Learn How to Trade Cryptocurrency – cryptocurrency trading for beginners

Are you curious How to Trade Cryptocurrency tells you? Watch our latest video to find out cryptocurrency trading for beginners its importance in trading.

How to Trade Cryptocurrency – Step by step

Knowing which currency past to trade. How do you figure out which currency is to trade at any given time. Well the answer is by knowing your fundamental analysis. Now fundamental analysis is the underlying reasons for why a currency is being either bought or sold. Now all I recently purchased a car for my family. Now I didn’t just go out and buy the very first car but I saw for sale. Now I did my research. I wanted to get the car that met my criteria. I wanted a car have a good safety record for my family, was suitable for long journeys, etc. So often my research I then look to getting a good car at a good price. Now buying in selling currencies is done by exactly the same principles. You need to focus on the reasons for why people are buying or selling currencies. And fundamental analysis is the way that the vast majority of professional firms trade. If like many firms invest thousands and thousands of dollars in getting up to date market news straight into the trading desks. Every day, by myself, we’ll look at Bloomberg and Reuters feeds in order to help me to decide which currencies to trade. Fundamental analysis is the reasons why our currency is moving the way it does and you want to be buying the currency used to have fundamental reasons to be bought and sending the currencies but how fundamental reasons to be sold and the very best trades all when you pair up a strong currency with a weak currency, it’s common sense really. So for example, if one central bank surprises a market by raising interest rates, that currency will likely appreciate and if at the same time another central bank surprised markets by cutting interest rates that currency will likely depreciate. You would them pass these currencies with opposing outlooks against the chopper as your trade able currency path and you would almost certainly make a very healthy profits in not extreme example. I’ll see that is an extreme example but the principle is important.
Weak currencies against strong currencies and vice versa to get the best rates and the fundamental price of each currency is based upon the expectations of the market, what’s going to happen next, what’s the mood of the market, on any given individual day market expectations and move revolves around the central bank is going to be doing. Next so the central bank should be your focus. Let me give an example recently which happened just on Friday gone and it was set in the non-farm payroll day and president trump tweeted in a not very subtle move is that I’m really looking forward to the job numbers today and Kenny traders were eyeing the job report and Kenny traders were actually thinking hang on if president trump is saying I’m looking for the jobs reports today, he’s off your using the data. So we can expect the US still appreciate into the jobs report and sure enough from the morning soon as president trump issued his decree the dollar, yen was appreciating all through the London, New York session as traders awaited the non-farm payroll. So that’s a good example.
Then of knowing what to try it, knowing what the market is thinking and trying to preempt the next move by the central banks. So which they look, what’s the latest news out free currency, has that been any top tier data released, what is that mean what’s the central bank focusing on, is the important data that’s been released and if it is look to trade that currency path, I gates in opposite path as you go in the opposite direction by doing this and then only applying your technical strategy to these currencies, you are rapidly and increasing your odds and chances are trading successfully every single day.