Cryptocurrency trading manual

• Bitcoin is a global currency. It is not tied to any state, and therefore it can be considered in some measure independent. Of course, it is influenced by events that occur in the world. For example, if in some country there is a depreciation of the local currency or if Greece takes another loan, then you can be sure that BTC will change its course a little. The crisis of 2013 greatly affected the cost of BTC. It was then in Cyprus (a significant offshore zone) introduced control over bank accounts. Account holders decided to pay attention to BTC because this currency cannot be controlled;
• BTC can be traded 7 days a week and 24 hours a day. There are no official exchanges that are tied to time or have a weekend or public holidays. There is also no official course and official price. All this creates just perfect conditions for arbitrage;
• BTC is high volatility. Price over the past few months has changed at an astonishing rate. High volatility also creates excellent conditions for trading.

What are the main principles of trading on the exchange crypto-currency? If you have already met with trading, then, most likely, these fundamentals already know. All that is required of you in order to make a profit is to buy cheaper and sell more. Of course, there is a whole set of tools, tactics and strategies for determining when it is better to buy and sell currency.The main components of any exchange trading crypto currency look like this:

• graphics;
• orders for purchase and sale;
• history of transactions;
• trading volume.

According to the graphs, we determine whether the value of the currency is going to decline or rise. Graphs can be different in appearance. For example, some display changes at 15-minute intervals, and some changes occur once a day. Orders are, roughly speaking, user requests for the purchase or sale of currency. According to the history of transactions, you can track what transactions were conducted on the exchange recently and with what tools. By the volume of trade, it is possible to judge which mass of the crypto currency has passed from one source to another in a certain period of time.

Popular Currencies Exchange

If you want to learn the Crypto-Currency Exchange yourself and find the one that suits you the most, then we advise you to pay attention to the following characteristics:

• Regulation and trust;
• Exchange location;
• The interest that the exchange takes from the transaction;
• Liquidity.

And also keep in mind that all exchanges for trading crypto-currencies are divided into 2 types:

• Exchange, where BTC and other forks can be exchanged for world currencies;
• Exchanges, where BTC and other forks change only to other crypto-currencies.

Forks are digital money, which are derived from BTC. And now let's pass to several popular exchanges crypto-currency, where it's the most profitable to trade BTC:

1. EXMO - is the best stock market in world. Payment systems are accepted here: Advcash, Payeer, Yandex, Qiwi and many others;
2. Binance - the Chinese exchange cryptocurrency - one of the largest. Located in Hong Kong. Takes the leading position in the world in terms of trading volume. BTC Exchange operates with many virtual currencies. On its platform, a rapid exchange and withdrawal of the presented crypto currency is possible;
3. Kucoin - was founded in 2017 and is included in the top stock exchanges for the largest trading volume of BTC in Asia. Support a large number of crypto-currencies and low commission;
4. Bter - popular Chinese stock bitcoin. More than 30 possible pairs of currencies. The commission is only 0.2% per transaction;
5. Tradingview - Russian stock exchange with a large and convenient functionality;
6. Bitfinex - one of the largest exchanges. You can trade only 3 pairs of currencies. In addition to bargaining, you can engage in brokerage, as well as carry out margin trading;
7. Bitstamp - here you can change BTC only to dollars and back. A feature is a low commission, charged by the exchange for each transaction;
8. BTC-e - probably the most popular exchange. It is not necessary to verify here, but in order to start trading you just need to specify an e-mail. You can change bitcoin for fiat money, that is, for dollars, euros, and rubles.
9. Kraken – the platform is designed to trade both digital currencies and national currencies;
10. OKCoin - another popular Chinese stock exchange and, therefore, all tied to the renminbi.
11. Poloniex - exchange, which is gaining popularity and looks very promising.

Strategy BTER: how to earn by means of crypto-currency exchange

Strategy BTER is one of the most popular earnings on the crypto-exchange markets. With this strategy, you will be able to double the funds invested in trading within 2 months, and you will transfer the commission only to the exchange, bypassing the brokers and other intermediaries.

If you can trade through any stock exchange, we advise you to start working with the BTER exchange. Any exchange crypto-currency, a step-by-step instruction on the BTER strategy, which is presented below, can bring you a permanent additional income.

1. Refill your balance on the stock exchange;
2. Go to the markets section and select the BTC market;
3. Select the appropriate currency pair. To do this, pay attention to the cost, as well as the volume of orders placed. The price should be low for the expected trade of the currency pair, and the volume corresponding to at least 0.8-1 BTC (better is more);
4. Go to any of the currency pairs that suit you according to the volume of the order and analyze the schedule. Consider best at 15- and 30-minute intervals. If the chart constantly moves downwards or tends to lower the value of the currency, then this currency pair suits you;
5. Attention: the downward movement should be at least 5-15% of the value of the currency per day. If the fall is 25% or more, it means that investors' confidence in the currency has fallen and it is better not to buy it;
6. Fill in the order to buy the currency. We set a course that is interesting to us or we agree to a market one. You should not buy currency for more than 50% of your capital on the stock exchange;

Now fill in the sales order and indicate the amount exceeding the purchase amount by 5%. With a successful analysis of currency pairs and carrying out about 20 similar operations per month, you can earn almost 100% profit. Of course, making a profit 20 times out of 20 is not so easy, be prepared for losses. That's why we do not recommend buying more than 50% of your capital on the stock exchange.

Strategies based on technical analysis

Strategies based on technical analysis, that is, the use of a mathematical approach to trading on exchanges, are still subject to heated debate. Some traders believe that they are inapplicable to crypto-currencies, while others say it was here that they found their true application. The simplest strategy is the use of so-called moving averages, which help determine the average value of the price for given intervals of time. If the value according to the graph above the moving average, the price increases, if lower - then falls. However, moving averages cannot be called the best tool for trading BTC and other currencies. Optimal today are considered such trading strategies for the currency, as trading on kickbacks, trading on impulses, as well as trading on breakouts. Based on these strategies, you can even write a small manual: "Trading on the exchange cryptocurrency  for dummies." They give practically guaranteed profit. Using a tool called "Japanese candles" is also a mechanism that can be called one of the best, if we talk about how it manifested itself in trading for its entire existence.

What to do if you go into negative

So, you bought as you thought the currency at an excellent price, however, the price falls again and again and for a long time does not grow. What to do? The first thing you need, or rather, you do not need to do is sell the currency for a value less than the one for which you bought it. Have enough patience and just wait. It cannot be that the price will not jump again. Overcome your desire not to go into an even bigger minus is very difficult, however, if you handle yourself and your greed, then you risk staying at a profit.

BTC trading by Forex

In order to earn on BTC, you can not only use the services of exchanges, but also such well-known services as Forex. So, in order to earn BTC on Forex, you can go the following ways:

• Open an account in BTC. Of course, it's easiest to trade in dollars, however, opening an account in BTC for Forex can raise your profit enormously. Moreover, some brokers allow trading with ordinary currency pairs when opening an account in BTC;
• Trade in crypto currency at the exchange. In addition, to trade ordinary currency pairs, you can trade directly by the BTC.

Of course, trading BTC through Forex has several features. So, the main thing is that the BTC course is constantly growing. Yes, it can change during the day, a week or even a month, however, a trend that we can observe in the future is upward. And also when working with BTC on Forex, you can note the following:

• BTC trading is conducted around the clock, unlike currency trading;
• Technical analysis can always be applied, moreover, for trading on BTC, standard tools such as sliding curves, levels, and so on work;
• BTC is very dependent on news, especially about crypto-currencies;
• There are no trading sessions. Trading activity is stable around the clock.

BTC Forex trading involves the use of all possible tools. Moreover, it is a bid for the future.

The best exchanges can be called those that earned the trust of traders from around the world. And also it is worth taking a closer look at Forex, because it also allows you to use BTC as your currency. Be sure to approach the issue of trading the Crypto currency deliberately: study the analysis techniques, offers of exchanges and their commission, before trading on the Crypto currency and only after that start the trading process.

Сryptocurrency trading state regulation

So many enthusiastic reviews of educated users about the crypto currency, and government administrators look at it for some reason. It is obvious that virtual money changes the balance of opportunities and interests that settled in the global segment of financial relationships. It is also clear that these changes somehow infringe the interests of state apparatuses.

International trade’s nuances

How is international trade organized at the micro level? What interests are involved in this process? At first everything is simple: for example, one in China sells, and another in the US buys. Terms of delivery and payment can be completely different (CIF, FOB, FAS, etc.), most importantly - the goods must cross the border of the exporting country (this is the buyer's interest), and the money must come to the settlement account of the seller in the resident bank (this interest ... No, not the seller, but the exporting state).

There is a lack of co-ordination of interests of economic participants. In the receipt of foreign exchange earnings on the seller's settlement account, the government of this country is more interested than the exporter itself. The latter, even as a patriot, secretly wants to have freedom in choosing directions for possible investment or ways to organize savings (including corporate ones). Therefore, the exporter with great zeal will prefer to leave the foreign exchange earnings abroad (on some account in offshore jurisdiction). This is the way a veiled export of capital takes place. But no prince wants the balance of payments of his patrimony to show any signs of scarcity. Therefore, the fiscal authorities are keenly watching the return of export earnings. In the event that its concealment is observed, then a criminal case is immediately instituted. There is no separate article for this, the case falls under the comprehensive 159th fraud (and, as a rule, part 4).

There is one more nuance - an estimation of customs cost. This is the value with which the export duty is to be paid. Some, wishing to save on compulsory payments, agree that the seller will understate the value of the exported goods in the contract (which goes to customs), and then the buyer will "deliver" the difference to the seller (for example, to the same offshore account). Deviation from the norm (especially, for a substantial amount and for a long time) is the reason for blocking the shipment and initiating criminal proceedings.

At the same time, it is impossible to overstate the customs value when importing. It would seem that the overstatement will only lead to an increase in the amount of duties, which is beneficial to the treasury. But here the difference between real and inflated value can also represent an illegitimate withdrawal of capital. If  legalize virtual currency as a means of payment, international traders will start paying it, and then the outflow of capital from the country can be registered after the actual shipment of the goods. After all, the crypto currency is cross-border. Well, let the seller is in the country and feels well, even if he even paid all taxes for export (and indeed), but where is the guarantee that export earnings will come to the country? How can it be tracked at all? These are virtual coins. To say that they are in the country, you can only when they begin to spend money on any projects.

Domestic trade and savings

After the full legalization of the cryptocurrency , it will be extremely difficult to estimate the amount of free capital in the country. It turns out that citizens are exchanging something, the goods change owners, but the capital is not visible. Who knows, maybe someone will decide to sponsor militants or engage in drug trafficking on earned cryptocurrency. The inability of crypto-currency savings is not just state control, but even statistics is a huge problem for the authorities. Nobody will not only know, but also technically cannot get information about how much a specific citizen or company has money, whether they invested and, if so, in which country. Separately, the topic of corruption. The second name of savings is reserves, and the latter can be launched at different enterprises, which are not always legal. It is thanks to the anonymity of the crypto currency that the bribery procedure becomes easy, unconstrained and absolutely improvable, that is, unpunished.

The way to build one’s own cryptocurrency trading strategy

The first thing to do is to recognize that there are no win-win strategies. And if one can achieve 60-70% of profitable trades in the Forex or in the stock markets, then in the crypto-currency market, with volatility of 10-30% of the coin's value per day, the risks are many times greater.

Stages of building a trading strategy:

• choice of crypto currency. The principle of choice should be based on the perspective of the project and the diversification of risks. The more well-known the project (MTC, ETH), the more speculative capital in it and the more volatility. Examples of recommended liquid coins: Stellar, ZCash, Augur;
• choice of exchange. Despite the popularity of Poloniex or Bittrex, where most crypto currencies are listed, it's not so simple with them. The most frequent complaints are: limit on the number of registered users (restrictions are set due to high demand), difficulties with passing verification, frequent break-ins. EXMO has problems with the support service. Alternative - trade through exchangers, storage of coins on electronic purses. Let it be more expensive, but more reliable;
• choice of the strategy itself. Short-term trading from the point of view of commissions is more favorable on Forex, for long-term strategy it is better to use wallets.

Useful tools for building strategies in the crypto-currency market

1. Coin Market Cup. A site on which all existing crypto-currency projects are collected. If you heard about some crypto currency, but it is not in the list of this site, then you have a 100% pyramid (HYIP). Platform’s features:

• ranking of the Crypto-currency by such criteria as capitalization, percentage of growth (price reduction) for 24 hours and 7 days;
• graphical display for a fixed period of quotations of the crypto currency against the US dollar and PTS, the display of the change in capitalization;
• information on which exchanges you can buy this or that crypto currency, specifying the share of trading volume for 24 hours for each exchange and currency pairs (currencies and crypto currency);
• links to the sites of crypto-currency projects and exchanges;
• there is a principal division of crypto-currencies into coins and tokens (independent crypto-currency projects based on own brokerage and projects created on the basis of decentralized networks - Ethereum, NEO, etc.)

The platform is very convenient for tracking the dynamics of the crypto-currency market and individual coins. True, his quotes differ from the quotations of stock exchanges (there is some delay and averaging quotations) and most of the projects are just hype with convincing legends that will never be realized.

2. Platforms of crypto-exchange exchanges. Tracking quotes online allows you to implement an arbitrage strategy - earnings on the difference of the coin rates on different exchanges;
3. Forklog.com. The profile platform, which publishes the latest information on crypto-currencies: forks, planned updates, accession to networks of new participants, etc. The platform is a kind of independent analytical portal and economic calendar, allowing you to quickly assess the prospects for quotations of crypto-currencies;
4. Telegram. Messenger, a social network that publishes information about the impending pampa of a little-known crypto currency. A strategy with a very high risk - there is always a chance of not having time to leave the market in time. But the trade in artificially created pampas (explosive price growth caused by demand) remains popular due to the excitement of traders.

Sometimes it's useful to look through forums and blogs, but they can be used to manipulate the minds of traders. They are interesting for general development, but cannot be the basis for building a strategy. It is allowed to use technical analysis, but due to the unpredictability of quotations, its signals are not accurate.

Properties and parameters of the crypto currency payment system

The turnover of the new crypto currency is between decentralized participants of the system in a decentralized manner and without binding to a single server or main issue point. The growth of the total amount of electronic money within the world network invariably leads to the development of exchange trade in such types of resources or their mutual exchange between investors. Since the logic of numerical code generation algorithms becomes more complicated when the total mass of virtual coins is increased, and the generation process becomes possible only with the most powerful and expensive technical devices, favorable conditions for trade development and operational calculations (instead of less profitable independent generation) are created.

Crypto currency has real prospects, which are confirmed by research, financial analysis, publications in the media, and rapidly growing demand. For example, the rate of the main and initial crypto currency BTC ranged from a few cents to more than $ 250 per coin. Typically, investment tools or programs are in demand and have a certain cost, because they bring a useful result for developers and other counterparts in the service protocol or partnership projects. Unlike the traditional principle of distributing servers, the organization of transfers of numerical codes or crypto-currencies without intermediaries makes possible mutually beneficial cooperation even between the minimum number of nodes, participants or parties (two). Each network node consists of a virtual graphical shell, which is considered an electronic user purse and is used to store crypto currency; a file with keys for access to funds or coins and a database of all transaction units of the system (a complete history of network transactions). In the system of crypto currency, there are three types of purses, which are applied depending on the goals and objectives of the owner. The so-called full purse, which is offered by the original BTC crypto currency development program, contains the total cumulative history of all postings and system blocks (providing effective control and full service of the payment system), as well as access keys, but takes up a large amount of the physical space of the computer (10 GB and more), which significantly complicates the process of copying and synchronizing data.

Light wallets contain only the keys for confirming the specified function, but all transaction history data is not stored, which minimizes the start time for access to the management server and the amount of occupied space on the hard disk of the computer. To access the common database of the local payment system, the client program accesses the network service. The advantage of this approach is the restriction of external access to files containing password keys and user accounts that can and should be further encrypted and duplicated for backup storage in order to prevent corruption or virus infection of data.

Web purse (or online wallet) allows the user to quickly access the service of the system and alternative funds from anywhere in the world for the owner to perform all types of transactions. Payment resources or crypto-coins are stored on a remote web server, and a special software application provides service and network connection to the node (logon). Given that the files of keys to access private data are on external or external information media, it is necessary to take care of the security of the operating system and saving of capital from possible theft, since payment management takes place remotely with participation in the management of other persons. In such wallets, experts do not recommend placing all funds.

The main part of the node that communicates with other computers and forms the network is the so-called “demon” or personal hypertext markup code in documents written in the standard HTML programming language (English Hyper Text Markup Language). At its core, “demon” is a free, compact program with a user-friendly interface that contains various universal tools for automatically managing service providers and access mechanisms offered by the developer, which works in accordance with a pre-defined algorithm (without the direct involvement of the computer administrator).

Basic rules for ensuring the safety of funds

When carrying out business activities and transferring funds to various external sources, such as network nodes, online services (shops, exchange offices), currency exchanges, users need to monitor the security of their anonymous property and observe the basic generally recognized useful rules. Purses are recommended to encrypt, and also to clone or copy and place in several places. The encrypted wallet is best stored not on the hard disk, but on mail or other resources. It is very important to update in a timely manner the versions of the software offered by the developer of the current software applications that contain the latest technological mechanisms for encryption and generation of complex confirmatory passwords. The mechanism for encryption of the wallet can be provided in the internal interface of the program.

To effectively protect their savings, experts advise using complex and multivalued password keys that are copied to spare media or network platforms; Before making a transfer, check the certificates of sites that provide intermediary services or servicing of the payment system in order to determine a possible fraudulent copy (which can be indicated by system messages about all possible errors or various malfunctions); fill in personal data or enter accounts only on reliable computers; limit access to the terminal to avoid the impact of destructive programs, conduct regular anti-virus services and update databases; Confirm all transactions with additional requests or messages to the e-mail address or mobile phone.

Today, many users have an electronic wallet with crypto currency. The easiest way to fill a purse is to buy the necessary crypto currency. For this purpose, there are special virtual trading platforms on the Internet that exchange, buy and sell any kinds of cash equivalents. The system is designed so that no one can cancel the given transactions between users or affect the conditions of the transaction (volume, address of the counterparty, etc.). The wallet is best run on a specially crafted virtual machine. Money can be lost when reinstalling the operating system or replacing the hardware of the computer (hard disk, etc.).

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