Trading Preschool Lesson 3 – Full Lesson List:
Unlike the stock market, for example, you don’t need to trade through a single, centralized exchange, with a single price option.
In Bitcoin and digital currency markets, there is no single reference price. Prices across different exchanges can vary. It all depends on the traders in any given exchange. Specifically, what are they bidding (buyers) and asking (sellers).
In fact, iceCUBED is one of many exchanges, globally. Further, exchanges are a single part of the rich Bitcoin and digital currency ecosystem.
This much variety in exchanges provides easy opportunities for quick profits, through arbitrage.
While it may seem overwhelming at first, this is another reason why digital currency is so awesome to trade: quick, simple, profit opportunities.
And you can do Bitcoin trading anywhere.
It’s a little like trading Basketball cards. If you want that super rare, mint-condition Michael Jordan rookie card, well, you have to find the best deal. If you find it, you can flip it quickly to another buyer, on a different exchange, at a higher price.
Because trading fees are so low, and transfers are so quick, do this a couple of times in a day or week, and you’re making good money.
In short, anyone can trade Bitcoin, theoretically. But, to do it properly you’ll need a bank account and at least one exchange account.
An exchange account is easy to open. Just register here with iceCUBED. It will be quick.
A bank account? Well, that depends on your country. Actually, you only need a bank account if you plan on trading government money with digital currency. If you just want to trade digital currency pairs BTC/LTC, etc, then you won’t even need a bank account.
Trading bitcoin and digital currency is the fastest and easiest way to learn trading, while making good money. The value of these currencies fluctuates greatly. This means great profit opportunities.
This is high risk trading, with high rewards and super exciting because, well, there is plenty of money to be made in the trading of bitcoin.