intCryptocurrency Trading Fundamentals
Course overview
1. What are cryptocurrencies?2. What is cryptocurrency trading?3. Self-custody versus custodial wallets4. Crypto market cycles5. Analysing altcoin fundamentals6. Advantages of cryptocurrency trading with Axi7. Conclusion7. Conclusion
3 Key Takeaways
Blockchain Technology: Cryptocurrencies are secured by cryptography and rely on a distributed ledger technology called blockchain. This tamper-proof public ledger facilitates secure peer-to-peer transactions without the need for a central authority.
Supply and Demand: The price of any cryptocurrency, including Bitcoin and altcoins, is influenced by supply and demand. Bitcoin has a capped supply that halves roughly every four years, impacting its price dynamics.
Trading with CFDs: It is not mandatory to have the underlying asset in private custody. Traders can gain exposure to the fluctuations in prices of cryptocurrencies, trade in either direction (long or short), and have access to leverage through trading crypto CFDs.
In this course, we've covered the fundamentals of cryptocurrencies and provided an overview of how you can participate in the market. Trading crypto requires ongoing learning, risk management, and staying updated with market trends. Using this knowledge, you can begin navigating the cryptocurrency market, exploring trading strategies, and learning about the benefits of platforms such as Axi.
Congrats!
You just finished the Cryptocurrency Trading Fundamentals course.
