15 Frequently Asked Questions About Crypto Trading
With looming inflation and a steep rise in the cost of living, many people are looking for ways to make money online to supplement their income.
Crypto trading is not only one of the most lucrative ways, but it is also one of the most flexible.
There are minimal barriers to entry. To earn money trading crypto, you do not need to rely on others to give you a gig as you would if you were an employee or a freelancer. All you need is a device with a strong internet connection, a principal amount to invest and thorough knowledge of how to go about it.
The high volatility of crypto makes it a high-risk venture as much as it is a high-reward one. Again, thorough knowledge especially of fundamental and technical analysis is vital for one to turn profits.
I have written several stories to guide beginners on how to venture into the cryptoverse. Peruse them below.
Based on the feedback I have gotten on these stories, here are some frequently asked questions about crypto trading and the answers to them.
1. How do I begin trading crypto?
Begin by learning as much as you can about crypto and everything to do with it. Start with the basics for an easy flow and a proper understanding.
There are very many places to learn about it. I recommend Binance Academy as it’s where I obtained most of my crypto knowledge. The information there is openly and freely available, is constantly updated and is organised in levels from beginner to advanced levels which I found very helpful. The articles there are also written in simple language which is less intimidating especially when you are coming in super green about crypto.
Avoid putting your money in a crypto exchange before you have a good understanding of it. This will help prevent losses.