The popularity of cryptocurrencies (CCs) continues to grow. Individuals and companies invest in digital money to make a profit or diversify their capital. Some coins (for instance, BTC, DOGE, LTC, and others) have decent liquidity and can be sold at any time at the market price. Many novice traders try their hand at the cryptocurrency exchange, and some of them achieve impressive results. Of course, you can’t start with zero knowledge. We recommend that you take the cryptocurrency trading courses, which are available on AvaAcademy in a free format. First, you will learn the fundamental concepts, then gradually begin to move on to more complex forms of trading.
Courses for a crypto trader
If you are a beginner, then your task is to form a strategy that is safe and profitable at the same time. We recommend that you start by minimising the risks. Experience comes with time. After a while, you will be able to independently assess the dynamics of the cryptocurrency market. While you are at the initial stage, you should follow the recommendations of the AvaAcademy experts. Trading skills develop in practice, but everyone needs to get a theoretical understanding of the markets and study cryptocurrencies, and figure out what operations are possible with coins. For instance, you can choose one of the free courses:
«Start Trading Now: Fast and Dirty».- «Trading Platforms Crash-Course».
- «Forex, Cryptos & Commodities».
- «Advanced Trading Techniques».
- «Introduction to Technical Analysis».
Studies at AvaAcademy courses
For training, you can use a device that is convenient for you: a smartphone, tablet, laptop, or PC. Moreover, you will have the opportunity to view training materials from different devices, which is convenient if you have several gadgets. If you are not a beginner, then you will be interested to know that AvaAcademy has courses for advanced users. You choose your own training schedule and can stop at any time (if you feel that you have received enough information). You can study CCs trading superficially, or you can take an in-depth course of 21 lessons. You will listen to lectures by experts who will talk about their own experiences and give practical advice.
It is recommended to try to study different assets and choose on your own what is the best way to make money. The advantage is that at AvaAcademy, everyone chooses a way to gain knowledge. If you prefer visual content, then it’s better for you to watch educational videos. If you perceive the text better, you can read the articles. Fans of the audio format can listen to lectures and podcasts. Before moving on to serious trading, you can try your hand in demo mode. You can try out the various tools on the platform and choose the charts that are convenient for you. You can also learn how to open and close positions.
Technical analysis
If you want to engage in day trading, then you will have to master some analytical tools. First, you need to learn how to understand candle charts. If you recognise patterns, you will be able to quickly respond to changes in quotes and make the right decisions. We remind you that crypto day trading requires a lot of concentration and attention. You are using a timeframe of 15-M, that is, the position is open for no more than fifteen minutes. You can make money on the rise or fall of BTC or other CC; for this, you need to open a long or short position.
Moving averages and other indicators
You can use moving averages (MA) to identify trends and exit points. Recall that the MA tracks the average prices for a specified period. Short-term and long-term MA are distinguished; their intersection is the most common signal of a trend change. We recommend that you study the exponential moving average in AvaAcademy courses. This parameter is useful because it quickly reacts to price changes. There is another indicator, Bollinger bands, that is calculated based on the deviation from the MA. They are displayed on top of the price chart. You also need to get acquainted with the relative strength index (RSI). This parameter shows the rate of price change. How can the RSI be used in practice? For instance, have you noticed a discrepancy between price trends and the RSI? What could this mean? This means that there will definitely be reversals in the future. We recommend combining several indicators at once to get a complete picture of what is happening. It should be remembered that the indicators must match your timeframe. For instance, the RSI is more suitable for short intervals: 5-M and 15-M. However, the main factor when trading CCs is choosing the right coins. Beginners are advised to pay attention to coins with high liquidity and strong market sentiment. The most common CC is BTC. After completing the trading courses, it will be easier for you to start trading cryptocurrencies. You can get an education for free at AvaAcademy.
