Crypto trading is a good way to make a profit in a short and long term. It’s all about cryptocurrency prices instability. Crypto is not regulated by the government, and emission does not depend on central banks. Without control, crypto rates constantly move up and down, demonstrating high market volatility and opening broad opportunities for profiting from price differences.
Cryptocurrency rates live are current rates you can see on crypto charts and analyze how they change during specific periods. Price analysis is crucial for successful trading and investing. Many efficient trading strategies were developed based on volatility and timeframes during which traders open and close positions. Here are some of them:
- Day trading
- Scalping
- Position trading
- Swing.
What Helps Beginner Traders Succeed?
Crypto prices depend on many factors such as:
- the market trend;
- investors’ sentiment;
- global economy changes;
- emission of particular coins;
- competition;
- supply and demand ratio;
- hype and news.
To analyze prices correctly, advanced traders conduct technical and fundamental analyses. Tech research is all about price charts, patterns, and historical indicators. Analyzing asset price changes in different periods helps understand how it will behave further.
Fundamental research is the basis for evaluating external factors impacting the crypto market (politics, inflation, crisis, global economy, etc.).
Of course, a novice trader faces difficulties when analyzing all these factors for the first time. There is an option – to follow others’ trades, repeating after successful traders. This is called signals.
Here is the list of popular and best crypto signals platforms:
- CoinSignals
- CryptoAlarm
- eToro
- MyCryptoParadise
- Learn2Trade.
They provide efficient and working ideas on when to buy and sell crypto based on a detailed analysis of the market indicators and tech analysis in real-time done by professional investors. The best signals rely on both tech and fundamental research.
Having quality trading signals, you will need to find a reliable platform for conducting trading operations. We recommend using the WhiteBIT exchange. It provides cryptocurrency prices live, charts, and a convenient interface for using all the necessary tools for trading in real time. Beginner users truly appreciate low fees and quality customer support.
