryptocurrency is available in its white paper. It’s a document that lays out…

Cryptocurrencies have become so popular that it has spawned a lot of buzz and myths that are looked upon as truths. Traders and investors should be able to know these 5 myths before putting down capital in the crypto market. Cryptocurrency is Bad for the Environment Cryptocurrencies are digital assets with no physical shape or size whatsoever. One way to obtain them is by mining, or using a hardware to solve complex tasks and getting a bit of the cryptocurrency in exchange for it. Not just any machine can mine cryptocurrency- it has to be powerful and thus, consume a…

Buying Bitcoin may seem like a daunting task, but the truth is it’s no different than buying a product on Amazon or any other e-commerce shop. Whether as an investment, for trading or as a keepsake, here’s how you can buy the amount of Bitcoin you want this 2021. Step 1. Pick a Crypto Exchange A cryptocurrency exchange is where you can hold, sell and buy cryptocurrency. It’s recommended you start with one that allows quick transfers to your personal wallet for safekeeping. Cryptocurrency exchanges vary from decentralized to ones that require a user account. The most popular ones are…

Among the hundreds of cryptocurrencies circulating around the market, two names- Bitcoin and Ripple are the most prominent in terms of liquidity, potential and application. Which is better, XRP or BTC? Let’s compare both of them below. An Introduction to Ripple It’s easy to confuse Ripple with XRP, but they are two different entities. Ripple is the company that created XRP, which is a digital asset. Ripple changed course and became a platform for money transfers. XRP was designed as an intermediary between two cryptocurrency networks. Ripple has its roots in the real world and is backed by financial institutions…