Hi there,
So i am completely new to this and im interested in trying to buy some crypto currency for the long term. I have looked into it, have a little spare money and would like to invest.
I have a friend who does it a little and has told me to ' buy it bitcoin or ether through an exchange, then transfer it to another exchange and trade it for the coin i want.
I basically have no idea how to do this and am wondering why i cant just simply trade it through something like plus 500 and what is the difference??
I sort of understand that its not leveraged doing it this way, which if im correct means if it was go to 0, i cant lose more than what i put in.
All help would be greatly appreciated to get me going. Or if you can put me in the right direction so i can read more and get a better understanding of it.
Thanks
James
Hi James, here is my suggestion to you if you really wanted to go into the crypto world.
1. Look for a mentor that can teach you personally, given that the market is so volatile and may cause panic from your end when the market crashes, someone who could guide you all the way would be a good start.
2. Join telegram groups or channels where you can receive free information.
3. Read and look for credible articles, please make it a point that you read crypto related stuffs on a daily basis.