trading

What do I need to start trading Crypto?

The only thing is an exchange. A good and reliable exchange like Binance is really enough. If you sign up, you are ready to go.

  • cryptocurrency exchange or a digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for the service or, as a matching platform, simply charges fees.

I have a few cryptocurrencies on the exchange, now what?

If you baught some crypto’s like bitcoin, ethereum, litecoin etc.. and you want to hold them for a longer time. I recommend you to store them on a hard wallet, for example a ledger.

  • A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys and can be used to track ownership, receive or spend cryptocurrencies. The cryptocurrency itself is not in the wallet. In the case of Bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available ledger called the blockchain.

I want to do some more technical analysis, what is a good platform for that?

You can do it on the exchange, on Binance you have all the things you need to start. But Tradingview is really the place where you can do everything you want. Take a look there if you interested in technical analysis.

  • technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable.

Below the links to get started: