Guide for traders

Digital currency trading may have many similarities to stock trading and foreign exchange trading, but it also has some important differences. Some of these are:

• Unlike other forms of trading (Forex, stock, etc.), digital currency trading is continuous 24 hours a day and for all days of the week.

• There are large price fluctuations, a fact that has a direct impact on the tools we use to track trends and forecast.

• We need to invest first in Bitcoin (or in a secondary currency like ETH) and then into anything else.

• Unlike securities markets and foreign exchange markets where vendors were buyers at first, in the digital currency market vendors are to a large extent the miners, that is, who are "producing" the currency. Briefly, this means that if the current price of a coin is much higher than its mining costs, there is a risk of mass selling and a sharp drop in price without any other special reason.

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Trading Digital Currencies: Particularities and Differences ❺❺❺ - average rating 5 from 5 (based on 229 user reviews)