If you're wondering how to invest in cryptocurrency for the first time, the following five steps can get you started:

• Choose what cryptocurrency to invest in.

• Select a cryptocurrency exchange.

• Explore storage and digital wallet options.

• Decide how much to invest.

• Manage your investments.

Scalping is one of the most popular strategies. It involves selling almost immediately after a trade becomes profitable. The price target is whatever figure means that you'll make money on the trade. Fading involves shorting stocks after rapid moves upward.

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