Is it easy to trade cryptocurrency?

[HighCommander]

Andreas Hajpun

Is it easy? In what way "easy"?  I would say yes, compared to stock trading or currency trading, it is easy, easier than one would think. Easy to create an account at popular exchange, easy to deposit money, and easy to loose your money or chunk of it.

I wonder if anyone has created any kind of manual for crypto trading ? At least to cover basics for people who want to get into it. I've had some experience for a little less than a year, have some knowledge. I might write one up soon.

The biggest challenge for me is learning to be patient and waiting for the pump before I sell, and then being patient and waiting for the price to drop before I re-buy.

This is probably the main challenge in this "crypto trading" game 


qiman

You sound like you know something more than you said. Would be nice to know a little bit more in depth on private whale clubs. Do you have any info available to where find them or how to get in to one of these clubs?

Yes why not.. Use a trading site and watch analyzing charts.. you wold be successful..

Haha! Why not 

[stomachgrowls]

Is it easy to trade cryptocurrency?

The spread is lower that forex or it is the same?

Comment down below your opinion.

Thank you.

 

No it isn't, Ive been a forex and stocks traders in the past. I can able to tell the different among forex and crypto trading. We are trading centralized and a decentralized stuff which volatility is expected to be entirely different. Since you do ask about the spread then its not really like the same yet PIPs on crypto spread is on thousands of unit which isn't comparable to forex only 0-10 spreads depending on the broker. Profitability? I would say crypto would give the chance but it is more really risky than forex in my own view.

[alisaadat60]

yes it's easy but it's risky too
take care that don't sell cheap and buy expensive
study the market and follow whales

[bozo333]

yes it's easy but it's risky too
take care that don't sell cheap and buy expensive
study the market and follow whales

Yes easy to trade. But you know the trading price before trading. Price help to buy and sell the coin on time. So it any time to change the price. So you active all time. Trading is good opportunity for the peoples future growth and improve the business process. Trading process is connect the people. So people share more information and get some idea's for improve the business process.

[manggis97]

Indeed low spread and no leverage in cryptocurrency trading but the fluctuacion is so high, so for me that not easy because with high fluctuacion we can loss big money though promising high profit. We should have best strategy to get consisten profit from it. With continue learn some strategy and also learn from the mistake before we can make our self become expert trader who can gain consistent profit.

[cleygaux]

Its only a matter of skills and learning if you master it, trading will be be easier and making money is more faster than trading in forex but it can take a lot time to master it you may encounter success and failures just learn from it.

[matoo]

Withdrawal fees of cryptocurrency are too expensive...
The fee like Bitcoin is killing the merits of cryptos!

[Sanjeewa101]

Cyptotrading
Risk low, Profit Low(Short term)

[meyklove]

For me, its not. Trading cryptocurrency is unpredictable compare to forex I think. Like lately that bitcoin is dumping as will as the other coins. but the good thing is that you can hold the coin and wait till the time it pumps back.

[davidroux]

trading crytocurrency is buy and sell and hold, but it's not easy because you have to choose the right coins first then choose the right time to buy and sell to make profit. choose the right time is very difficult

[blueman8331]

It is not easy but it does not make a margin call...
Of course, your position is one-sided and requires more care and follow up.

[Wipro]

It is not easy but it does not make a margin call...
Of course, your position is one-sided and requires more care and follow up.

Newbie understood it wrongly. Trading the cryptos very much easier like share market sellings but you no need to worry that future dumps or anything until you open the trade. Whenever you open up the trade you just need to check the price movement and set the margin value you want to sell.
If you value is standard value on the trading site. Your trade will be finished in some minutes else you need to wait until it achieved the expected value of yours.

[kobe24]

It's easy to trade crypto to an exchange but if you mean the profit well it depends on your strategies when is right time to buy im not familiar with stock so can't compare it.

[arpon11]

Is it easy to trade cryptocurrency?

The spread is lower that forex or it is the same?

Comment down below your opinion.

Thank you.

 

If you have a formal knowledge on how the cryptocurrencies work then you can trade it with easy. Bitcoin and the cryptocurrencies provides the best opportunities for one to make profits without to much technical and fundamentals easy as the most coins has seriously increased in pricing. If you buy any of the coins that has market capitalization above 2billoin there is know how you will not make money if you hold.

[hasu]

If it was easy there would be no coal miners.

[RoftheN]

It is easy to trade but it is hard to make right decision while trading. You need experience and patience for cryptocurrency trading.

[ocid]

It's easy, you can choose a stock exchange market that can be converted into local currency that you use, by visiting crypto exchange sites that can turn the crypto type into local currency in your country.

trading of cryptocurrency and forex is very different, although both are trading currencies, but the way it works is slightly different because the price of crypto is very volatile and its popularity is more widespread than the forex trading.

[uletkluget]

Is it easy to trade cryptocurrency?

The spread is lower that forex or it is the same?

Comment down below your opinion.

Thank you.

 

yeah it's easy to trade cryptocurrency.
you just deposit money,buy some token and sell it when price is higher.

making speculation is the hard part of it i guess

[wayancrypto]

Doing crypto trading is easy but the difficult thing is to get consisten profit from it. Trading is not enough only to buy in low price and sell in high price but we need some risk management to reduce the risk and to maximize the profit. And also learn how to manage your emotion and keep patient to get better price when buying and selling.

[bestr17]

Market trading might sound like something reserved for the financial elite, but the explosive growth of cryptocurrency is accompanied by the growth of online currency exchanges and trading platforms where anyone can take part and profit from market speculation. You just need to know how it works. If you will understand the all mechanism so it would be easy for you to trade