Getting Rich with Cryptocurrency and Forex Trading Strategies | Medium

Forex trading has been extremely popular for decades, but now trading cryptocurrencies are becoming quite common, as well. Cryptocurrency trading has made many people very rich; there is a huge variety of coins that offer different levels of risk and reward and if you don’t have a lot of capital to start, margin trading is available, too.

In this article, I will explain the ins and outs of the cryptocurrency market and the process of trading. Then, we’ll compare and contrast cryptocurrency trading strategies with forex trading strategies.

Introduction to Cryptocurrency Trading

The first step to trading cryptocurrencies is getting your funds onto an exchange. This is as simple as moving coins or tokens you’ve already bought from your wallet to an exchange or even just buying your first coins or tokens directly from an exchange (after linking your bank account or credit card).

Cryptocurrency exchanges operate similarly to foreign exchange markets, but the primary factors to bear in mind which are different from the forex infrastructure are:

• Operating hours — cryptocurrency exchanges operate 24 hours a day, every day, all year
• Selection of currencies — there are hundreds of…