How to Invest in Cryptocurrency: The Ultimate Beginner’s Guide
ReadÂing Time: 5 minutesI typÂicÂally look for high-liquidÂity coins with tight spreads, such as BitÂcoin and EthÂereum, which allow for quick entry and exit. Order book anaÂlysÂis is cruÂcial for identiÂfyÂing supÂport and resÂistÂance levels where price reversals often occur. The extreme volatÂilÂity of cryptoÂcurÂrency marÂkets makes risk manÂageÂment essenÂtial for day tradÂing sucÂcess. Without propÂer safeÂguards, traders can quickly lose subÂstanÂtial porÂtions of their capÂitÂal durÂing marÂket swings. The crypto marÂket has lower barÂriÂers to entry comÂpared to traÂdiÂtionÂal marÂkets. I starÂted tradÂing with just £100, whereas…