How to make money online

How to Make Money Online: 5 Things I Do to Make $50,000+ a Month Online

No Fancy Tricks, Just Hustle and Sweat

 Yes, you can make money online. That sounds really dumb to say and I hate saying it because that phrase alone sounds scammy as hell.

Anyone can make money online and I’m not trying to blow smoke up your ass.
There isn’t a crazy system that you need to learn or mystery that you need to solve.
Go on Pinterest and check out any big blog. Everything they do to make money is sitting right there in front of you.
It might seem so obvious to you that you don’t actually believe it. You might think that there is a secret that you are missing but there really isn’t. If you study enough success stories you can see the methods that they use.
In this post, I’m going to explain to you the 5 different ways I make money online and how I was able to achieve each one.

Who the Hell am I?

My name is Paul Scrivens and I run over twenty (!!!) blogs in different niches.
Before you get the wrong idea, you don’t need to run this many blogs to make this kind of money. I just do it because I like to understand how to be successful in a number of niches.
Currently, across my sites, I make over 5 figures every single month. It varies from month to month depending on the niche and what I’m promoting but every month I’m guaranteed (okay, nothing in life is guaranteed but it’s consistent) to make at least $50,000. Check out this blog income report that I created to see where the money comes from.
Here is a screenshot of one of my sites bringing in money almost daily:

Note: I can’t receive bank deposits over the weekend so some days in the above image are skipped.
If you want to get an idea of some of my sites (besides this one) then here is a list of some of them:


As you can see, I’m pretty varied in what I do and it’s important to keep in mind that all of these sites contribute towards the money I make each month.
What about the other sites? They are still in the grow out phase so they won’t be added to the list until they start bringing in money as well.

First Things First

Before I dive into the 5 ways I make money online I want to talk to you about the most important aspect of making money online no matter what route you decide to take: building an audience.
If you can build an audience online then you have an easy road to making money.
This is a basic concept to understand. If you have an audience that pays attention to you, you can make money.
Remember that.
It’s the core concept of any audience whether it’s online or offline. Without an audience (clients, customers, members), you have no business.
The problem is that many people just don’t know how to build an audience or don’t put any focus on building an audience. Instead, they concern themselves with blog themes, Twitter posts, and other small things that don’t move the needle.
This is a big reason why the very first course you encounter in the Billionaire Blog Club revolves around Pinterest. You need to learn how to build an audience and that means getting traffic.
Seriously, if you have a blog and have decided that you need to start building up an audience then Pinterest is a great place to start. I have a Pinterest Course available to Billionaire Blog Club Members and a book on how to increase traffic with Pinterest. That’s how important I think it is.
If you can get traffic to your site then the whole world begins to open up for you.
It’s great that some bloggers will tell you that you don’t need much traffic to make money and they aren’t wrong, but if you can get a lot of traffic everything becomes much easier for you.
If I have a blog that is getting 100,000 page views a month that means that I’m probably getting at least 50,000 people to the site (most blogs will do between 1.2 to 1.4 pages per session). That means I have to try and get some small percentage of those people to buy something from me if I really want to do well. If I can’t get them to buy something then (in some cases) I have ads running on the site that will make me money anyways.
With a decent ad network, like AdThrive or Mediavine, 100,000 pageviews should net you between $800-$2000 a month.
As the number of people visiting my site increases, the chances of me making more money increase. That should be easy enough to understand with one caveat. The traffic just can’t be random traffic. It has to be traffic that is interested in what I’m writing about.
You aren’t going to bring 100 vegans into your hot dog shop (no you don’t serve tofu dogs).
It’s a pretty simple formula but for some reason, many bloggers (and other website owners) don’t put a lot of time in figuring out how to get traffic to the sites.

Make It Easy With a Good Niche

Now, let’s address something else which is going to be bad news for some of you.
If you want to make money online then I’m not going to tell you to follow your passion. Instead, I advise you to do stuff that has been proven to work.
There really is no reason to try a different niche for your first blog.
I’ve spoken with people that want to start blogs on the topics they are most passionate about and they assume that they will do well simply because they believe other people love the topics as much as them.
Wrong.
What people love are things that make their lives easier and better. Why do you think how to make money blogs, personal finance blogs, and health blogs do so well?
Don’t hesitate to start a blog in a big and popular niche. The audience is already established in those areas so it’s pretty silly to avoid them.
With that being said let’s dive into the ways that I make money online.

Every penny that I earn starts with my blogs. I’ve put together a free 12-day blogging bootcamp for you that goes through every step that I take to build a successful blog.
Enter in our masterclass!

This is the easiest way to make money online from a technical standpoint because you don’t have to do anything but post a link on your site.
That link points to a manufacturer of some product that will pay you every time someone purchases from them.
For example, if I run a car blog and I sign up for an affiliate program with a car parts shop, I can link the different car parts that I like on my blog and when people click on the link and purchase from the car parts shop I get a cut.
The commission that you get is totally dependent on the affiliate program. There is no status quo. I’ve seen percentages range from 4% to 90%.
However, making money with affiliate marketing is a lot harder than people present it. You might think that all you need to do is put a link on your site and then watch the money flow but that isn’t the case.
You have to do a lot of upfront work to convince your audience that they want/need a particular product. If you can’t do that then your links will just sit there unclicked.
If you want to learn more about making money with affiliate marketing then check out this guide to affiliate marketing.
I also have an awesome course dedicated to affiliate marketing that will show you all of the steps that I take to make money with affiliate marketing.

Technical analysis for beginners

Bitcoin and Crypto Technical Analysis For beginners

Crypto traders have several tools to assess the cryptocurrency market. One of them is an approach known as Technical Analysis. Using this method, traders can get a better understanding of the market sentiment and isolate significant trends in the market. This data can be used to make more educated predictions and wiser trades.
Tech analysis considers the history of a coin with price charts and trading volumes, no matter what the coin or project does. As opposed to technical analysis, fundamental analysis is more focused on establishing if a coin is over or under valued.
To get a better idea of technical analysis, it is crucial to understand the fundamental ideas of Dow Theory that tech analysis is based on:

1. The market considers everything in its pricing. All existing, prior, and upcoming details have already been integrated into current asset prices. With regards to Bitcoin and crypto, this would be comprised of multiple variables like current, past, and future demand, and any regulations that impact the crypto market. The existing price is a response to all the current details, which includes the expectations and knowledge of each coin traded in the market. Technicians interpret what the price is suggesting about market sentiment to make calculated wise predictions about future pricing.
2. Prices movement aren’t random. Rather, they often follow trends, which may either be long or short-term. After a trend is formed by a coin, it’s probably going to follow that trend to oppose it. Technicians try to isolate and profit from trends using technical analysis.
3. ‘What’ is more important than ‘Why’. Technicians are more focused on the price of a coin than each variable that produces a movement in its price. Although multiple aspects could have influenced the price of a coin to move in a specific direction, Technicians assertively review supply and demand.
4. History tends to get repeated. It is possible to predict market psychology. Traders sometimes react the same way when presented with similar stimuli.

Trend Lines

Trend lines, or the typical direction that a coin is moving towards, can be most beneficial for traders of crypto. That said, isolating these trends can be easier said than done. Crypto assets might be substantially volatile, and watching a Bitcoin or crypto price movement chart will probably reveal a selection of highs and lows that form a linear pattern. With that in mind, Technicians understand that they can overlook the volatility and find an upward trend upon seeing a series of higher highs, and vice versa – they can identify a downtrend when they see a series of lower lows.
Additionally, there are trends that move sideways, and in these cases, a coin doesn’t move significantly in either direction. Traders should be mindful that trends come in many forms, including intermediate, long and short term trend lines.

Important tip: you must be accurate when drawing these trend lines! How to do it perfectly? As you hover each candle you will notice the lowest price of it marked as “L” in the top bar (or the highest price, “H”, if line’s direction is down). Now place your line exactly there. Next, extend the line roughly, as it touches the next candle in the trend line, do the same – check exactly the “L” for that candle. Now correct your line. Final step is to auto-extend the line using line’s Settings – Line extend to the desired side (probably right). This explain was for Coinigy charts, but should work well with other chart applications.

Resistance and support levels

As there are trend lines, there are also horizontal lines that express levels of support and resistance. By identifying the values of these levels, we can draw conclusions about the current supply and demand of the coin. At a support level, there seems to be a considerable amount of traders who are willing to buy the coin (a large demand), i.e., those traders believe that the currency is priced low at this level and therefore will seek to buy it at that price. Once the coin reaches close to that level, a “floor” of buyers is created. The large demand usually stops the decline and sometimes even changes the momentum to an upward trend. A level of resistance is exactly the opposite – an area where many sellers wait patiently with their orders, forming a large supply zone. Every time the coin approaches that “ceiling”, it encounters the supply stacks and goes back.
There is often a situation in which trade-offs can be between support and resistance levels: gathering close to support lines and selling around the resistance level. This opportunity usually takes place when lateral movement is identified.

So what happens during breakout of resistance or support level? There is high probability that this is an indicator which is strengthening the existing trend. Further reinforcement of the trend is obtained when the resistance level becomes support level, and being tested from above shortly after the breakout.
Note: False breakouts occur when a breakout happens, but the trend doesn’t change. Hence, we must use some more indicators, such as trading volume, to identify the trend.

Moving averages

Another technical analysis tool for crypto currencies and technical analysis in general, in order to simplify trend recognition, is called moving averages. A moving average is based on the average price of the coin over a certain period of time. For example, a moving average of a given day will be calculated according to the price of the coin for each of the 20 trading days prior to that day. Connecting all moving averages forms a line.
It is also important to recognize the exponential moving average (EMA), a moving average that gives more weight in its calculation to the price values of the last few days than the previous days. An example is the calculation coefficient of the last five trading days of EMA 15 days will be twice that of the previous ten days.
In the following graph we can see a practical example: If a 10-day moving average crosses above a 30-day moving average it might tell us a positive trend is coming.

Trading Volume

Trading volume plays an important role in identifying trends. Significant trends are accompanied by a high trading volume, while weak trends are accompanied by a low trading volume. When a coin goes down it is advisable to check the volume which accompanied the decline. A long-term trend of healthy growth is accompanied by a high volume of increases and a low volume of declines. It is also important to see that volume is rising over time. If the volume is decreasing during increases, the upward trend is likely to come to an end, and vice versa during a down trend.

Not on the technical analysis alone

Using technical analysis, traders can identify trends and market sentiment and they also have the ability to make wiser investment decisions. However, there are a number of key points to consider:
Technical analysis is a practical method that weighs past prices of certain coins and their trading volume. When considering entering a trade, it is not recommended that you only rely on technical analysis. Especially in the field of crypto, a field that often generates news, there are fundamental factors that have a significant impact on the market (such as regulations, ETF certificates, mining hash, etc.). Technical analysis only ignores and can’t predict these factors, so the recommendation is to mix together the technical analysis and the fundamentals analysis to make wise investment decisions.
An analyst who makes a decision to buy a particular coin due to fundamental reasons can get technical support or find a good technical entry point and thus strengthen the trade’s ROI.

From Theory to Implementation: How to start and identify trends?

In order to get started, we need an analytics tool that draws graphs quickly and easily. You can use the existing graphs of the crypto exchanges, but they don’t provide trend lines and they only provide partial indicators.
Coinigy provides a comprehensive charting service among all trading coins and crypto exchanges. You can register following this link and get 30 days free trial.
This guide had presented the basic concepts in technical analysis among crypto. It is recommended that you deepen your knowledge in the field if you wish to implement tech analysis: indicators, Fibonacci levels, patterns (triangles, for example), and more. In our following featured article you will read about 8 tips for trading crypto. Some touch the technical aspect.
December 2017 update: We recently published an advanced guide for crypto technical analysis.

Cryptocurrency margin trading

Bitcoin and Altcoins margin trading for beginners

For traders with a limited amount of crypto resources, i.e. Bitcoin and altcoins, there is the option of margin trading in order to add leverage to the investment. This, in fact, increases the amount invested without having to actually hold the assets. It is important to mention that margin trading is not recommended for everyone and it has a very high risk.

Let’s start: What is Margin Trading?

Margin trading allows a trader to open a position with leverage. For example – we opened a margin position with 2X leverage. Our base assets had increased by 10%. Our position yielded 20% because of the 2X leverage. Standard trades are traded with leverage of 1:1.
Margin trading is possible due to the existence of the lending market. Lenders provide loans to traders so they can invest in larger amounts of coins, and lenders benefit from interest on the loans. In some exchanges, like Poloniex, users provide the loans for the margin markets and in others the exchange itself provides them. For example, in the Poloniex exchange anyone can lend their bitcoins or altcoins and benefit from interest on the loan. The main disadvantage is that the coins need to be in the exchange’s wallet, which is a lot less secure than a cold wallet.

Costs and risks of margin trading

As mentioned above, the cost of the margin position includes paying the interest for the borrowed coins (whether to the exchange or to other users), and fees for opening a position with the exchange. As the chance to earn more increases, so does the risk to lose more. The maximum we can lose is the amount we invested in order to open the position. This level is called the liquidation value. The liquidation value is the value where the exchange would automatically close our position so we won’t lose any of the loaned money, and only lose our own money.
Example: if we are talking about standard trading, leverage 1:1, the liquidation value is when the position reaches a value of zero. As the leverage increases, the liquidation value will get closer to our buying price. For example, Bitcoin value is $1,000, we bought one Bitcoin (long) with leverage of 2:1. The cost of our position is 1000 USD, in addition we borrowed 1000 more USD. The liquidation value of our position will be a little over 500 USD – because at that level we lose exactly our initial 1000 USD plus interest and fees. Margin trading can also be against the market, we can also short position with leverage.

Margin trading tips

Risk Management – When trading on margin it is important that there are clear rules of risk management, beware of excessive greed. Take into account the amount you are willing to risk, keeping in mind it can be lost completely. Set clear levels for closing positions, taking profit or a stop loss.
Watch closely – Crypto coins are considered assets with excessive volatility. Margin trading of crypto currencies doubles the risk. Therefore try to make short-term trading leveraged positions. Moreover, although the daily fees or margin position is negligible, in the long term the fees can amount to a significant sum.
Extreme movements – Crypto trading sometimes has extreme fluctuations that occur in both directions (“Deep”). The risk in this case is that the deep will touch our liquidation value. It could happen where the leverage is relatively high so the liquidation value is relatively close. In fact you can take advantage of these deeps and try to set closing target positions, hoping the deep will run over them, leaving you with a decent profit and then going back to the previous price. Additional tips for trading Bitcoin and Altcoins – can be read here and here.

Exchanges which enable margin trading

It is now possible to trade margin on most exchanges. The advantages of leveraged trading are very clear and another important advantage is the security aspect. Crypto traders should strive to minimize the amount of coins they hold on exchanges. Exchanges are considered hot targets for hackers and in recent years there have been several hackings of exchanges, the last major break was the Bitfinix hack in 2016 when a third of the exchange’s Bitcoins were stolen.
Trading on margin allows us to open increased positions with no need to provide the Bitcoin required, that way we can hold less coins on the exchange account. For example, if our portfolio consists of five Bitcoin and we want to hedge against the risk of Bitcoin’s decline, 10X leveraged short position could be open and it will be equivalent to 40% of our Bitcoin portfolio. To open the position the amount required is only a tenth of it (10 times leverage). That means that we need to only hold 0.2 Bitcoin. So our Bitcoins are stored securely in cold wallets.
Bitmex – Bitmex has gained a great reputation in a short while and many traders use it frequently (like our team). Leading the margin trading, the exchange offers up to 100X leverage margin trading, both long and short. It’s very easy to operate and has good support. With our link you can receive a 10% for first six months discount on the trading fees, upon registration. Click here for BitMEX trading video tutorial.
Plus500  – Plus500 is a worldwide fully-regulated company. A trader with a Plus500 account can trade CFDs on Forex, Stocks, Commodities, Options and Indices. In the field of crypto margin trading they  offer Bitcoin and all the major altcoins for margin trading (like Etherem, Ripple, Litecoin, Bitcoin Cash and more). The main advantage lies on the fact that they are fully regulated company (Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority FRN 509909), with 24-7 support and obligation to their millions of customers. You can join and immediately start margin trading using credit card deposit or bank transfer. Margin leverage can be set up to 1:2, and the start is smooth as a demo account can be opened free of charge. Click here to start trading. Keep in mind when trading, your capital is at risk. Bitfinex – This exchange coordinates the largest trading volume of Bitcoin USD market, with margin trading up to a leverage of 3.3X. The interface is user friendly and it’s simple to carry out transactions.
Poloniex – the largest crypto exchange. Leveraged trading of 11 Altcoins, there is no BTC USD margin trading. Leverage is available only at 2.5X. Relatively high interest fees when shorting.
AVAtrade – Another world-wide well known CFD exchange that enables trading of bitcoin’s CFD as well as some major crypto currencies. The company is fully regulated, and like Plus500, there is a free demo account. Here is a video tutorial to get started with AVAtrade:

How to make money with cryptocurrency

Beginner’s Guide to Cryptocurrency Trading (How to Make Profit)

Some cryptocurrency traders may forget about “traps” existing on trading platforms. In order to help beginners to avoid it and start to make first money from trading, in this short article I’ve listed the most important tips.

1. Theory. Before your first deal on a trading platform I strongly recommend you to have basic knowledges. Learn or ask about Candlestick Chart (also called Japanese Candlestick Chart), Order Book, Spread and Depth Charts. You also must understand different order types. I will cover it in next articles.

2. Cryptocurrency platform fees. Different trading platforms have different fees. Using some of them you will pay a percentage of each deal, using another ones you will pay for income and outcome (payout) transactions. Understand platform rules before starting use it.

3. Technical analysis. Remember, the technical analysis is based on the information from the past. Don’t even try to predict the future cryptocurrency prices, no one knows it.

4. Arbitration. Some traders could think it’s very easy to make profit from the difference of the prices on 2 platforms. Yes, it could be possible but don’t forget about hidden dangers. The main problem, during the operation the exchange rate can significantly change. You can minify the risk if you will have fiat money and cryptocurrency on both platforms. There are few other problems such as small available volumes for the price you are interested on, orders execution delays, transactions fees.

5. Distribution. To minify possible risks, it’s better to distribute your money into different cryptocurrencies. For exemple, in your wallet you can have 40% bitcoin, 25% ethereum, 20% bitcoin cash, 15% litecoin. Never sell all your part from this distribution.

6. Common sense. Playing on a cryptocurrency trading platform pay the maximum attention and be careful. Remember, you just starting your trader’s way!

7. Tracking. If you want to be successful, track the latest cryprocurrency news, ranking and key indicators. Daily. It will help you to make correct decisions. Personally I use LiveMarketCap.com. Unlike CoinMarketCap, there you’ll find a news aggregator based on trusted sources (CoinTelegraph, CoinDesk, …). There are also few interesting indicators such as Inflation graph and CMGR (Compound Monthly Growth Rate). I will try to cover main indicators in next articles.

And probably the most important tip before you start. Don’t trade with money that you can’t afford to lose! Really. Beginners are ready to do a stupid things, like investment of the whole savings. And the stupidest one are borowing the money from family and friends and invest that in to the bitcoin, litecoin, ripple etc. So please, always consider the option that you could lose everything if you don’t know what are you doing.

LEARN HERE TRADING STRATEGIES FOR MAKE MONEY

That’s all. Happy investing!

Trading guide for beginners

The Ultimate Beginner’s Guide to Cryptocurrency Trading

The Ultimate Beginner’s Guide to Cryptocurrency Trading 

In this guide, I will provide readers with the basic tools necessary in order to get started on their journey in cryptocurrency trading. Depending on the reception this guide gets, it is my intention to release more guides, with more advanced techniques.

Section One:

The Economics of Cryptocurrencies

In this section, I am going to introduce you to some of the basic economics of cryptocurrencies. Some of these concepts will be unique to the cryptocurrency market, but some will have been abstracted from more traditional investment markets.
The main intention of this section is to explore some of the factors that affect the price movements of a cryptocurrency. These factors include, but are not limited to:

• Supply & Demand
• Utility
• Market Sentiment
• Mining Difficulty

Supply & Demand – Starting with the fundamentals, supply and demand is a factor that certainly affects the price of a cryptocurrency. Bitcoin is the most well-known, and therefore, the most sought-after cryptocurrency.  With a circulating supply of 16.7 million coins, the number of Bitcoins available is quite low when compared to its peers.

Source: Coinmarketcap

This low supply, when weighed against the staggering demand Bitcoin has seen in the past few months, is believed, by some, to be the reason for Bitcoin’s surge in price.
Utility – In this context, utility simply means the usefulness of a cryptocurrency. The more useful a cryptocurrency is, the more likely it is to be perceived as valuable, and therefore, the more likely it is to be bought. Using Ethereum as an example, people believe it be useful because of the platform that it provides in allowing people build decentralized applications on top of. This novel use of blockchain technology as a sort of app store, as opposed to a medium of exchange, has been perceived by some to be very useful. And so, Ethereum can be said to have high utility and therefore be seen as valuable.
Market Sentiment – As a cryptocurrency trader, it is likely that you will switch between multiple positions at a high frequency. Therefore, it becomes key that any position you take is well researched and has a positive market sentiment surrounding it. This is where it becomes important to read recent articles on a cryptocurrency you intend to take a position in. If you invest in a cryptocurrency that has had no real coverage, it is likely that your position will stagnate, or even worse, decline in value. Getting a clear view on the sentiment surrounding a cryptocurrency allows you to screen the useless cryptocurrencies that are unlikely to experience any movement in price.
Mining Difficulty – Mining difficulty is simply a measure of how hard it is to be the next person that gets to add a block to the blockchain, and receive the reward for doing so. A lower mining difficulty indicates that a cryptocurrency is easy to mine; this results in an increase in the rate of supply, and therefore, downward pressure on its price. Conversely, a higher mining difficulty suggest that a cryptocurrency is harder to mine; this results in supply growing at a slower rate, therefore resulting in upward pressure on the price.

Section Two:

Order Book & Stop Losses

In this section, we are going to cover another key element of being successful at cryptocurrency trading, order book and stop losses.

Order Book

An order book is the number of buy and sell orders that have been placed at a particular price for a cryptocurrency. The order book is updated in real time and so can be a very useful tool in gauging the sentiment around a cryptocurrency. The order book is also known as the market depth, and can be used to provide an indication of the liquidity of a cryptocurrency. Liquidity refers to the ability of a cryptocurrency to bought and sold quickly without affecting the price. The larger the trading volume of a cryptocurrency, the higher the liquidity and vice versa.

The red line indicates the people who want to sell, and the green the people who want to buy. The dollar amounts on the x-axis is the price a market participant is willing to buy or sell a particularly cryptocurrency. While the y-axis indicates the number of cryptocurrency the buyer or seller wants.
For example, if Bob executed a trade for the sale of a single Bitcoin for $3500, this would be classed as and market order and join the order book. Bob’s executed trade would sit in the order book until it was filled, i.e. until Bob’s trade was matched with another individual who is willing to purchase his one Bitcoin at a price of $3500.
In terms of liquidity, more liquid cryptocurrencies tend to be preferred by traders because it means when they attempt to exit a position, they will not negatively affect the price. In addition, more liquid cryptocurrencies are significantly harder to manipulate, making them less likely to fall prey to pump and dump schemes that are prevalent within the cryptocurrency space.
If you are ever worried about the liquidity of a cryptocurrency, make sure to look at the order book to get a sense of the market depth.
Stop Loss
A sell stop loss is placed on top of a cryptocurrency trade that executes a sell order when the cryptocurrency reaches a certain price. Sell stop losses are placed below the buy-in price and are an effective tool in mitigating risk. In such a volatile market like cryptocurrencies, a sell stop loss is key because it is designed to limit your potential loss on an investment. Conversely, buy stop losses allow you to collect profits if your cryptocurrency were ever hit a certain price above your buy-in price. They are incredibly useful for capturing gains in times of volatility.
For example, if Alice bought the cryptocurrency, Ethereum, at a price of $100 per coin, but she was worried about the price falling below 10% of her initial buy-in price, then she can employ a sell stop loss. Alice enters a stop loss price of $90, and if the price of one Ethereum hit this price point, her holdings will be processed into a market order waiting to be filled. The process is exactly the same for a buy stop loss, except the stop loss price must be above the buy-in price.
ADVANCED TRADING STRATEGIES LINK

Section Three:

Technicals

In this section, we are going dive into the world of graphs and lines, otherwise known as technical analysis (TA). Technical analysis may seem scary, but it is actually very straightforward. TA is simply the use of historical trends to try to predict future price movements.

Relative Strength Index (RSI)

RSI measures the strength and speed of a market’s price movement by comparing the current price of a cryptocurrency to its past performance.
RSI compares the magnitude of recent gains to recent losses in an attempt to discern if a particular cryptocurrency is overbought or oversold.
The RSI ranges from 0 to 100. A cryptocurrency is said to be overbought once the RSI starts to approach 70. This suggests that the cryptocurrency is getting overvalued and so may soon experience a pull back. Conversely, if the RSI approaches 30, this is an indication that the cryptocurrency may be oversold, and thus is undervalued. This indicates that the cryptocurrency may be subject to a breakout at some point soon.
RSI is useful indication for when a market will reverse. However, false buy and sell signals can be created by large rallies or drop in the price of a cryptocurrency. This is where it becomes incredibly important to combine the RSI with other trading indicator signals.

The Moving Average Convergence/Divergence (MACD) Indicator

The MACD indicator is made up of two exponential moving averages that help measure momentum in a cryptocurrency by using the difference between short-term and long-term price trends to help predict future trends.
These two moving averages, and the distances between them, become the moving average convergence/divergence (MACD).
Convergence simply means that the two averages are moving closer to each other, and divergence that they are moving further away from each other.
One thing traders should look for when cryptocurrency trading using the MACD indicator is crossovers. When the MACD crosses above the signal line, this tends to be a bullish signal to buy the cryptocurrency. Conversely, when the MACD crosses below the signal line, this tends to be a bearish signal to sell the cryptocurrency.

Bollinger Bands

A Bollinger band is simply a moving average with two standard deviations plotted from it on either side. Standard deviation is simply a measure of market volatility and so Bollinger bands help account for volatility in a cryptocurrency.
When the cryptocurrency is a more volatile, the Bollinger bands widen, and move further away from the average. During periods of reduced volatility, the bands contract and move closer to the average. Thinner bands indicate that the market may soon experience large amounts of volatility.
When the price approaches the edge of the band, it is likely the price will reverse and come back within the range of the Bollinger bands, traders can use this as a signal to buy or sell a cryptocurrency.
For example, if the price approaches the upper edge of the Bollinger band, this is a signal that the cryptocurrency is overbought and thus will experience a correction. Similarly, if the price approaches the lower edge of the Bollinger band, this is a signal that the cryptocurrency is undervalued and will experience an appreciation in price.

Section Four:

Practical Advice

In this section, I intend to give more practical advice. Advice such as: which cryptocurrency exchanges to use, the best way of keeping your cryptocurrency safe, and which forms of social media you should use in-order to increase your chances of being a successful trader.

Exchanges

A cryptocurrency exchange is a platform that allows you to buy and sell cryptocurrencies. However, there are some distinct differences between some cryptocurrency exchanges that you will need to know.
A cryptocurrency exchange that allows you deposit and withdraw fiat straight from your bank account is known as a fiat gateway. By fiat I simply mean currencies such as: USD, GBP, and EUR. In essence, fiat is what you use every day to buy your groceries or pay the bills. Fiat gateways are important because they provide the means for you to actually get your money to a point that enables you to buy and sell cryptocurrencies. Popular fiat gateways include:

• Coinbase
• io
• Kraken
• Gemini
• Bitstamp

Fiat gateways can often be limited in the number of cryptocurrencies that you can trade with. For example, Coinbase only supports 4 cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Therefore, it is often necessary to use other exchanges that support a wider range of cryptocurrencies. These exchanges include:

• Bitfinex
• Bittrex
• Binance
• Poloniex

One downside of needing to move money between multiple exchanges are the fees. It therefore becomes important that you only move your cryptocurrency between exchanges when you need to. Excessive movement of money can easily result in fees eating into a large chunk of your profits.
Here is an example illustration of how you can move your money around in order to purchase a particular cryptocurrency:

In my example, I am making sure to buy ETHER (Ethereum) as opposed to Bitcoin for two reasons: Lower network fees and a faster transaction time. For reasons I will not go into now, purchasing and sending ether will result in it arriving quicker and me paying less in fees than if I had used Bitcoin.
However, this is not to say that you can use any cryptocurrency as a medium for exchange between cryptocurrency exchanges. It is important that the exchange supports the relevant trading pair. For example, if I wanted to buy NEO using ether, I would need to make sure that Bittrex supports the NEO/ETH trading pair, or else I would be unable to purchase NEO using my ether.

Social Media

Social media is an incredibly powerful tool for staying up-to-date with your investments, as well as for finding new ones. The cryptocurrency market is still so small that even a tweet by an influential player can add a few percentage points to a cryptocurrency.
The three key social media platforms that I would recommend include:

• Telegram
• Reddit
• Twitter

Telegram – Similar to WhatsApp, Telegram is a private messaging service that allows you to create and join group chats with thousands of people. A lot of cryptocurrencies within the space tend to have their own Telegram channel that you can join in order to stay up-to-date with the latest developments. In addition, Telegram is useful for learning from people who are more experienced. Even if all you do is lurk and never comment, you can still learn some neat tricks.
Reddit – A breeding ground for cryptocurrency maximalists, Reddit is a necessary evil if you want to make sure you’re not missing out on any important news stories. If you only care about one cryptocurrency e.g. Bitcoin, then you can exclusively follow the Bitcoin related subreddits such as: /r/Bitcoin and /r/btc. However, you have to be careful of the herd-like mentality exhibited by some of these subreddits, take some of the information you come across with a pinch… or tub, of salt.
Twitter – As previously mentioned, a tweet by an influential figure can move a cryptocurrency to green or to the red. Therefore, it becomes important to make sure that you are following the key individuals within the cryptocurrency space, as well as the official twitter account of the cryptocurrencies themselves. One thing that I like to do is to turn on the Twitter notification for the important accounts so I get notified immediately after a tweet is sent out.

Keeping Your Cryptocurrency Safe

Once an investor has successfully begun cryptocurrency trading, it is not unusual for them to simply leave the cryptocurrency on an exchange in hopes that their investment will turn a profit. However, this is a dangerous practise to engage in as cryptocurrency exchanges are prone to hacks that could see investors lose all of their funds. Notable hacking of cryptocurrency exchanges includes: MtGox and Bitfinex.
Despite this, there is a secure method that you can use in order to keep your cryptocurrency safe. One of the most effective ways of securing your cryptocurrency is the use of a hardware wallet. A hardware wallet is a physical device that secures your cryptocurrency by securing the private keys used to access them. Popular hardware wallets include:

• TREZOR Wallet
• Ledger Nano S Wallet
• KeepKey Wallet

Hardware wallets are a great way of storing your cryptocurrency if you intend to hold it long term. However, if you want trade a bit more actively than that, then it is usually recommend keeping some of your cryptocurrency on an exchange, but a majority offline.

Conclusion

To conclude, cryptocurrency trading can be incredibly lucrative if you are well equipped to take advantage of the volatility that currently exists within the market. It is not usual to see videos and news article discouraging people from cryptocurrency trading, something I do not necessarily agree with. Instead, you should approach cryptocurrency trading with an open mind and only invest what you can afford to lose.
This guide is simply meant as a primer to get you started on your journey in cryptocurrency trading. This guide, however, is not the be all and end all when it comes to cryptocurrency trading; you should always try to seek new ways to improve your trading strategy and knowledge.
I hope you found this guide to be useful!

LEARN HERE TRADING SECRETS 

Cryptocurrency trading strategies for beginners

Trading Strategies for Crypto Beginners

If you’re only buying Bitcoin, Ether and other currencies in order to sell them at a profit a short time later, then the investment is turning into speculation. You can trade the different tokens on a digital currency exchange (which are designed for trading fiat money for crypt currencies) or a crypto currency exchange (crypto for crypto). There are dozens of different exchanges that we’ll describe in detail in the guide.

The approach for speculating is the same as with stocks: you’re buying a value for money or Bitcoin. The value is stored in your account on the exchange. Once you have reached your goal, you can sell the tokens. Hopefully at a profit. There are many strategies, some of which we will present here.

Bitcoin and Nothing Else

You can buy Bitcoin, store it on a hardware wallet, bury it in your backyard and retrieve it 10 years later. Maybe you’ll have become rich by then. Maybe not.

Top 10

This strategy requires no knowledge and only a little work. You invest 50% of your capital in Bitcoin and spread the other 50% among the nine next biggest cryptocurrencies. The site coinmarketcap.com sorts the most important values according to their market capitalization. As of February 2018, this order is:

1. Bitcoin USD 150 billion
2. Ethereum USD 53 billion
3. Ripple USD 25billion
4. Bitcoin Cash USD 17 billion
5. Litecoin USD 9 billion
6. Cardano USD 5 billion
7. EOS USD 5 billion
8. NEO USD 4.5 billion
9. Stellar USD 4.4 billion
10. IOTA USD 3.6 billion

For the sake of simplicity, you distribute the second 50% evenly among the nine following currencies. Then you check them every month or quarter, sell the currencies that have dropped out of the top 10 and use the money to buy those that have replaced them.

Advantage: You’re always betting on the winners, spreading the risk and don’t have to pay a lot attention.

Disadvantage: Conservative strategy = lower profits. The more stable the market, the lower the profits.

Only the Best

You do the work and find out which companies and which business models are behind every token. Then you select the companies you think will be successful. You can create segments for that. Is there already a successful business behind the token or will this only be the case in the future? Is the token already a market-leader or a latecomer?

As an example, let’s look at platforms for smart contracts. The market leaders in descending order are: Ethereum, NEO, Qtum, Lisk, EOS, OmiseGo. From the present perspective, the most secure option is to trade Ether.

If you think the value of the token will increase in the long run, then you can buy it when the price is lower, sell it when it has increased, then buy it again on the bottom, and so on. If the value is increasing in the long run, then you can’t really go wrong with this strategy.

Advantage: the most secure form of speculative trading.

Disadvantage: besides the unpredictability, the evaluation of whether a company is good or not is based on your insight.

LEARN HERE THE BEST ADVANCED STRATEGIES

Utilizing Course Graphs

Look at the following chart. It shows the course of the coin OmiseGo in comparison to Bitcoin over a period of four days. You can see that the course isn’t linear, but wavelike.

If we increase the timeframe and look at the course over four months, the pattern looks the same: wavelike.

And even if we’re looking at the minute intervals within a single day, the graph takes the same course:

There are only two laws of the market:

1. The price will increase

2. The price will decrease

You can buy a value in a valley and sell it on a summit. If you’re doing that with coins you believe in, then you can sometimes also wait a while if the price doesn’t go up.

Mathematicians have noticed this arbitrary phenomenon that can be seen on every market. The have developed algorithms that allow for prognoses about when a valley or a summit has been reached. Some exchanges let you display these indicators.

Three of the better-known ones are MACD, RSI and Bollinger Band.

In this complex chart, you can see the current Bitcoin prices in the upper third. The green lines indicate a rising price, red lines indicate a falling price. The thin blue threads above and below the candle-shaped price indicators are the Bollinger Band. If the candle touches the top, then the value is “overbought” and will likely fall. If it touches the bottom, then the value is “oversold” and will likely fall.

You should combine this with the middle third. It shows the MACD. It’s best to wait until the MACD (here in turquoise) and the red counter value are both low, with the turquoise being higher than the red one. A rising price is expected.

The lower third shows the RSI. If the green line is down and starts to rise again, you can buy.

If all three signals show the same signs, then the probability of there being a trend is higher.

This is an extremely short explanation. Google the three indicators on the internet; you will find some good instructions. And you will find material for analyzing long-term trends.

Whether these indicators are better than reading tea leaves remains to be seen.

Day Trading

Here you are completely abandoning investing and are now only speculating. Daytraders use the same technologies we described above. Their timeframes are simply much shorter. It’s called daytrading because the positions should be closed by the end of a working day. Some daytraders sleep badly if they own coins overnight. Who knows what might happen at night?

Daytraders try to utilize special short-term course fluctuations. In the crypto space, this brings them profits between one and three percent. On other values they lose money. It’s almost a zero-sum game. Allegedly, good day traders average one to two percent in profit per day. We tried it and we are evidently worse than the statistical probability.

Pump & Dump

This is when shady individuals manipulate courses. They meet in groups and pump money into a value that subsequently rises. Unsuspecting traders see this rise and invest as well. The price continues to rise within a very short time frame. Then, the manipulators dump their coins and the price crashes.

On the one hand this is illegal and on the other it’s only possible in markets with low volume. There are many cryptocurrencies where you can push the course with investments as little as 30,000 euros.

On average, every small cryptocurrency is becoming the target of a targeted pump & dump every three months. Within a few minutes, the price increases by 30 to 1,000 percent and then falls back to the initial level within seconds. Daytraders can try to spot pumps by themselves. Or they join illegal groups to find out about the pumps beforehand.

LEARN HERE THE BEST ADVANCED STRATEGIES

Cryptocurrency trading for beginners

The Total Beginner’s Guide to Cryptocurrency Trading (Bitcoin, Ether and More)

As traders, our job is to take advantage of opportunities in the markets. Sometimes, these opportunities come in the form of entirely new markets.
I've been interested in cryptocurrencies for a few years now, but I've been very reluctant to trade them, much less write about trading them. I felt that there was just too much risk.
Especially for the average trader.
…and quite frankly, I didn't understand them well enough myself.
The first time that I saw them as viable for trading was when I went to this conference. I saw Chris Dunn talk about trading Bitcoin, but I was still skeptical that it would stay around for the long-term.
…until recently.
I credit my friend for talking to me about it on Twitter and opening my eyes to the potential in trading this emerging market. I'm not sure if he wants to be named, but you know who you are. I sincerely appreciate the education and helping me see the light!
This is a perfect example of the benefit of staying in touch with other traders on platforms like Twitter.
Anyway, as I have done more research and have actually started trading them, I have found that there are tremendous opportunties. With some coins, it's potentially like being able to get pre-IPO shares of Microsoft.
But there are also big risks.
Remember, the dot-com bust?
There will probably be losses of that magnitude too. That's just how these new technologies work.
So in this post, I want to share with you my knowledge of the cryptocurrency markets and give you a total beginner's guide to trading them. Be sure to bookmark this page because I'll continually update the information, as things change.
For you crypto veterans, this will be very simplified, but my goal is to make this information as easy to understand as possible so new traders can make an informed decision about the opportunities. Once people get the general concepts, then they can geek out about the details.
This is the future of FX trading. So in addition to USD/CHF, CAD/JPY and EUR/GBP, we also need to be aware of XLM/USD, ETH/BTC and XRP/LTC…

Table Of Contents

What is a Cryptocurrency?

Let's start at the beginning.
You may have heard many things about what a cryptocurrency is, but you may still be searching for an understandable definition. I hear ya, I was in the same boat for a long time.
Instead of getting too technical, here's the easiest way to think about cryptocurrencies:

A cryptocurrency is basically money on software platforms.

It's important to keep in mind that the teams/companies that are behind these cryptocurrencies are not only creating a new form of currency, but a new software platform. To demonstrate how this works, let's take a look at other software platforms that you are probably already familiar with.
Examining how these platforms work will help you understand cryptocurrencies. 
Here are a few software platforms that many people use:

• Windows: A software platform for personal computers
• Dropbox: A software platform for storing and sharing documents
• Fedwire: A software platform that sends money between financial institutions

On each of these platforms, a type of money is used, in exchange for using the platform:

• Windows: You pay US Dollars (or your local fiat currency) to buy a license for Windows to use on your computer. If you buy a computer that already has Windows on it, the license fee is included in the purchase price.
• Dropbox: You pay US Dollars (or your local fiat currency) to buy a subscription to use the software for a month or a year, depending on which plan you buy.
• Fedwire: You pay a transaction fee to use the system and you send fiat currency itself.

Each of these systems also have a database connected to it:

• Windows: Database is stored on your local computer
• Dropbox: Database is stored on the Dropbox servers
• Fedwire: Database is stored on the Fedwire servers

Cryptocurrencies essentially replace the US Dollars (or your local fiat currency) that you use to purchase these software services. The “database” that cryptocurrencies give you access to is based on blockchain technology. 
More on blockchain technology in the next section of this guide.
But wait, what are the software services that you are getting? Isn't a cryptocurrency like Bitcoin just a currency, like US Dollars?
Not quite.
The goal of cryptocurrencies is usually to improve on some type of existing software system or network. When you send money via PayPal, Fedwire or Western Union, you are basically sending fiat money electronically, similar to Bitcoin.
However, that's where the similarity ends.
Platforms like PayPal have severe limitations on what you can and cannot do. For example, you cannot send/receive money from certain countries (like Nigeria).
Cryptocurrencies like Bitcoin want to make financial transactions more open and accessible to everyone around the world.
Other cryptocurrencies solve other problems, which we will explore later in this guide.

Is Cryptocurrency Real Money?

Yes.
Since this is a new concept to most people, it will take some time to become widely accepted. This is where Bitcoin has been instrumental in paving the way for this new technology.
Websites like Newegg take Bitcoin, along with the other traditional payment methods. Here's what the checkout screen looked like after I added a drone to my cart.

Payment processor Stripe also allows online merchants to accept Bitcoin.

Notice that other coins like Ether or Litecoin are not accepted. However, the fact that Bitcoin is accepted, is a big step towards the adoption of other cryptocurrencies.

Risks of Cryptocurrency Trading/Investing

 LEARN ALL THE SECRETS HERE

Now that you understand the basics, what are the risks of trading these cryptocurrencies? There are quite a few, but here are the top three.

1. Some Technologies Will Fail

Remember that cryptocurrencies are basically software, created by people or companies. So just like Webvan or Pets.com in the dot-com bust, some of these technologies will fail.
…and they will fail spectacularly.
Right now, there is a lot of buzz around certain cryptocurrencies increasing several thousand percent, in a few months. This has a lot to do with ignorance and hype.
Just like when people found out that this new thing called the “internet” would change the world of business.
Did it change the world?
Of course.
But was there a lot of dumb money that overhyped the first wave of internet companies?
Totally.
So just remember, trading cryptocurrencies is kind of like trading a software stock. Some of the software will change the world.
Others will explode in a giant ball of fire.
There are also a lot of scam coins out there, so be careful. Like penny stocks that are just a company on paper, almost anyone can create a new cryptocurrency.
Learn how to separate the scams from the deeply underpriced currencies. Then use proper risk management and play the odds.

2. It Requires Technical Savvy

Let's face it, cryptocurrencies were created by super nerds. Like with Linux, there is still quite a bit of technical know-how that is required.
You don't need to know how to code, but if you are “not good with computers” you may want to stay away from cryptocurrency trading, at least until they start building more user friendly interfaces.
Don't get me wrong, I'm not calling anyone dumb. I'm just saying that if you don't possess a certain skillset, then you shouldn't get involved in that area. This could cause you to lose a lot of money, very quickly.
For example, I don't know how to sew, so I don't make my own clothes. If I did try to make my own clothes, everyone who meets me would think I'm a weirdo for wearing fucked up pants.
You get the picture.
So if you aren't so tech savvy, but still want to get involved, find someone you trust to trade for you.

3. There's a Lot of Broker and Technology Risk

Since this is emerging technology, there are still a lot of unknowns with trading at scale and how brokers and the software will react to certain surprise events. If you think that Forex brokers are risky, then you should consider cryptocurrency brokers at least twice as risky. Not just because they could be shady, but there a still so many unknowns with the technology.
However, I would still trust the bigger cryptocurrency exchanges over a lot of offshore binary options brokers
So the lesson is: Don't keep too much of your coinage at the brokers. Move them off to your own wallet as soon as possible.
I'll get to wallets later in this guide.

What is a Blockchain?

Simply put, a blockchain is a database.
However, there is one huge difference between how you probably currently think of a database and how a blockchain database works.
In most cases, a traditional database sits on one computer or in one location.
Even if a company has redundant servers around the world, the data might only be backed up between 3 to 5 locations. On top of that, these companies collectively spend billions of dollars a year on cyber security, to protect this data.
With a blockchain database, the data can be backed up on potentially thousands of computers all over the world, for a much, much lower cost. The information in these databases is heavily encrypted and sometimes files are broken up into pieces, so even if one piece is exposed, it will not expose the entire file.
If the information on one server does become compromised by hackers, the other copies of the databases have to “agree” that the compromised data was a legitimate change to the data. If the other copies do not agree, then the change is rejected and it is changed back to match the others.
Obviously, this is an oversimplified explanation of the technology, but I hope that you are starting to see the benefits.
Instead of just one point of failure, like on a single server, you now have multiple copies of the same database all over the world that is almost impossible to crack and will “fix” itself in the case of a hack. This can also save a ton of money on cyber security software and services.
Example
Let's say that a hacker gets into your bank's computer tomorrow and transfers all of your money to his account, then deletes any trace of the transaction. With today's technology, you would probably be screwed.
But with a blockchain currency like Bitcoin, if one server was hacked and a fake transaction was inserted into the database, then it wouldn't match the transaction record on the hundreds other copies of the database. This transaction would be seen as a fake and rejected.
Your money would be safe. 
This is one of the many reasons why blockchain technology is so exciting.

The Characteristics of a Currency to be Aware of

Although cryptocurrencies are all based on blockchain technology, they are not all created equal. Here are some differences that you need to understand to make informed trading decisions:

• Transaction processing speed
• Total supply currently available
• Will there ultimately be a limit on the total number of currency available?
• Will there be an unlimited supply of currency?
• Is there a real-world need for this software/currency?
• Real world adoption of the technology
• Any big investors in the project?
• Does the use of the software make sense?
• Do the founders have a reputable background?

These are just a few of the characteristics that you should look at. But once you start digging into these details, you will begin to see which projects could work for their intended purpose and which ones are probably scams.
This understanding will also allow you to assess the long-term viability of these different currencies and which ones will be more desirable in the future.
Example

Tether is a cryptocurrency that wants to be the proxy for fiat currencies. So there is a Tether USD version, EUR version, etc. But each one is pegged to the value of the currency, so you can never make any money trading it.
It is purely to provide stable and liquid transactions. So one USD Tether will always be worth about $1.
If you didn't know this and bought a bunch of it, thinking that it's cheap compared to Bitcoin, you will tie up your money in an asset that will never appreciate. Sure, you won't lose money either, but you would have lost out on other opportunties.
So understand the nuances of each crypto, it's very important.

What are the Different Cryptocurrency Use Cases?

Almost every currency software has a different intended purpose and individual implementation, with inherent strengths and weaknesses.
It's like Windows vs Mac.
…or iOS vs Android.
Here are a few examples of the different types of cryptocurrencies and what they are designed to do. This is not an exhaustive list, just a sample.
Note: I don't necessarily support these currencies, I'm just using them as examples of the different use case niches within cryptocurrencies. 

Worldwide Financial Transactions

• Bitcoin
• Litecoin
• Tether
• Ripple
• Stellar Lumens

Application Platforms

• Ethereum
• Storj
• Siacoin
• MaidSafe

Private Financial Transactions

• Monero
• Dash
• Zcash

Specialty Currencies

• GameCredits
• ReddCoin

Take a look at these different use cases and figure out which ones make the most sense to you. Then understand how each software implementation works and think about what will probably do well in the future.
To see our extensive list of cryptocurrency sectors, read this post.

How do You Buy Cryptocurrencies?

First have to go to an exchange or service that will allow you to purchase cryptocurrencies. Some of the bigger exchanges are:

• Coinbase
• Poloniex
• CEX
• Bittrex
• Bitfinex
• Binance
• LocalBitcoins

Many of them will allow you to use a credit card or link a bank account. As much as possible, do not store your cryptocurrency at the exchanges because they can be hacked. See the cold storage section in this post for details on how to store you coins safely.
It's easy to get Bitcoin, Ether and Litecoin. But if you want the smaller altcoins, you will have to do an exchange.

How to Buy Altcoins

First buy Bitcoin or Ethereum because those are the coins that are most easily transacted against the smaller altcoins. When in doubt, buy Bitcoin. If you want $10 of Bitcoin for free, use this link (while supples last).
Then find out where the altcoin that you want is traded. Go to Coinmarketcap and click on the coin you want to buy.
Next, click on the Markets tab for that coin. For example, here's where you can get NEM. The Source column will show you the exchanges where this coin is being traded.
Notice how most of them are traded against Bitcoin or Ether. 

Open an account at the most reputable exchange on the list. Once you are in your account, find the “deposit” wallet address for the altcoin you want to buy.
Here's an example from Poloniex. Copy this wallet address.

Next, login to the account where you bought your Bitcoin or Ether. If you bought it from Coinbase, then you can go to: Accounts > Send and paste the deposit address into that field.

Enter the amount you want to send, then click the send button.
It may take some time for the transaction to go through, so be patient.
When you see the balance in your destination exchange account, you are now ready to buy altcoins. Here's what it would look like when you have a Litecoin balance at Poloniex. This can be found in Balances > Deposits and Withdrawals in Poloniex.

Now go to the Exchange area of the website. In Poloniex, it would look like this:

Then click on the BTC tab. These are the currencies that you can exchange for Bitcoin. Click on the altcoin that you want to trade. Here's and example from Civic (CVC).

Next, scroll down and look for the buy/sell box. Enter the amount of altcoin that you want to buy. If you want to trade all of your Bitcoin, click on the link at the top with your total balance.

Click the Buy button and you are all set. The trade might not happen right away, so check your Orders > My Open Orders page to see the status.
The exact process will be different at different exchanges, but the basic idea is the same for all exchange.

How do You Store Cryptocurrencies?

With fiat currency like US Dollars, you can store them at the bank or in your wallet. It's pretty straightforward.
But with digital currencies, there are a few wrinkles that you need to get your head around, but the idea is similar. Let's take a look at how cryptocurrency storage works.
You store your cryptocurrencies on the blockchain in a “wallet.” This is simply an address on the blockchain. It's like how the website address tradingheroes.com directs you to my website, on the internet.
Each wallet has a public address and a private address. The public address is the address that people send funds to. The private address is the “password” that you use to access and send your funds.
Never expose your private key until you are ready to spend your funds, otherwise you will probably lose all the money in your wallet.
Here's an example from a Bitcoin paper wallet:

Image: bitcoinpaperwallet.com

Now that you understand the basics of cryptocurrency wallets, let's look at the different wallet options out there. Here are the different ways that you can store your loot:

• Online wallet: This is probably the easiest way to store your money. But it is also the least secure. So it's not a good long term storage solution, but it is fine for buying things and funding your trading accounts. Exchanges like Coinbase also have their own wallets built in.
• Mobile wallet: You can download a mobile app like Mycelium to store your spending money. It is more secure than an online wallet, but if your phone ever breaks or it gets hacked, everything in your wallet will be gone.
• Desktop wallet: Similar to a mobile app but just for desktop computers.
• Hardware device wallet: These are hardware devices that are built especially for storing cryptocurrency keys. They are safer than the options above, but they are still susceptible to the things that can damage all electronic devices.
• Paper wallet: You can also store your private key on paper, like in the picture above. This is the most hacker proof, but it is also the least convenient. If you are going to go this route, be sure to store them in a safe place (like a safety deposit box) and don't actually use paper. Use something like this to make sure that your money isn't lost to something as simple as a spilled beer.

Cryptocurrency Tracking Apps

Before I wrap it up, you will probably need an app to track cryptocurrency prices on your phone. So here are a couple of apps that might work for you.

• Blockfolio: A simple app that allows you to add a watchlist and add trades so you can track your portfolio, ala stock trading apps. The most useful thing about this app is that it displays all currencies on your watchlist in the currency of your choice. Some apps insist on displaying the value in Bitcoin, which is annoying.
• Coincap: This app allows you to display currencies by market capitalization, volume and other ranking factors. They also have cool charts. Very useful for seeing what is being actively traded. Also displays prices in your currency of choice.

These apps are not for storing or trading currency. They are just to check the markets.

What Can Affect the Price of a Cryptocurrency?

There are many things that can affect the price of a cryptocurrency…sometimes very quickly.
Here is what you need to be aware of when you trade cryptocurrencies.
Of course, there is no guarantee that these things will move the market. But based on what we have seen so far,

Exchange Listing

This is a big one.
When Coinbase added Litecoin to their already limited list of cryptocurrencies that can be bought, they made it easily accessible to the average person.
Their interface is the best I've seen so far. It makes it so easy for the non-technical person to buy Litecoin.
Soon after the Coinbase launch (marked with the arrow, in the chart below), the price of Litecoin started to skyrocket and it has never looked back.

Now, you might be thinking that this could simply be a coincidence.
…and it could.
But it is very, very likely that exposing Litecoin to Coinbase's user base helped boost the price.
So when a large exchange announces that they will start listing a cryptocurrency that you are trading, take notice.
Watch exchanges like Coinbase, Bitfinex, Poloniex or CEX.
It could give it the boost you have been looking for.

LEARN HOW TO TRADE AND MAKE EASY MONEY! LINK

Software Upgrades

Over the past few years, there has been a lot of discussion in the Bitcoin community about upgrading the core software functions of Bitcoin. The primary discussion has been around the transaction speed of Bitcoin.
If you have ever funded your trading account with Bitcoin or tried to buy anything with Bitcoin, you will understand what I mean. For a digital currency, the transaction time is a little slow.
It can take about 30 minutes or more, to do a single transaction.
Upgrading this speed has been hotly debated and finally led to the creation of Bitcoin Cash. After the split of Bitcoin Cash, Bitcoin has taken off to new highs.

There will be countless other software changes across all cryptocurrencies, so make sure that you understand the implications of those changes. 

Public Hype

Just like fake tweets can affect the price of a stock, any type of hype can affect the value of a cryptocurrency.
Good or bad.
So before you dismiss something as just hype, remember that hype moves markets too. But if you do trade hype, be sure to close your trade out long before the hype has a chance to cool off.
Otherwise, it could be a very expensive lesson. 

Wallet Improvements

Since you are reading this post, you probably want to start actively trading cryptocurrencies. But there are many other people who are investors and want to buy and hold for the next few years.
This is where storage becomes an important part of the cryptocurrency valuation equation.
Unlike traditional fiat currency that can be stored in a bank, your trading account, or your mattress at home, cryptocurrencies need to have a compatible wallet (or cold storage solution) to be stored safely.
Remember that cryptocurrency is simply software. So the wallet software needs to be able to work with the cryptocurrency software.
It's like trying to use the Windows version of Microsoft Office on a Mac.
That simply won't work.
Therefore, if a cryptocurrency doesn't have a good wallet yet, that will prevent less technical investors from buying the currency.
But as soon as one is available, then it makes the currency much more accessible to the masses.
…and thus, more valuable.
If you find that a cryptocurrency does not have a good wallet solution yet, that could be one signal that it is undervalued.
Looking for opportunities to buy, immediately after the launch of the first high-quality wallet, could give you a nice short-term profit.  

Platform Applications

Some cryptocurrency platforms, like Ethereum, host other applications. These applications, in turn, can have their own currencies or tokens.
If one of these DApps or Decentralized Apps does very well, this can have a positive effect on the underlying platform currency.
The value of the tokens should theoretically be independent of the value of the platform.
However, not everyone understands this and the success of one DApp can drive the price of Ether…at least in the short term.
So if you are trading a platform cryptocurrency, watch promising apps on the platform closely. 

Government Regulation

Finally, government regulation can have a huge effect on the value of a cryptocurrency.
One example is in Venezuela, where the police have been arresting Bitcoin miners on made-up charges. This has forced miners to go underground or start mining Ether instead.
But this could happen in any country. Any decision by the NFA or SEC could affect the value of certain cryptocurrencies. The SEC has already banned certain Initial Coin Offerings (ICOs), due to the potential pump and dump situation that could happen with those coins.
Be aware of current trends in government regulation and steer clear of currencies that could get red flagged by government agencies. 

Conclusion

So that is the Trading Heroes Beginner's Guide to Trading Cryptocurrencies. I hope that it answered any questions that you may have had about trading currencies like Bitcoin or Ether.
There will be more detailed posts on specific currencies and how to do some of the things mentioned above.

IF YOU'RE READY TO MAKE MONEY, 

TAKE A LOOK HERE 

If you have any more questions or comments, leave them below.
Happy Trading!