Happy New Year everyone, the year of 2018 is definitely the year of crypto as market capital of cryptocurrencies has reached its high volume in 2017 and it is still expanding.
One of the famous cryptocurrencies is Bitcoin (BTC) and it has gained more than 900% just in year 2017! I could not imagine how crazy would it be and I believe that the trend will definitely continue. Alright, back to the topic, how can we make money from cryptocurrency without having it? Is this possible? The answer is yes, we can do it by having some virtual trading.
For retail traders like us, we can actually make use of leverage into cryptocurrency trading. There are brokers that offer to trade cryptocurrency with the leverage of 1:10. For example, you just have to pay 1/10 of the value to have 1 Bitcoin meanwhile, you own the full amount of one Bitcoin.
Now, you might ask:
• What are the requirements to start trading ?
• I have zero knowledge about trading cryptocurrency, how can I start with?
Actually, trading crypto has no difference with trading Forex or Stock. They share the same rule, i.e. “buy low and sell high”
This was a trade I entered this morning in buying BTC and I have made over 20 USD within a day just by trading the minimum lot, i.e. 0.01
I will be sharing more on how can we determine the trend of the cryto and hence have a better entry and exit timing. Stay tuned.
Thanks for reading