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Your Guide to Algorithmic Trading

Making money is a never-ending game. Trading can be a good way to supplement your income or make enough to strike out on your own. Since day trading opened up to regular people, there have been incredible stories about young entrepreneurs quitting their jobs to become day traders. The software that retail traders use has truly revolutionized the industry. 

Like any type of trading, people have seen huge profits, and they've also seen huge loses. So before you quit your job and head out into this new frontier, it's important to learn about the basics of algorithmic trading, the systems and strategies around algorithmic trading that make a profit, and the different markets you'll come across.

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What Is Algorithmic Trading?

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Let's start with the basics. What is algorithmic trading? How do you start? And how do you do it well? This section of our guide will cover these basics and get you on your way to a trading future.

Definition of Algorithmic Trading

Algorithmic trading goes by many names, including black box trading, automated trading, or algo-trading. Algorithmic trading uses computer programming to place automated trades that generate a profit at a speed that a regular human can't accomplish. The algorithm that places the trade follows a set of rules based on timing, price, quantity, or another standard mathematical model.

There are three main groupings of traders that use algorithmic trading:

  • Mid-to-long-term investors and buy-side firms
  • Short-term traders and buy-side participants
  • Systematic Traders

Mid-to-Long-Term Investors and Buy-Side Firms

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Examples of these types of traders include pension funds, mutual funds, and insurance companies. They use algorithmic trading to purchase large volumes of stock without it affecting the overall stock price.

Short-Term Traders and Buy-Side Participants

Examples of these types of traders include market makers like brokerage houses, speculators and arbitrageurs. They use algorithmic trading for its accurate timing and trade execution and to create sufficient liquidity in the market.

Systematic Traders

Examples of this type of trader include followers, hedge funds, and pair traders. They find programming their trades and letting the program run automatically more efficient.

Benefits of Algorithmic Trading

There are capital gains benefits for the algorithmic trader, but there are also overall benefits that make trading easier and more accurate. Trades are executed at the actual best price instead of what is judged as best. Trade order placement is instant and more accurate than ever before.

A trader avoids significant price changes because of correct timing and the reduced overall risk of manual errors. The algorithm can also simultaneously check on multiple markets and back-test strategies to see if they are viable based on historical data. Algorithmic trading also has benefits for the market because the elimination of human emotion and error makes the market more liquid and systematic.

Strategies for Algorithmic Trading

The main way to start algorithmic trading is by first picking a market you want to trade in and then choosing the trading platform you want to use. Any algorithm that is written for trading will have several key components essential for a good algorithm.

Strategies are one of the main components of an algorithm. They determine what algorithm you will write! Any strategy for algorithmic trading requires an opportunity for either more profit or reduced costs. The strategies below are some of the most commonly used strategies in the industry, but before you implement them, remember you still need to have an opportunity.

Trend-Following Strategies

This is probably the most common algorithmic trading strategy because you are simply following market trends. Moving averages, channel breakouts, and price level movements are technical indicators and common market trends to monitor. Following a trend is also simple on the equation front because you don't need to make predictions or forecast prices. Trades are initiated when the desired trend occurs. Traders often use 50- or 200-day moving averages for this trend.

Arbitrage Opportunities

Arbitrage is when you buy a dual-listed stock in one market and sell that stock for a higher price on another market. Algorithms identify the price differentials in markets and give the trader opportunities for arbitrage.

Index Fund Re-Balancing

There are defined periods where index funds will re-balance for to make sure their holdings are matching their benchmark indices. Algorithmic trading allows a trader to profit off of this re-balancing and can expect between a 20 to an 80 basis point profit.

Mathematical Model Based Strategies

Using a proven mathematical model allows lots of trading options and underlying security. An example of a proven mathematical model trading strategy is the delta neutral trading strategy that takes multiple positions while offsetting positive and negative delta ratios that compare the change in price asset.

Trading Range

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Trading range strategies are also called mean reversion strategies. This strategy is based on the idea that gains and losses of an asset are temporary and will return to the mean value. The algorithm used here trades automatically when the asset price is out of its defined range.

Volume Weighted Average Price Strategy

This strategy breaks up a large order of trades and releases them in smaller chunks based on their historical volume profiles. The goal is to have the order at the Volume Weighted Average Price.

Time Weighted Average Price Strategy

This strategy releases a large order in scheduled time slots. The goal here is to release the order at the stocks average price to minimize market impact.

Percentage of Volume Strategy

This strategy releases partial orders until the order is filled. The percentages are defined by the participation ratio of volume traded on the market.

Implementation Shortfall Strategy

This strategy is used to minimize the execution cost of an order. This is done by trading off the real-time market saving on the cost of the order and benefiting from the delayed execution. The algorithm will increase the targeted participation rate when the stock goes up and decrease it when it goes down.

Considerations for Writing Your Algorithm

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Sniffing Algorithms

A sniffing algorithm attempts to understand what is going on behind the curtain and is a special class of strategy. The algorithms used will identify other algorithms used by the buy side. Through these algorithms, market makers can identify large orders and buy at a higher price. This is also sometimes called high-end front running.


The main coding languages that algorithmic trading uses are Python and Matlab. If you are not fluent in these languages, you can always hire a computer programmer who is or use software for algorithmic trading that makes this part simple. Through the code, you will set everything in the algorithm.


The indicators are the signifiers in the algorithm that tell the program when to trade. There are thousands of indicators available to use, but if you are a beginner algorithmic trader, it is best to stick to a few known indicators to start with. Some good indicator options include Moving Averages, Parabolic SAR, Stochastic, Relative Strength Index, and Relative Vigour Index.


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Inputs are generally assigned to other nodes when you are creating an algorithm. The four main types of inputs that coders use for algorithmic trading are string, integer, Boolean, and number. Using these will get you headed in the right direction for a good algorithm.


Each data type will have its variables. The variables tell the algorithms what to do and when to do it.


The real world market data will be what you use your algorithms on. Historical data is also important because that is what you back-test your algorithm on.


Back-testing is testing your trading strategy based on historical market data. It is the way to ensure your strategy will work in the real market and not just on paper. It helps identify good strategies and strategies that will work on multiple markets. You can also identify biases in your strategy before it makes its market debut. If your back-test doesn't perform well on the historical data, there is a good chance it won't perform well in the real world

Technical Requirements

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.Algorithmic Trading is highly technical and involves coding and computer programming skills. The goal of the whole operation is to take the identified strategy and create a computerized process for that strategy.

Every trader will need the following things to use their algorithms effectively:

  • Computer programming abilities, hired computer programmers, or software that programs for you
  • Access to a network and trading platforms
  • Market data feeds that algorithms can monitor
  • The infrastructure and technical ability to back-test the system
  • Access to historical data


 While highly profitable, there are several skills and necessities to have before you dive into writing an algorithm for trading. After several tries, it will become apparent that while writing the code may get simple and easier, maintaining and executing the system you've built can still be complicated. There are lots of risks and complications to consider.

Everything from other market players to network connectivity can disrupt your system. Do your due diligence and back-test to help mitigate these risks. Happy trading!

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How to Create a Cryptocurrency

Cryptocurrency has been making headlines for the last few years. Increasingly, people are wondering what cryptocurrency is and why they might use cryptocurrency. As new cryptocurrencies continue to launch, some are even wondering how to create a cryptocurrency. While investing in, using, or creating a cryptocurrency is not something to be undertaken without proper consideration, all of those things are within reach if you're interested.

What Is Cryptocurrency?

Most of us have heard enough about cryptocurrency to understand that it has a financial value though our understanding of what that value is and how it might change day to day may be vague. There are enough cryptocurrencies and fluctuations in the value of cryptocurrency that the overall question of what exactly cryptocurrency is may continue to go unanswered.

A cryptocurrency represents the tokens that are issued and traded within a specific cryptonetwork's system. They function as a currency within that specific community much as dollars function as a currency in the United States. Tokens can be used to make trades within the network so that someone could use a cryptocurrency token to pay any vendor that accepted that form of cryptocurrency for goods and services, just as United States dollars could be exchanged for a pizza or a haircut at vendors in the United States.

Cryptocurrency exchanges allow for cryptocurrency to be exchanged for other forms of currency. So you could exchange your cryptocurrency token for United States dollars or another currency of your choice.

What Is a Cryptonetwork?

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Cryptonetworks continually update a secure, decentralized ledger of transactions involving their tokens that is based on blockchain technology. Multiple users in the network are continually updating individual copies of the transaction history, recording each new transaction in a publically viewable record that is virtually impossible to edit once the recording is complete.

To reward those members of the cryptocurrency community who are dedicating resources to recording the transactions using their internal tokens, the cryptonetwork will also issue tokens under specific circumstances. The specifics of the reward system will vary depending on the specific cryptonetwork, but rewards are given for being the first to discover a new "block" to write transaction history onto. This new block of information will be added to the series of all other such blocks. This series, or chain, of blocks, is the origin of the term blockchain technology.

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Why Use Cryptocurrency?

There are numerous reasons that using cryptocurrency is desirable.

Secure Transactions and Transaction History

The nature of blockchain technology allows for the keeping of a permanent, immutable record of transactions. Once recorded, the transaction history is fixed, which allows for every transaction on the record to be traced to the transaction before it. Multiple copies of the transaction ledger prevent data loss in the event of hacking or system failure as is a concern with data held on a centralized network.

Blockchain technology makes it difficult to counterfeit or steal cryptocurrency because each cryptocurrency token is tracked from its issuance and through each transaction. Think of how difficult it would be to introduce a counterfeit bill or spend stolen physical currency if the serial number of each bill was recorded during every transaction. The secure ledger kept by cryptonetworks allows for proof of validity and ownership of cryptocurrency tokens.

Quick, Inexpensive Transaction Processing

Transactions can be processed directly between two users on the network with no third party, like a bank or a credit card company, to facilitate. The lack of third-party facilitation typically means lessened transaction fees and allows for transactions to be accomplished quickly, often within minutes.

Transaction Processing Anywhere, Anytime

Unlike banks and other financial institutions, the blockchain technology that allows for the processing of cryptocurrency transactions doesn't have set hours or close on holidays. No matter where you are in the world or what time it is, you can make transactions with anyone in the network without concern for banking hours or exchange rates.  

How to Create a Cryptocurrency

With both cryptocurrency and blockchain technology in the earlier stages of their development, there is a lot of excitement about both. With new forms of cryptocurrency rapidly being introduced, many people are wondering how to create a cryptocurrency and if it is something they can and should do. The good news for those who are interested in creating their own cryptocurrency is that the process can be completed by most people, though they may need assistance with developing and funding the project.

Choose a Focus for Your Cryptocurrency

Choose How to Implement Your Cryptocurrency

Recruit Miners

Investment and Initial Coin Offering


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Prepare for Investment and Launch Stages

Cryptonetworks and cryptocurrency are at exciting stages in their development. With all the media attention and new cryptocurrencies on the rise, many people are wondering about what cryptocurrencies are, why people might want to use them, and even how to create a cryptocurrency.

Creating a cryptocurrency is an involved process that should not be undertaken without serious consideration. If, after considering the work involved, it is something you are interested in, learning how to create a cryptocurrency is something that anyone can do. Most likely, the launch of a cryptocurrency will be a team project, and you will need to consult with experts. However, with dedication, research, and planning, creating a cryptocurrency is possible.

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How To Trade Cryptocurrency: 10 Things Beginners Need To Know

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The past few years have seen explosive growth in the popularity of cryptocurrency. Bitcoin, Ethereum, and thousands of other digital currencies are all fighting for headlines as we continue to explore the many potential uses of the blockchain technology on which they are based. Blockchain's versatility has us excited for the future, but it's cryptocurrency's appeal as an investment opportunity that has us excited today. It seems that everywhere you turn there are stories of Bitcoin millionaires, and it has many of us wondering exactly how to trade cryptocurrency.

"I think that the future of currency is digital, and Bitcoin has a good shot at being the currency of the future." -Adam Draper

There has been a wide fluctuation in the prices of digital currencies in recent years, and where there's price fluctuation, there's money to be made. But it's not as simple as that, unfortunately, and many have lost money due to poor understanding of this volatile market. Potential investors should acknowledge that this is not the same as trading stocks or other assets, and there is quite a bit to learn for even seasoned economists. Here is a brief outline highlighting what you need to know before diving in.

What Is Cryptocurrency?

The answer to this question can become incredibly complicated very quickly, so we'll try to keep it simple. Basically, cryptocurrency is “digital money” that exists within a particular software platform. Like regular paper currency, it can be broken up into small units and transferred between two parties to pay for goods and services. Cryptocurrency uses encryption to secure these payments and prevent counterfeiting, with the added benefit of potentially allowing for anonymous transactions. All of this happens outside of the traditional central bank system.

Also, just like regular paper currency, digital currency has a limited supply. This means that as usage and demand rise and fall, the price of digital currency will rise and fall accordingly. As with foreign currencies, the price of cryptocurrency is often expressed using major world currencies like the Euro or U.S. dollar as a base (i.e. you might hear something like “Bitcoin is at $10,000” when the value of one Bitcoin is equivalent to $10,000 USD).

Bitcoin was the first cryptocurrency to gain international fame as a legitimate form of digital money, and thousands of other digital currencies have since emerged to stake their claim. Among these thousands, there's an incredible variety in terms of how they're intended to be used, and this variety makes it a fascinating space for investors. There are, for example, cryptocurrencies that are designed to be used in a specific geographic region or industry or to solve unique market inefficiencies. In this sense, traders can invest in the sectors and solutions they deem most relevant.

The Basics On How To Trade Cryptocurrency

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In some ways, trading cryptocurrencies is similar to trading stocks. Investors purchase and sell these digital currencies from various exchanges that are authorized to match buyers and sellers, like a much smaller version of the NASDAQ or New York Stock Exchange. Registered users can buy and sell various cryptocurrencies for one another in search of profits and charge a small fee for each transaction.

As with stocks, traders can think of these as either short or long-term investments. Once they learn how to trade cryptocurrency, day traders may take advantage of news announcements or chart configurations, while long-term holders can wait for desired market conditions before selling for profit.

To get started, first research the various online cryptocurrency exchanges to determine which suits your needs. This is perhaps the most important step while you're researching how to trade cryptocurrency. Some exchanges are limited to users in certain countries or have highly restrictive registration processes. Not all cryptocurrencies are available to trade on all exchanges, so make sure you choose an exchange that offers trading in those currencies that interest you.

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It's also important to note that only certain exchanges allow you to purchase cryptocurrency with standard fiat currency such as Euros or US dollars.

Many will require that you make an initial deposit in a base cryptocurrency such as Bitcoin or Ethereum to open your account and begin trading.

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While you're researching exchanges, be sure to read customer reviews from other users. This is still a new industry, and some exchanges have proven better than others when it comes to important issues like order compliance and customer service. Note that it can take up to several months for some exchanges to process your registration and actually open your account for trading.

Once you've registered with an exchange and have funds available to trade, it's time to log in and buy some digital currency. Each exchange is set up a little differently, but they all share similar features. There are charts and real-time prices for each cryptocurrency on offer, allowing you to do basic analysis and make trades when the price is right.

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After buying your digital currency, you can either leave it in your account on the exchange or move it to a separate “wallet”. There are many varieties of these, both on- and offline. You can think of this as an extra layer of security against hacking or online theft.

If you later wish to sell your cryptocurrency, log back in to the exchange where your currency is held, and follow its basic instructions for selling (it's usually nothing more than a few mouse clicks). You may sell it in exchange for other cryptocurrencies, and some exchanges allow you to sell it for fiat currency. If you moved your digital currency to a separate wallet, simply add the extra step of transferring it from your wallet back into your account on the exchange where you want to sell it. Sounds complicated, but it's actually quite simple once you've done it.

10 Things Beginners Need To Know

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1. It's Not a Walk in the Park

If you've never traded before, understand that it can be both exhilarating and stressful. There's nothing quite like it, and that could mean dealing with mental states you've never experienced before. It may sound elementary, but you should have a plan in place for effective stress management. Find out what works best for you and stick to it.

2. It's Risky

As you're learning how to trade cryptocurrency, keep in mind it's still a very young industry that's subject to volatility. Many have lost millions in digital currencies due to poor research and reckless decision-making. Do thorough research and, as with any investment, only invest what you can afford to lose.
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3. Use Learning Resources

Before you invest, spend some time watching the price fluctuations of the specific currencies that interest you. Get to know how volatile they are, and note how they respond to different sorts of news and rumors. Websites like are good resources for tracking prices in real time and even provide charts and other analysis tools.

4. Start with Other Currencies

Generally speaking, it's a good idea for beginners to focus on more established currencies such as Bitcoin, Ethereum, and Ripple. These will be less volatile than some of the newer currencies, which are far more sensitive to the slightest shift in market conditions. Be especially careful with these so-called altcoins as their prices can collapse with one false rumor. This is the last thing you want to worry about when you're first learning how to trade cryptocurrency.
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5. Develop a Formula

Develop a basic formula for analyzing different cryptocurrencies. As time goes on, you'll want to consider investing in other currencies. It makes sense to compile a checklist of factors to analyze with each one, just to ensure you're being financially rigorous.

6. Stay Up to Date

Find a good source of cryptocurrency news and follow it religiously. This is your money we're talking about, and you'll want to protect it by staying informed. Websites like offer in-depth coverage of all things crypto, from industry news to government regulation and profiles of new digital currency offerings.
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7. Utilize Apps

Get on your smartphone and download a cryptocurrency price-tracking app such as Blockfolio. There are many such apps to choose from, and some trading exchanges offer this feature as well. Find your favorite one so you can always stay on top of your portfolio.

8. Learn about Orders

Familiarize yourself with market, limit, and stop orders. This should be one of your first steps in learning how to trade cryptocurrency as they prevent mistakes and impulsive last-minute decision making.

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9. Keep It Safe

Consider using a separate wallet to store your currency. Exchanges are getting better and more secure when it comes to holding currency in your account, but they are still subject to hacking and online theft. The Nano Ledger S is a popular hardware wallet option for storing cryptocurrency, much like a digital piggy bank that resembles a small USB drive.

10. Have an Exit Strategy

Have an exit strategy and stick to it. This means identifying the price at which you'll sell your investment and not changing your mind once it hits that price. This goes for both profit and loss, by the way. Don't get greedy if you've already made your profit and don't hold on to a losing investment out of desperation or hope.


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Learning how to trade cryptocurrency is a smart idea for any modern investor. Digital currencies are here to stay, and they will only grow in popularity as we find new ways to safely use them. Technology is improving minute by minute, and structural advancements will allow cryptocurrencies to be used in ways we can't currently conceive. This means there's a huge opportunity for investors who do their homework and invest wisely.

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What You Need to Know about Cryptocurrency Trading

Posted on 02 October 2019

The rise of cryptocurrencies was slow and then the market exploded, sending the price of Bitcoin soaring before they ultimately crashed again. The growth in popularity and trading platforms has led to wider acceptance of cryptocurrency and a growing number of people becoming involved with cryptocurrency trading.

When people become interested in cryptocurrency trading, it is easy to get overwhelmed with the process and feel unsure of where to start. Fortunately, there are many resources available for you to learn to navigate the process. To get started with cryptocurrency trading, you will need to choose a cryptocurrency wallet and an exchange for trading.

What You Should Know before Getting Started

Before you get started with cryptocurrency trading, it is useful to know a bit about crypto and how the process works. Bitcoin is the original, and best known, cryptocurrency. Since 2011, countless new cryptocurrency have appeared, each seeking to challenge Bitcoin’s dominance. These cryptocurrencies are called “altcoins” and have been gaining market share at a staggering rate.

The standard currencies in the world, such as the US dollar, are referred to as fiat currencies. When you start trading, you will need to use fiat currency to purchase your cryptocurrency. You can then begin trading among different types of coins, such as from Bitcoin to other types of altcoins.

Cryptocurrency has more in common with stocks than with fiat currencies. When you purchase cryptocurrency, you are actually buying shares of tech stock, a part of the blockchain, and a piece of the network. There are two basic ways to accumulate cryptocurrency, through mining or by buying and selling cryptocurrency on an exchange.

If you have decided to buy crypto, rather than mining, you have some options. There are a few ways to invest in cryptocurrency, including through the GBTC trust sold on the stock market, by choosing an exchange to buy coins on and a wallet for storing coins, or an exchange-broker-wallet hybrid, such as Coinbase/GDAX.

Cryptocurrency Exchanges

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The exchanges are the most common places where cryptocurrency is bought and sold, similar to a stock exchange or a currency exchange in foreign airports. Fiat currency is used to buy and sell cryptocurrency. As with trading on the stock market, you will need a bank account and access to the exchange for cryptocurrency trading.

Although the process is similar, the cryptocurrency exchange is not part of the regular stock exchange. However, GBTC is a trust that owns Bitcoin and sells shares on the stock market. Some people prefer to start investing here since they can buy shares without engaging directly in cryptocurrency trading. It should be noted that bitcoins are cheaper than buying shares of the GBTC trust.

When choosing an exchange, there are several factors to consider to make sure you are choosing a reliable exchange. Information that can signal the quality of an exchange includes liquidity, fees, spread, trading volume, purchase and withdrawal limits, security, insurance, and the user interface.

Cryptocurrency Wallets

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Your cryptocurrency wallet is where you store the encrypted passwords that represent your coins. Coinbase and other exchanges have built-in online wallets that may be used to store your cryptocurrency. However, there have been several high profile hacks that have made people wary of keeping their cryptocurrency holdings on the exchange.

The other options for cryptocurrency wallets include paper wallet services, such as or a hardware wallet. Both paper wallets and hardware wallets remove the risk of keeping your crypto on the platform. You can send funds to your paper or hardware wallet from Coinbase, but there is a small transfer fee for this service

Market Volatility

Before you start cryptocurrency trading, it is important to understand the extreme volatility of this market. Fortunes are made and lost in a moment with bitcoin and other altcoins. It is important to consider mitigating your risks and choose the coins you want to trade. There is less risk of losing everything with bitcoin or the bigger altcoins, such as Ethereum than with some of the others.

How To Get Started in Cryptocurrency Trading

When you are ready to get started with cryptocurrency, you need to decide how you want to start. Do you want to try mining or go straight to investing in cryptocurrency by trading on the exchanges? The time and technology required for mining are thrilling for some people, but many prefer cryptocurrency trading on the exchanges.

It is essential to choose a company with a good reputation. If you are a beginner, you may want one that offers an exchange and a wallet, such as Coinbase. The convenience and ease of use have made Coinbase the most popular cryptocurrency website in the United States. They offer a single platform for a wallet and currency exchange, which is great for beginners. You can put money into your wallet and buy coins instantly without the wait time that is associated with buying directly from your bank account.

After you become comfortable with buying and selling cryptocurrency on Coinbase, you may be ready for some cryptocurrency trading among different currencies. You can try their GDAX exchange and then move on to other exchanges, such as Binance, Bittrex, or Kraken as you become more comfortable and confident.

Consider the coins you want to trade. Prominent coins are less risky, such as Bitcoin and Ethereum. However, large profits have been made on a good day with the lesser-known and newer coins.

Setting Up an Account

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You will need to set up an account with Coinbase or another exchange site before you start cryptocurrency trading. Your bank account, debit card, or credit card will need to be connected to your account so you can exchange digital currency in and out of your fiat currency. Yes, this requires providing personal information, such as your ID and bank account information.

The need to provide personal information can make some people uncomfortable, but it is necessary and other traders all had to go through the same process. This is another reason to select a reputable company. Using your bank account is often the best bet since fees are lower than when you use a credit card or debit card for transactions.

Once you have linked your bank account, you will have to wait for about three to five business days for your bank’s approval before you can start cryptocurrency trading. For this reason, you should verify your account and supply the required information and documents as soon as possible, as you won’t be able to start trading until the verification is complete.

Strategies and Tips for Trading Cryptocurrencies

For the beginner, purchasing a major cryptocurrency first, such as Bitcoin, is the safest bet and easiest to navigate. Once you get comfortable buying and selling one type of cryptocurrency, you can try trading Bitcoin or Ethereum for other cryptocurrencies.

There are limits to how much you can buy or sell in a week. These limits can increase in a few ways, such as by adding a photo ID and other payment methods to your account. In addition, the limits increase quickly as you engage in cryptocurrency trading. You will find that your limits increase fairly quickly once you start trading.

There are fees involved with cryptocurrency trading. These can vary, depending on the exchange you are using. Always be sure to read and understand the information about the fees that will be charged before you start trading, so there are no surprises.

You should also be aware of the tax implications of cryptocurrency trading. The tax implications can vary depending on whether you are buying, selling, or investing. Making a mistake in this area can be very expensive.

Keep your cryptocurrency safe. There have been several big hacks in various exchanges and once cryptocurrency is lost, you can’t get it back. For this reason, be sure to take the necessary steps to protect your account. One way to do this is to set up two-factor authentication. This secures your account by sending a code to your phone when you log in, which adds another layer of protection.

Bitcoin is expensive, but remember that you don’t have to buy a whole coin to get started. You can buy fractions of coins if you don’t have a lot of money to invest initially. As you continue cryptocurrency trading, these small fractions of coins can quickly add up.

Spread your investments among cryptocurrency. Some people purchase only Ethereum or Litecoin because they feel like Bitcoin is too expensive. However, you should also consider which cryptocurrencies are more likely to increase in value or retain their value over time. Pick a couple and buy them in equal dollar amounts, so you can enjoy the returns offered by each type of coin.


Cryptocurrency trading has increased in popularity, as crypto has become more widely accepted. The market is highly volatile, so it is important to start off slowly until you learn to navigate the process. By taking the time to learn what you need to know before you start and following some tips and strategies, you can learn to invest wisely and have a great time in the process.

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How to Use Binance

Posted on 02 October 2019

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Binance is one of the most powerful cryptocurrency exchanges in the world. Since its founding in 2017, it has remained influential and popular for a wide variety of reasons, including low fees and very high speeds for exchanges.


Whether you want to learn how to use Binance simply to manage the trading of other supported cryptocurrencies or you want to use Binance's own digital currency, binance (BNB), understanding the basics of this platform will be essential to your success.

We will go into detail about why those things matter and how to use Binance for your specific cryptocurrency investing and trading needs in this tutorial.

An Introduction to Binance

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As we mentioned above, the term Binance may be used to refer to a cryptocurrency, Binance Coin or BNB, or the platform on which more than 140 digital currencies are currently traded. The key is to look at the capitalization. Technically, “binance” usually refers to the currency and “Binance” refers to the platform.


However, many investors use the two interchangeably. In most cases, they will be referring to the Binance exchange when using the word alone. If they mean the digital currency, they are more likely to employ the Binance Coin abbreviation, BNB.

Readers should note that while these conventional methods for distinguishing between BNB and the exchange itself are practical, Binance itself capitalizes both Binance and Binance Coin, which is why we do so here as well.

Cryptocurrencies Supported By Binance

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Binance supports 143 different tokens and coins. However, not all cryptocurrencies may be traded for one another. For example, Ethereum has 140 different trading pairs on Binance because three of the currencies may not be exchanged for Ethereum on that platform.

Popular Digital Currencies Binance Supports

A Meteoric Rise to Success

Trading Pair Options on Binance

How to Use Binance

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Once you know how to use Binance, it is time to set up your account and take action. Setting up a Binance account is relatively straightforward. You simply create your account by providing an email address and password, then verifying your information and agreeing to Binance's terms of use. You cannot learn how to use Binance if you do not agree to the terms of use, so make sure you are okay with this “fine print.”


Binance will verify your email and then send you instructions on setting up a security process called 2FA, or two-factor authentication. This essentially creates a second password that the platform sends to your mobile phone or other mobile device when you log in.

It provides an extra layer of security, which is very important with cryptocurrency trading since there is little or no recourse if your cryptocurrency wallet is hacked and your digital coins stolen.

Funding Your Account

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Trading In Binance

Traders can combine these strategies or only focus on a single method. It will soon become clear to you why it is so important for the Binance platform to operate so quickly. When you are trading cryptocurrency, value can easily rise or fall across a benchmark in a matter of seconds. If those seconds pass while you are delayed trying to trade, you could end up losing money instead of making it!

Binance Offers Traders Huge Advantages

One thing you will discover as you learn how to use Binance is that the platform offers low trading fees and reduced transactional fees. Cryptocurrency platforms make their money through fees. They may charge for using the platform to make a trade or charge a part of the total volume of your trade in fees for making it.


On Binance, cryptocurrency trading fees are about a quarter of what they are elsewhere, and users can reduce those fees by half by paying their account fees in BNB.

By the time you have paid your fees in BNB, you could pay five times less than what other popular exchanges charge, so learning how to use Binance may already have paid off.

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Swing Trading Strategy Guide for Beginners

Posted on 18 September 2019

Swing trading chart checking

Many of us want to own our own business or be our own boss one day. You may have even dreamed of being as successful as Warren Buffett. Swing trading is a trading strategy that has been used for years successfully, and if you learn the tricks of the trade, you, too, can have a piece of the pie. Now before you pay a so-called financial guru $2,000 a year for a list of which stocks to swing trade, learn the basics.

Keep reading to learn what swing trading is, the pros and cons of this method, tips for success and more. By the end of this article, you will have a good idea of whether swing trades are right for you and what you should look for when you start.

What Is Swing Trading?

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Swing trading is sometimes used as a method of day trading, but financial instruments may be held for five days or more to capitalize on larger price shifts than you could get with day trading. However, stocks are not held for more than three to four weeks. The idea is to minimize the risk of a market shift by getting in and out quickly.

Tips for Success

There are many strategies and types of analysis you can use when swing trading or engaging in any other trading or investments methods. Here are the five most important tips you need to succeed.

Follow the News

Find the Right Broker and Exchange

Keep a Journal

Never Stop Learning

Have a Year's Salary in the Bank

Benefits of Swing Trading

There are many benefits to swing trading. These include application, resources, tools and mindset. This trading method is ideal for many instruments and markets, especially altcoins. Maybe you think ethereum, litecoin or bitcoin are going to continue rising steadily for the next few days,, or maybe you are interested in taking advantage of the hype of an up-and-coming altcoin but don't want to risk holding it over the long-term. This works for currencies and other financial instruments very well, too.

  There are many benefits to swing trading. These include application,            resources, tools and mindset.

There is a wealth of information online to help you earn your piece of the pie. These include websites, tutorial classes, PDFs, apps, e-books and video training courses. You can find information specific to forex strategies or for trading in general. Learn how to spot patterns and which patterns to look for, and join a chat group for live help and advice.

From MetaTrader to Robinhood, there are many platforms you can use to swing trade using techniques, such as the candlestick method. You may also use EAs (expert advisor software) or automated bots to help you make more trades than you could manually. This is particularly useful when you are at work during market hours.

Characteristics of a Swing Trader

Risks of Swing Trading

Psychology of Swing Trading

Having a mental plan in place is the only way to become successful in swing trading. Here are three tips to get you in the right state of mind so you can achieve success.

Make and Stick to a Plan

Mitigate Risk to Fight Fear

This Is a Marathon


Swing trading is how many people make a living, but it is not without its risks. The best way to learn if it is for you is to start researching strategies, pick the best broker and exchange, create a plan, stick to it and note how each trade makes you feel. Never take losses personally. Never obsess over a trade. Learn your risk appetite, learn from your mistakes and never deviate from your plan. It is okay to change strategies, but as soon as you let your emotions drive your trading, you have lost. There is a very large pie for you to take a piece of. All you need is a steely resolve, an appetite for risk and a little start-up capital. Happy trading.

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How to Read Candlestick Charts

Posted on 18 September 2019


PC monitor showing Candlestick Chart

When you're trading stocks, it's difficult to know what steps to take or where to trade. Particularly for beginners, the whole process can be overwhelming. Tools like candlestick charts, bar charts and point-and-figure charts all help traders in this process. But what if you don't know how to read candlestick charts? We have laid out all of the information you need to feel confident in your chart reading, and subsequently, the trades you make.

What Are Candlestick Charts?

Candlestick charts are tools that are used to help show patterns and trends within markets, highlighting the highs and lows. This can help traders decide the times and the amounts they would like to trade. The charts originated in Japan; it was discovered that there were correlations between the price of rice and the supply and demand of the crop. This was more than one hundred years before the West created the bar and point-and-figure charts.

There are major benefits to candlestick charts. A line chart gives you one data point (usually the close price) for a stock, whereas candlesticks give you five. These include the open price, close price, low price, high price and direction of movement for the stock. This is far more useful when you consider that your trading decisions will be based on price action.

Supply and Demand

Candlestick Charts vs. Bar Charts

How to Read Candlestick Charts

There are a few more things you need to know about how to read candlestick charts before you can understand and appreciate the patterns they form.

Candlestick Parts: The Body

Candlestick Parts: Wicks/Shadows

Using Candlesticks in Trading

Indicating Patterns

A laptop monitor showing a chart

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Now that you understand the basics of how to read candlestick charts, it is time to take a look at some pre-defined patterns you can look out for when trading. Traders can often analyze the movement of candlesticks over time even though it might appear random in some areas. Your patterns will be categorized into bullish and bearish.

Bullish indicate that the price is likely to rise where bearing patterns indicate that the price is likely to fall. However, these patterns do not work all the time, and the patterns we are about to show you are merely tendencies in price movements and are not to be interpreted as guarantees.

How to Read Candlestick Charts: Bearish/Bullish Engulfing Patterns

How to Read Candlestick Charts: Bearish Evening Star

How to Read Candlestick Charts: Bearish and Bullish Harami

How to Read Candlestick Charts: Bearish/Bullish Harami Cross

How to Read Candlestick Charts: Bearish Falling Three


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If you want to know how to read candlestick charts, it's necessary to understand all of its parts. This way, you can make smarter, more informed decisions about your stock trading and which markets you want to enter. This will help you to analyze the emerging trends and help you to best capitalize on your investments.

Candlestick charts are not the only information you will need to make smart investments for yourself, but they are a great place to start. There are major benefits to candlestick charts. A line chart gives you one data point (usually the close price) for a stock, whereas candlesticks give you five. These include the open price, close price, low price, high price and direction of movement for the stock. Again, this is far more useful when you consider that your trading decisions will be based on price action.

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How to Invest in Blockchain

Posted on 13 September 2019

Insert ImageInsert ImageBlock Chain Bitcoin

With cryptocurrency and blockchain frequently in the news, many people are curious about what exactly cryptocurrency and blockchain are, how they are related, whether to invest in blockchain and how to invest in blockchain. Blockchain is the technology that underlies cryptocurrency, but it is a technology that has incredible potential beyond cryptocurrency. Those interested in how to invest in blockchain technology, particularly those who are interested in focusing their investments on the technology rather than on cryptocurrency, have many options.

What Is Blockchain?

Blockchain technology is based on a decentralized, continually updating record of information. When used as part of the cryptocurrency platform, it serves as an uneditable transaction record, but it can be used for much more than recording transactions. It allows any kind of information to be stored in a shared, continually updating database.Hosted by potentially millions of computers at once, blockchain is a transparent and nearly incorruptible way to store data. With data stored on so many machines and with multiple copies of the same blocks of information being stored, there is no possible single point of failure for the blockchain technology. Because of the difficulty in altering information and the resiliency of the information storage, blockchain technology provides incredible value to anyone who needs to form a permanent record that is easily updated but very difficult to change once updates are made.The security and versatility of blockchain technology leave it poised to revolutionize many industries. The technology is, at present, in the earliest stages of its adoption. Already, companies are beginning to take advantage of it not only to facilitate financial transactions but to fundamentally change their business processes.

​Advantages of Investing in Blockchain

Blockchain has numerous advantages for potential investors, including transparency, minimal transaction costs, quick transaction processing, a decentralized structure, and a community-focused, democratic decision-making process.


Blockchain technology is most commonly open source, rendering anything already recorded very difficult to change. The public nature of blockchain technology means that there are many eyes on the source code, so it is unlikely that anyone could alter the code unnoticed. It also allows multiple people to collaborate on updating the code as needed for functionality.

Minimal Transaction Costs

Blockchain technology allows for transactions to occur directly between two parties, eliminating the need for a third party to facilitate the transaction. Because there is no third-party involvement, there are no associated third-party costs as there would be with a bank or credit card company as an intermediary.

Quick Transaction Processing

Blockchain technology is active twenty-four hours a day, seven days a week. Because it is constantly available to process transactions, rather than relying on transactions that process within banking hours, blockchain-processed transactions often process more quickly than bank-processed transactions.


The information that is stored with blockchain is stored in small pieces on many computers rather than collected into a centralized hub, and multiple copies of data blocks are stored. This lack of a centralized hub makes blockchain less vulnerable to hacking or data loss as only small portions of the blockchain could be impacted at once.


Blockchain technology is typically controlled by developers and users. Having a voice in the process of decision-making is an attractive perk to both developers and investors.

​Learning How to Invest in Blockchain

Bitcoin  Virtual Money

Image by 3D Animation Production Company from Pixabay

Blockchain technology offers many potential pathways to investment. The number of options available can lead potential investors to wonder how to invest in blockchain without investing directly in cryptocurrency.Besides supporting cryptocurrency, blockchain technology offers innovative solutions for many industries. Investors can invest in companies using blockchain technology or in funds that invest in multiple companies that do so. Investment in blockchain-related technology can also involve investment in companies that produce components that are used by those who are mining blockchain.

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Companies Making Innovative Use of Blockchain Technology

If you’re curious about how to invest in blockchain technology, particularly if you’re interested in investing in companies pursuing promising avenues of integrating blockchain technologies into business solutions, spending time familiarizing yourself with what companies are most involved with blockchain technologies and how they are integrating those technologies should be one of your first steps.

Eastman Kodak

Eastman Kodak, a company that rose to prominence by making camera film, is moving into working with blockchain technology. The company initially made its fortune by producing camera film, and as camera film sales declined, transitioned into working with video film and printing. Now the company is turning its attention toward the possibilities of blockchain to facilitate a new kind of photography marketplace.Eastman Kodak has introduced the KODAKOne platform and its own cryptocurrency, the KODAKCoin. More than offering a new cryptocurrency and marketplace, the KODAKOne platform will track an image from the time it is uploaded, creating a permanent history of the image that includes image metadata, information on image usage, and a history of transactions involving the image. Photographers will be able to receive payment for images quickly, no matter where in the world photographs might be sold.AI technology will be used to search millions of websites to gather data on where the image is being used and whether it is licensed. This information will help photographers to understand where their images are being used, for what purposes their images are being used, and whether their images are being used without proper licensing. This knowledge will not only assist photographers in managing current images but also build and more appropriately market their portfolio. is perhaps most immediately familiar to most as an online retailer offering a multitude of inexpensive products, including furniture, bedding, home decor, electronics, apparel, jewelry, and more.Most relevant to those interested in how to invest in blockchain technology, is also the parent company of tZERO, a company dedicated to developing and commercializing financial technology based on blockchain. According to their website, tZERO hopes to, “to democratize, expand, and strengthen capital markets through the use of technology, with a focus on Blockchain technology.”Unlike many forms of cryptocurrency, tZERO is being developed with the intention to provide the flexibility of cryptocurrency without sacrificing the rights, security, and protections offered by traditional securities.

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Companies with an Investment Portfolio That Is Blockchain-Based Technology Focused

Block Chain Bitcoin logo

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Rather than making an investment in a single company that incorporates blockchain technology, those interested in finding out how to invest in blockchain technology could invest in a fund whose investment portfolio focuses on companies making use of blockchain technology.Three such funds are Innovation Shares NextGen Protocol fund, the Reality Shares Nasdaq NexGen Economy ETF, and the Amplify Transformational Data Sharing ETF. Note that these funds have different investment strategies, with Innovation Shares NextGen Protocol fund using a quant model, Reality Shares Nasdaq NexGen Economy ETF being passively managed and Amplify Transformational Data Sharing ETF taking an actively managed approach to investment.

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Companies Producing Products That Facilitate Blockchain Mining

Shadows of Business People in front of a block chain Bitcoin Logo

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Another route potential investors can take when seeking additional methods for how to invest in blockchain technology is making investments in companies that produce some technology used in blockchain mining. As blockchain technology is increasingly adopted, there is an increased likelihood that there will be more opportunities to gain resources through cryptocurrency and blockchain mining. Investing in companies that will see increased profits when this occurs is another way to invest in blockchain technology.



Block Chain Bitcoin

Image by MichaelWuensch from Pixabay

Blockchain technology is a remarkable new technology with the potential to revolutionize multiple industries. Though many people are most familiar with blockchain because of cryptocurrency and associated blockchain mining, blockchain technology has many other possible applications. As it is increasingly adopted, blockchain technology will become increasingly profitable, leading many people wanting to know how to invest in blockchain technology.For those interested in investing in blockchain technology, there are many ways to do so. Those interested in how to invest in blockchain technology should decide what avenue they would like their investment strategy to take. Investing in companies that are implementing unique solutions which incorporate blockchain technologies is one method. Another way to invest is by investing in companies that make products that are used in the blockchain mining process.No matter what strategy you decide to use as a way to invest in blockchain technology, be sure to evaluate your options and investment carefully. The best choices for how to invest in blockchain technology for you may be different than what the best choice is for others, depending on what kinds of investments you are most interested in making. While some opportunities offer an outlook for slower growth, others offer more potential risk and more potential reward.

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How To Buy Ripple Cryptocurrency

Posted on 01 April 2019

a ripple coin over a wallet and US dollars

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Are you interested in investing or simply trading in XRP, but don't know how to buy Ripple cryptocurrency? Buying most cryptocurrencies, including Ripple, is actually fairly easy in theory, though there are a few things that you need to learn if you're new to the crypto game.

Trading in Ripple—or any cryptocurrency—requires a few extra steps and a basic understanding of how the payment system works. Before you dive in, it's a good idea to do some research about Ripple, that way you can make an informed decision and you're also less likely to get scammed. Only use exchanges that have a reputation for being legitimate markets, such as the ones listed below.

What Is Ripple Cryptocurrency?

Ripple, more than a cryptocurrency, is at its core a payment system. The currency for this payment system is XRP, and all of the transactions are recorded on a public ledger called the XRP Ledger. This severs a similar function to the blockchain in other cryptocurrencies, such as Bitcoin. It records all of the transactions performed in XRP and adds a layer of transparency.

Ripple has its origins way back in the early 2000's, when it started as Ripplepay, a payment technology that was envisioned to be a decentralized payment system that would allow the masses to take control of their currency. In 2012, the modern version of Ripple emerged as OpenCoin, and then it was re-branded several years later to Ripple.

Nowadays, it bears some similarity to other cryptocurrencies, but there are key differences that set it apart and make it a completely different technology. This affects how to buy Ripple cryptocurrency to some degree, though the process isn't too far removed from that of acquiring other altcoins.

How Does Ripple Cryptocurrency Differ From Other Investments?

cryptocurrency coins

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There are several things that make Ripple different from other investments, and even other cryptocurrencies. Ripple:

  • Is not mined
  • Does not technically use a blockchain
  • Works well with existing commercial banking infrastructure
  • Offers more privacy
  • Has faster transaction times than other cryptocurrencies

Ripple has quite a few advantages over its altcoin brethren. It was designed to be a cross-currency transaction system, which makes it work well as a medium for exchanging one coin for another. It offers much faster transactions than Bitcoin as well—usually only taking seconds to resolve—which makes it a much better tool for retail. This also creates less risk for short-term investors, for whom even just a few seconds of delay can make transactions unprofitable as the market fluctuates.

Because there is no mining involved, Ripple doesn't suffer from the electricity consumption problems that many cryptocurrencies have, and there's no arms race for better and better mining hardware. You could say that this makes XRP eco-friendly compared to Bitcoin.

In the long run, Ripple could end up being a more desirable and sustainable currency than Bitcoin for many people. With one of the largest market caps in the cryptocurrency sector, Ripple is well on its way to becoming a staple in any coin portfolio, and will likely only become more relevant over time. This is why it's worth investing your time in getting to know this coin and learning how to buy Ripple cryptocurrency from its designated exchanges.

Cryptocurrency Vs Other Investments

Besides these specific differences between Ripple and other cryptocurrencies, there are also huge differences between investing in cryptocurrencies in general and investing in more traditional avenues, such as stocks.

Cryptocurrency investment has some things in common with investing in the foreign exchange market, but the prices are usually more volatile. While this means that you could get lucky and make significant amounts of money in just a few weeks or even days, it also means that you could stand to lose a lot as well. You must also consider the fact that cryptocurrencies are not backed by governments, so they are subject to the whims of the market very directly.

Unlike stocks or foreign exchange, the world of cryptocurrency is something of a Wild West, and is only just starting to face regulation. As with any investment, consider the risk. Cryptocurrencies are a relatively new technology, and the strength of a given coin over the long run will ultimately be tied to popular adoption. Choose a coin that will see wide use for its intended purpose, instead of one that is simply a tool for speculation.

How To Buy Ripple Cryptocurrency

If you're wondering how to buy Ripple cryptocurrency (XRP), then you'll be happy to know that it's similar to buying other crypto coins. One major difference is that Ripple isn't as commonly available yet, and you may not be able to buy it on your favorite exchange. You will also typically buy Ripple by connecting to a “gateway,” which is a company that uses Ripple and will allow you to exchange fiat or cryptocurrency for XRP.

Getting A Ripple Wallet

Before all of that, you'll need to consider keeping a Ripple wallet. You could just store your coins at the exchange, but of course that's potentially risky. With a wallet of your own, you can store your coins offline and it makes your coins safer from hackers.

One of the important differences between a Ripple wallet and most other cryptocurrency wallets is that you actually have to pay 20 XRP to reserve your spot. Addresses are not free, which cuts down on spamming and inefficiency, but it does make a user think twice before creating one. Think carefully about the wallet software you choose and choose it only once, that way you don't have to keep paying the fee over and over.

Like most cryptocurrencies, you can choose between software wallets, hardware wallets, online wallets, paper wallets, and more. Just keep your private key secure.

How To Buy Ripple Cryptocurrency On Exchanges

bitcoin, ethereum, ripple coins

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At the moment, Ripple is not available on Coinbase. This is largely because Coinbase has raised its standards, and Ripple is currently being scrutinized by the US government. Until a decision is reached on a major court case concerning Ripple's legal status as a traded security, we'll have to settle for buying it on other coin exchanges.


If you're not sure how to buy Ripple cryptocurrency and don't want to dive into anything complicated, then one of the easier ways is to sign up for Bitstamp and buy it there. The process is fairly simple:

  • Sign up for Bitstamp
  • Verify your account and identity
  • Deposit your funds
  • Order Ripple


Gatehub is similar to Bitstamp, except that it allows you to perform the exchange with a wider variety of currencies. To buy Ripple on GateHub, you'll have to follow a similar protocol as you do with Bitstamp, but it's straightforward as well:

  • Sign up for GateHub
  • Verify your email address
  • Verify your identity
  • Choose a gateway and deposit your money
  • Go to the Exchange page and buy Ripple

Since you'll be able to use a few different alt coins to buy through GateHub, this is a good choice of exchange if you want flexibility. You can also trade your XRP easily for BTC, EUR, USD, or ETH.


Just as with Bitstamp and GateHub, the first thing you need to do is sign up on the official website. One of the big differences, though, is that you will have to change your fiat currency into XBT (another name for BTC) before you can buy Ripple coins. If you already have your money in BTC/XBT, then you won't need to go through this extra step, of course.

  • Sign up for Kraken
  • Verify your account
  • Log in and buy XBT(BTC)
  • Use the XBT to buy XRP

Once you have your XRP, then you can store it at the exchange or in your wallet. Remember to keep all of your private keys in a safe place, written down on paper, but away from prying eyes.

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How To Buy Ripple Cryptocurrency Without Exposing Your Identity

man holding a ripple coin

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One of the things that almost all exchanges have in common is that you will have to verify your identity, especially if you're a US citizen. This is to cut down on money laundering and other financial crimes, but if you find it intrusive, then you can try to find a different way to acquire Ripple. Perhaps you can buy some in person or perform some kind of labor and ask to be paid in XRP.

In cases like these, you will have to have your own XRP wallet, since you won't be able to store them at an exchange. From there, you can use Ripple to buy other coins, buy goods and services, or hold it as an investment.


Ripple is a new, promising decentralized payment system that may prove to be faster and more secure than other cryptocurrencies. Since it is already used by some legitimate companies, such as American Express, it has seen mass adoption over the past couple of years and will probably continue to grow in the future. Since it's so flexible, once you know how to buy Ripple cryptocurrency, you can use it to buy other currencies for your portfolio as well. This makes it a potentially great investment for those who are looking to sink their teeth into the cryptocurrency market.

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