Cryptocurrency Trading

Carl J. Smith
2 min readFeb 10, 2020

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At all times, the main task for the trader was to learn how to trade cryptocurrencies correctly. Trading on cryptocurrency exchanges is not much different from the usual financial market. But there is one significant difference — all operations here are very fast since the cryptocurrencies themselves are not stable. The course changes a hundred times a day, therefore, to get high profits, you do not need much time.

Consider trading on a cryptocurrency exchange in more detail. Let’s start by understanding what users can generally use to trade. So, participants in the cryptocurrency market operate with the following components:

  • Graphics. Usually, on cryptocurrency exchanges, this chart is presented in the form of so-called Japanese candles. They must clearly show the difference in the spread that appears in a certain period. Therefore, understand right away — the ability to read candles will save more than once from ill-considered decisions when trading cryptocurrency and will significantly facilitate trading on the exchange;
  • Sell/buy orders (sale and purchase). Here, and so everything is clear, since using the order, direct trading takes place. Orders form a glass, which displays the desire of traders to engage in trading at the cryptocurrency rate of interest to them;

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Carl J. Smith
Carl J. Smith

Written by Carl J. Smith

Travel fanatic. Explorer. Organizer. Avid social media enthusiast. Internet advocate. Crypto expert on Taklimakan.Network.

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