Guide to trading cryptocurrency- 15 tips to earn like a pro

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(Last Updated On: March 18, 2018)

Guide to trading cryptocurrency- 15 tips to earn like a professional cryptocurrency trader 

Trading Cryptocurrency can be highly profitable if you play your cards well. In this article “Guide to trading cryptocurrency to earn like a professional trader for profit” I will discuss all the facts associated with trading cryptocurrency and all the resources, tools, and tips required to trading Cryptocurrency for profit.

Cryptocurrency volatility is a traders dream. If market movement pattern analyzed correctly, then huge profit can be made in short span of time. But make no mistake volatility doesn’t mean profit is guaranteed, where there is high volatility, there’s high risk.

The human mind, which excels at pattern recognition, struggles with random outcomes. Hence even expert, Forex or cryptocurrency traders find it difficult to recognize the Cryptocurrency market pattern.

Benefits of trading cryptocurrency

‘Guide to trading cryptocurrency’ first lists all the benefits of trading cryptocurrency over trading Forex, stocks, and commodities. And also, explains why trading cryptocurrency can be far simpler and profitable than traditional trading?

1.Bitcoin & altcoin (Global currency) -

Bitcoin and other altcoins are the global currency. Any central government does not control it. So it doesn’t depend on any given country economy or policies. Bitcoin is not a fiat currency. Cryptocurrencies can be sent from one user to another without any involvement of the third party like banks. Cryptocurrencies can’t be printed, unlike regular money.

When central bank print lots of money, inflation goes up which makes the currency value going down. Since there is a finite number of Bitcoins ( 21 millions of them) and the same hold true for other Cryptocurrencies. So supply side can’t be increased which makes trading cryptocurrency less prone to inflation.

2. Trading cryptocurrency is available round the clock 24/7 -

Cryptocurrencies can be traded non-stop 24 hours 7 days a week. Unlike forex, stock, and commodities which only operate during business hours and closed on weekends. Trading Cryptocurrency remains active round the clock.

3. Cryptocurrency is volatile -

Cryptocurrencies volatility can results in the high return on investment (ROI) in short span of time. Hence, trading cryptocurrency can yield high profit within few hours. Cryptocurrencies also the cheapest asset to trade as there are minimal fees on cryptocurrency trading exchanges comparing to traditional exchanges for forex trading.

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Cryptocurrency deposits and withdrawals are also quick, and documentation is not as hectic as in traditional forex trades. You just need to have any cryptocurrency in your trading account wallet, and you can start trading.

4. Leverage at Trading platforms

Leverage trading means you can trade way more than your capital investment. Top cryptocurrency trading platforms like Bitmex offer leverage of 1:10. For example, every 10 $ you invest, you will have the possibility of trading cryptocurrency worth 100$ at Bitmex.

Likewise, other trading platforms like e-toro or Whaleclub, every 10$ let you trade cryptocurrency worth 250$. While forex trading platforms generally do not offer such leverages.

Guide to trading cryptocurrency tips — Finding the pure trading friendly platform

First major guide to trading cryptocurrency is finding the trusted cryptocurrency trading platforms.

When it comes to investing money everybody wants the platforms to invest with a peace of mind.

Just as the number of altcoins is increasing in the market so are the Cryptocurrency trading platforms.

So finding the trusted cryptocurrency trading platforms is not a piece of cake. The problem is that not every altcoin trading platforms are legit and can be trusted.

If any Cryptocurrency trading platforms run away with your coins or shut down, then there is no way you can get your Cryptocurrency back.

Instant cryptocurrency exchange — Changelly vs Shapeshift 2018

There are some criteria’s which make the exchanges safe for the trading cryptocurrency.

1.Regulation & Security -

Cryptocurrency trading exchange should be regulated by concerned authority then only it can be trustworthy. Cryptocurrency traders also want the security of the platforms to be top of the line.

The website should be reliable and give transparent details of the Cryptocurrencies. Almost every Cryptocurrency trading platforms offer two-factor-authentication.

But there are some trading platforms which go further to protect user account by adding an extra layer of security like advanced encryption method, unhackable ledgers etc.

2.Fees -

Fess generally express a percentage of the transaction amount and an average cap around 0.30%.

Most cryptocurrency exchanges offer a volume based fee structure means if you buy or sell a large volume of altcoins you have to pay smaller fees.

Some exchanges use ‘maker-taker’ fee model. Because every transaction costs fee so one has to find platforms which best fitted for a profitable trade.

 3.The number of altcoins -

Higher the number of altcoins and fiat currency available to trade, higher the legitimacy of Bitcoin exchange.

Binance top best altcoin trading platforms - guide to trading cryptocurrency tips 2018
Sign up to Binance trading platform and trade at best rate with more than 300 altcoins

4.Trading volume -

Trading volume is also a major factor in the verge of finding right cryptocurrency trading platforms.

The high trading volume provides you an insight of that cryptocurrency trading exchange, that people are willing to spend their money on that trading platform. This justifies the reliability and good business practices of that network.

Accordingly, there are few trusted cryptocurrency trading platforms which are best suited for the trading cryptocurrency.

( read review)

  1. Cryptopia trading platform-

(read review)

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NOTE — 7 best altcoin trading platforms 

Ways of trading Cryptocurrency

There are two types of cryptocurrency trading approach.

Long-term cryptocurrency trading -

The first is long-term cryptocurrency trading which is known as ‘buy and hold.’ In this method trader study price trends of an asset over an extended period and hope that asset price will increase in future.

This approach is based on assumption. In case of trading cryptocurrency, this method is proving profitable as you can see the boost in Bitcoin price recently (overall annual growth of Bitcoin is about 4000% in the year 2017)

As more and more people are adopting Bitcoin and its associated technology thereby creating more demand for Cryptocurrency which will eventually cause an increase in Cryptocurrency price.

Short term cryptocurrency trading -

The second is short-term trading where a trader buys the coin and hold it for a short period before selling them. Short-term traders rely on real-time data feeds and liquid markets to enable rapid entry to and exit from trades.

There are three to four approaches for short-term cryptocurrency trading.

The first is day trading. In this method, transactions are completed within a day. A cryptocurrency trader buys cryptocurrency and sells in short span of time. No transaction is held overnight.

The second approach is swing trading. A cryptocurrency trader uses this method when an asset is most volatile. This method uses technical trading signals to look for the turning point in short-term trends.

Traders make the profit on the daily swing of the price of BTC whether upward or downward. Swing trading can prove to be very profitable in short span of time if a crypto trader learns to read the technical indicators.

The third approach is scalping. Here cryptocurrency traders attempt to profit from minute to minute moves, often capitalizing imbalances in order-book to make a heap of minor gains. Traders tend to read charts of 5 minutes or less to make the profit using scalping.

11 Best exchange to buy & sell Bitcoins and altcoins online instantly 2018

There are few basic tips and guide to trading cryptocurrency which may help you to maximize your profits.

1. Guide to trading cryptocurrency tips — Referencing prediction market -

Kocurrency prediction market predicts the price of cryptocurrencies based on the trading pattern of most successful crypto traders in trading cryptocurrency. It provides an insight into the method used by leading players in the market. Thus before start trading always refer to KoCurrency prediction market. It is an initial major step forward in “guide to trading cryptocurrency for profit” from the leading industry traders without spending a penny.

2.Guide to trading cryptocurrency tipsStay up to date with trending Bitcoin news

Buy the rumor, sell the news. If you want to make the consistent profit by trading cryptocurrency then it is very important to follow the recent Cryptomarket news. Sometimes it allows traders to predict up’s and downs of the Cryptocurrency market.

For example, if a big country ban Cryptocurrency or a reputed cryptocurrency trading platform got hacked. It may make the price go down. And if established business integrated with Bitcoin or friendly regulation announced may make the price rise.

3.Guide to trading cryptocurrency tips — Fundamental analytics of trading asset

Analyze the critical data of Cryptocurrency which affects the price like a number of wallets, a number of active wallets, number of transactions per day, trading volume of currency etc can help predicting the value of the coin.

4.Guide to trading cryptocurrency tips Crypto technical analysis

Technical analysis means studying chart patterns to predict the future price of Bitcoin. Technical analysis is purely based on the past (price and volume pattern) and trends of the coin. Technical analyst will analyze the past patterns and trends which will indicate the direction of price movement.

They will look for continuous patterns as well as repeated patterns of a coin to analyze whether the trend will be ongoing or it will reverse at this very point. In short, technical analysis uses mathematical formulae by studying past chart patterns and trends of coin to forecast its future price movement.

If you find technical analysis difficult and it is too much for you then there is a company which will provide you trade signals with complete details. You can signup it for now and get seven days premium membership as the bonus. Here you can seek help from experts. Sign up for sunshine profits

5.Guide to trading cryptocurrency trading tips — Trading the trends

‘Make trend your friend until it ends.’ If I explain it in simple words, here, you have to simply read the long-term price trend and trade in that direction. Generally financial market has long-term price trend in which overall motion of price will be in one direction for weeks, months, and even years. Of course, the price will move up or down all the time, but an apparent trend will be visible.

6.Guide to trading cryptocurrency tips — Trade with a clear strategy

Start a trade with the right mindset and a clear strategy. Trading is a zero-sum game i.e for everyone who benefits someone else loses from another side. This determines that not everybody makes fortunes with trading cryptocurrency. Cryptocurrency market is driven by large investors and they eagerly wait for new investors to make mistakes.

7. Guide to trading cryptocurrency tips — Beginners should start with minimal investment

Only trade with funds you can afford to lose. If you are new to trading cryptocurrency then there are very good chances that you will lose. But with practice and time, you will eventually make the profit in future.

Gain as much as experience as you can because there is no alternative to experience. Don’t give up. Ultimately you will come out with your strategy and will become a professional cryptocurrency trader.

beginners guide to trading cryptocurrency tips

8. Guide to trading cryptocurrency tips — Stop being emotional think like professional — Target and Stop

You should set a clear target level for taking profit and stop loss level for cutting losses. It means before starting trade you should set a clear goal that at this profit level you will halt the trade. Stop-loss means setting the loss level when you will stop the trade.

Sometimes when a coin value is depleting than cryptocurrency trader assumes situation will turn around and he will come out with minimum loss or even profit. But they fail to understand the high volatility of Cryptocurrency, in a matter of few hours that coin can get dumped up to 100%. This may make trader suffer a huge loss. So don’t allow your emotions get better of you.

9.Guide to trading cryptocurrency tips — Risk management

Never put your all eggs in one basket. Your trading capital should be broken into smaller lots for multiple positions at different price levels.Manage risk across your portfolio.

Manage risk across your portfolio. Invest a smaller percentage of your capital in the non-liquid market. For those cryptocurrency trades, we will assign greater tolerance.

10.Guide to trading cryptocurrency tips — Don’t be too greedy — Better go for smaller profits.

Before you embark your journey to become successful Cryptocurrency trader than think about this:

‘Pigs get fat, and hogs get slaughtered.’

It pays to be greedy, but not too greedy — or else you’ll get into trouble. If you get too greedy like a hog, you can end up losing it all.

Never look for the peak of the movement. Look for smaller profits that will accumulate into a big one.

11. Guide to trading cryptocurrency tips — Choosing right Altcoin for trading cryptocurrency to profit

Cryptocurrency is very volatile. Most Altcoins lose their value over time, in fact, sometimes very rapidly. So always trade altcoins which has some weight behind them.

Therefore it means choose Altcoins which have high or medium daily trading volume and have a broad community with continuous development.

7 Top Cryptocurrency to invest besides Bitcoin 2018

12. Guide to trading cryptocurrency tips — Avoid crowd sales (ICO)

ICO stands for Initial coin offering. Many newly launched cryptocoins or going to launch coins offer a crowd sales for the investor, i.e., opportunity to buy it at a discounted price for a day or two.

This is done to increase the trading volume of the coin from day one. Sometimes it yields a good profit for the investors as currency value doubled or tripled in respect to crowd sale price.

But many coins proved to be a scam, either they are traded for a day or two then they disappear, or they run away with your Bitcoins. So be cautious when a newly launched project offers a crowd sales.

13.Guide to trading cryptocurrency tips — Use hardware wallets to store your coins

After completion of trade never leave your Cryptocurrency on the trading platform for long. It will be more secure to store your coins in a hardware wallet. Where you can leave them without the worry of losing them.

Most recommended and trusted hardware wallets are Trezorand Ledger Nano S

guide to trading cryptocurrency tips


cryptocurrency hardware wallets. These both are cheap and safest place to store your coins.

Cryptocurrency trading derivatives and trading platforms

7 Best altcoin trading platforms to trade cryptocurrencies 2018

Bitcoin CFD trading

CFD stands for Contacts For Differences. The whole concept of CFD is that you can trade any asset without owning it. Regarding Bitcoin, it is same that you can trade Bitcoin without owning it. Originally CFD was created to gain exposure to Bitcoin without owning it.

CFD is the contract between buyer and seller where the seller will pay the buyer difference of the current value of Bitcoin to the value of Bitcoin at the end of the contract.

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Benefits of trading CFD

1.The government regulates security and trust — CFD platforms. So they offer a high level of safety to the investors.

2. No hassle of wallet — As you don’t own Bitcoin in trading CFD. So you don’t need to worry about wallet to store them.

3. Leverage — CFD platforms provide high leverage. +plus500 trading platform provides a leverage of 1:300 i.e. if your capital investment is 100$ then you can trade up to 3000$ worth of Bitcoins.

4. Flexible — CFD allows a cryptocurrency trader to go long (which is to bet the price will rise) or to go short (which is to bet the price will fall). A trader can even enter (start) a trade anytime or any-day and also opt out (close) anytime or any day.

5. Demo account e-toro and other brokers offer demo trading account. Which mimics their real trading platform. You can use their demo trading account until you feel to trade for real.

Disadvantages of CFD trading

1.Higher fees — CFD trading platforms charge slightly higher fees than Cryptocurrency exchanges.

2.Not suited for long-term traders — Although trading CFD is a less risky form of trading Cryptocurrency. They are not ideal for long-term Cryptocurrency traders as there is a cost to maintain an open trade. Which is 0.1% of your daily position.

Below are best CFD trading platforms with their features.


  • Incredible cryptocurrency trading interface
  • Support most altcoins to trading cryptocurrency
  • Provide leverage of 1:300 on deposit
  • Trusted and regulated altcoin trading platform
  • Robust security
  • Offers copy trading
  • Demo account with a bonus to get accustomed to the real trading platform
  • 96% customer satisfaction
  • Most recommended altcoin trading broker
Etoro broker - Guide to trading cryptocurrency tips - 15 tips to earn like a pro

**Your capital might be at risk

2. Whaleclub -

  • Can trade cryptocurrency, Forex, Commodities, indices, and Stocks
  • Regarding Trading Cryptocurrency, you can trade Bitcoin, Ethereum, Litecoin, and Dash.
  • Instant withdrawal and deposits
  • Trusted and regulated
  • No transaction fee, only fees charged by Bitcoin network.
  • User-friendly interface
  • Demo account with a bonus to get an actual feel of real cryptocurrency trading platform
  • Leverage of 1:300 on deposit
Whale club altcoin trading platform guide to trading cryptocurrency tips

3. +Plus 500


  • can trade multiple assets including trading cryptocurrency
  • 99% customer satisfaction
  • Incredible customer support
  • Provide leverage of 1:300
  • Demo account to get a feel for the real trading interface.
  • CFDs on Forex, Commodities, Cryptocurrencies, indices, Stocks, and ETF’S
+500 affiliates forex exchange guide to trading cryptocurrency tips - 15 tips to earn like a pro 2018

**your capital at risk

4. Avatrade

  • The platform allows trading cryptocurrency, Forex, Commodities, indices, and Stocks
  • Support most Cryptocurrencies.
  • One of the trusted Cryptocurrency trading platform
  • User-friendly interface
  • Provide leverage of 1:300
  • Demo account to get accustomed to the real trading platform.
  • Controlled and regulated by the government.

**Your capital might be at risk

Avatrade exchange guide to trading cryptocurrency tips - 15 tips to earn like a pro

5 Fortrade

  • Do offer trading cryptocurrency, Forex, Commodities. indices, and Stocks
  • Support most currencies
  • can trade 24 hours 7 days a week
  • Sign up bonus of 30$
  • Demo account with a bonus to get accustomed to real cryptocurrency trading
  • Provide leverage of 1:300
  • Control and regulated by the government
Forttrade guide to trading cryptocurrency tips - 15 tips to earn like a pro 2018

Margin Cryptocurrency trading

In a nutshell, Cryptocurrency margin trading means borrowing funds from a trading site the (broker) for the trading cryptocurrency. It allows a Cryptocurrency trader to trade more than their capital investment.

For example, If your initial capital investment is 100$ and you choose an exchange which offers 1:10 leverage. Then you can borrow 900$ from that exchange hence you will be allowed to trade for 1000$. If the price goes up for 1%, then your overall profit will be 10% and id if the price falls to 1% then you lose 10%.

As you can see above as the chance of making profit increases so the risk of losing more. But maximum you can lose is your initial investment. The cryptocurrency trading platform will close your position at a value before your balance enters in negative values this is called liquidation value. This is done so you can not lose borrowed money, only lose your own invested money.

Keep in mind you have to pay interest on the borrowed money. Take into account amount you are willing to risk, considering you can lose all your money. Set clear levels for making the profit or a stop loss.

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Because of excessive volatility of cryptocurrencies try to open short-term trading positions. Daily fees in margin trading are almost negligible, but in the long term, it can sum into a substantial amount. Plus interest you have to pay the borrowed amount will also add up to a significant sum. So it is always wise to open a short-term position.

Best Bitcoin margin cryptocurrency trading platforms

Bitmex -

Bitmex is one of the best margin trading platforms. It offers leverage of 1:100 in both short-term and long-term margin trading. Which is by far the most than other Cryptocurrency trading exchanges. You can read the complete review of Bitmex exchange here.

You will receive 10% discount on all types of cryptocurrency trading on Bitmex if you sign up using this link. Sign up for Bitmex. exchange - is another most trusted Bitcoin exchange which offers margin trading. It provides leverage of 1:3 in Both short-term and long-term margin cryptocurrency trading. You can read the complete review of exchange here.

Bitfinex -

One of the most trusted Cryptocurrency trading platform controlled and regulated by the government. Easy to use interface with robust security. Supports all major cryptocurrencies. Provide leverage of 1:200 on margin trading.

Read the review of Bitfinex altcoin trading platform

Coinbase -

Coinbase is another most trusted Bitcoin exchange which offers crypto margin trading. It has recently started this service. It provides leverage of 1:2 in both short-term and long-term crypto margin trading. Read the complete review of Coinbase here.

Coinbase exchange get 10$ sign up bonus beginners guide to trading cryptocurrency tips

Avatrade, Fortrade, e-toro, plus 500, Whaleclub

All these Cryptocurrency trading platforms offer margin trading. These platforms are the first choice for cryptocurrency traders because they are specifically designed for trading Cryptocurrency and provides a user-friendly interface for any cryptocurrency trading. They also offer demo account to get a feel for real Cryptocurrency trading. They offer 1:20 leverage for both short-term and long-term cryptocurrency trading.

Coinsecure cryptocurrency trading platform guide to trading cryptocurrency tips
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Binary options

In Bitcoin binary options trading you have to predict the price of Bitcoin will rise or fall in a certain amount of expiry time. If your prediction is correct then you win option’s payoff, if your prediction is incorrect, then you lose your investment.

That’s why they are termed as ‘Binary options’ because either you ‘win’ or ‘lose’ there is nothing in between. Binary options is a risky investment but “without risk, there is no reward.” If you are ready to make fortunes in Binary options then there are some government regulated Binary options trading platform.


  1. 100% deposit bonus
  2. 96% customer satisfaction
  3. Provide leverage of 1:300 on deposit
  4. Demo account with a bonus to get a feel for the real trading account.
  5. Can trade with as little as 1$
  6. Minimum deposit only 10$
  7. Trusted and regulated trading platform
Olymptrade binary option brooker - guide to trading cryptocurrency tips - 15 tips to earn like a pro

**Your capital is at risk


  1. 76% success rate, highest in Binary options trading.
  2. Start a trade with as low as 1$
  3. Minimum investment 10$
  4. Robust security
  5. Demo account with a bonus to get a real feel of trading cryptocurrency.
  6. Regulated and controlled by the government
  7. Provide leverage of 1:200
Expert option - guide to trading cryptocurrency tips - 15 tips to earn like a pro 2018

**Your capital might be at risk

IQ Option

  1. Start a trade with as little as 1$
  2. Minimum Investment 10$
  3. Provide leverage of 1:200
  4. Buy most Cryptocurrencies by one click
  5. Demo account with the bonus balance to get accustomed to real cryptocurrency trading.
  6. All withdrawals are processed within one business day.
  7. Regulated and controlled by the government
IQ Option Binary options trading platform guide to trading cryptocurrency tips - 15 tips to earn like a pro

Binary Option Robot

  1. It is a software which is programmed to do auto trades
  2. Free of cost
  3. More than 75% success rate
  4. Responsive customer service
  5. Demo account with a bonus to get accustomed to cryptocurrency trading platform
  6. Trusted and regulated by the government
  7. Robust security
  8. Provide high leverage of 1:300

“Your capital might be at risk

Binary option robot Guide to trading cryptocurrency tips binary option robot

Cryptocurrency future contracts trading

Future trading, in general, is counterparty contracts which come into existence when two parties enter into it, in our case they are trader and Bitcoin exchange. Future contracts give the cryptocurrency trader right to make a purchase or sell the specific amount of cryptocurrency once it reaches a predetermined price on a particular date in future. A trader can make a profit by speculating the price of Cryptocurrency will be higher or lower at a particular date than it is today.

In future contract, buyer buys the right to sell cryptocurrency at a particular price. On the other hand, the seller agrees to accept the cryptocurrency at that specific price on a particular date. It is a technique to hedge positions and reduce the risk of an unknown future price. Bitmex, Cryptofacilities, are some platforms which provide Bitcoin future contracts.

Successful traders open short and long position multiple times every week and capitalize on Bitcoin volatility. They use technical analyzes and pattern trends to predict the market movement. It enables them to make a small profit on every future contract they hold. Bitcoin future contracts becoming more and more popular among traders now. Bitmex exchange is the first choice for cryptocurrency future contracts traders.

Bitmex exchange - beginners guide to trading cryptocurrency tips 2018


also, visit

Get free Bitcoins — 7 ways to make money with Bitcoin 2018

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harsh vasistha

Hi, I am Harsh Vasistha Btech (IT) from Delhi, India. I am the Owner and the Author of coinexpansion. An avid reader, compulsive learner, and a cryptocurrency enthusiast. Although I am not a geek. In contrast, I got infatuated with blockchain technology.  And has been following it extensively. I am obsessed with learning new stuff and love decoding it to simple words. Writing has been my passion for some time now. Currently, I am working as writer on various news portals and cryptocurrency blogs Soon gonna launch coinexpansion android app to make coinexpansion platform mobile friendly I will give my best efforts to entertain you with more pragmatic content and keep updating to the latest development in cryptocurrency world.

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