Crypto Trading (BASICS)
Trading cryptocurrencies has become one of the most profitable activities in fintech
It can be very speculative, and knowing what trading tools are available might help investors make better and less risky decisions.
In my crypto trading sessions you will grasp the basics of the different order types in cryptocurrency trading,
“There are 3 eras of currency: Commodity based, politically based, and now, math-based. “ .
– Chris Dixon
Venture Capitalist at Andreesen Horowitz
Here are some crypto trading basics you will learn:
Market Types:
Spot Market - Trading cryptocurrencies for immediate delivery and payment
Order Types:
Market Order - Buy or sell a cryptocurrency at the current market price
Limit Order - Buy below or sell above a specified price
Stop-Loss Order - Sell to limit losses if the price drops below a set level
Trading Pairs:
Common pairs are BTC/USD, ETH/BTC, LTC/BTC etc.
The first cryptocurrency is the base currency, the second is the quote currency.
Cryptocurrency Exchanges:
Major global exchanges include Coinbase, Binance, Kraken, Gemini, etc.
Research an exchange's fees, security, liquidity, and user reviews before signing up.
The key is to start small, learn the basics, practice trading, and always prioritize risk management.
Let me know if you need any clarification or have additional questions!
Crypto Currency Trading
- Category Spot Trading
- Client Across Board
- Project duration 4 weeks