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The Complete Cryptocurrency & Bitcoin Trading Course 2020

Bitcoin trading is actually pretty straightforward once you get the hang of it. Being the premier cryptocurrency, it is pretty straightforward to buy and sell them as and when you want to. Bitcoin has a history of volatility which has brought in a lot of traders and media interest into the ecosystem.

Every time Bitcoin’s price rises, new investors and speculators want their share of profits. It is extremely easy for anyone to trade Bitcoin as the barrier for entry is so low. So, how do you get your slice of the pie? What do you have to do to make sure that you are going to trade bitcoin in an efficient manner?

Well, this guide will help you make your trading decisions. So, before you get into the “how” let’s start with the “why.”

Bitcoin Trading Course Contain

  1. Introduction of Trading terms
  2. Basic of candles
  3. Understanding of Support and Resistance
  4. Understanding of Head and Shoulder and triangle Patterns
  5. Understanding of Bitmex Trading Platform
  6. Understanding of Chart Patterns
  7. Importance of Divergence and Fibonacci in Bitcoin
  8. Importance of Moving Average in Bitcoin Trading
  9. Importance of Moving Average and Ichimoku strategy in Bitcoin Trading
  10. Importance of 7/30 Moving Average in Bitcoin Trading
  11. Importance of 7/30 Moving Average in Bitcoin Trading
  12. Other remain discussion in Bitcoin Trading

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Why Should You Trade Bitcoin?

The reason why you should invest in Bitcoin, and cryptocurrencies in general, is because there is nothing quite like it. There are several features that make Bitcoin trading both exciting and unique.

Bitcoin is Not Fiat

Bitcoin isn’t fiat currency, i.e., it is not under the control of one single government. So, instead of one single economy having a stranglehold over the price of the asset, Bitcoin’s price has reacted to a wide range of events.

Let’s look at some events over the last few years which has affected the price of Bitcoin.

Bitcoin is open 24/7

Unlike stock markets, Bitcoin is open 24X7. The reason being stock markets are specific to the country they operate in and usually reflect the working hours of that country. Anyone can purchase bitcoin on most of the exchanges. There are hundreds of exchanges around the world that operate 24/7. Meaning you can trade bitcoin 24/7!

 

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Bitcoin is Volatile

Bitcoin and cryptocurrencies, in general, are infamous for its rapid and frequent price movements. This volatility can help traders make an easy, quick buck.

Bitcoin was created by an unknown programmer who goes by the pseudonym “Satoshi Nakamoto.” Bitcoin is powered by blockchain technology.

The blockchain is a time-stamped series of an immutable record of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) is secured and bound to each other using cryptographic principles (i.e. chain). Ok, so what does that mean in simple terms?

Imagine a universal ledger that anyone can download and write into. Anybody who has a copy of that ledger can:

  • Check the records that have been logged into the ledger.
  • Check the time at which those records were logged.
  • Cannot tamper with any of the previously made entries because the ledger is immutable. This property of “immutability” is one of the most important features of the blockchain and it gains it through cryptographic hash functions.

That is what Bitcoin gave to us, the first proper implementation of a technology that can act as an immutable and transparent ledger. This innovation gives us a system that is completely incorruptible and free from human corruption since each and every transaction made into the blockchain can be checked.

How to Trade Bitcoin

There are a lot of ways that you can trade Bitcoin and cryptocurrencies and it is entirely dependent on what you want to gain from your investments and how much time you are willing to give to trading. As per IG, there are four main kinds of trading:

  • Day trading
  • Swing trading
  • Scalping
  • Passive trading

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