For beginners.
To start trading cryptocurrencies, it's ideal to focus on assets that have:
Good liquidity (easy to buy/sell without affecting the price).
High volatility (frequent movements to take advantage of opportunities).
Solid market capitalization and backing in the industry.
Here is a list of recommended cryptocurrencies for beginners in trading:
1. Bitcoin (BTC)
Advantages: Market leader, high liquidity, many technical analysis tools available.
Usage: Ideal for swing trading or trend trading.
2. Ethereum (ETH)
Advantages: Second in capitalization, strong developer community.
Usage: Good for news and event-based strategies (like network upgrades).
3. Binance Coin (BNB)
Advantages: Used in the Binance ecosystem, good liquidity.
Usage: Often influenced by movements within the world's largest exchange.
4. Solana (SOL)
Advantages: Project with strong growth in DeFi and NFTs.
Usage: Volatile and attractive for day trading.
5. XRP (Ripple)
Advantages: Very popular, especially after legal news.
Usage: Rises or falls sharply with regulatory events.
6. Polygon (MATIC)
Advantages: Solid project with real use in Ethereum scalability.
Usage: Good for technical analysis and short-term movements.
-Key tips to get started:
Start with demo accounts on platforms like Binance, KuCoin, or Bybit to practice risk-free.
Learn about risk management (e.g.: never risk more than 1-2% of your capital on a single trade).
Use basic technical analysis: support/resistance, moving averages, RSI, etc.
Stay updated on market news: macroeconomic events, Fed decisions, regulations.