Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,869 members, 7,817,567 topics. Date: Saturday, 04 May 2024 at 02:32 PM

3 Things Needed To Trade Cryptocurrency - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / 3 Things Needed To Trade Cryptocurrency (294 Views)

Quidax Vs LUNO: Which Is The Best Place To Trade Cryptocurrency? / 3 Things Not To Buy In January / Trade Cryptocurrency Wit Free Tool Making 2-8% Profits Every Hour Is Guaranteed (2) (3) (4)

(1) (Reply)

3 Things Needed To Trade Cryptocurrency by oladipodesigns(m): 10:42pm On Dec 21, 2020
Cryptocurrency [/b]is a digitally created currency based on advanced mathematical algorithms that use cryptography for security and anti-counterfeiting measures.”

[b] Cryptocurrency[/b]cannot be physically seen or traded physically like the FIATs but digitally or electronically, It is a decentralized system which means it is not controlled by anyone. There are thousands of cryptocurrencies, but the most popular, valuable, and first of all is Bitcoin(BTC) followed by Ethereum(ETH) and Ripple(XRP).

To acquire or own cryptocurrencies you need to convert your FIATSs to cryptocurrencies.

As a beginner we can’t just up into trading cryptocurrencies, 3 Things are Needed to Trade Cryptocurrency which are:
1. [b]Trading Skills:
Jumping into something or trade without comprehensive or good knowledge is a foul play and a death trap. You need to have a full or comprehensive understanding of what you are doing and how to do it, same applies here, you need to understand how cryptocurrency works, risks associated, where to buy and sell, when to buy and sell, what to buy and sell and how to carry out your trading analysis. In developing these trading skills most times you will need a mentor, someone you can learn directly from online or offline, or you can watch tutorials online (but this method of knowledge acquisition is not advisable, because you tend to meet different people with different strategies which may leave you confused and stressed). It is advisable to find a mentor, pay for his/her services and be ready and well-prepared to learn because honestly, crypto trading is not easy to trade until you have the good and necessary skills. For Recommendation: I recommend you learn from Chris Ani and take his “Trade and Make Money Course”.
Read more...

(1) (Reply)

PFAs Increase Investments in FGN Bonds by N935 Bn to N6.64 Trn / Earn $1500 In Less Than 2month / How To Make $100 A Day On Youtube

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.