Category: 2. Tutorials

Litecoin Trading – FAQ

How do I start trading Litecoin? To start trading Litecoin you’ll need to find a reputable broker and open an account. It’s also advisable to research the fundamentals of cryptocurrency and the different ways you can trade Litecoin. Our guide should furnish you with enough information to start exploring...
Read More

Conclusion

Hopefully, having read through this article you will have a much better idea of how to trade Litecoin. Of course, trading any financial asset is an ongoing learning process and we’d encourage you to take things slow and take in as much information as possible.  How to trade Litecoin...
Read More

How to Trade Litecoin 2021 – Step-by-Step Walkthrough

You have made it this far, so by now you no doubt have a clear understanding of how to trade Litecoin. As such, you can now follow our simple walkthrough on how to get started in your trading endeavours. Step 1: Choose a Litecoin Trading Site The first thing...
Read More

Other Things to Consider When Trading Litecoin

If you’re serious about learning how to trade Litecoin, then there are a few things you will need to be aware of when making trades. The following are important considerations for entering the world of crypto-trading.  Fees You will of course pay fees for brokerage services to trade Litecoin....
Read More

Closing a position

Setting up your Litecoin trade is, of course, only half of the process. You’ll also need to decide when to close the position. As we have already mentioned, if you opened a sell order, then you close the trade with a buy order and vice-versa.  You can close a...
Read More

Entry Price

Next, you need to decide how and when you wish to open your trade. You effectively have two choices at this stage, you can either open a trade on the spot (a market order) or choose to enter at a specific point (a limit order).  Market Order A market...
Read More

Buy or Sell?

The first thing to consider when opening a position is whether you think the price of Litecoin is going to go up or down. If you think the exchange rate will increase, then you open a buy order. If, on the other hand, you expect the price to drop,...
Read More

Stake

The first thing to consider when trading Litecoin – or any asset for that matter – is deciding how much capital you are prepared to put into the trade. It should be remembered that day trading carries an inherent risk, so you should always bear this in mind when...
Read More

Getting Started with a Trading Platform

Once you’ve decided on a platform, you’ll need to register and open an account. Each provider will have its own onboarding process, but for most you will need to provide a few details and verify your identity. Any reputable firm will carry out verification checks as standard, but more often...
Read More

Things to look out for when choosing a platform to trade Litecoin

Choosing the right platform for you will largely come down to personal preference, but there are a few factors that should be considered prerequisites.  Make sure any platform you sign up with has adequate regulation. If you are a UK-based trader, for example, then any broker or trading platform...
Read More