It is not a swimming pool, but a shark tank. How to choose the right exchanges, how to analyze the charts and trading them.
Day Trading is not for the faint-hearted so we make sure to learn first, otherwise, we will surely lose money by doing it. We will show talk about how to read Buy/Sell walls, check for the best crypto signal groups, and explain how to trade cryptos with leverage on Bitmex. We will provide a Bitcoin price analysis from time to time and check centralized and decentralized Bitcoin exchanges.In the market, we have to develop our own strategies to find out if we are bullish or bearish on a coin or token. Trading cryptos is not the same as trading the common financial markets, as cryptocurrencies are still a young market. If we want to learn how to trade the cryptocurrency market, we need a good knowledge setup, which should contain fundamental analysis, as well as technical analysis like charting, price action, and trend analysis. Due to the high volatility, every transaction contains risk for our trading account - especially if we use financial instruments like leveraged or margin trading. While there are trading courses which can teach us to develop a trading plan and execute a strategy, we will have to work on your psychology as well.We are often trading a virtual currency against another one, so the outcome depends very much on the development of the BTC price and the total crypto market cap. If we want to learn to trade we will have to estimate our risk appetite first and consider then the trading platforms we want to use. As a day trader, we can basically gain capital in two ways: Either on a common crypto exchange like Binance or on a mercantile exchange like Bitmex. Different from forex trading, the crypto exchange market is not yet regulated, which brings risks and so you have to act mindfully.We never invest more than we can afford to lose. We share some trades or a trading strategy from time to time for demonstration purposes, though we are not financial advisors and these trades are from an educational character, so we don't encourage to copy them. Enjoy your trading journey!