How to earn with Currency.com?

Exchange Currency.com presents standard opportunities for making money on cryptocurrencies. You can use the exchange as an investment platform. In this case crypto exchange Carrencie is used as a service to buy cryptocurrencies and track the price to choose a good time to sell. And the Cryptocurrencies are stored in a cold wallet outside the exchange. Investors who buy cryptocurrencies with the expectation that the price will rise over the long term are called holders. Most holders do not buy coins once, but periodically add the same assets or expand their investment portfolio with new cryptocurrencies. On the website currency.com purchase of crypto for fiat is possible by bank card and bank transfer. Withdrawal in the same way.

Trading

However, the main strategy of earning on the cryptocurrency is trading, to learn more you can here, cryptocurrency trading. You can start trading immediately after registration in the “Trading” section. There is a buy and sell service, a list of assets with prices, indicators of price changes, in the bottom half of the section there is a chart where you can change the parameters: time interval, price type (supply/demand), chart type, indicators, drawing tools (arrows, channels, lines, Fibonacci elements and so on), layers (order statistics).

However, this trading service is not very convenient for trading. It can be expanded to the full monitor or in the buy/sell line, on the right, click on the “Add to Charts” button. Then the chart of the selected currency pair will appear in the left console of the terminal and will be available as a permanent chart. By default, the Currency is set to normal trading, to switch to leverage trading, you must click on “Leverage Trading” at the top left of the platform.

Data on the asset and parameters of the potential transaction can be found by clicking on “Buy” or “Sell”, the information is activated on the right side of the trading terminal: the name of the asset, quantity, commission. In the right console the “i” button activates the market information, below the hexagonal sign displays the analytical information on the traded coin and crypto market as a whole. If you switch to “Trade with Leverage”, then to the specified information is added information about the leverage size, commission, guaranteed stop-loss.

Trading strategies

If it is enough for a Holder to buy crypto, put it in his wallet and wait for it to rise in value, then trading implies active, systematic trading actions, which are called trading strategies. It is impossible to trade at a constant profit without a strategy. Strategies There are a lot of strategies developed, and they are classified in different ways. For example, it is possible to build a strategy based on time intervals or recurring situations.

Intraday trading can be called basic and is used by most traders. In this system, crypto traders actively sell and buy during the trading day, so that by the end of it all positions were closed. Swing trading is also a type of trading by time. Within the strategy, the trader determines the beginning of the price movement, places orders according to the predicted direction and closes transactions with the end of the cycle, such as the rise in price or its decline. The main task in this case is to determine the point of entry into the trade and the point of exit from it with profit.

Scalping involves working on a very short timeframe, with the trader opening and closing orders at every asset price fluctuation. In the course of an hour there may be dozens of trades. Most of them are most often losing trades but it is assumed that a few profitable trades will not only compensate for the losses of the losing ones but also allow the trader to fix himself in the profit.

Situational strategies track certain recurring situations. For example, a trader only buys coins when the cryptocurrency price decreases slightly during a positive trend, that is, when the price of the asset goes up. Such a system is called pullback trading. Impulse trading system assumes that the trader accurately predicts the moment of trend formation. If the beginning of an uptrend can be detected, then it is possible to buy crypto at a lower price, so that when it rises, the coins can be sold at a profit. As the trend continues to grow, purchases continue throughout its development until the point of extremum, that is, until the maximum price is formed.

There are a huge number of strategies, but successful implementation requires knowledge and well-tested skills. In addition to understanding the principles of the crypto market, a trader must understand how to use indicators and oscillators to accurately predict the value, and what sources of information about cryptocurrencies to use. Strategies should be tested in the demo mode, which is available on almost every cryptocurrency exchange. Currency.com also has this mode, and it is offered from the very beginning, after registering an account or you can switch to it in the Live tab.