Trading on any exchange is a skill that needs to be honed over time. Endless books have been written on how to trade successfully, most by people who have only enjoyed passing trading successes themselves.
What all the books emphasize without exception, however, is the importance of informed decision making in trading. The stock market is a graveyard for people who think they can make a quick buck and Bitcoin exchanges are no different. Before choosing any exchange, you’ve got to know what you’re doing or before long you’ll be in trouble. As the saying goes, ‘the market can stay mispriced longer than you can stay solvent.’
We’ve put together some basics on trading and tips for trading bitcoin and other cryptocurrencies, which will put you on the right path but the more educated you are on the market, the better you’re likely to trade.
Take every opportunity to become more informed on Bitcoin and trading before jumping onto an exchange – it’s absolutely key to enjoying a fulfilling Bitcoin trading career.