Cryptocurrency trading or forex trading is one of the largest financial markets in the world now, and many are flocking to it to achieve huge profits in less time than any other economic projects.

Through this article, we will help you find out what currency trading is if you are a beginner or need to see more details, and an overview of the most popular trading strategies.

Cryptocurrency trading
Cryptocurrency trading has now become very popular, as you can buy and sell currencies whose price changes daily between billions of dollars, in order to achieve the desired profit from the money, and you can follow with some instructions and instructions that you follow them as a full-time job, in order to achieve enormous profits like others who surely hear about their success in The world of currency trading.

Cryptocurrency trading involves speculating on price movements through a CFD trading account or buying and selling the major currencies via an exchange.

First, you have to know digital currencies and ways to trade them, starting with Bitcoin, which is the first digital currency that was released in 2009, but there were no exchanges with other currencies, due to its singular presence in the market.

After years passed, there were more currencies, and thus the idea of ​​trading digital currencies began, as people began to trade them with one against the other, when the price in the other currency increased, and this was what achieved profit.

After that, many people have experience in choosing tools that help to choose the right currency at the right time, with the help of some programs that analyze price trends and provide you with the right price for the currency that you have to buy during the current time.

There are two types of trading (short term and long term), now I will explain to you their advantages and disadvantages:

Short term trading
In this case, you buy a digital currency for a short period of time, because according to your studies and experience you know that it will rise in price in the short term, and in this case you can make a quick profit even if the return is not huge, as for its advantages and disadvantages as follows:

Short Trading Advantages:

1. Achieve high percentage gains

2. Currency rates can double overnight

3. You will find a large amount of currencies flowing in this short period

Disadvantages of short trading:

1. The possibility of changing prices very quickly, because the cryptocurrency market is very volatile

2. You need to spend more time analyzing the markets and continuous follow-up during that period

3. In the event that you are a beginner, you may not know the right time to increase prices or how to analyze the market in the short term, and thus you will not achieve the expected profit.

Long term trading
When entering the middle of long-term currencies, you will find the word “HODL” and certainly at the beginning of your dealings you will not know what it means. This word means keeping the cryptocurrency for a long-term instead of selling it quickly, and this period may reach a period of a year or more.

Usually this method is used by those experienced in the world of currency trading, because they expect the rate of increase in the currency during the next year (sometimes this is not guaranteed), for example, who bought bitcoin at its inception was at $ 0.35, and at the end of 2017 its price became $ 20 thousand. The process now.

As for the advantages and disadvantages of long-term trading, it is as follows:

Advantages of long term currency trading:

1. You don’t need to be aware of all the intricacies of charts and graphs, because you will hold the currency for a long time

2. You will need to spend more time investigating and knowing all the rates of other currencies, to choose which currency increases in price at a faster rate than others, and adopt your studies.

3. You don’t need a lot of money, you can buy a small amount of money, and let it grow in the long run

Disadvantages of long-term trading:

1. The wait is long and the possibility of missing opportunities to achieve bigger and faster profits through the short-term use of currencies

2. Do not analyze currencies on short trading, thus staying longer in understanding the trading process

Live currency trading
Currency exchange
There are multiple ways to trade currencies directly, we will provide you with the most prominent means that contain multiple platforms that facilitate your trading operations, including:

Automated trading platforms:
Through the automated trading platforms, you can show or copy the trades of others, as well as copy or show the complete strategies, thus you will enjoy the experience and knowledge of the successful traders around you.

MAC trading platforms:
Through MAC or Macintosh you can use powerful trading platforms, trading more than 200 instruments from currency pairs and stocks, in addition to being compatible with all browsers, it also allows you to trade on the go through the iPhone and iPad.

Mobile trading:
Many trading platforms allow a fast and simple application on mobile phones with their systems, to facilitate continuous monitoring and notify you of social transactions, in addition to the implementation procedures of registration, deposit and others.

Web trading:
There are now professionally innovative web trading platforms to work with online, in addition to being specially designed for beginners, so you will find simple explanations and descriptions for each action you take.