Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.
So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?
what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?
Is there anything like a Trade Satoshi where I can just practice with small amounts?
Thanks for any information
Trading outside of crypto, I guess you mean forex or binary trading, cause thats the two things you can trade outside of crypto trading and they are quite similar to each others. You just need a little training on how it works to be able to understand and trade them.
I have tried forex trading once, but it wasnt really much of what I expected then, so I decided to quit. And like I said, there isnt much difference between them. I believe if I go back to that this time around I will also make good profit from every trade.
It does not actually have to be only Forex or binary trading, with binary trading even not being a good option for me actually, and only a professional trader should go that lane. There are other available options like stocks that anyone can trade but at the end of the day for someone to be able to trade in some of these other markets and most especially market like stocks; you really need some pretty good bucks.
For Forex, however, you can decide to start with any amount that you please, but whichever way, the only thing with trading is that they require the same level of knowledge about analysis to be able to do well.