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.
I do believe that you're actually right. Everyone knows that the most basic thing needed is the bitcoin wallet. There are a lot of wallets one can use. I think Blockchain wallet and Trust wallet are very good to start with.
Then, the next thing is to choose an exchange to trade with. There are factors one needs to consider in choosing an exchange, the most important being trading fees. Exchanges trading fees vary and you should a good one with low trading fees.
the rest now depends on your trading ability. How well and how much you've learnt trading determines how much you'd make trading.