As any seasoned trader can tell you, profiting from trading is hard, really hard. Fortunately, for those willing to give it a shot, CEX.IO blog offers quite a bit of free information.
From futures to automated trading bots, there certainly is plenty to learn before risking a large investment when trading cryptocurrencies (or any asset for that matter). These few useful trading-related articles should help anyone who wants to attempt at day-trade for profit.
Introduction to successful trading
This is probably the most important read on trading out there. The outlined five rules—if followed carefully—should make the difference in a trader between making or losing money. Before you send any funds to an exchange, be sure to read these important guidelines.
These articles and many more will provide new traders with the required basic skills. Understanding the concepts outlined in these posts should help any new maker or taker develop a strategy that they are comfortable with, allowing them to profit while facing minimal risk of loss.
If you think you fully understand the other articles I’ve pointed out so far and have managed to make profit from trading manually, then you might be looking for a way to take your trading to another level. An automated trading bot, if configured properly using a trusted strategy, can make trading significantly easier by automating trades at a rate that humans just can’t compete with. Of course, if the bot is not configured well, or the trader is using an ineffective strategy, huge losses can occur in very short periods of time.
Due to all this, the use of an automated trading bot is not recommended for anyone who lacks some skills as a profit-making trader. The hyperlinked article gives a quick overview of trading bots on cryptocurrency exchanges.
So if you’ve been skimming through the links as you go, you are probably quite ready to start trading – so head back to the CEX.IO trading page and make your investments wisely. A good thing to remember is to diversify your investments as much as possible, and keep in mind that GH/s might generate Bitcoin as a sort of “interest” rate for your investment, or it can simply be used as a tradeable commodity.