General information regarding how to understand trading your way.
There are lots of very good articles and videos which could help us to understand trading and help us to initiate.
But I am going to tell you about a site which has most of the information which we have to read in a virtual mode and they are much easier to understand and save time.
www.tradingview.com
It is a free site to get registered and provides a great deal of options and information with your free account.
Also provides free trading course in a short version if you like to participate and expand your knowledge.
At the same time you are able to gather charts from different platforms in one screen and go from one platform to another in the same screen.
There are much more services which this site is offering with its free account registration, so have a long and maybe is useful for you.
Keeping or trading with coins below $1.
As I have mentioned in my pervious articles one way of getting to know how to trade is buying coins below $1.
There are some wallets such as Exodus (you have to download it to your PC) that when you buy one of these coins which are related to ethereum blockchian, also you have to buy Ethereum.
For example, I bought Golem in Exodus and when I wanted to transfer it or exchange it, I had to have Ethereum because to the fees from there.
What should we do when market prices are going down?
Depending on the reasons and the situation we might find ourselves with you should make a decision.
For example right now with the Chinese government regulating exchanges and ICOs the best thing is to wait and try to follow the market behavior and see which coins lose less or more in a situation like this which could help us afterwards.
Personally I think within by end of next week we might have some good news but yet this is only my opinion.
What is spread?
It refers to the difference of the price you pay for changing your coin and the real price in the market in any exchange.
In the very first version of exodus wallet when you wanted to do an exchange, you have seen it at the bottom of the page.
What is Tether coin?
It is an artificial coin which always has a value of “one Tether –one Dollar”. It is another way of changing your coins before they loss their value.
For example if you see it coming that the prices in the market are going to go down and stay there for long time you can exchange it to tether and this way whatever happens you will have your real value of your fiat money.
TO BE CONTINUED………………………
In order not to risk your own money in the beginning, I found it useful to use value-adding coins through user input; like Steem or JSEcoin that allows your browser to do mining or SiaCoin that allows you to lend your extra storage space.
Great, I did not know this. Thank you for your support.
Thank you for your support.