Crypto Trading: What Do You Really Need to Know?

Crypto Trading: What Do You Really Need to Know?

 

Cryptocurrency trading is constantly changing as new coins are released, and new ways to trade them are introduced. Even for experienced traders, crypto trading can often seem arcane and confusing. In order to profitably trade crypto, there’s a number of things you should know before getting started.

Professional analysts at Monfex have created a quick primer so you can read up on crypto trading, get educated, and start trading crypto today. And, once you’ve absorbed the key facts, you can head to the Monfex site, sign up for an account, and start trading with confidence.

> Crypto Markets Don’t Close

Unlike traditional markets, crypto markets are available 24/7. That means that while trading volumes can change as countries wake up or go to sleep, there is never a pause in trading – you have to be ready to take advantage of swings and be aware when trends are not going your way and respond accordingly.

start=”2″> Cryptocurrencies are very volatile

While traditional markets like stocks or forex are relatively stable, cryptocurrencies can swing up or down by large amounts in a matter of minutes or hours. This volatility can be daunting for some, but for others, it represents an incredible opportunity.

However, lately, cryptocurrencies have been moderately stable, meaning that a crypto trader needs to be able to take advantage of both volatility and stability. One of the best ways to make money during a stable market is by using leverage, such as the 50x leverage offered […]