Cryptocurrency trading is all about buying low and selling high. Unlike investing which is about holding the coins for a long time, trading means predicting the price movement by doing research and studying the price pattern. There are two ways through which people trade and invest in cryptocurrency and analyze the price- fundamental analysis and technical analysis.
Trading has become an immensely popular activity nowadays because the internet provides everyone with easy access. One of the best things about trading is that it doesn’t have any prerequisites; no matter what your background, you can become a trader with ease. Exchanges and brokers online provide traders with access to demo accounts that can be used for gaining practice with virtual money, which saves people from losing their actual money. However, one of the most important decisions that any trader has to make is the choice of broker. The trading world is ripe with frauds and scams and trusting new and unknown brokers can turn out to be very costly in the long run.
Labels: Cryptocurrency Trading Software
The financial regulator of Italy, CONSOB (Commissione Nazionale per le Societa e la Borsa) has literally blacklisted some of the unregulated brokers today. The list includes EvolutionBrokers and KapitalSwiss. The regulator has also given orders to the internet providers to block access to their websites.