Bitcoin Trading Explained: 5 Simple Lessons | Cryptocurrency Exchange

Buying and selling Bitcoins for a living isn't a child's game Digital currencies like Bitcoin can be extremely volatile

New traders can often get cold feet and sell too early Or buy too much when everyone's selling Understanding the market is a gradual process which requires time, concentration and effort Trading is an art that can be honed in time These are five simple rules to keep in mind

1 Start trading in demo mode Don't use real currency until you understand how the market really works 2 Never put all your eggs in one basket

Break your capital into smaller lots for multiple coins at different price levels 3 Trade only what you can afford to lose Do not gamble away your life savings 4

Use research and technology to track limit your losses or maximize profit 5 Follow the market trends Know when to cash in! Bitcoin trading is not for everyone With high risks come high rewards

When it comes to trading digital currencies mindfulness practice and patience is the only way to get rich

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