Bitcoin Trading for Beginners
Bitcoin Trading Summary Bitcoin trading is the act of buying low and selling high. Unlike investing, which means holding Bitcoin for the long run, trading deals with trying to predict price movements by studying the industry as a whole and price graphs in particular. There are two main methods people use to analyze Bitcoin’s price – fundamental analysis and technical analysis. Successful trading requires a lot of time, money and effort before you can actually get good at it. In order to trade Bitcoins you’ll need to do the following: Open an account on a Bitcoin exchange (e.g. CoinBase;
Investments are subject to market risk, including the possible loss of principal. Proceed to Coinbase) Verify your identity Deposit money to your account Open your first position on the exchange (i.e. buy or short sell) That’s Bitcoin trading in a nutshell. If you want a really detailed explanation, keep coming back as I update and add more information for your review.
Note: With CoinBase account you can allocate some of your account funds to draw an Annual Percentage just like a saving account would or any other investment account.
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Read more: A Simple Bitcoin Trading Guide for Beginners (2022 Updated) | 99Bitcoins
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