HOW TO TRADE CRYPTOCURRENCY

an intro
to crypto
trading

Ian

DELVE INTO THE CRYPTO

an intro
to crypto
trading

Ian
WHAT ARE
CRYPTOCURRENCIES?
Cryptos are digital currencies that are:
THE FOUR PLAYERS OF CRYPTO

GET TO KNOW THE
LEAD CHARACTERS

bitcoin

BITCOIN:
The first-born

Launched in 2008, Bitcoin (or BTC) is the world’s first-born digital currency and is credited for paving the way for the crypto (r)evolution. Today, Bitcoin is the most popular of the cryptocurrencies and is widely used to buy products and services in the same way traditional currencies (fiats) are. By design, Bitcoin’s supply limit is 21 million, meaning the currency cannot be devalued in the same way a conventional currency can. Bitcoin has asserted its dominance over other cryptocurrencies, which consequently are collectively named altcoins (ie, bitcoin alternatives). BTCUSD is the most popular crypto-to-fiat pair.

ethereum

ETHEREUM:
The co-star

Ethereum is the platform that backs Ether (ETH), its cryptocurrency token. ETH is the second biggest cryptocurrency, but the first altcoin in terms of market capitalisation. Today, ETH is undergoing an upgrade to Ethereum 2.0. What distinguishes Ethereum from Bicoin is its purpose: BTC is money, while Ethereum’s target is to run apps through blockchain technology.
ripples

RIPPLE:
The most scalable

Ripple is the ledger employing the cryptocurrency known as XRP. You cannot mine it, nor can you buy all 100 billion XRP as it’s not all in circulation (or perhaps even in existence). Its networks run superfast – even faster than Bitcoin and Ethereum’s networks. Despite not initially being designed as a form of payment, XRP is now among the top five cryptocurrencies in terms of market capitalisation.
litecoin

LITECOIN:
The Bitcoin fork

Launched in 2011, Litecoin (LTC) is one of the first bitcoin forks or altcoins. From a technical standpoint, there was almost no difference between LTC and BTC. However, LTC was upgraded and is now much faster than BTC, requiring only a quarter of the time BTC needs to process a block. The price of this peer-to-peer cryptocurrency is highly correlated with BTC’s price. Litecoin is among the top ten cryptocurrencies by market capitalisation.

WHAT MOVES THE
PRICES?

Almost everything! The crypto market is very volatile, as there are many factors that can affect the relative value of BTC, ETH, XRP or LTC to USD (lots of acronyms, huh?!). So, you should always speculate what the next ‘trigger’ will be for the movement of your trading crypto-to-fiat pair.

 

Remember: when you trade cryptocurrencies, you do not actually invest in or buy them.

 

 

crypto

Supply and demand

Cryptocurrencies are subject to cycles of high public interest,

and when demand for a crypto is high, its price dramatically

increases.

Cryptocurrencies are subject to cycles of high public interest, and when demand for a crypto is high, its price dramatically increases.

Fiat crises

When conventional currencies face a crisis, cryptocurrenciess come to the fore as they are decentralised – especially bitcoin. When investors lose their interest in a fiat currency, they resort to bitcoin or its rivals, pushing up the price.

Regulation or market manipulation

Government bans, and even regulation or taxation discussions over cryptocurrencies, decreases their value.

Prices of other cryptos

When the price of a particular crypto is high, some crypto prices get higher, and others significantly lower.

Headlines

Cryptocurrencies’ prices are sensitive to both good and bad

news. This is mainly due to the fact that they are not regulated.

Cryptocurrencies’ prices are sensitive to both good and bad news. This is mainly due to the fact that they are not regulated.

Hacking

The digital and unregulated nature of cryptocurrencies

makes them vulnerable to hackers.

The digital and unregulated nature of cryptocurrencies makes them vulnerable to hackers.

news analysis video
News Analysis Video Chinese

KNOW YOUR FIATS
FROM YOUR ALTS.

Anything and everything can move cryptocurrency prices and crypto-to-fiat pairs, so staying in the loop is highly recommended! Luckily for you, we bring all the latest news, commentary and analysis straight to your fingertips.

STAY UP TO SPEED WITH
OUR DAILY TRADING
NEWSLETTER

CRYPTO LINGO

A MINI SELECTION OF
CRYPTOCURRENCY TERMS

All-Time High.

All-Time Low.

An investor’s portfolio of tokens. A bagholder is an investor who holds (or ‘hodls’ – if you know, you know!) their tokens until they are worthless.

A reward for a specific contribution (e.g., finding and reporting a bug that could cause security issues).

The blockchain unit (file) storing data, such as transactions, to be added to a blockchain.

The technology that enables the development of cryptocurrencies and supports transactions.

A (web)site where you can buy and sell cryptos.

Fear of missing out.

A change to the blockchain protocol, creating another version with an alternative chain.

Fear, uncertainty, and doubt: spreading fake news to gain an advantage. A fudster is someone who spreads the fake news.

Buy and hold for a long time.

What you’ll buy when you get rich! In trading, ‘when Lambo’ refers to when you’ll make the money to buy a Lamborghini (ie, achieve crypto success!).

‘To the moon’ is used to describe when a rise in price(s) is off the charts.

To sell (and the opposite of hodl).

A meta-protocol creating a new blockchain, taking the existing chain it’s created from into account.

before
you
crypto

dyor

DYOR (Do Your Own Research)

We promise that we do our best to support you and empower you to trade up. But still, Do Your Own Research, as you know better your trading strategy, what inspires you and what can dampen your enthusiasm!
plan

STICK TO YOUR PLAN

If you haven’t got one, then just set your limit on how much you’re willing to invest (and risk). Know how much you can afford to lose.

calculator

TAKE A CALCULATED RISK

Learn from each trade, what worked and what didn’t. Always listen to what your book, the experts and the market is telling you, never your heart.

TUTORIALS

Our video tutorials will help you get to grips

with the fundamentals of both MetaTrader 4 & 5.

Latest Resources

TRAIN UP. TRADE UP

Open an account today and show your money
what you’re made of.

train up trade up

TRAIN UP.
TRADE UP

Open an account today and show
your money what you’re made of.
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