When I first got started with crypto currency trading, I was completely lost when it came to figuring out what coins to buy, how to store them and how to even keep track of them all. However, I soon discovered that if you spend some time learning the basics of crypto trading, you can make some excellent investments, even with only $5 to start off with! This is exactly what I did â hereâs my story on how I turned $5 into $400 in one day thanks to crypto trading!
Knowing what you want
With so many coins available on exchanges, itâs easy to get lost in all of your options. But choosing what you want isnât as hard as it may seem. First, consider why youâre investing: Are you looking for some long-term growth or short-term gains?
Taking advice from a beginner
Some of you may be asking can you really make money from cryptocurrency trading? To that I say, why not give it a try? If you donât want to invest too much of your hard earned money then use one of many different free crypto trading bots, such as Bot Trade. Since cryptocurrency is so volatile right now, it can be very easy (and lucrative) to trade on small price Understanding the basics of supply and demand
Like any good investor, you need to know what influences supply and demand. Supply is usually easy enough to track: With gold, for example, itâs how much of it is mined each year. On top of that, many things like oil are finite resources. But demand can be trickier; it depends on not only basic needs but also emotions and tastes, which change over tichanges.
