When you first think about crypto trading, you face so many unknown things that sometimes you maybe give up on it. Indeed, crypto trading is much harder and riskier compared with trading in traditional markets, for cryptocurrency rates are incredibly unstable and change rapidly, ruining all your plans to make money. To succeed in crypto trading, you should learn the following:
• how the market works and what moves it up and down;
• to select good digital assets for trading;
• to avoid emotional decisions;
• to adhere to trading strategy;
• to leave the market in time;
• to use reliable trading services.
What Crypto to Buy Now?
There is no one exact answer to this question, for there are hundreds of digital assets in the market, and many of them really deserve attention. Some coins are good for long-term investments, while others are efficient in short-term trading. Here is a guide to help you pick a worthy asset for trading:
• Pick coins with large and middle capitalization. Large-cap assets such as BTC and ETH are good for long-term investments. The bigger the cap indicator, the less sensitive an asset is to market trends and changes.
• The supply of assets. If it is unlimited, it is not likely that the asset will reach a high value because supply will always exceed demand. Pick coins with a limited supply.
• Project’s Whitepaper – the document where the whole essence of the project is written in detail. It should be written correctly and sound realistic.
• Real use cases. Check out what use cases are mentioned in the Whitepaper and see if the project really has some. The more use cases the project has, the wider its adoption will be, therefore, the higher its value will grow.
Looking at the list of requirements, we dare to say that such assets as Solana, Carano, Ethereum, Polkadot, and other coins from the top list by the market cap are the best choices for investments today.
What is the Best Crypto Trading Platform for Trading?
To learn crypto trading, start with intuitive platforms that offer demo trading options. An example is the WhiteBIT crypto exchange. It pirates officially and has all the necessary licenses and audit certificates. The platform offers a convenient interface and all the needed trading tools; besides, you can practice on a demo account using demo tokens.
