EnglishCryptocurrency
Digital money is gradually spreading around the world, attracting new users. Try it and you can start investing through Crypto Trading.
There are many features in the cryptocurrency market. Take advantage of all the benefits OrbitGTM offers (24/7 trade execution, high volatility, high chances of getting more profit).
Trade cryptocurrency CFDs with OrbitGTM
Cryptocurrency trading involves speculating on price movements through a CFD trading account or exchange. Trading in crate currencies works on the same principle as trading in regular currencies, buying low, selling high
During crypto trading, you can also open a long position (“buy”). A long position is usually opened if there is an assumption that the value of the cryptocurrency will rise. Another way to speculate in currency is to go short (“sell”) if there is information, or the currency will fall in value.
Why trade cryptocurrency?
Cryptocurrencies are traded for the same purpose - to make money. Among other benefits, you can find three main ones:
Cryptocurrency volatility Although the cryptocurrency market is relatively new, it is quite volatile, usually because of the sheer number of short-term speculative interests.
The market is available going forward (24/7) This is possible because the market has no centralized control. Cryptocurrency transactions take place directly between people on cryptocurrency exchanges around the world.
High liquidity Liquidity is a measure of how quickly and easily a cryptocurrency can be converted into cash without affecting the market price. Liquidity helps to shorten transaction times and improve the accuracy of technical analysis.
Cryptocurrency trading basics
News trading
As you understand, the cryptocurrency market is quite volatile, so it is very important to stay up to date with the latest events that could affect price changes. For example, changes in the economies of leading countries or global companies can lead to a fall or increase in prices.
At the same time, young companies or startups are also important players that can also change the rules of the game in the cryptocurrency market. Therefore, it is important to stay updated with the latest developments.
If you constantly monitor the news feeds of various leading publications, you can offer your services and, accordingly, make a good profit.
Technical analysis
This trading method involves constant analysis of the currency by identifying factors that are related to the value of assets in the past and in the current market. For this historical data on volume and prices are taken into account.
Thus, by analyzing price changes in the past, you have every chance to predict future changes and indicate how the stock will change in the future.
Conduct technical analysis thanks to the toolkits provided on the OrbitGTM platform.
Fundamental analysis
Fundamental analysis also provides the ability to expect price changes, but only based on the basic design principles. However, you may not always get enough information, since cryptocurrencies are not corporations and do not provide financial statements. Therefore, all information can be collected through subscriptions to various publics for traders.
OrbitGTM news service or another additional service will also suit you for an initial analysis.
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Crypto Trading Strategies
Day Trading
The most popular type of trading, which is fast trading. With it, entry and exit from positions occur on the same day. The short-term type of trading involves the use of technical analysis to formulate trading ideas.
Swing Trading
This is a type of long-term trading strategy that involves holding positions for more than one day, but no longer than several weeks or a month. This type of trading uses both technical and fundamental trading factors. This strategy is recommended for beginners because buying and selling decisions can be made with less haste.
Trend Trading
This type of trading involves holding positions for a longer period of time, usually at least several months. Using this strategy, traders can go long in an uptrend and short in a downtrend. Fundamental analysis is best suited for trend trading.
Scalping
The fastest trading strategy focuses on reusing small moves. For example, capitalizing on supply and demand spreads, liquidity gaps, or other market inefficiencies. Scalping is ideal for high liquidity markets where entry and exit of positions are relatively smooth and predictable.
Buy and hold
It is a passive investment strategy in which traders buy an asset intending to hold it for a long time, regardless of market fluctuations. This strategy is usually based on fundamental analysis.
Index investing
The strategy is to buy ETFs and indices in traditional markets. The essence of the strategy is to take a basket of crypto assets and create a token that tracks their aggregate performance.
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Take a step towards creating an account
This is a small step for you, by a giant leap to your financial future with OrbitGTM.