Crypto Trading

Learn the basics of trading cryptocurrencies with the Crypto trading content below. If you’re looking for something more advanced, you should check out the Technical Analysis course instead.

Key points on Crypto Trading

  • Crypto trading is the process of buying and selling cryptocurrencies.
  • Traders buy and sell to speculate on price changes.
  • Some traders might be selling cryptocurrency they’ve been paid in.
  • There is a risk that you will lose all of your money.

Crypto Trading overview

Lets go over all the crypto trading content available on True Miller. The course will be split down into to some important sections.

Crypto trading basics

These articles will arm you with base fundamentals you’ll need to get into crypto trading.

  1. Cryptocurrency exchanges 101 — An introduction to cryptocurrency exchanges, what they are, why they’re uiused, and the differences between centralized and decentralized exchanges.
  2. Cryptocurrency pairs 101The markets are usually displayed as ‘cryptocurrency pairs’, e.g. BTC/ETH (Bitcoin and Ethereum), let’s learn what they are and how they work.
  3. Candlesticks 101 — Learn what candlesticks are, how they work, and what they tell you.

Market types

  1. Spot trading — The most basic type of crypto trading market. Spot markets are where you trade real cryptocurrencies, without any leverage.
  2. Margin trading — Similar to spot trading but leveraged. You use funds as collateral to borrow larger amounts for your trade.
  3. Futures trading — The riskiest type of market, reserved for the bravest of traders. Futures markets are where you can trade high-leverage cryptocurrency contracts.

Order types

There are different order types used when trading. Learn which ones do what, and the pros and cons for each one. Don’t skip anyway, you might have an incorrect picture of some of them if you haven’t already learned about them.

Basic order types

  1. Market orders
  2. Limit orders

Advanced order types

  1. Stop limit orders
  2. Stop market orders
  3. Trailing stop orders

Exchange practical

Once you’ve learned what cryptocurrency exchanges are, it’s time to create an account. I’ll hold your hand through the process step by step.

  1. Creating an account — If you’re going to trade cryptocurrencies you’ll need an account an exchange, we’ll get you setup step-by-step so you can continue with the rest of the course.
  2. Find your wallet(s) — Cryptocurrency exchanges will hold you wallets for you. They’re easy enough to use, but do you know how to find your wallets?
  3. Depositing funds — If you’re going to trade cryptocurrency, you’ll need funds. Go through these steps to deposit funds to your cryptocurrency exchange account.
  4. Withdraw funds — At some point you’ll want to withdraw your money from your exchange. This is how you withdraw your money.
  5. Finding the price charts — You could trade completely blind, but that probably not wise. Lets find where the price charts are!
  6. How to read a price chart — We’ll explore the basics of reading price charts.
  7. Using the order form — The order form will allow you to place orders on the exchange. This is how you will execute your trades moving forward.
  8. Executing your first trade — Buckle up, we’re going in. Provided you’ve made an account, and you deposited some funds, we’ll execute our first trade together, woohoo!

Trading styles

  • Day trading crypto 101
    Crypto day traders make many trades per day. They don’t tend to keep crypto trades open overnight.
  • Swing trading crypto 101
    Crypto swing traders place trades that last a few days or more. Many even maintain full-time jobs while swing trading.
  • Scalping crypto 101
    Scalpers place very short term trades, often getting in and out in a few minutes. They are day traders, but the trade much more. Not all day traders are scalpers though.

Once you’ve read all of the above, you should check out the Technical analysis section, to start building a trading strategy, and also to pull information from charting and price action.