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How a newbie can start learning cryptocurrency trading

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How a newbie can start learning cryptocurrency trading

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So, you've finally decided to begin your cryptocurrency trading career, and you're already dreaming how you'll spend your millions? There's no denying that cryptocurrency is an exciting market for investors, but success isn't always as straightforward.

So, you've finally decided to begin your cryptocurrency trading career, and you're already dreaming how you'll spend your millions? There's no denying that cryptocurrency is an exciting market for investors, but success isn't always as straightforward.

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How a newbie can start learning cryptocurrency trading

  1. 1. Copyright © Blockchain Council www.blockchain-council.org 1
  2. 2. Copyright © Blockchain Council www.blockchain-council.org How A Newbie Can Start Learning Cryptocurrency Trading? So, you've just decided to start trading cryptocurrencies, and you're already preparing how you'll invest your millions? There's no doubt that cryptocurrency is a fascinating market for investors, but getting rich isn't always simple. In all seriousness, cryptocurrency trading can be a risky business. True, some people have amassed substantial wealth. Some individuals, on the other hand, have lost a considerable amount of money. If you want to learn about cryptocurrency trading, you've come to the right location. Everything you need to know about the game will be taught in this beginner's guide. 2
  3. 3. Copyright © Blockchain Council www.blockchain-council.org But first, what is cryptocurrency? Cryptocurrency is a digital currency in which the production of currency units and the verification of transactions for the transfer of funds are governed by a cryptographic code. A cryptocurrency is not backed by the government or central bank of any country. Accounting is carried out in a decentralised manner. Consider it a distributed ledger with no way to alter the order of transactions. In a nutshell, it's the people's money. Money created by the people, by the people, and under their control. 3
  4. 4. Copyright © Blockchain Council www.blockchain-council.org Unlike FIAT currencies, such money has a range of advantages. Many banks and governments are opposed to cryptocurrencies being used for this reason. Governments and central banks, for example, are losing control as a consequence of cryptocurrencies. Rather, cryptocurrency trading is a game of calculated and intuitive decisions. On the internet, there is a wealth of timeless guidance. Here are a few tried-and-true ideas: ● Study cryptocurrencies and blockchain technology. You should always study the crypto assets you want to invest in as a general rule. Keep an eye out for any recent outages or coin-related mishaps. This will give you a clearer picture of the coin if you are new to the crypto world. 4
  5. 5. Copyright © Blockchain Council www.blockchain-council.org Attempt to understand the mechanics of how a blockchain functions on a regular basis. If you do so, you will be able to prevent any beginner's mistakes induced by ignorance. The first steps will be to study blockchain and gain cryptocurrency certification. ● Invest in a high-quality wallet. If you want to learn how to make money, you must first take the necessary precautions to safeguard your profits. If you want to exchange or hold your cryptocurrencies, a good wallet will keep them secure. 5
  6. 6. Copyright © Blockchain Council www.blockchain-council.org ● Keep an eye on the market Now that you've heard about cryptos and blockchain, it's time to observe the sector. Take a look at what's been trending lately in the industry. Make a list of which cryptos are doing well and which are underperforming. While the past success of cryptos does not guarantee future performance, it can help you develop more successful strategies. ● Recognize the tax implications and legal implications Around the world, cryptocurrencies are met with varying degrees of excitement. While cryptos can be used to purchase utilities in Nigeria, getting them in Bolivia could have serious consequences. As a result, you'll have a clear idea of where your home country stands on crypto assets. If cryptos are legal in your country, you should also be aware of the associated taxes. 6
  7. 7. Copyright © Blockchain Council www.blockchain-council.org ● Seek a mentor. You may constantly seek out a cryptocurrency expert or guide who can show you how to trade cryptocurrencies utilising real-world scenarios. Investing a thousand or even lakhs of rupees could appear to be a large sum of money on the surface. You, on the other hand, will reap the benefits for many years to come. As a result, carefully pick your mentor. Courses or live coaching sessions led by seasoned players and self-made industry experts are a good place to start. 7
  8. 8. Copyright © Blockchain Council www.blockchain-council.org Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. ● Certified Blockchain Expert ● Certified Blockchain Developer ● Certified Smart Contract Developer ● Certified Solidity Developer ● Certified Ethereum Developer 8
  9. 9. THANK YOU! Any questions? You can mail us at hello@blockchain-council.org Copyright © Blockchain Council www.blockchain-council.org 9

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