You’ve probably heard a lot about Bitcoin so far, and you may have heard that Cryptocurrency market is very volatile, but what you do not know is that it could make a big profit for those who understand the risks associated with it.
Cryptocurrency have become a prominent place in all global economic forums, indicating a change in the reality of the financial sector. The 2017 can be considered exceptional by all standards, and deserves to be well-deserved year-end digital rebound. And there has been a strong tendency from banks to bring these currencies under its umbrella after having achieved a record success.
Economists believe that Cryptocurrency have become a very promising investment opportunity, and although some see it as highly volatile and vulnerable, others see it as a major investment opportunity. People around the world have made a fortune by investing in them, some of whom have reached $ 400 million.
Investing through trading
Cryptocurrency market has rebounded recently thanks to record highs in the form of “soft” and “ethium” and the total value of the Cryptocurrencymarket last month jumped to more than $ 100 billion, according to Bloomberg.
Trading on these currencies has become a very big investment opportunity, and can return to its owner with profitable profits, and in the world there are people who have already become very large fortunes.
To start trading on Cryptocurrency, there are two main steps
Step 1: You must have a home with you. There are many intermediaries where you can buy a house or any other currency and pay them by dollar or euro. At first we recommend buying a Bitcoin.
Note: It is not necessary to buy 1 whole house (the price of the house today is over $ 2200), but you can buy fractions or parts, for example 0.5 or 0.01 home, no problem. Where the parts of the Bitcoin are called “Satoshi” (500 thousand Satoshi equals 0.005 BTC).
With a little Bitcoin you can trade on all other Cryptocurrency.
Step 2: You must take the broker from the broker or the person who will send it to your wallet address or directly to your Bitcoin address on the trading platform where you will trade on various alternative currencies.
Before you actually start Cryptocurrency trading , here are 10 important tips:
First. Start investing by your financial capabilities. It is best not to venture or borrow large amounts of money for trading, since it can be difficult to pay off afterwards.
Second. Draw the path of success through specific trading goals such as follow-up currencies and know the best buy price and the best selling price in the short and long term with an attempt to search for articles related to this currency in the near and long term.
Thirdly, Avoid worrying and rushing to make your decision in every deal. Now losing trades may be successful in the future and vice versa.
Fourthly. Do not trust the false news about currencies, which often come from some investors in the talks from within some platforms or from some people in communication sites who do not know their actual experience in this area.
Fifth: Do not rely on guessing or luck, the investor or successful trader always looking for information wherever it is, to benefit from it.
Sixth: Learn from your mistakes because you will not be able to develop your business without learning from every mistake I have made before.
Seventh: Learn to analyze data, prices and news yourself.
Eighth: You must love and believe strongly in this field, and do not consider it a field of quick profit, but a field for prospects of future success.
Ninth: Teach yourself on the one hand and learn from the experiences of others on the other.
Tenth: Do not make trading your concern because doing other leisure activities is an opportunity to review your trading strategy.