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The cryptocurrency market has exploded in popularity in recent years, which has created a range of opportunities for traders to speculate on market prices. But before you open a position, it is important to know how to trade cryptocurrencies – so, we’ve compiled a list of everything you need to know to get started.
Cryptocurrency trading steps
The cryptocurrency market can be daunting for beginners and seasoned traders alike due to the vast amount of jargon and processes involved. We’ve broken it down into six simple steps to help you better understand the cryptocurrency market and how to trade it:
Decide how you’d like to trade cryptocurrencies
Learn how the cryptocurrency market works
Open an account
Build a trading plan
Choose your cryptocurrency trading platform
Open, monitor and close your first position
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