The first thing you need to get started trading bitcoin is to open a bitcoin wallet. Bitcoin traders are actively seeking the best possible solutions for trading and investing in bitcoin.
These bitcoin strategies can also be used for trading bitcoin cash as well as other cryptocurrencies. In fact, you can use this as a trade guide for any type of trading instrument.
The method to employ are simple. Diversify your trades. ...
Minimize trading costs. ...Watch Trading times. ... Make sure to follow Bitcoin News. ... The use of technical analysis is essential. ... Finally, use stop losses.
This is not a strategy at all, we’re talking about trading and there’s a lot of more things that newbies have to learn first in trading before they trade successfully. TA will work if that newbie knows already the basic indicators and that, it’ll take time to fully understand the system. Create a virtual account first and trade with fake monet, by this you can familiarize yourself with the market, and you’ll understand the big risk of trading.
Facing the big risk of trading, I would recommend starting small amount of money so if you're going to loss you won't feel so much paid. Learning is a process that will work in the long period of time, and market familiarization will be determined along with your experience. Meanwhile, as value continue to soar right now just wait until saturation happens then invest wisely.