Cryptocurrencies

One way of profiting with Royal Bitex is by the way of investing through Crypto Trading. There is always a huge possibility of big gains, especially when you are aided by our top-notch brokers.

We accept both fiat and cryptocurrencies from our users. As a result, they can make trading transactions using the different type of funds available on their balance.

Currencies

Bitcoin(BTC)

The most popular and the first worldwide virtual currency on the market. The inability to counterfeit the Bitcoin and its complete decentralization have become undoubted advantages of this currency. Nowadays, the reputation of Bitcoin has become so strong that it is now accepted by large retailers, including Amazon, Subway, Victoria’s Secret, etc

Ethereum(ETH)

If Bitcoin is “digital gold”, then Ethereum can be named as silver without a doubt. This currency boasts the second-largest market capitalization. The main difference between the rival platforms of bitcoin and the ethereum lies in the technology of smart contracts, which allows ethereum users create not only currency but decentralized applications, which attracts large technology players such as Intel and Microsoft to the project.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is a block-based cryptographic platform for developing decentralized applications based on open-source smart contracts. It is a decentralized Turing-complete virtual
machine, which can execute programs on public nodes of the network. Ethereum Classic provides the currency “Ether” (Classic Ether, ETC), which can be transferred from one network member to another.

EOS

EOS is the operating system based on blockchain consensus, which provides access to databases and user accounts, planning, authentication and communication for Internet applications in order to significantly improve the efficiency of intellectual business development.

Ripple (XRP)

Ripple is a unique kind of digital currency that serves as a tool for instant conversion of any currency into another without any central exchange aiding. Because of this significant characteristic, an internal coin called XRP can’t be used for retail purchases. Absolutely every member of the Ripple system can create its own «exchange office» for goods, services or currency.

Cardano (ADA)

Altcoin Cardano (ADA) is a cryptocurrency that operates on a specially designed blockchain platform using a special protocol and the principles of scientific philosophy. In fact, developers
created the platform and Cardano (ADA) coins not according to the pattern of an existing project, but like their offspring from scratch. They were the first to use the results of scientific research to implement useful findings in their project.

Dash

The main distinguishing feature of Dash is the Darksend algorithm. In order to make transactions anonymous, special servers called Masternodes collect and execute several transactions at once. As a result, it becomes extremely difficult to track whose coins are transferred and for whom. Thanks to the mechanism of intermixing payments, Dash is the most confidential cryptocurrency today.

Bitcoin Cash (BCH)

Bitcoin Cash appeared as a result of the division of the bitcoin registry. On its second day of trading, it has tripled in price and is now fourth in market capitalization among other digital
currencies. The aim of a new version of Bitcoin is to speed up the process of transactions on the network.

Litecoin (LTC)

Litecoin is already accepted by companies in the field of electronics, clothing, games, and advertising. The main characteristic of this network is its ability to process a higher transaction volume compared to its counterpart, Bitcoin. Another advantage is a large pool of coins. Eventually, about 84 million Litecoins will be created, which is four times the number of Bitcoins.

Trading basics

Trading the News

The price will often go up or down according to what is
happening in the news. For example, a big exchange getting hacked
or a government announcing new rules of
legislation may make the price go down.

In turn, exciting new startups getting funded, established
businesses integrating Bitcoin or friendly regulations being
announced may all make the price rise.

If you are an obsessive news nerd who is always logged into an
exchange website or app then you may be able to get the worthwhile
profit.

Fundamental Analysis

Fundamental analysis uses the essential data which can affect the price, such as a number of wallets, number of active wallets, number of transactions per day, volume traded on exchanges, volume reported by retailers who accept BTC, and so on.

You can use this information to estimate what you think Bitcoin should be worth right now.

You can then decide whether you think it is currently undervalued or overvalued (and how confident you are in that assessment) and then buy or sell accordingly.

Technical Analysis

There are many tools to help you gain profit and minimize your losses, such as limit orders that execute a trade at a certain price, and stop-loss orders, which can be used to lock in profits when the price changes direction after moving in your favor.

You also have to learn how to read the market by keeping track of different indicators.

Technical analysis is an extremely complex discipline, but you can start to understand the underlying trends and forces that shape the market by learning about volumes, moving averages of different kinds and different patterns that emerge in the charts.

Strategies

Short-Term Trading

If you want to earn money in short periods of time, then the short-term trading strategy is exactly what you are looking for. This is the simplest way of getting profit, and it only works during the day on the market.

Day Trading

Day-trading involves profiting from the short-term movements of a cryptocurrency market. These can happen on a time scale as short as from minute-to-minute or even less since the markets are driven by sentiment and herd mentality as well as with appreciation of the long-term value or potential.

Swing Trading

Swing trading is a type of day trading, when you buy and sell on the basis of short-term price movements, over the course of minutes, hours or days rather than months or years. This method
uses a range of technical indicators to look for turning points in short-term trends.

Scalping

Scalping is a strategy that can be applied mostly within short trading time frames. The trading profit earned is the difference between bids and asks about selling price. Scalping works well in a quiet market, and with bigger amounts of money.

Position Trading

This is a more complicated strategy compared to day trading where the time frame can be as long as from many days to months. In fact, there are no time limits for this approach, because the main factor here is a price movement and long-term predictions. To execute this trading strategy, you will have to consider many different factors and analyze different market trends.

Riding the Trend

Most financial markets will have long-term price trends, in
which the general direction of motion will be in one direction
for months or years at a time. The price will go up and down all
the time, of course, but a clear trend will remain. Some traders
will simply look for this
long-term trend and trade in that direction.