How to trade with Currency.com?

Currency.com (go online) is a universal online trading platform on which, among other assets, you can trade and cryptocurrencies. If you plan to trade only crypto, then you need to go to the appropriate section in the trading platform.

In the same section, you can edit the list of tools by adding your own, in the “Favorites”.

In this section of Currency.com you can also pick up a pair of actively rising and falling markets, high volatility markets. In the center of the top part of Currency.com there is a service for buying/selling cryptocurrencies. To the right of it are placed three icons, very useful for work. The “i” icon opens the “About Market” information block (price range, commissions, news, and more).

The next icon opens the exchange glass, which is one of the indispensable tools for trading cryptoassets. And the next icon activates a block of special information about cryptocurrencies (dynamics of transactions, exchanges, signals and more). When selecting a pair, which is supposed to be traded on crypto exchange Currency.com, in the lower half of the page you can see a candlestick chart of the asset’s price movement.

Next to the name of the traded pair there is a list of Currency.com instruments: add to a new list of instruments (the list must first be created), add to charts (the chart of this pair is meant), set interval, price type (by supply or demand to build a chart), chart type (if Japanese candlesticks are not suitable), indicators, tools for drawing (lines, arrows, levels, etc.), layers (order statistics) and the chart extension icon on the entire monitor. In the lower left part of the chart there is a settings button for it.

Working on this chart can be not very convenient. To move operations to a separate chart, you need to mark the monitor icon in the buy/sell service. Switching to the chart is done through the console on the left side of the trading terminal.

At Currency.com crypto exchange there is an opportunity to trade with leverage. Switch to this type of trading with the button at the top left of the site. Information about leverage is available by clicking on the “i” button on the right side of the chart. And additional information is loaded by clicking on “Buy” or “Sell”.

From the upper part of the trading terminal is a transition to the user’s exchange accounts, the button “Wallets”. On the left side of the trading chart you can see a number of functions, among which are “Portfolio” (statistics of transactions and orders), reports (on transactions and activity) and “Deposit funds”. However, if the client does not have funds, Currency.com reminds him of this in every section. After the deposit balance is replenished, the user can start trading. However, before starting real trading with real money you need to be confident in your knowledge and skills as a trader.

What do you need to know and be able to do?

If a trader has experience in trading on other crypto exchanges, he will not see any differences between Currency.com and trading on other platforms. If the user is on a trading platform for the first time, on Currency.com or any other, he needs to learn first. First, he needs to understand what cryptocurrencies are as a financial asset. There is a lot of information about crypto on the Internet, but you don’t need to go into technical information, types and kinds of blockchain, or how to mine it. You need to know what a crypto-asset is in terms of making money. You can get this information from reliable sources of information. Many of these resources will need to be monitored regularly in the future, as they make trading more efficient.

Second, while spot trading is the main way to make money on cryptocurrency exchanges, it is not the only way to make money. The Currency.com platform allows for leveraged trading and margin trading. In principle, these trading methods are similar, but the differences are such that each needs to be learned separately.

General information about cryptocurrency trading can be found in this material. How to choose a coin to trade, what is a strategy and what are they, the basics of technical and fundamental analysis are discussed in this article. A reliable cryptocurrency wallet is essential for trading. There are different wallets, primarily “cold” and “hot”. “Cold” wallet can work without an Internet connection, it can even be in the form of a flash card or a combination of symbols written on a piece of paper.

A “hot” wallet is connected to the Internet and cannot function without it. Those wallets offered by Currency.com are “hot” and are cryptocurrency user accounts. Traders usually have two wallets – a “cold” one, where cryptocurrencies are deposited for safe keeping. And a “hot” one, which always has coins ready to be traded. Wallets come with different capabilities, supporting different crypto and blockchain, it is important to choose the right wallet for your purposes.

In addition to the fact that a trader must constantly learn and strive to learn new things about the crypto market, he must constantly practice. The first trades should be done in the demo mode on Currency.com. Subsequently, new actions, new strategies and new cryptocurrencies must be tested in the demo mode first.