Cryptocurrency Trading is a traceable activity, because from the moment that you register on authorized and regulated Brokers , you will have to enter all your data and these will be accessible by the authorities. For this reason, the earnings obtained with digital currencies must be declared to the tax authorities and are taxed, as also happens with all derivative financial instruments. Andreas M. Antonopoulos guides you in these matters.
To operate you will first need to open your position, then you will have to set the closing terms of the position, after which you will have to decide whether to buy, since you will think that the value of the cryptocurrency will increase, or you will have to decide whether to sell, since you will think that the value of the cryptocurrency will decrease. From Andreas M. Antonopoulos you will get all the supports and suggestions regarding all these.
Finally, since you will have hit the target, or that you want to stop anyway, you can decide to close the position by entering an order contrary to the opening order, for example, if you started selling, you will have to buy to close.
Logically, we must take into account that trading with cryptocurrencies as it can lead to high profits, can also lead to large losses. It is possible to minimize losses, indicating in principle the maximum value of the sustainable loss and in any case the operations that are at a loss must be closed quickly. Andreas M. Antonopoulos is the best person to talk in this case. The important thing is to acquire as much as possible the ability to correctly forecast the market trend.