10 Step Guide for Day Trading Bitcoin, Ethereum and Litecoin

in #cryptocurrency7 years ago

One advice I’d give beginner traders is to avoid falling for ICOs, or Initial Coin Offerings, in the short term and stick with the more established currencies like Bitcoin, Eurotheum and Litecoin.

  1. Learn how blockchain works

  2. Learn the top currencies

  3. Understand all inherent risks

  4. Read bitcoin news every day

  5. Open a brokerage account

  6. Fund your account

  7. Buy and sell some bitcoin!

  8. Graduate to GDAX

  9. Study charts to find trends

  10. Set limit orders, and be patient.

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I'd also add on your post to watch youtube videos of the quality youtubers that discuss crypto. Not some random guy who barely has any followers trying to make a video. Find the guys that are atleast 30k followers and above that have been in the space for awhile that tell you which coins are decent and why.

Nice Tip, Thanks a lot

@sakpoo Steemit is gonna adjust a great deal of lifes, it's transformed mine and several Other folks but that is certainly just the start..

Yeah Right

Very good article. Thanks for bringing this to our attention. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) Besides coinmarketcap.com there is: https://www.coincheckup.com Complete Coin analysis about the team, product, communication transparency, advisors and investment statistics.

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