What is Cryptocurrency?

A cryptocurrency (or crypto currency or crypto for short) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

Continue reading more about Blockchain and other important things here

You can also read in depth more about Bitcoin here


Technical Analysis Free Course for Beginners by Koroush AK

Koroush AK been profitably day/swing trading, mostly cryptocurrencies and bitcoin, for the past 4 years. He has put together a free financial education course series to help people learn how to trade.

Lesson 1: How to Actually Make Money Trading – Introduction to Technical Analysis

Lesson 2: Mastering Candlestick Charts – A Beginner’s Guide

Lesson 3: Support and Resistance – In Depth Trading Tutorial

Lesson 4: How Trend Lines Work in Trading (For Beginners)

Lesson 5: How to Trade With Moving Average – Tutorial For Beginners

Lesson 6: Beginner’s Guide to Trading Fibonacci Retracements & Extensions

Lesson 7: Volume and Open Interest – 101 Trading Guide

Lesson 8: How To Trade Like a Pro – Forming Your Profitable Strategy

Alternatively you can also check videos related to Risk Management and Leverage Trading Tutorials on his YouTube Channel here


Charting Tools

  • TradingView – Professional charting tools for all markets
  • Coinigy – Crypto specific charting tools & trading platform
  • CryptoWatch – Multi-exchange charting tool owned by Kraken

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