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Cryptocurrency Trading 2022

 

Cryptocurrency Trading

Cryptocurrencies are talked about every hour and every hour, over the past few years we have heard about many people who have become millionaires thanks to them.

Today, trading or investing in cryptocurrencies has become one of the most popular and profitable ways to invest money online, especially in America and some European countries.

Unfortunately, there are not many Arabic sources that effectively and realistically explain how to trade digital currencies, which greatly hinders the spread of this method in the Arab world.

It is for this reason that we, in particular, presented to the Arab reader a series of articles on cryptocurrency trading in order to comprehensively introduce him to this area.

This article is the cornerstone of this series, which will take you on an interesting journey through the world of cryptocurrency trading to get acquainted in detail with all aspects of this process.

After reading this article and other articles on the website about trading cryptocurrencies, you can easily start your way of making money on trading.


What does cryptocurrency trading mean?

Cryptocurrency, especially bitcoin, is an alternative to the usual currencies we deal with, such as the Egyptian pound, Saudi riyal or the US dollar.

These currencies are based on crypto technologies, and by themselves they are not tied to any coating that gives them value, such as gold, but they get their value from supply and demand.

For this reason, it is characterized by the fact that its prices are very volatile, since it is possible, for example, that the price of Bitcoin today will be 64 thousand US dollars, and tomorrow it will be only 40 thousand - that is, overnight it lost 24 thousand dollars of its value - this is what experts know as volatility, fluctuations, or They also call it Volatility in English.

The feature that has contributed to the creation of value for these digital currencies is that they are decentralized, which means that there is no government, no bank, or even an institution that controls and verifies them.

This gives the user the freedom and privacy to carry out their financial transactions without worrying that someone or someone is watching them, in addition to the fact that they do not have to pay exorbitant amounts to banks or financial intermediaries.

Of course, this can be a disadvantage if this privacy is used incorrectly, and this feature has another disadvantage, which is that there is no protection or compensation of any kind for you when you do something wrong, or you are exposed to fraud or the like.

Today, there are literally thousands of digital currencies that are used all over the world, but the most famous currencies are Bitcoin and Ether.

There are many ways to profit from digital currencies on the Internet, of course, the most famous of which are mining and investing, and the method we will talk about today is trading cryptocurrencies.

Trading cryptocurrencies is a purely profitable process, for this you do not need to fall in love with blockchain technology or cryptocurrency, you just need to want to earn some money.

Trading requires a lot of skills, time and effort, but it can bring you a lot of profit in a very short time.

Contrary to what some people think, trading is not a game of chance or a bet, because, as you will soon find out, it is based on a large number of observations, studies and analysis of market patterns and events taking place around the world.

You are literally making efforts similar to what stockbrokers do, studying stocks and choosing the most promising ones, and investing your money in them to multiply them.

Trading cryptocurrencies is very different from investing, when investing you don't really care about the current market movement, you look at the long-term value of a currency in many years, but trading is when you buy and sell a currency for short periods of up to a few minutes.

Here we will talk only about trading, and in this and in other articles that we will publish, we will teach you how to start making a profit from trading cryptocurrencies.

But if you want to know more about investing in digital currencies like bitcoin, write to us about it in the comments and we will provide articles explaining it.


Should you consider trading cryptocurrencies?

Of course, you should keep in mind cryptocurrency trading and even think about how to start trading right now, this area is one of the most profitable in recent years, and it is expected that it will remain so for very many years.


But you have to be careful, although a cryptocurrency trader looks like a person who collects money out of thin air, this is not the case at all.


To start making money, you have to study and learn some things about trading well, and then you will have to spend a lot of time and effort applying them daily on exchanges to really make money.


Trading cryptocurrencies is a job that will require a lot of time from you every day to start making a profit from it, in addition to self-development, constant study and tracking of the latest news, tools and explanations.


The profit and money used in trading operations vary depending on the nature and type of trading, but in any case it is hard work, just like any other job.


Advantages and disadvantages of trading cryptocurrencies

Trading is a good way to make a profit from the Internet, but, like everything else, it has its advantages and disadvantages:

First, the advantages of trading cryptocurrencies

1. High profitability

Trading allows you to earn more money than in any other field. With effort and perseverance, you can multiply your capital several times in just a year or 18 months.

If you make the right decision, you can double your money overnight, while 20% returns are fantastic in similar conventional profit areas.

I will not deceive you, my dear reader, what I am saying about profitability is one hundred percent true, but it requires enough experience and knowledge before you do it.


2. You don't need a lot of money to get started


You can start trading with any amount that you have, you are not buying a whole bitcoin, you can buy parts of a hundred thousand of one bitcoin.


Of course, the more capital you speculate, the more your profit will be, but this does not deprive you of the opportunity to grow and climb the career ladder from the very beginning, but, of course, you will need more time.


3. There are many experts and educational resources on the Internet


At this time, YouTube is buzzing with hundreds of channels that explain everything from small to large about cryptocurrency trading, and there are dozens of experts on Twitter, Reddit and forums who analyze every event, explain to less experienced amateurs and develop them.

Having shown a certain determination, now you can learn everything you want about this subject, become an expert yourself and have the opportunity to earn large sums of money.


Secondly, the disadvantages of trading cryptocurrencies

1. The cryptocurrency market is extremely volatile

As we have already said, one of the main features of digital currencies is that they are very volatile, which is why their prices change very quickly overnight, they can double in an hour and can lose 90% of their value in a matter of minutes.

This volatility puts a lot of pressure on traders, forcing them to go to extremes to analyze the markets and predict what will happen, otherwise they will lose a lot of their money.

Traders also need to control their nerves and their behavior in order not to lose control, not to do stupid things and not to lose all the money.


2. The need for a lot of capital to make a big profit


We said in the benefits part that you can start with any amount and you will find your way among the big whales, but you should also note that in order to achieve a large and satisfactory profit, you must have a sufficient amount of money.

For example, if your capital was $10 and you traded correctly and your money doubled, you would have $20, but if your investment was $100,000, you would get $200,000 in a short period that you could not imagine.


3. There are problems with protection, hacking and human error


Although cryptocurrencies themselves are decentralized and cannot be exposed or manipulated, the human factor is still a very big loophole and weakness.

It is quite possible that the trading platform you are using is cheating you, or you may be deceived by someone who is taking your coins.

Or even make a mistake when transferring your cryptocurrency to your wallet after trading, and your money will go to someone in India or Russia forever.

But don't worry, my friend looking for a dollar, we at Winners have written an article about the best and most reliable cryptocurrency trading platforms with which you can safely trade.

We will also provide very important secrets and tips, and we will warn you about potential mistakes so that you don't fall into them, don't worry, the winners protect your back.

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