Cryptocurrency

The crypto-currency market, although young, regularly makes the headlines and has become an integral part of the financial asset landscape. Many institutional investors are now trading this market or offering crypto-related services, and independent traders are also enjoying the many benefits of this market.

Below, you will find crystal clear information about the cryptocurrency market so that you can get started in the best possible conditions. 

The crypto-currency market, although young, regularly makes the headlines and has become an integral part of the financial asset landscape. Many institutional investors are now trading this market or offering crypto-related services, and independent traders are also enjoying the many benefits of this market. Below, you will find crystal clear information about the cryptocurrency market so that you can get started in the best possible conditions.

Cryptocurrencies

What is a cryptocurrency?

Cryptocurrencies are digital assets based on blockchain technology, and do not depend on any central authority, being managed and governed via the principle of distributed ledger.

More than 10,000 different cryptocurrencies are on the market, but the most important is Bitcoin, which accounts for about half of the market capitalization.

Although young, the cryptocurrency market has quickly become very popular with traders, primarily because of the volatility that creates many opportunities.

CRYPTO TRADING

What are the benefits of crypto trading?

Crypto trading has several advantages over other markets. In particular, the crypto market is known to have very high volatility, which is a source of many trading opportunities every day, although it also increases the risk of loss.

In the long run, many believe that cryptocurrency is an asset with a bright future and that they could potentially replace traditional currencies or at least evolve alongside them as equals. Finally, although it is not always obvious, Bitcoin and other cryptocurrencies have often been seen as hedging assets that move independently of the mainstream markets, which has earned BTC the nickname of digital gold. 

Another significant advantage of the crypto market is that it is open 24/7. Thus, it is possible to trade cryptocurrencies at any time of the day and even during weekends, which is very convenient for amateur traders who also must commute to work. 

How does crypto trading work?

Trading in the crypto market is the same as in other financial markets. It’s all about analysing the market to find opportunities to buy crypto currencies, see their price rise, and thus profit. As is the case in other markets, it is also possible to short crypto-currencies to take advantage of a downward trend. It is, therefore, possible to profit from cryptocurrency trading whether the trend is up or down.

On a more practical note, crypto traders rely heavily on chart analysis to make decisions and spot important thresholds. It’s also essential to keep up with the latest news in the cryptocurrency market to make profitable decisions.

To practice trading in the cryptocurrency market, traders also need to open an account with a broker, which will allow them to access a trading platform on which they will perform their analysis and place their orders on the market in real-time.

CRYPTO TRADING

What is the difference between trading cryptocurrency CFD and trading cryptocurrency?

INSTITUITION

What impacts the price of cryptocurrency?

Many factors can influence the price of cryptocurrencies. In the case of Bitcoin, by far the largest cryptocurrency on the market, macro factors such as economic trends or central bank monetary policy are of considerable importance.

Regulation is also a factor that can largely influence cryptocurrencies, either up or down. Indeed, the very young crypto market is still poorly regulated, and the regulatory framework for its development is still in the making and can change quickly, for better or worse.

Finally, as far as other cryptocurrencies are concerned, they can also be influenced by news that affects them directly, such as the inclusion to new platforms, the development and improvements of their blockchains, or their marketing partnerships.

How can I start trading crypto with Traze?

It is effortless and quick to start trading cryptocurrencies with the online broker Traze. The completely online registration process will simply require you to fill out a form and answer a few questions. You will also need to download the trading platform and fund it by credit card or another payment method. 

You will then be immediately ready to analyse the market with the real-time charts provided by the Traze platform, and you will be able to start trading crypto currencies in the shortest possible time. 

As a beginner, how can I learn more about

How to trade crypto? 

If you are a beginner in crypto trading, there are many ways you can learn, both about how the crypto market works and about trading techniques and methods.

For example, the Traze Academy offers many tutorials on various topics such as technical analysis, the trading platform, or the functioning and specifics of the cryptocurrency market.

But experience is the best teacher, and it is also recommended that beginners in cryptocurrency trading take their first steps with a Traze demo account to practice without any risk of losing money. 

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Zeal Capital Market (UK) Limited is authorised for specific activities and product types including dealing in investments as agent, dealing in investments as principal, arranging (Bringing about) deals in investments and making arrangements with a view to transactions in investments by the Financial Conduct Authority, FCA Registration Number (FRN): 768451. Its principal office is at: No. 1 Royal Exchange, London, EC3V 3DG, United Kingdom.

Risk Warning: Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. You may be required to make further deposits in order to meet your margin requirements. You should consider whether you understand how CFDs work and whether you can afford to take the risk. The historical financial performance of any underlying instrument is no guarantee or indicator of future performance. Trading financial derivatives may not be suitable for all investors. Please ensure that you fully understand the risks involved, and seek independent advice if necessary.