Cryptocurrency 101: Invest & Trade Like a Pro | Ryan Bates | Skillshare

Playback Speed

  • 0.5x
  • 1x (Normal)
  • 1.25x
  • 1.5x
  • 2x

Cryptocurrency 101: Invest & Trade Like a Pro

teacher avatar Ryan Bates

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

10 Lessons (1h 45m)
    • 1. Cryptocurrency 101 Intro

    • 2. Introduction to Cryptocurrency

    • 3. The Most Common Cryptocurrencies

    • 4. Invest Smarter - Dollar Cost Averaging

    • 5. Setting Up Recurring Transactions

    • 6. What Is An Altcoin?

    • 7. How To Purchase Altcoins

    • 8. Tools of The Trade & Understanding Candlestick Charts

    • 9. Fundamentals of Chart Reading

    • 10. Fundamentals of Day Trading

  • --
  • Beginner level
  • Intermediate level
  • Advanced level
  • All levels

Community Generated

The level is determined by a majority opinion of students who have reviewed this class. The teacher's recommendation is shown until at least 5 student responses are collected.





About This Class

Want to learn how to invest and trade cryptocurrency like a pro? Then look no further!

This course provides the quickest and easiest way for you to learn the basics of cryptocurrency so you can start investing and day trading right away. There has never been a better time to get into cryptocurrency to start making money every day.

First, we will start with the basics and teach you what cryptocurrency is and how it works, as well as discuss the most popular cryptocurrencies. From there we will dive into my top investment strategies so you can make the most of your money and invest smarter while minimizing your risk of losing money.

Finally, we will get into altcoins and show you the fundamentals of day trading so you can start reading charts putting money in your pocket. Whether you're looking to add a little bit of money to your bank account or you want the freedom to work from anywhere with nothing but an Internet connection and a phone, this course has something for everyone.

Don't miss out on this incredible financial revolution. Sign up for Cryptocurrency 101 and get started today!

Meet Your Teacher

Teacher Profile Image

Ryan Bates


Class Ratings

Expectations Met?
  • 0%
  • Yes
  • 0%
  • Somewhat
  • 0%
  • Not really
  • 0%
Reviews Archive

In October 2018, we updated our review system to improve the way we collect feedback. Below are the reviews written before that update.

Why Join Skillshare?

Take award-winning Skillshare Original Classes

Each class has short lessons, hands-on projects

Your membership supports Skillshare teachers

Learn From Anywhere

Take classes on the go with the Skillshare app. Stream or download to watch on the plane, the subway, or wherever you learn best.


1. Cryptocurrency 101 Intro: Hey, what's up, guys? My name's Ryan Bates, and I'm a full time crypto currency trader. In 2017 I left my corporate marketing job behind no more. 9 to 5. And since then, I've been working as a full time crypto currency trader. This allowed me the freedom travel over the world. I'm actually in Hawaii right now, enjoying this beautiful view this nice, sunny day. You can have all this, too, by checking out my course crypto currency. Wanna one invest in trade like a pro will teach you not only how to invest to make the most of your money below you, to trade and make money every single day, just like the professionals do, is whether you're looking to add a little bit of money to your pocket or you want to truly invest in train like a pro and have the ultimate freedom to travel. I work from anywhere but nothing but an Internet connection and a phone. Go ahead and sign for my course. There's something for everyone, and I look forward to seeing you in the classroom 2. Introduction to Cryptocurrency: Hello everyone and welcome to cryptocurrency 101, invest in trade like a pro. My name is Ryan Bates and I will be your guide on this crypto learning journey. I hope that you are as excited as I am about diving into all of this. There is honestly never been a better time to get into crypto. Things are constantly growing and changing and there is really a lot of opportunity to make some good money. It really in a short amount of time compared to other types of investment portfolios out there, such as like a 401 k or stocks. Crypto really provides a lot of opportunity, whether you're looking to just invest, whether you're looking to trade, or whether you're just wanting to casually make a little bit of money here and there. There is really a lot that you can get out of this marketplace and I'm excited you are signed up to go on this journey with me. So a little bit about me. I left my corporate marketing job in 2017 to start day trading cryptocurrency full time. And since then I haven't really looked back at all. I've been loosely following cryptocurrencies since 2014 or so. I heard about bitcoin when it first came out. I didn't really understand the concept, but I kinda started following a lot closer in 2014, but even then I didn't really understand it or even know where to start about how to learn investing or trading or anything like that. It's still very much over my head. But once I wrapped my head around things, I knew that trading with something that I wanted to do full time and I wanted to share that knowledge with other people like you. So here I am ready to share this knowledge and I hope that you're able to get some value from this. Like I said, there's never been a better time to get it into crypto and I'm super pumped that you guys are on for the journey with me. But before we get started, I wanted to provide a little bit of a disclaimer. The information provided in this course is for informational purposes only and should not be considered legal or financial advice. You should always consult with an attorney or financial advisor to determine what may be your best fit for your individual needs. Please feel free to pause the video now if you'd like to read this entire disclaimer, otherwise, we'll go ahead and move on with the rest of this course. So now that we've got all the legal stuff out of the way, let's get into what you can expect to learn in this first module. So, dear crypto investor, thank you for purchasing our course and taking the first step towards an exciting and profitable future. We hope this course inspires you to learn more about cryptocurrency. You said that you can capitalize on the skyrocketing growth of this market and of course, make more money. So in this course there's going to be a lot of different stuff that we're going to be covering, a lot of ground that we're going to be covering. So this is kind of a broad overview of what you can expect to learn throughout the duration of this course. So first of all, we're going to start with the basics, what cryptocurrency is and how it works. The most popular cryptocurrencies, how to purchase Bitcoin, how to purchase altcoins and what Altcoins are. How to invest smarter and minimize your risk of losing money because nobody wants to lose money, right? How to take advantage of market gains. And then finally, how to trade cryptocurrency like a professional and profit every single day. So first of all, let's start with the basics. What is cryptocurrency? Well, cryptocurrency is a form of digital money that is designed to be secure and in most cases anonymous. It's a currency that uses cryptography, which is the process of converting legible information into an almost untrackable code and the Internet to track purchases and transfers. So cryptography was born out of the need to secure communications in World War II, and since then it has evolved into the digital era with elements of mathematical theory and computer science to become a way to secure communications. Information and money online, the first and most well-known cryptocurrencies, Bitcoin, which was created in 2009. Since Bitcoins inception as grown in value over 72% thousand, say that with me, 72% thousand and saw one of its biggest climbs in 2017 from below one hundred, ten hundred dollars to almost $20 thousand. And you're since as reached numbers as high as $58 thousand. There have been a proliferation of cryptocurrencies in the past decade. And as of January 2021, there are more than 4 thousand available to purchase across various cryptocurrency exchanges such as Coinbase, finance and many others. And we'll cover what those are a little bit later and how you actually go about purchasing those coins on these different platforms. So how does this all work? Well, cryptocurrencies are decentralized technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called a block chain, which has a record of all transactions updated and held by currency holders. So unlike fiat currency, which is going to be your US dollar or euro or any other government backed currency. Cryptocurrencies are not controlled by centralized government. There's no single entity that can affect the currency, meaning that transactions can be completed effortlessly any day of the year. So now what I wanted to go ahead and do is play this video. It's an animated kinda short video that really simplifies what bitcoin is and how it works. It's got some nice animations and little characters in it way better than anything that I could draw on my own. So hopefully you guys enjoy it and we'll touch base afterwards to go on to the next section. What is Bitcoin? Bitcoin is the first decentralized digital currency. Bitcoins are digital coins you can send through the Internet. Compared to other alternatives, bitcoins have a number of advantages. Bitcoins are transferred directly from person to person via the net without going through a bank or Clearinghouse. This means that the fees are much lower. You can use them in every country, your account cannot be frozen and there are no prerequisites or arbitrary limits. Let's look at how it works. Several currency exchanges exists where you can buy and sell Bitcoins for dollars, euros and more. Your bitcoins are kept in your digital wallet on your computer or mobile device. Sending Bitcoins is as simple as sending an email and you can purchase anything with Bitcoin. The Bitcoin network is secured by individuals called miners. Miners are rewarded newly generated Bitcoins for verifying transactions. After transactions are verified, they are recorded in a transparent public ledger. Bitcoin opens up a whole new platform for innovation. The software is completely open source and anyone can review the code. Bitcoin is changing finance the same way the web changed publishing when everyone has access to a global market, great ideas flourish. Bitcoins are a great way for businesses to minimize transaction fees. It doesn't cost anything to start accepting them, and it's easy to set up. There are no chargebacks and you'll get additional business from the Bitcoin economy. For more information about Bitcoin visit, we use 3. The Most Common Cryptocurrencies: So now that you have a little bit better understanding of what cryptocurrencies are and what bitcoin is. I wanted to go over some of the other types of currencies that are in circulation. So while bitcoin is the most well-known, like I said earlier, there are 1400 other cryptocurrencies in circulation, each with their own unique benefits. New cryptocurrencies are being released every single day and you never know which one is going to be the next Bitcoin, and that's what everybody likes to say, but you never know honestly which one could take off and skyrocket and values. So it's important to keep up to date on what's going on in the market with these new coins as they come out, because this number is constantly changing and you don't want to miss out on something that could potentially end up being a really big deal at some point. But the most popular cryptocurrencies that you're probably going to hear about now and kind of in the news and maybe at the dinner table, even our Bitcoin, bitcoin, ethereum, and dogecoin. So we're gonna go ahead and dive into each of those now. Just explain some of the benefits and a general overview. So you guys kind of understand the differences and the similarities between these four coins. So first up, the king Bitcoin. Bitcoin is digital money that can be used to transfer funds from person to person through the Internet. It's decentralized, meaning your money isn't controlled by a third party entity such as a bank. And some of the benefits of Bitcoin, which some of this was already covered in the video a few slides back, is that it is decentralized. It has lower fees. It works anywhere in the world. Your account can't be frozen and there are no prerequisites are limits to how much you can use or hold at any given time. And most importantly, it's secure so you don't have to worry about somebody taking your Bitcoins and going on a shopping spree and spinning all of your money, like you have to worry about with a credit or a debit card or even cash. Bitcoin is a lot more secure, which is one of the big draws to this and other cryptocurrencies. So next up is light coin. So light coin gained a lot of ground in 2017. It grew a lot as well along with Bitcoin. But essentially light coin is the silver to bitcoins gold. It's digital money that can be used to transfer funds from person to person instantly with near 0 cost. Like coin is based on Bitcoins, open source codebase, but with a few key technological difference, it's essentially a compliment to Bitcoin, much like silver is to gold. So the main benefit of light coin compared to Bitcoin is that it offers shorter transaction confirmation time. So it's 2.5 minutes compared to the 10 minutes for Bitcoin. So you can think of that when you purchase something in a store, they run your credit card. That's having to confirm with the bank during that time period. So with Bitcoin that can take up to ten minutes for that to confirm them to actually get those funds held for their account. Light coin, it's a lot shorter at 2.5 minutes, so that's less than half of the amount of time, so it's a lot shorter time. So that's a big draw for light coin. And then leading off of that, it also allows the ability to process a higher volume of transactions because of those lower amount of confirmation times. So the network can get less bogged up with light coin as compared to Bitcoin. And so that's kind of one of the things Bitcoins having to work through now is if it is integrated into society, into stores that we're using to purchase goods or services. You need something that's going to be quick and easy. So light coin kinda provides that right now, there are a lot of developments and things happening in crypto right now that can speed up that process for Bitcoin. But as it stands right now. Coin is a faster currency as far as transaction confirmation times and its ability to process a higher volume of transactions. So next up is a theorem and this is actually one of my favorites. I'm a huge at the urine snob. This one's a little bit different and the fact that it's not just digital currency, it also offer smart contracts and we'll get into kinda what that is now. So a theorem is a decentralized platform that runs smart contracts. While bitcoin is digital money at theorem is highly programmable digital money. So imagine automatically sending money from one person to another, but only when a certain set of conditions are met. So that might sound a little bit confusing. So let's kinda break that down now. Say at an individual wants to purchase a home from another person. Traditionally there are multiple third parties involved in the exchange including lawyers, realtors, escrow agents, all of these different people, which makes the process unnecessarily slow and expensive. But with the theory I'm a piece of code could automatically transfer the homeownership to the buyer and the funds to the seller after the deal is agreed upon. All of this without needing a third party to execute the transactions on their behalf. So let's just take a step back and think about that for a minute. And that is a very, very powerful thing. I don't know if you guys are homeowners or if you've ever purchased a home. But I can tell you from my experience, it is a painful process. You have to spend days waiting for contracts and in negotiations and you're just gone back and forth with this seems like every different type of person in the process and it's just way longer than it needs to be. And with a theory and we can make this way shorter, it can make it way easier. My wife is a realtor and I've explained this concept to her and she was like, yeah, we need to buy a theory. I'm like this is a big deal. So I'm a huge theory, I'm a snob. I definitely see the value in it. You can use it obviously outside of real estate, but there's definitely a, a good amount of use cases for Ethereum when you incorporate these smart contracts concept. But some of the benefits of theorem in addition to smart contracts or one that it's decentralized. Also, any of the apps that are built on a theory on are completely free from censorship. So you can kind of post and do what you would like and you are in full control of your data. So when you use Facebook or Twitter or Instagram or any of these other social networks. At the end of the day, those networks own your data and they can do whatever they want with it, whether they want to sell it to advertisers or give it to the government, whatever. I don't want to sound like tin foil hat, but they can do anything that they want with your information. Whereas if you're using a social network or some specific type of application and built on a theorem, you're fully in control of your data. You own your data, and it can't be stolen or sold for profit to serve ads to you. So there's a lot more security on the theorem platform. And like I said, that it's completely free from censorship. So for countries that are censored, you know, maybe in China, there's very sensor they can't access certain social networks was a theorem, they could do that. So it opens up a lot of doors for freedom of speech and freedom of use, as well as allowing people to be completely in control of all of their data. So the last one, this one's going to be a little bit different and this one's kinda been in the news a lot in the last year or so because it's grown so much. And this is Dogecoin. You may have heard about this one, are seeing this one, it has a little Sheba, a new dog as its mascot. But it is a cryptocurrency that has been around for quite some time, but is kind of known as a meme or joke cryptocurrency. So Dogecoin is a de-centralized peer-to-peer digital currency that enables you to easily send money online. It's a fun and friendly cryptocurrency featuring a Sheba in you, which is a Japanese breed of dog. And online meme has its mascot since its creation in 2013 and has developed a devout online community and garden support from prominent figures such as Elon Musk. Despite its history as being a joke cryptocurrency, it reached a market capitalisation of $5.3 billion in January 2021. Some of the benefits of Dogecoin or that it's instant, fun and free from traditional banking fees. Of all of these cryptocurrencies, it's pro, the most volatile and the one that you should exercise the most amount of caution with. Like I said earlier, it is a bit of a joke and amine cryptocurrency and it's been known to lay dormant for quite some time and have values well below a penny. And then all of a sudden shoot up to a few dollars all the way up to like $8. So it is a cryptocurrency that can pop and you can make a lot of money and a quick way. But you could also lose a lot of money in a quick way and invest and then be stuck holding it for six months to a year until it decides to pop again. So be very careful with Dogecoin. But it is definitely one to keep an eye on. 4. Invest Smarter - Dollar Cost Averaging: so now that we've kind of covered the main types of crypto currencies that are out there, I wanted to get into how you can invest in them and do it in a smarter way and risk losing less money and actually make money in the process. So what we do is this is a process known as dollar cost averaging. So before you invest a single dollar into Cryptocurrency, it's important to realize that crypto currency is a volatile market and prices can shift up or down in a matter of seconds. And the sooner that you realize that nobody can tine this market, the better for you. There's charts, and there's things and tactics that we are gonna kind of implement learned in this course. But ultimately you can't know with 100% certainty what's going to happen in the market. So it's always nice to have some sort of risk tolerance risk and make sure that you're not losing money because once you lose money, you're essentially losing the game and nobody wants to lose money. We're here to make money. We're here to do well. We don't want to make a stupid mistake and end up losing it all if something drops and goes down. So one of the best ways to minimize your risk and invest smarter is through a process known as dollar cost averaging. This involves spreading your investment out over a long window of time, as opposed to buying all in at once. Dollar. Cost averaging tends to work best when you believe the overall market is going to go up in the long term. So thinking 12 months out over a year or so, is this coin or Cryptocurrency going to be increasing in value? If it is, it's probably best to implement a dollar cost averaging strategy. So that way you're not losing money and you're actually gaining money. Maybe not as much at once, but you're also not risking as much at once and what kind of dive into that now. So I wanted to go over a few different scenarios and give you guys a couple of different scenarios and let you choose what you think is the best investment strategy for you. One. Let's say you have $5000 that you want to invest, so you wash the market each day waiting for Bitcoin two drops. You can take advantage of the dip then finally, one day Bitcoin drops 15%. See, open up coin base and you by $5000 worth of Bitcoin. You sit back. You're proud you're happy. You just got a lot of Bitcoin at a really good price. It was down 15% than what it was the week before. You made a good move and now you're just waiting for Bitcoin to go back up in value. So that way you're up and you're making money. At that point, you just put all of your chips on one market move for all you know, the market could keep going down or it could jump back up. This is a very risky bet that often doesn't lead to better returns overall by going all in when Bitcoin is down 15%. You missed the 25% dip. That happened three weeks later. So you got your 5000 you bought. Bitcoin was down 15%. But then three weeks later it jumps down 25%. So now not only are you down, but if you could have bought Bitcoin a little bit later when it was a 25%. You could have gotten even better deal than the one that you got at 15%. So all of that happened just because you shot everything in L at once blue your 5000 on one market move. Some people do that, and I'm not saying there's anything wrong with it, but I just wanted to show you guys another scenario and let you decide what you think is best for you. So scenario to Instead of waiting for Bitcoin to dip, you divide the $5000 you plan to invest into $250 blocks invested block each week for the next 20 weeks. You don't care what the price is up or down. You still buy $250 worth of Bitcoin each week. The first week you buy $250 worth of Bitcoin, and later that week the price goes up 10%. You're frustrated because you didn't go all in. If you would have put the whole 5000 in, you would have made a 10% bump on that 5000 who would have made a nice chunk of change? But you didn't. You only put the 2 50 But you did get a 10% return on your 1st $250 investment, so that's a pretty good deal. So one week later, you buy another $250 has dropped 18% your pumped. This time you're getting a great deal on new Bitcoin, which will definitely outweigh the potential profits you could have made from going all in on your first. By So say you'd went all in the first. By now, Bitcoins down 18% and you would have missed it. But this time, because your dollar cost averaging your second week, you're able to get Bitcoin 18% and get it at a better price. You're able to get more Bitcoin for your money. So the 1st 2 weeks, first week you made 10%. The second time you're able to get more Bitcoin for your money because it was down 18%. So we're looking pretty good. So you repeat this process each week for the next 18 weeks until you invested the full $5000 each week, the price will be different. Some weeks it's up, something sits down. But overall, your risk is gonna be much lower than if you had gone all in with one market move initially . So maybe you didn't make all the money could have made if you went all in. We also didn't lose all the money you could have either. You spread out your risk and now you're riding the rising tide of the market for a minute. With scenario one you could have went all in with 5000 and Bitcoin shot up and you make a ton of money. But also the reverse can happen. You could have put in $5000 the market tanked. And you just lost all of your money averaging because you're only investing a small amount each time you're minimizing your risk. So when you do, when you win a little bit, when you lose your not losing at all, you're only losing a little bit. But it kind of will average itself out. And so that's kind of what the term implies. Dollar cost, averaging your averaging out, your dollar cost for your investment. So which would scenario would you guys choose? I know that there's not a right or wrong way to invest. There's definitely different times to do different types of investment strategies. But I think overall, if you're a new investor or even a seasoned investor, I think dollar cost averaging is a good bet when you're thinking long term. So if you're thinking about buying something that you're wanting to hold for a while, I would dollar cost average your way in, and dollar cost average your way out when you're taking your profits. But that's just my personal opinion. You guys feel free to choose what you want, but I just wanted to cover what this strategy is because it's a great way to minimize your risk and maximize your profits. End of Module one. Congratulations. You guys passed. Give yourself a nice big pat on the back. You should not know what crypto currency is, how it works, the most popular coins and, finally, how to invest smarter using dollar cost averaging. So when the next module will take this knowledge that we gain in this 1st 1 and we'll put it to work by showing you how to buy Bitcoin like coin and Ethereum, we'll go through setting up a re occurring transactions and coin base, and finally we'll get into the deep weeds of all coins and how to purchase them on other exchanges, such as by Nance and COO Coin. But thank you guys for listening, and I look forward to you continuing on with module to 5. Setting Up Recurring Transactions: Hello everyone and welcome to module 2 of cryptocurrency 1, 0, 1, invest in trade Like a Pro. And the last module you learned the foundations and fundamentals of cryptocurrency. But now it's time to have some fun and actually start doing the investing. And this module, you can expect to learn the following. How to buy Bitcoin, bitcoin and the theorem, how to set up recurring transactions on Coinbase using dollar cost averaging, what an alt coin is, and finally, how to buy Altcoins. Before we get started with this module, I wanted to make an update for 2021. Coinbase has changed the name of their professional trading platform from GTEx to Coinbase Pro. Therefore, any mention of GDX in the following audio should be taken as a reference to Coinbase Pro, which you can access at pro dot So just wanted to do a little bit of a recap on dollar cost averaging. Dollar cost averaging, if you remember, is one of the best ways to minimize your risk and invest smarter. So what you do is you essentially take out the total amount that you've planning to invest and you split that up over a long window of time as opposed to buying all in at once with one single market move investment. So dollar cost averaging, remember, works best when you believe the overall market is gonna go up in the long-term. So Bitcoin would be a good example of thorium light coin. Any of those major coins most likely going to be going up in the next 12 months. Those are the ones that you would want to dollar cost averaging two. And remember we do this dollar cost averaging because the market is so unpredictable and it's extremely volatile and nobody can time it. And so this is just a great way to minimize your risk and allow you to get the most currency for your money instead of just blowing it all on one move and rolling the dice hoping that it goes up. And so I wanted to include this funny little picture that I saw here on Twitter back a few months ago and it says a boy asked his Bitcoin, investing dad for one Bitcoin for his birthday, and the dad responded, what? 15504.14354 is a lot of money. What do you need $16,782 for anyway. And so if you don't get the joke, It's because Bitcoin is extremely volatile, like I was saying, it's constantly shifting and price and this is really no exaggeration. It really can one day be 50000, one day be 16, one day before. It can definitely changed a lot. And so this is kind of the perfect example of why you want to dollar cost average because you don't want to do one big move and then it jumps down. You know, if it did one big move and it jumped up, that'd be great, but it's a gamble, it's a 5050 chance that that's going to happen. So dollar cost averaging is a great way to minimize that risk and invest smarter and not lose your money. So the first thing that you need to do once you've decided how much that you want to lay out for your investment, whether it's $500.10, $100.5 thousand dollars, however much that you want to invest, you want to take that total dollar amount that you have to invest and you want to follow a schedule based on how aggressive you want your investment to be, then simply invest the same amount each week until you've invested all of your money. And the basic rule of thumb for cryptocurrency investing would be a high-risk, would be around eight weeks, medium risk would be 16 weeks. And then finally, a low-risk would be 24 weeks. And these timeframes probably seem like a long time to some of you. But the goal of this investment process is to not lose any money. Basically any type of investment you don't ever want to lose money, you want to gain money, otherwise you wouldn't be investing. And so I would pick one of these three types of risk tolerances. You can also kind of do a hybrid approach. So if you wanted to do like a medium high, around 12 weeks or a medium low around 20 weeks. You can do that. You can really tailor it to fit your exact needs. It doesn't necessarily have to be one of these three. You essentially you just want to take the total amount that you have to invest and split that up over the course of a set number of weeks, investing the same amount each week. So what you wanna do once you've decided your risk tolerance is you wanna go ahead and create a Coinbase account. So Coinbase is actually the place that most people use to purchase Bitcoin, bitcoin, and ethereum, any of the big currencies, this is the main place that you typically want to do it. So similar to stocks, cryptocurrencies are purchased on exchanges using mobile phones or your desktop or any number of devices. And Coinbase is typically the easiest and most secure way to do this. And it's the one that I use personally and it's the one that most people would recommend just for the ease of use and the simplicity and the security of it as well. And so one of the things that I kinda wanted to touch on is there is a common misconception with cryptocurrency that you have to purchase a full coin. And so some of you may be saying, you know, bitcoins, $15 thousand right now, I don't have $15 thousand to invest, only have $1000. And misconception is that you have to purchase a full coin and that's not true. You can purchase fractions of coin. You can say I have a $100 and I want to buy a $100 worth of Bitcoin and you can buy at a $100 worth of Bitcoin. You don't have to buy a full Bitcoin or a full theory I'm or full light coin. You can really get a little bit of each or all of one. Or you can buy multiple Bitcoins if you want, but you don't have to. And that's a common misconception that I kinda wanted to touch on here. But I would recommend using coinbase. Like I said, it's one of the easiest and most secure places. And also if you use this link in the PDF that's attached in this, you'll get $10 of free Bitcoin after you buy or sell your first $100 of Bitcoins. So that's a pretty cool deal. If you just go to and sign up, you don't get this free $10. All you do is just get an account. But if you use our link because we referred to you and we use coinbase herself, you'll get $10 free after using and buying and selling your first Bitcoin. So that's a pretty good deal, highly recommend it. So if you guys want to use this link, you'll get that 10 free dollars worth of Bitcoin after you buy or sell your first a 100. So you now that you've created your Coinbase account, we wanna go ahead and set up weekly recurring transactions in Coinbase. And so you've set up your risk tolerance. You've signed up for Coinbase using the link in the PDF, you've got your free $10 a bitcoin you're ready to invest in. So this is kind of a screenshot of what coinbase is going to look like when we're setting up the recurring transactions, will actually break this down and just a few slides. But essentially the first step is to pick which type of coin that you want to buy. So in this instance, we decided to buy Bitcoin. Next you'll pick your payment method. So we'll pick your bank account or your credit card or however you're wanting to purchase your cryptocurrency. The third one, you'll pick how much cryptocurrency that you want to buy. It's going to automatically do the conversion for you into Bitcoin so you don't have to worry about that. Then you want to go ahead and select the repeat this by checkbox. And you can go ahead and select your duration, whether it's daily, weekly, every two weeks or monthly. Remember for dollar cost averaging it's weekly, so we'll go ahead and select weekly, and then we will hit by Bitcoin instantly. And if you can see on the right, it'll show you exactly how much corn you're getting, what payment method, how often, et cetera. And so you can see all of that and it's gonna go ahead and set up that recurring transaction for you. So this is the process for setting up those weekly transactions in text form. So the first step is to click the buy tab, then select the asset that you want to buy, and then click onetime purchase. Select how often you want to repeat this purchase or how often you want your weekly recurring transaction to take place. So it can be daily, monthly, weekly, however often that you want to purchase cryptocurrency, then you're going to click the Preview by button to review your purchase. And you can always click the back button if you would decide you want to make a change and just the amount or anything like that. And then once all the details are correct, go ahead and click the Buy Now button to complete your purchase. And I just wanted to include this little note here. It typically takes three to five business days or up to seven to 10 calendar days, depending on weekends and holidays and things like that for your purchased actually appear in Coinbase. So when you go ahead and buy your cryptocurrency in Coinbase, it's not going to show up right away that you have Bitcoin. It'll take three to five business days or seven to 10 calendar days, depending on the weekends for that to actually appear in your account. And after you make your purchase, it'll actually tell you when you can expect your funds to get in and is usually around a week later. So say you purchase something on a Friday, you can usually expect to get at that following Friday in your accounts. So don't worry if it's taking a little bit that standard procedure, don't think that you're you got screwed and you're not getting your money. Don't worry. It'll usually take about a week or so. So now that you've set up your weekly recurring transactions, Coinbase is automatically going to buy the coin for you each week and withdraw the funds from your bank account. And just another reminder, you are going to see different coin prices depending on the price of the coin at that given purchase time. Coinbase is essentially going to buy the market price each week. So the amount of coin that you buy each week will also vary. So even though you're spending the same amount each week, you might not necessarily be getting the same amount of bitcoin each week. Some weeks it might be getting more, some weeks it might be getting less. But remember, dollar cost averaging is just to get the average. So that way your risk tolerance is a lot lower and you're not risking not getting the amount of bitcoin that you could if you'd waited and you're not blowing money or anything like that. So it's just a safer bet. But that price and the amount that you're getting is going to vary week-to-week. And so one of the things that I wanted to go ahead and call out is even though you are setting up this weekly recurring transactions, Coinbase will not automatically cancel that for you. So you're going to have to make sure and set a reminder in your calendar to cancel the recurring transactions after the last week of your strategy. And you'll need to manually do this because like I say, Coinbase will not do this for you. And so you don't want to end up going over your budget. So you wanna make sure in set a reminder either in your calendar or Reminders app or something like that. Whatever you use for your reminders, you just want to make sure that you have that noted to go ahead and cancel that. So for example, say you're doing 16 total transactions, uh, $375, which would be a dollar cost averaged amount of $6 thousand. You want to make a note in your calendar on week 15 to cancel the recurring payments. So you make your first payment, it's going to make payments for their remaining 15 weeks and you want to cancel on that last week. That way the following week it doesn't charge you again because then you're going over budget and even vested away more than you had planned to. So just go ahead and add he set up your recurring transactions, make sure and set a reminder however you do to go ahead and cancel that recurring transactions so you don't go over your allotted budget. 6. What Is An Altcoin?: So next let's get into one of my favorite topics, and that is what is an altar coin. Some of you may have heard of all coins before you're like, What is that? Is that one type of coin? Is that multiple types of coins? What is an all coin? So all the coins are alternative cryptocurrencies that launched after the success of Bitcoin. Many of them are built on the basic framework provided by Bitcoin, though their use cases may be different. In short, the term Ault coin describes any alternative Cryptocurrency to Bitcoin, so that could even be a light coin, a ripple or ethereum or any number of other coins. Like I said, there's 1400 different types of Cryptocurrency out there right now, and that number is growing every day. And basically, any Cryptocurrency that's not Bitcoin is considered an all coin. So where can you buy all coins? Well coined based provides the easiest solution for purchasing all coins such as light corn and ethereum. But for any other all coin, you'll need to sign it for an exchange such as buying answer coup coin. And I mentioned that briefly in the first module, but we'll get into more death of what that is now. So each exchange has its own unique offering, with some overlap in between the two. But overall, we typically prefer by Nance for its simplicity and trade volume, though we regularly use both exchanges. So here are the links. If you wanted to sign up for finance or coup coin, so both of these are really great exchanges. I tend use finance personally myself. Just because of the coins that are there. I'm usually trading the same types of coins day today. Where's coup coin tends to have a lot of the newer coins. So if you're really wanting to get into the newer coins and invest in those while they're cheaper and their new and you're interested in maybe a specific project, Kuku, it could be better for you. There's not a right or wrong way. It just kind of depends on your trading and the type of trading that you're planning to do So with finance, I'm typically trading the same types of coins with coup coin. I have some coins there that I'm down, not really trading. I've just bought stuff and I'm kind of holding it there and I'm letting it accumulate and grow and eventually I'll sell those. But I used finance more for my day trading and Kuku on more for just my holds for the coins that I'm interested in keeping long term. So now that we know what all coins are and where to purchase them, how exactly do you purchase them Well, like Bitcoin, which can be purchased with US dollars or any other type of Fiat currency, all coins must be purchased using Bitcoin er ethereum. For that reason, you must first purchase Bitcoin er ethereum on coin base. Once you have purchased big Quinter ethereum on coin based, you'll need to move it to the coin mess exchange known as GE tax from jet actual. Then transfer Cryptocurrency to buy Nance or coup coin. Please know a video detail in this process will be found later on in the slides. The next few slides are gonna be screenshots and kind of showing you up close and personal how this process works because it is kind of a process, but a video will be available at the end of the module just to help you guys out and make it a little bit more clear because it can be a little bit confusing even with just screenshots. So the first step, like I said, it's to purchase Bitcoin or ethereum on coin base. Then what you're gonna go ahead and do is you're gonna open corn basis exchange known as GDX, and you can access that at g tax dot com. Todo hadn't clicked the deposit button To move your funds from coined based DJ decks, you're going to select your coin based account and currency as the source. You're gonna type in the amount that you want to deposit, and then you're gonna go ahead and hit deposit funds. And this is essentially going to move your funds from coin based to JI tax with no fees. So now you've got your funds transferred over to G tax. You want to open a new browser tab in, log in to finance. You haven't yet signed up for a finance account. You can go ahead and click, buy Nance here on the screen and will take you to their site, where you can actually sign up for an account using our referral link next. Once you're signed into by Nance you're gonna want to select funds in the upper right corner and click deposits and withdrawals. So next you're gonna want to go ahead and click in the search field and type in either Bitcoin or ethereum for whichever currency you're currently depositing. Then you're gonna go ahead and click the deposit button. You're gonna copy your deposit address that shows up, or you can go ahead and click the copy button, and it will copy that entire dress for you and then go ahead and return to GDX. So once you're back and GDX, go ahead and click the withdrawal. But next to the deposit button that we hit earlier, you're gonna go ahead and select your BTC or e th address. Depending on if you're transferring Bitcoin or Ethereum, you're gonna type in the amount that you want to a draw. You're gonna go ahead and paste in the deposit address you copied from bine Answer Coup coin in the destination field, and then finally, you're gonna input your to factor code if you have it enabled on your account, which I highly recommend. Otherwise, just click the get code button and it will send a text to the phone that you have on file with the code that you would input here and then hit. Withdraw funds. Once you complete the previous steps, you'll receive an email from finance when your funds were available to use. This isn't instant and typically takes 1 to 2 hours, so don't worry if you don't receive the notification email right away, it's coming. Just be patient. Sometimes the network can get bogged up if a lot of people are transferring so it can take a little bit of time. But you'll get your email notification whenever your funds already. Then, from there you could begin purchasing any of the wide range of all corns available and will detail this process a little bit. Maurin module three Please note. The process of transferring Cryptocurrency from coin based a coup coin is essentially the same as it is for finance. And well, actually, now go into a video of how to do this whole process. Using by Nance is an example from going from coin based to GDX toe by Nancy. You guys can kind of see the whole flow of everything I know in Screenshots that could be a little bit hard to understand. So hopefully this video helps. Like I said, the process is pretty much the same for Kokonas. Well. 7. How To Purchase Altcoins: So now that we've gone through all the steps of this whole process, I thought it would be helpful to put together an actual video just to visually help with the process. Because I know that there are a lot of steps and it can be a little bit confusing just using text and screenshots, so want to go ahead and go through this all in a video just to help you out. So the first step, like I said in the pdf, is to go ahead and purchase your currency on coin based, you're gonna want to do either a Bitcoin transaction or an ethereum transaction. You can transfer light coin to finance or coup coin. But then, at that point, you're gonna have to transfer that once you're there to Bitcoin or to ethereum. So it makes it easier to just go ahead and start off from the beginning, purchasing either Bitcoin or ethereum and use that as your currencies to transfer over to buy Nance. So let's say we go in and purchased our currency. We're gonna go and go to ji tax dot com, and so ji tax is essentially coin basis exchange. So, um, when they're purchasing currency for you on coin based. They're actually using their exchange gee tax to facilitate what that price is gonna be. And so we're gonna go and go to g dax dot com Once you're logged in and you have accounts set up on ji tax, that's gonna be the same log in and everything that you use for coin base. You're gonna go here to the top left corner and you're either going to select BTC, USD or E T h u S t. So I've already got some A theory. I'm here in my account, so I'm going to use that for the sake of this video. But it will be the same exact process if you're using Bitcoin. So we're gonna go ahead and go up to either USD and up here at the top. It'll typically say zero for you because you haven't put any money into JI attacks on So what? You're gonna want to go ahead and do it. You're gonna want to go ahead and hit this deposit button so you're going to hit deposit. It's gonna bring a few different options of where you can deposit the fronts from. Is automatically going to show your coin based account. So we're gonna go ahead and hit coined based account. It's gonna show our wallet that were using. So it'll either be Yuri through wallet or your Bitcoin wallet, and then we're gonna go and select the amount that we want to go ahead on deposit in two GDX. So for this one, we're gonna go ahead and do one, and then we'll hit deposit funds. And so it says you have successfully deposited one ethereum. Same will be for Bitcoin. So at the top, you noticed that one now became a two. So now I have to ethereum sitting in my GDX account. So now that the coins have been moved from coin based to JI tax completely free, there is no fee or anything to do that. The next step is to actually transfer these to buy Nance. So what we're gonna go ahead and do is if you haven't already, go ahead and create an account on by Nance using the link in the pdf and then we'll take you to buy Nance, Sign up once you're signed up, but logged in in the top right corner. You're going to go ahead and hit funds and it will pop up a little drop down and you're gonna go ahead and hit deposits, and so we'll click deposits. This is auto feeling for me earlier because I transferred some ethereum earlier. Typically, it's gonna ask you to select a coin, or it may show a different coin altogether. So click this drop down and you'll just go ahead and type in the coin that you want to use . So if you want to use Bitcoin, you'll type Bitcoin. If you want his ethereum, you'll type Ethereum so we'll go in type Ethereum, go and select it and then it's gonna show up this long string of characters. And so basically, this is our address that we're sending to on finance from G. Dax. And so we're gonna want to go in and copy this address. You can highlight and copy it, or you could just hit this copy address button. You'll get a notification that its succeeded in copying that, and then we're gonna go ahead and go back to Gee Tax to put in that this address to send the funds from Jude Axe to finance. So go ahead and go back to gee tax. So last time you remember, we hit the deposit button. So this time we're gonna go ahead and hit the Which raw button, so we'll hit. Withdraw. They were to get click R E T H address, so either hit E th address or BTC address. If you're using Bitcoin, it's going to go ahead and ask you for the amount that you want to transfer so we'll go ahead and select one. We're going to go ahead and paste in the address that we just copied from finance. So the last step is to go ahead and just enter your to factor code. If you don't have to factor authorizations set up on your coin based account, I highly recommend it. It's just another way to protect your money so nobody can get access to it. So go ahead and hit, get code. Or, if you're using, like the Google authenticator app, you'll go ahead and enter that code there from that app. Otherwise, just click get code, and it'll send a text to the phone number that you have on file on your coin based account . You'll enter that number and you'll go ahead and hit withdraw funds. So I'm not gonna actually do that now just because it takes a little bit of time for the funds actually transfer to buy Nance. But I wanted to go ahead and show you guys how the process works and then what it actually looks like after. So afterwards you're gonna receive a email from finance that's gonna say deposit success and it's going to say hello. Your by dance account has recharged this amount. So I had transferred a little bit of light coin a couple days ago. So this is the most recent email that I had. Typically, it's gonna be ethereum or Bitcoin. Obviously you can transfer light coin, but like I said, then you're gonna have to transfer that over to either Bitcoin er, ethereum once you're on finance. But for the sake of the video, I just wanted to show you guys what this process looks like. So you'll get this email that's a success, says how much you've transferred over. At that point, you're free to use that currency owned by Nance to purchase whatever all corn you would like to buy. And this process is going to be almost exactly the same on KU coin. I'm not gonna go through the whole process, but it's essentially the same thing. You buy your currency on coin base, you go into Ji Dax. You'll click deposit. You'll select from your coin based account. How much you want to deposit. Then, at that point you'll go to CU coin and you will select their address there. So it'll be Ethereum or Bitcoin. You'll copy the address. You'll come back to Gee, Dax. You'll hit. Withdraw. You click the address name, the amount that you want to transfer and the address on KU coin dear to factor code and then hit withdraw funds. It's gonna be the same exact process on both exchanges. It just is gonna look a little bit different because it's a different exchange. But it's gonna be the same types of things that you're clicking on. You essentially just need to get that address from CU coin and put it into GDX descendant. And so some of you might be wondering why we're not just going directly from coin base to buy an answer Coup coin. And that is because of the fees. So say that you have one ethereum that you want to transfer from coin based of finance. If you transfer that over there, not gonna send the full ethereum. They're going to take out their cut first. And it's a fee that will go to coin base, and they're gonna keep that. And you're not gonna get your full ethereum when you finally get a non by ants to use to purchase all coins. And so that's why we go to GDX first, because that eliminates the process of fees. So it's free to transfer from coin based Aji Dax and then to go from Jax to a different exchanges completely free. So coo coin finance, any other exchanges completely free to go from G. Dax. And so it's more steps involved. But the steps are necessary and meant to just save you money. So you're not wasting money on fees and filling coin basis pocketbooks. So I hope that you guys found this video to be helpful. I know it could be a little bit confusing, but I hope the video kind of helped make sense of it. I know what just screenshots and text. It's a little bit to kind of take under and kind of understand. But I hope that you guys found this video to be helpful. But I look forward to showing you guys a little bit more about how to actually purchase these coins on the exchanges later in future modules and that is it. Congratulations. You've now completed module to you should not know how to buy Cryptocurrency on coin base, as well as how to set up recurring transactions to match your risk tolerance. Additionally, you should now know what all coins are and how to purchase them on finance and COO Coin and Model three will take your new investment knowledge and turn you into a crypto currency trading pro. So this is what you can expect to learn in Module three, the best tools to use for day trading crypto currency, how to read a Candlestick chart, the fundamentals of day trading and finally, how to make profits every single day 8. Tools of The Trade & Understanding Candlestick Charts: congratulations. You made it to the last module. You've learned a lot up to this point. And now it's time to take your investment knowledge and turn you into a riel crypto currency trading pro. Just a side note. A lot of the content in this last module is gonna be very video heavy just for the sake of simplification. It's really hard to explain a lot of these types of concepts using just screenshots and texts. So this last model is gonna be a little bit shorter as far as the actual pdf, but is gonna be a lot longer as faras theatrical video in the content compared to the previous two modules. So what can you expect to learn in this last module? First of all, we're gonna go ahead and start off with the best tools to use for day trading crypto currency. We're gonna show you how to read a candlestick chart and what that is, we're gonna go over the fundamentals of day trading and finally we're gonna go ahead and show you how to make profits every single day tools of the trade. So the first step to becoming a successful crypto currency trader is having the right tools , both finance and COO corn recovered in module to And if you remember, those are the exchanges where you're going to be purchasing your Cryptocurrency. But there's a few other tools that I tend to use on a daily basis that really helped me be successful and make good trades. And the first of those is trading view, and we're going to dive deeper into this one in the next few videos. But essentially, it is a Web service and social network that provides an overview of the crypto currency markets, prices and charts. So this is where we're actually gonna be looking at charts. We're gonna be drawing lines. We're gonna be analyzing the data and using that data to inform our buying decisions, whether we're buying or were selling or doing any kind of trading. We're gonna be using trading do a lot. So it's a very important tool to always have open next to your exchange of choice. Next up is core energy, and it's a professional crypto currency trading tool that lets you trade on every exchange through one account. And so this is a paid tool of all of these tools. It's the only one that actually costs money, and it's also the only one that's really optional. So this one you don't have to pay for this is just something that I like to use because of the simplicity of it. So corner Gee, it's a trading tool that allows you to trade across multiple exchanges. And so instead of having to go to buy Nance and COO coin or any other exchange, you can trade all of it from one single place in corn edgy and also uses the charts from trading view as well. There's a lot of really great features as far as setting prices to when they get a certain level, it can notify you and send a notification. So you know to go ahead and buy because of the coin that you've been watching is down. Or you can set a notification when the coins spiked up and it's time to sell. It's just kind of an automated type software that really helps your trading process, but it is a paid software. I think it's around $20 a month, so it's completely optional. But I wanted to go ahead and include a link for that here just because it is a tool that I'm using on a daily basis. And finally, these are the links for the tools. These are our referral links other than the trading view links. So if you want to use those that would help us out, also get you a little bit of a discount on your trading fees as well. So I've got financed coup coin Conergy, and then you can access trading view at trading view dot com. So the first thing we're gonna cover in this module is the candlestick chart, and this is basically what you're gonna be looking at every single day when your trading So reading a candlestick shark is basically the foundation of day trading. It's typically the type of chart that you're going to see on an exchange, such as buying answer, coup coin as well as basically any other type of exchange out there. But if you can understand the chart, you put yourself in a strategic position to do well and to make a lot of money. And while no one can predict with absolute certainty what's going to happen in the market, the chart gives you the best possible chance at a positive outcome. Next up in line with the chart is a couple of different things that you're going to see on the chart itself, and that is candles and wicks. So a candle will display the opening lowest and highest price of a coin during the selected time period, along with the price that it closed at the wick, or the line at the top and bottom of a candle indicates the lowest and highest prices during a selected time. The color of a candle body indicates whether the closing price was higher than the opening price represented by a green bar or increasing up bar or lower than the opening represented price by a red bar or a decreasing down bar. The green up bar can be considered bullish, and it means it's on an uptrend or a red down bar means it's bearish and it's on a downtrend. So I just wanted to go back to the previous slide really quick so you can see here. These are the red and green candles so you can see the different types of candles back on this image, and you can see the red, the green. You could see the wicks up in the weeks down, so that tells us about the opening, the closing and the direction that the corn is trending in, whether it's a bullish pattern or a bearish pattern. And so the easiest way to think of that as a bull has got its horns and it's pushing up with its horns was a bear swatting down, and it's pushing the price of the cooling down. So next up is support and resistance. The most important concept with in Cryptocurrency trading is support and resistance. As the name suggests, support means that the Cryptocurrency is at a price that supported by many buyers at that given time. It also tells you how many buyers were in the market for that time as well. Resistance means that the given prices resistant to sellers, or that there's not enough buyers in the market. A price level can first serve as a resistance or a price ceiling, and once it breaks services, support or price based or vice versa. Both of these concepts are important for a trader to distinguish and recognize. And we're gonna go more in detail, with both supporting resistance and candles and wicks in the following videos 9. Fundamentals of Chart Reading: the first stop reading the chart. So now that you know the basic terminology of a Candlestick chart, it's time to set up your charts. You can read it and, more importantly, use it to make money in this video will cover the indicators that you need to have on your chart as well as how to find support and resistance so you can make the best trades. So this is it. This is the Candlestick chart. This is what's gonna be your bread and butter and your best friend when you're doing any kind of trading. This is ultimately what's gonna help you make money, and so is the very, very important tool. Now, if you remember early on in the course, I said that nobody can time the market 100% and that is completely true. But the Candlestick chart gives you the best chance of getting an idea of what's going on in the market based on prior history. And so this is known as technical analysis. This can get really, really deep in the weeds, and sometimes you'll see these charts were just lines and so much stuff all over him. It just looks like a painting almost, but you can keep it really simple, and that's what I want to do in this next few moments. It's just kind of show you guys some of the things that you can use basic tools to really facilitate trading and be able to get your feet wet without getting too technical and too crazy and just to over your head. Because even for me, sometimes there's just so much going on on some of these charge that it's hard to make sense of what's going on. So I just want to focus on the basics and show you guys some ways that you can set up your charts toe better read what's going on based on past history, as well as using support and resistance to kind of give you an idea of what's going to happen moving forward. So that way you could make better trading decisions. So this chart is on trading view, and this is one of the tools that I mentioned in prior slides that is really gonna be your best friend when you're gonna be trading any type of crypto currency. I pretty much always have trading view open as long as my exchange of choice. So right now I've got finance open. As you can see, I've got a couple buy orders. A couple sell orders actually, just had something that was purchased, and that was er X, which is the coin that I'm looking at on trading view. And so I kind of want to dive a little bit deeper into that and kind of use it as an example, because it's seen a lot of good growth. But it's also seen some lows as well. So I think it's really helpful to kind of analyze what's going on and use it as an example . So right now this chart is on a four hour view, which means that these candles or representations of every four hours so this last red one was four hours. The green one prior to that was four hours. The red one before that was four hours. You can basically see in the last four hours what this movements been doing and how this coins been behaving. And so you have to be really careful at which view you're looking at, because otherwise you could be on a one minute chart and you see something go down for a minute and you think, Oh, man, it's down. I need to buy right now and then you buy it and then shoots down even more. And you've lost money because you're on a one minute view. You're not getting enough data because it's such a short time frame, so I typically recommend, at the very minimum to use a one hour window. And so right now we're on a four hour window. Let's go and switch to a one hour and you'll see this chart will change. And so you see these triangles here? It's what they're called. They changed and it looks a little bit different. So let's just do that one more time. So this is the one hour. This is the four hour. So those look like completely different charts. It tells you a lot of different things. Now let's try a one day and see how this changes boom. So all of a sudden it look, you can see this huge, huge leap in that day. So, like I said, it can be very confusing. So you want to make sure when you're trading don't go typically below a one hour I'm typically, if the markets a little bit crazy. I'm typically doing a to four hour or a one day chart when I'm buying or selling, because if you're doing anything less than one hour, you could end up losing money. It's a lot more of a gamble, so I recommend at the minimum, starting with the one hour if the markets doing really well and things were up. But if everything's kind of down and Bitcoins down and the markets not doing that well, which this will happen from time to time, shift to a longer duration, that weaken. Tell yourself a little bit more about what's going on with that coin and have a little bit better analysis of what's going on without making an impulse move or something that you think is a good bye but really isn't so. Just for the sake of this video, let's go and do a one hour, since that's what most people are gonna be trading on and we'll use this is kind of an example. So, like I said, this is gonna be trading view. This is gonna be your bread and butter. You can access at trading view dot com you can set up over here on the top, right corner coins that you wanna watch. So you just type those in and those will come up so you can see right now we're watching ZR X BTC So ZR X with a Bitcoin exchange rate. And so that's what we're kind of monitoring right now. And so this is gonna be our basic chart. But this chart isn't telling us everything that we want to know yet We want to add in what's called some indicators toe give us some additional tools on top of just this trading view Candlestick chart. So that way we can make better and more well informed buying decisions. So the free version of trading view is only going to allow you to have up to three different types of indicators. But that's gonna be more than enough for what we're needing for all of our day trading. If at some point you need to kind of fill that gap, I have some resource is available that I'll share later on in the deck to help you guys learn a little bit Mawr without having to pay for a premium trading view account so we'll cover that a little bit more later. But first, what we want to do is go up here to the top left and click indicators, and the first indicator that we're gonna want to add is called moving average exponential. We're gonna type moving average, and we can see it pops up here moving average exponential. So when I click this, I want you guys to watch the Candlestick chart behind me, and you're going to see this change a little bit. Sweat and click that. And if you noticed, it's kind of faint. But there is a thin little blue line that's now following along our candlesticks. And so what this is it's a moving average that's looking at a set number of candles, every set amount of time. So by default it's gonna look at every ninth candle. So it's looking at every night, candle and adjusting based on that to show you a moving average of what's happening. Now that's helpful, but we want to make this the best possible on it to monitor the best information possible. So we're gonna change this one, so go ahead and double click your moving average over here two inputs and we're going to change this 9 to 34. So, essentially, now this is gonna be looking at every 34th candle and making a moving average based on that data. So we're going to go ahead and click style. I'm gonna change mine to more of a royal blue. You don't have to have yours to be the same color as mine. But for the sake of the video, in the tutorial on when I'm talking about pink and blue for this video, it's probably gonna be a little bit more helpful to use the same colors. So I wouldn't make your 34 moving average blue just for the sake of learning. So we're gonna bump up the thickness of that just a little bit and then go ahead and hit. OK, so now we've got our 34 moving average set up. So it's looking at every 34th candle. We're gonna go ahead and go back up here to indicators we're gonna go ahead and do moving average again. Moving average exponential click that it's going to give us another thin blue line so we'll double click that this one we're gonna make pink growing bump the thickness of that up a little bit. Go ahead and click inputs. And this one, we're going to make 13 So we'll click 13 and then click. OK, so we've got our moving average for every 13th candle, and we've got our blue moving average for every 34th candle. So what? This is essentially gonna be telling us, and this is a great way for you to be able to learn visually about when is a good time to buy and when is a good time to sell is using these moving averages. And so the good rule of thumb is that when the pink is below the blue, that's when you want to be buying when the pink crosses the blue like here. That's typically when you want to be selling. So this isn't a hard and fast rule. You can definitely be buying or selling, no matter where the pink is in relation to the blue moving average. But just when you're starting out, it's a good rule of thumb to keep in mind that when the pinks below the blue use that as your buying opportunities and when it crosses the blue use that as your selling opportunities. I'll show you guys some ways that you condone trade in between those time periods, but it is a lot higher risk, so just keep that in mind. So if you want the safest way to be trading, that's pretty much a set way that you're gonna be making money and buying it good times when the pinks below the blue use that as a buying opportunity when the pinks above the blue use that as a selling opportunity. Now, when you are buying and selling, you kind of want to bring in the dollar cost averaging type strategy that we covered in earlier modules and the sense that you don't necessarily have to be using the same exact amount when you're buying or selling. But you want to be using a fraction of the amount you don't want to be going all in. So say you have one Bitcoin. You don't want to be down here. What's dipping by? You know, whole Bitcoins worth of this coin right here because then look, it went down and you could have got it at a way. Better price. You want to buy a little bit as it goes down and you want to sell a little bit as it goes up. So, for instance, right here, this pink is below the blue. So this whole period right here, it was a good buying period because that pink is below the blue. So instead of going all in, maybe it goes down here and you're watching and this is live. Let's pretend this is live at the time. Let's say you bought here. It goes down a little bit more you bought here. So maybe you bought, like, 1/10 of a Bitcoin or 0.1 of a Bitcoin. However much for using, maybe divide that into tense or 20th you know, use small amounts and by on your way down and sell on your way up. So this whole time we're buying, we may be by a little bit here. Maybe we buy a little bit here maybe by a little bit more here because it's a lot lower, and you're confident that this is most likely going to be going up. So right here we bought these three spots we bought here here, and then we bought a little bit more down here so we're watching. Boom. It starts to go up, but we don't want to be selling just yet. Theoretically, you could have been selling because you you bought down here so you could have been selling down here. But it's not higher than these other two buyers, so this would have been like a short trade that you could have done. And that was kind of what I was explaining earlier is, there's definitely times within this period when Pincus below the blue that you could still be selling. It's just higher risk because you don't know what it's gonna do. So let's pretend we didn't sell there. We bought. We still bought here, here and here. We're waiting for that pink across the blue. It's going up, up, up. We still haven't sold yet. We could have sold here, but like I said, it's still a risk because that pink still below the blue, you don't know with 100% certainty what it's gonna do. But you definitely could sell their and make profits. It's just higher risk. So we keep watching, were holding, holding if you notice these are all our. So this is a long time that's passing. That's one of the things with day trading. Crypto currency is that it is not an instant thing. There is gonna be a lot of waiting, and you could be buying something really low and you could be waiting hours or maybe even a few days, till it's a good opportunity to actually sell it and make money. And so that's why it's important to never run out of Bitcoin or ethereum or whatever coin that you're using to purchase, because you could be waiting for a few days till you actually get your profits. So we'll go back to this scenario. We're still waiting. We had bought their there and they're so waiting, waiting, waiting, Boom! It crosses. And so we sell here. So we've bought over here, here and here. Each of those three spots are below this area, so we're making money on every by that, we had we made money on every single one. So when it gets up here, I would recommend selling, but I wouldn't sell all of it. You bought it those three spots down here, but don't sell everything. Keep a little bit for yourself. That way you're incorporating both investing and trading, and you're keeping a little bit for the future. So you've make your profits. You take him here, you sell a little bit. They keep a little bit for yourself that you hold. And as this corn grows, you know, in the months and years, your that's investing, you're accumulating a lot more money, and you're essentially getting that that investment for free because you just profited. You bought here, here and here you profited. You kept some of your profits in the coin for the future, and you sold some your profits. And so you're investing in your trading. So you're making money and saving money to invest That way, this will hopefully accumulate and you make more money over time. So it's a good way in a smart way to trade is to not sell everything, keep a little bit that way. You're investing for the future, and then you're you know, later on, hopefully that turns into a nice little chunk of change. Say you had done that with Bitcoin and you sold a little bit along the way. But you kept some. Now it's up super high and you didn't sell all of it earlier. You're still able to keep some of it as it continues to grow and accumulate. You're making money off that initial investment. So same could be said for all these Ault coins. When your trading don't sell all of it sell a little bit, take your profits, but then go ahead and keep some for the future in case it does take off like Bitcoin does. You don't want to be thinking back and saying, Ah man, I wish I wouldn't have sold all that crypto currency. I wish I would have kept, you know, maybe 10 2050 of that coin because now it's worth $1000 each. That could be $50,000 all that was was a small, a little investment. But if you had sold it all, you would have missed out. Yeah, he made a little bit of money in the short term, but in the long term you missed out on the great growth potential that that coin had. So that's one thing to kind of keep in mind. Like I said, this isn't a hard and fast rule, but typically when the pink is below the blue, that's when you want to be buying, and when the pinks above the blue, that's when you want to be selling. So when you're starting off, that's what I would recommend is a rule of thumb is just followed the moving averages lines and use that as an indication of a good time to buy and sell. Once you're a little bit more familiar with trading, you can start to kind of buy and sell within that little room. So, for instance, right here this pink is above the blue. This is typically going to be a selling time, but you could theoretically be buying and selling during this time as well. So say it crossed over. It's up, up, up and then it comes down. You could theoretically, still by here, even though it's above the blue and it goes up and then you could sell here and you've made a little bit of money in a short trade. But it could have also done the opposite, and you could have bought here and it could have went down and you lost money. So that's what I'm saying is it's a higher risk, but there is the opportunity to buy and sell outside of these hard and fast rules of pink. Being below the blue is when you buy and pink being above the blue is when you sell. So just wanted to give you guys a few options as faras your risk tolerance. Once you get more comfortable, you could do those short trades, but in the beginning, I wouldn't recommend it. So that kind of covers the moving averages you can kind of see along this whole period. This could be kind of a period that you could have been been selling this whole time. But like I said, this has gone down a few times. You could have been making some profits here, but it's just higher risk. So I'd recommend, you know, starting off. Just follow the pink in the blue, use that as your base, and then once you get more comfortable, you can start kind of being a little bit more risky and doing these shorter trades. So now that we've covered the 13 and 34 moving averages, I wanted to go ahead and show you guys a tool that I use to help me trigger when it's a good time to buy and sell as opposed to the 13 and 34. And so you might be wondering, Ryan, why did you waste all this time showing us the 13 and 34 moving averages? If you don't even use them yourself? And the reason being is, this next tool will actually show you all of those details as well as additional tool that I like to incorporate into the mix as well called on rs. I initially I don't recommend having all of these different types of tools. Otherwise, you're gonna get super confused and you're not really gonna understand what's going on. You're gonna look at a chart, and there's so much movement in things happening that it's going to be really hard to follow. So what I recommend is when you're starting off just to the 30 and 34 that's why I wanted to cover it, because it's really simple, and it's really easy to follow it. You're literally just looking at pink and blue lines to tell you when to buy and when to sell. But once you get a little bit more comfortable with that, you could add in some of these other indicators, such as theme Acti, And then this 2nd 1 I'm going to show you is called the RSC, so it's going to add the Mac D and now, so we'll go ahead and go to indicators, and then we will type in Mak D. And so the Mac D is known as a moving average convergence divergence, which basically is a convergence, is when this blue line is going below this orange line in a divergence, as when the blue line is going above the Orange line. And so you might be wondering what these lines are exactly. Is it the same as the 13 and 34? While the blue line is a another type of moving average, it's a 12 and a 26 so it's essentially calculated by subtracting the 26 period moving average from a 12 period moving average, or 12 day, depending on which type of charter using. In this instance, it's an hour should be 26 hours from 12 hours, and that's how you get this blue moving average. The orange one is known as the signal line, and it's a nine period moving average. And so it's essentially your baseline, so this signal line will act as your base, and then you'll be following the blue line to decide when it's a good time to buy and when . It's a good time to sell so similar to the pink line up here with this other blue line. When this blue line is above the orange signal line, that's typically a time that you want to be selling when it crosses below this orange line . That's typically a time that you want to be buying. So the Mac D essentially tells you the same type of information that the 13 and 34 moving averages do when it's above the line you're selling when it's below the line you're buying . So the reason that I use this, as opposed to the 13 and 34 is trading you only allows you to have three indicators at once , and right now we're at that maximum number of three. So we've got our Mac D here at the bottom. We've got a blue moving average and then the pink moving average 13 and 34 so we're at three. So something's got to give somewhere. So if I can get pretty much the same data with the Mac D. I'm gonna go ahead and delete this 13 and 34 so we're gonna go and delete thes and we'll add those back in just a sec, and then we're gonna go ahead and go up here to indicators and we're gonna type in RS I And so what this is is it's the relative strength index, and so this will pop up at the bottom. And essentially, what this will do is it will tell you if a market is currently overbought or oversold. And so this is kind of your your play area, this little purple area. So if you notice here in the box, there's this little squiggly line and sometimes it will peak out. Sometimes. If you go back here, it drops below. And so what this does is the RS. I essentially tells you if the market is overbought or oversold. So any time that this little line goes outside of this purple box, that means that the current market is high and that the current prices overbought. And so that means it's, you know, people most likely foam Odin, they fear of missing out. They jumped in, and they just drove the price up, and now the price is gonna come back down. And if you notice that peaked popped up there and they wanted to do, it started to come back down, and you can see that here in the Mac D as well. The price started to come back down, and it dropped below the orange signal line. Same thing. If you scroll back here, it dropped below. Basically, what that means is it's oversold. And so a lot of people just liquidated that coin and it dropped outside of this rse box. At that point, it's oversold, so that's probably a good time to buy. And if you look at the Mac deep it is. It's a good time to buy. The blue line is below the orange signal line, which typically indicates it's a good time to buy. So what you can do is you can use this just as another means of telling what the state of the market is. As far as the trend goes, is something currently overbought, the price too high for the given market. Too many people have jumped in, and that's probably going to come down or are you getting a good price. Is that a great time to jump in and get something? And in this instance yes, it would have been say you. It's it pops down here. You wait kind of Let it settle in as soon as it starts to come right back up. Maybe you buy a right inside this box and then boom, you can see this popped up the Mac D You can see that jumped up If you look at the triangle that jumped up and that was a good time and you would have made some good profits there. And so this is just another way for you to be able to analyze the data, get a little bit more insight in the market and see when's a good time to buy once a good time to sell. Am I jumping in at the wrong time? Is this overbought? Is this oversold? Because when you're doing day trading, you can never have too much data. And so this is typically my set up when I'm looking at charts on a daily basis. Got my Mac D up. I've got my RS I up and then I'm evaluating what's going on and using that to guide my trading decisions now, Like I said, I recommend initially, Don't worry about the RS. I too much You don't even have to worry about the Mac D right now. Just focus on the 13 and 34 moving averages. That'll tell you pretty much everything that you need to know. Then once you get a little bit more comfortable, you can remove the 13 and 34 ad in the Mac D Add in the R S. I and you're gonna be in a really good place to be successful trading. But in the beginning, just keep it simple. Focus on the 13 and 34 you'll be good to go now. I wanted to get into something that's a little bit different, but it's really the foundation of trading, and that is support and resistance. So we've covered what support and resistance is in previous slides. But now I wanted to really get in depth and kind of show you guys what you can learn from support and resistance and how you can use those as tools to infect your buying and selling decisions. All right, so let's use this most recent area of zero Rex as our support and resistance. So we can kind of see what's going on. So you can see right here Let's focus on this area right here. We can see some clear triangles and they're coming up and down and up and down. But you can kind of see an imaginary line where these candles aren't really crossing. I dont know. Can you guys see the support line? Well, let's go and click this trend line over here in the top left, and I'm actually gonna go ahead and draw a support line. We're gonna do this. One is yellow. You can do this. Any color that you want. I just typically use yellow just That's how I learned. And that's kind of what I've incorporated in my trading. And so that's what I'm familiar with. The feel free to use any color so you can see here. This is a very clear support line. Basically, as it's gone up, it hasn't crossed this barrier. This is the east of Port Line. This is the very, very clear line that you know you have room to play with and you can kind of watch. It follows the same trends. So once it popped up here over the support, it went up and it's come down and it goes, almost touches. It goes up a little bit down and then up and then down and then up and then down and up and then down. But you can see it never really crossed this line. So this is our support line. So now let's screw out here a little bit and see if you guys can see the resistance line. So we're gonna select our trend line and we'll do read for this one because it's resistance . They're fighting and you can see up here. This is our resistance line. So this is the area that we really have to play with right now when we're trading. So you want to be buying when it's closer to the support line and you want to be selling when it's closer to this resistance line, because when you look at the historical data of this chart, it's traditionally gone up this high and is traditionally fell to this low. Now it can pop out of resistance or drop below support, and that's what you really want to watch and be careful with. So right now we know that we can kind of play in this area. Right before we recorded this video, I placed a buy order down here. And so I'm down here right now that I bought. Well, if you notice it started to kind of come back up a little bit and it's come down a little bit, but most likely it's going to rise up, and it's gonna rise somewhere in between this area. And so then, at that point, I can place a sell order and I can sell up here and then I've bought down here. So I've made money. So this is still within this region of support and resistance. And so that's when you were wanting to typically use that to inform your buying and selling decisions, is looking at clear support, resistance and trading within that window. Now supporting resistance will change. It's not always gonna be the same, and so let's scroll back a little bit and we can see if we can see our previous supporting resistance and where that was and so right here you can kind of see this was previously the support, so let's go ahead and do another trend line. Gonna change this one. A yellow again. We're gonna draw our previous support line. We'll move this down just a little bit. Here we go. So this was our previous support line, so I wasn't falling below this area and it didn't stay in this area too long. But then you notice here, it's popping up. And then right here, let's just go ahead and move this over. This is actually let me go into strong another line here. And so this previously was our resistance line. Say you look back. This was our This currently is our support. And this up here at the top is our current resistance now. Previously, this was resistance and this was support. So you can see it was falling here and it wasn't, you know, it wasn't touching above this area. It had always stayed within this area. So back here it stayed below this resistance. It fell down to support, popped up, popped up. But then look here, Boom. It broke through resistance. When a coin breaks through resistance, it's going to go up. So it broke the resistance. And what did it do? Boom. It went all the way up to here, and then it kind of fell back down, and then it went up, and then it fell back down. And then now it's playing in this support and resistance area. Now, one of the things I don't know if you've caught on here is the previous resistance is now our current support. So that happens very often. So when we were previously, we would have been trading in this area. But as soon as it popped through this resistance, we knew this was going up. And so it goes up. And at that point, the previous resistance is now the current support. And so the most recent support and resistance is the most important one to pay attention to . Because, as you can see, this changes. You don't want to just be looking at the historical data because it's not going to give you the whole picture. So say you look at this previous support. If you're playing off of this one and you're trying to place a buy order down here, it's never gonna fill because the coins going up you have to be played paying attention to this resistant or this support and this resistance same goes for this one. So right now we know this is our region that we have to play with. This is our recent support. This is the one that we want to be paying attention to. But if at any point this drops below this support line or this goes above this resistance line, we know that this is gonna be going up or what? This is going to be going down. And then at that point, we have a new support and resistance that we need to draw and watch. So your most recent support resistance again, is gonna tell you everything that you need to know. That's the one you need to be paying attention to. So when I'm trading and if there's a specific corn that I want to be watching, I'll go back a little bit and I'll just draw support resistance lines and I'll watch and then I'll draw my current ones. And then I know this is a current area that I have to play with this forest my buys and sells. The last one is gonna be the one that you're really gonna be paying attention to. But you need to watch to make sure that it isn't pop below or pop above, because then you might be buying at a bad time or selling at a bad time. So say it. It goes over here and you bought and it goes. It falls down. You know what? You want to kind of wash it at that point because then that might be a good time to buy even more. But say you you bought down here and it's going up, up, up, and then it gets to the line and it pops over. You want to start getting into sell mode because you know that this is about to go up and you want to be selling When it's up, you don't want to sell to early when it's down here and it hasn't even hit resistance. You wanna wait for it to break through Once it breaks through, then you want to sell because then you're gonna make more money. And so remember, though previous support resistance lines were helpful to kind of give you some insight, but it's going to be the most recent support resistance that are going to tell you everything you need to know, So hopefully that makes support resistance a little bit more clear for you. I'll go and use just another example so we can kind of use this in practice. You guys can kind of understand what a good support resistance is. So let's go to I c. X and hopefully at this point you guys were kind of seeing some clear supporting resistance lines. Let's go ahead and and go up to our trend line and we've got yellow for our support. And so now this one we're gonna draw are supporting resistance. So this was one down here below this. This was one here. This one is right here. And so you can kind of see this is our areas that we have to play with. So let's go into our resistance. So right now, this one's a little bit harder to read, and sometimes they will be like that. It's not as clear. So with crx, it was very clear you could see it popping down to here, But with icy X, you can see it Hasn't you know, there's kind of ah ah, hard area that it's not as easily defined. What support resistance are the resistance obviously is very clear. You can see that here. But the support, you know, is it Is it here, or is the support up here exchange that's yellow? Or is it right here? So what would you guys think? Which is gonna be your support? I'm thinking it's gonna be this one right here, because you can see these candles. They're always following to kind of the same spot. This one's hard because this hasn't moved a lot in the last hour or the last to you hours. There's not as much data as with CRX. Zero Rx has bounced around quite a bit, so it's a lot more clear where the clear support and resistance are. So it's not always gonna be really cut and dry. Sometimes it will be a little bit difficult. So I recommend going back a little bit and just drawing your supports, drawing your basis and then drawing yours your resistance and using that to inform your buying and selling decisions to kind of help you get a clear picture of what the most recent one is. So we started down here. We drew our support or our base. We moved up. We drew this one. This one was a very small one. This was just a a base for a very short time. But this is the one that we're really gonna be wanting to play with here. And this is the region that we can kind of expect to buy and sell is is this area here? But remember, we want to be paying attention to if it breaks out of resistance or falls below support that will. We don't buy or sell at the wrong time. But that is pretty much support and resistance. And I hope that between the moving averages and the Mac D and support and resistance that you guys now feel a lot more empowered to jump in there and start trading. Honestly, these air the tools that I'm using every single day. There's people out there that draw crazy lines and trend lines and everything all over their charts. But really, if you want to just make it super, super simple and really make it easy to make money, follow the moving averages. Follow the Mac D, draw your support, draw your resistance and trade within those windows, and you'll do great and you'll make some good money and have a lot of fun. I'm telling you now, it's extremely addicting and it's a lot of fun, and you're gonna probably scare your friends and family and significant others by just staring at charts all day. But it becomes very addicting, especially once you start making profits. But that's kind of the very basic foundation of trading. Like a pro is using support, using resistance, using your moving averages and using the Mac D. Those were the tools that I'm using every single day to make my buying and selling decisions and to make money. And I hope that this was helpful for you guys before we leave this video. I just wanted to show you one other tool in trading view that I found to be very, very helpful that I mentioned earlier that can kind of help to fill the gap of not being able to use all these different tools and pay for a premium version of trading view. And that is called trading view recent. And so I will include a link to this in the pdf. But essentially what this is is trading view. In addition to just being a charting platform for your own individual needs. It's also a social network where you can follow other people and you condone you their charts and the things that they're drawing because they condone, draw a chart and share it with their followers and say, Hey, this is what's going on right now. This is where I expect things to go. And so these air gonna all be a little bit different because thes air all individual people with their own individual analysis. And so you see here this person Bitcoin the legend Bitcoin will be hitting $1300 said they're projecting where it's gonna go. This one's kind of following the same trend, but they're projecting a downturn on this one, and they're projecting an upturn on this one. So one of the things that you can do is you can kind of you these, and you can click into them and actually read This person's charted. So a lot of times they'll have a caption for kind of what's going on in this chart. You can view comments that people have less comments to get other people's inputs on their charts, so it's a really cool and interactive way to learn without happen to do all the charting yourself. And so it's a really, really valuable tool within trading view that allows you to kind of see what other people are posting without necessarily having to chart it all yourself or toe have a premium version of trading view. And so, if you notice up here at the top this year or else is trading view Bitcoin well, if we highlight Bitcoin here, we can actually change this to another currency, and it'll show us the recent charts for that currency. So earlier we were looking at ZR X. So we changed Bitcoin to ZR X will hit, enter. And now what this is gonna do is it's gonna go ahead and show us the recent charts from people in the community on trading view that are charting ZR X and the potential pathways for this as a coin. So previously it was showing Bitcoin. Now it's showing ZR X. The other coin that we looked out was I see X so we could go up here to ZR X. We can delete that and hit I see ex hit enter and now we're seeing the trends for I see X so this is a really powerful tool to get some technical analysis and some potential options as far as the charts go without having to do it all yourself, I still always recommend using moving averages on your own and drawing your own support resistance that we could make your own buying decisions instead of just blindly following what these people are saying. But these also give you some supplemental information to help inform your decisions as far as you're buying and selling goes. So I'll include a link to the Bitcoin version in the pdf. And just remember, if you want to change this for another coin, you just go up here to the U R L Bar and you just change this to whatever you want. So by default it'll be Bitcoin. But you can change it to CRX. I see X or whatever coin that your trading. But I hope that this was helpful, and I hope that you guys now have a clear understanding of moving averages. The Mac D and finally support and resistance 10. Fundamentals of Day Trading: next up the fundamentals of trading. So once you have your charts set up and you know how to read it, it's time to actually start trading. At first glance and exchange can seem a bit confusing. So in this video will cover the fundamentals of trading so you don't miss out on a great trade. So we've covered a lot of ground. Now we've learned about all coins we've learned about Bitcoin. We've learned about how to transfer your money to buy an answer, coup coined, actually purchase those We've learned about charts and how to read them and how to use them to help influence our buying and selling decisions. But now it's time to actually look at the exchanges themselves. So we've talked about him. But we haven't really taken a look at the different components of an exchange, and at first glance, just looking at an exchange, it can be a little bit overwhelming. There's a lot of things moving really quickly and numbers changing really quickly, and it's kind of scary to jump into the first time. So let's go ahead and break down just the components of an exchange. That way, you guys, Fillmore comfortable when you're going into actually placing your buy and sell orders. So this is by Nance here. I've also pulled up coup coin as well, so that way we can use both as an example, So you guys can see kind of how both of them work right off the bat. One of the things I wanted to point out with coup coin is that they actually, if you notice here in the bottom left corner, their charts are used by trading views. So basically, Trading View has submitted their charts to cook on using their A P I and COO Coin is pulling those in and using trading views charts on their exchange, so their charts are going to look really familiar. If you've been using trading view to read any of your charts, we'll go ahead and go back to buy Nance for the sake of this video right now. So looking at the by Nance charts, they're definitely not as pretty as the ones that you see on KU coin or trading view. But they get the job done, and I actually like trading a lot on Finance. Finance actually has an advanced version of their exchange. That's very similar visually to what's seen on KU coin. But I found it to be pretty memory intensive, especially on chrome. But if you did want to access that and use that, you can go up here to exchange at the top, and then you just go and click advanced. So here is the advanced version of by Nance. As you can see, it looks really similar to the same type of interface that you see on Ku Coin, though it doesn't use the trading view charts, which is one of the big selling points in my opinion of coup coin. But you've got all the same type of information on the right hand side, and then in the bottom right corner you can buy, you can sell. You can do your limit orders in all of that kind of stuff. But overall, like I said, it does run a little bit clunky, at least on my computer on Chrome, and I have a pretty high end. Mac and I also have a high end PC as well, and it tends to run a little bit sluggish on both. You can see it's kind of stuttering here, but I tend to use the basic version, but feel free to use whichever one works best for you. But back on the basic version, you can see here at the top you can adjust the view window. So right now we're looking at a one hour. You can look at a 2468 12 You can look at the one day and you could see that these will adjust as you go. You can also scroll in and out on the charts to kind of adjust zoom and you can really kind of set this up to be how you want it to be the same that you can on trading view. Let's go and look at some of the components of the chart itself. On the left hand side here, one of the first things that you're gonna notice is that this whole Red column is gonna be all of the sell orders. And so these are actually live orders of people that are selling Cryptocurrency right now. And if you look down at the bottom, this is the green orders or the buy orders. And this is where basically people are submitting bids to buy the cryptocurrencies at thes given prices. Now one of the things that you're gonna notice as that there is a little bit of a discrepancy between the by and the sell orders. For instance, this one's at 81 90. This one's a 81 92 so there's a little bit of a difference between the two, and that's completely normal. Sometimes that difference will be very large. And the reason for that is because there's different types of people placing different types of orders, whether it is a limit order or a market order, and we'll get in tow what that is in just one second. But basically I just wanted to show you the kind of differences between these sections and kind of explain the very basic fundamentals. And then we'll actually get into the different types of trades in different ways that you can use these exchanges to help with your buying and selling. So these are your sell orders. These your buy orders. This is where you actually place your BIS and so you can place limit orders, market orders or stop limit orders, and we'll come back to that in just one second over here on the right. This is gonna be basically where you can view all the different types of cryptocurrencies, and you can view them by either their change or by their volume. Right now, these are some of the ones that I have favorited. But you can easily click BTC and you can search. Um, let's see ZR X. We keep using that as an example. You can search for that one. Or you can search ethereum e th so you can use the search box and search for any of those different pairs. But I just a lot of times I'm looking at my favorites because these are coins that I'm watching fairly regularly and then here at the bottom, this is the actual trade history. So these air the open trades and this is actually the completed trades. So you can see right now somebody is offering to buy 81 90 and then now we can see some orders over here for 81 90 that had just gone through looking down, This is your open orders tab. So if you have anything that's pending as far as a buyer, a cell, it's gonna show up right here. So right now for I see X it's currently at 81 95. So I have a sell order up right now for 8400. So that basically means the prices that now it's already gone up. 82 01 If it reaches 8400 it's gonna go ahead and sell the 16 I see X that I have listed right now. Same goes for I on I have it. Set it 4700 for 50 of um, so right now, if we go to eye on is at 52. 15 at any point reaches 47 00 it's going to purchase that 50 i on forming right there. So these are limit orders, and basically, what that is is you're basically placing a bet or a bid on a certain price point. And basically, once the price reaches that point, it will then buy or sell at that point. And so when you're going through and you're setting up your your charts and trading view, you're looking at your support. You're looking at your resistance. You can place a buy order at that support line and say, Okay, when the price comes back down to this support line. I want to buy X amount of this coin, and at that point, even without you watching or being here and live watching the trading actually happen when it hits that point, it'll automatically by that for you as a limit. Or now, if you did the other thing, which is a market order. Basically, what that will do is if I placed a market order right now, it will buy the corn at the current price. Whatever the current market rate is, sometimes you want to do that. Maybe a coin starting to go up and you really want to get in before it takes off. And you could just tell it's about to skyrocket and you could just go in and do a market order. That way, you don't have to worry about your limit order not getting filled because as you can see these, they're just kind of pending. I mentioned that in the last video. When we're talking about charting, is that a lot of times with Cryptocurrency, it's awaiting process. So right now I'm waiting for these coins to sell, and I'm waiting for these coins to buy and The nice thing is that I have the flexibility to do these limit orders. That way, I can kind of set. Um, I can forget him. I can go do other things. And when it reaches those levels and those thresholds, it'll automatically by yourself for me, which is really nice. But sometimes your order will not go through. Sometimes you put a low order, you think it it might go down and then you check back a couple hours later and the coin has skyrocketed in value. And most likely, you're you're by order isn't gonna be completed because there's a new support resistance at that point, um, it's not a sure thing when you place a limit order that your order is actually going to be filled for buying or selling. Ah, but at least allows you to place that order without having to watch it consistently and constantly be waiting for it to dip or waiting for it to break out of resistance or anything like that. And one thing that I wanted to note about trading that can be a little bit confusing and isn't always clarified with people when they're kind of explaining this is the differences between a Bitcoin price and a US dollar price. And so one of the things that could be confusing is when you're seeing a chart and you see OK, this is selling for $6.68. So basically, whenever the currency goes above $6.68 and I sell it, I'm gonna make money. And that's not entirely true. The value that you really need to be paying attention to is what's called Satoshi. And that's the Bitcoin value. So you can see right now this is 0.52 and then you This number is constantly changing, but basically 5200 Satoshi. That's the number that you want to pay attention to when you're buying and selling. Because that's the number that's gonna fluctuate. The U. S. Dollar amount will fluctuate, too, but you could be basing everything off the U. S. Dollar amount because the old man I bought this at, you know, 50 cents an ounce 60 cents I If I sell this right now, I make 10 cents. But in reality, you could actually losing money because of the Satoshi value could be different because thieve value is gonna change as the Bitcoin value goes up. So say Bitcoins at $10,000 Bitcoin a $10,000 thes coins were going to be worth something different in Satoshi even though they may still be the same dollar value. Or if Bitcoins $20,000 the Satoshi value is gonna change. But maybe the U. S. Dollar amounts the same. So you really want to be careful when you're trading that you're not paying attention to the U. S. Dollar amount? You want to be looking at your trade history and seeing what you bought something at in Satoshi or in Bitcoin and not what you bought it at us Dollar just wanted to clarify that, cause that can be a little bit confusing. Just because you're trading and it looks like you're up in U. S dollars doesn't mean you're actually making money. You could actually be losing money if you're not paying attention to the Bitcoin or a theory on value. So that is basically kind of the main functions of finance and and kind of the whole concept of how to use this. Another chart that I wanted to kind of go into really quick. In addition to the Candlestick chart is the depth chart. And so if you click up here at the top of his death, this will basically show you all of the buy and sell orders visually in this depth chart and so you can actually scroll up along the top here, and it'll show you all the different orders and where they're at. And if you notice there's sometimes there's really, really steep cliffs of things that are going up. And so what that is is basically that's a big order that's happened at some point in this buyer or sell order book. So, for instance, right here there is a sell order for 51 94. But then, if you go up, there's also one for 51 48 that is for a higher amount of money. Basically, somebody's buying a huge chunk of that, and you can also kind of see that visually here in the order book as well, So anything that has a higher number is going to kind of get this shadow or the shade on it . And that means it's a higher order, and those will typically take longer to fill just because it's a longer order. And so, for example, we couldn't go to the cell towers. Here, we'll scroll up. So here's one that's 1086.81. So that's how many coins this person's wanting to sell. You could see one below. This is 305 and then 3 80 So what's gonna happen to say? It comes all the way down here and it hits this 1 50? What's going to take a second to get through that 1 50 then boom, it's gonna shoot right up really quickly passed this three and this five all the way to this 3 80 It'll take a little bit about the 3 80 then we'll jump up to the 10 86. And so it That's kind of where these breaks are, is where these larger orders are is essentially kind of where the corners of this depth chart are. And so sometimes people like to use the depth chart as opposed to the Candlestick chart, just to kind of get a sense of where the market is overall, as far as what type of orders are out there, Is there a giant order that's ahead of mine? That may be means mine probably won't get filled because other people are gonna be putting lower orders in front of that one. So that can happen. So right now, for instance, there is this 3 57 Well, if we sit here for a minute and watch, some people will probably put further orders down that are cheaper than this 50 to 20. And I'll just keep pushing it down, pushing it down, pushing it down. Which means this person that's trying to sell a 357 it's gonna take longer for them to sell because people keep putting orders below them. And so this is a kind of a visual way to see that I don't use it that often, but it's kind of helpful sometimes if I'm wanting to see kind of what's the top that people are selling so you can actually see one of my sell orders up here? Is that 8400 and it's way back here, so that means it's gotta get through all of this to finally get to there. But this is live and it'll move and change pretty consistently. So right now it looks pretty bleak, like my order probably won't sell. But as the coin goes up, this path will become less steep because more orders will be put in there. And this will be more of just a gradual climb up to my order until it hopefully eventually cells. Let's go ahead and switch over to COO coin and you guys can see the difference is there. And so right off the bat, you'll notice that they have their Candlestick chart and their depth chart all in one window, which is very nice. I think that's a very convenient It's makes it way easier than happened to flip back and forth between the two. But like I said, I don't really use the depth chart too much, but it's kind of a nice toe have. So I like that coup coin has both of those visible, so you can kind of get a general overview of what's going on in the lay of the land without having to flip back and forth. You also get some of these same controls here, so you've got your moving averages. I've mentioned in previous video I don't typically use coup coin too much for my daily trades. I pretty much buy stuff here and just kind of hold it because it's a lot of the newer coins , and so I'm basically buying them really cheap and holding them to let them accumulate value . That way I can sell them at a later point, so I don't even actually have my chart set up for coup coin as far as my moving averages go . But if you want to, you can go in here into coup coin, just like we did in trading view. You can double click your moving average and change that, but like I said, I don't typically use it too much as far as my daily trade goes by mail using by Nance. But there's definitely value in having the trading view controls and being able to customize your moving averages with coup coin. I just prefer finance myself as far as a personal preference for day trading. So looking over here at the right, you can see it's fairly similar to buy Nance. You've got your sell orders here, and then you've got your buy or is here in green and that the bottom is actually where you place your orders, and so they don't actually show market orders or limit orders the same exact way that finance do. If you notice it says best price here and it shows the price and then you can pick your amount. That's essentially going to be a market order. Otherwise, if you list any other type of price, so say instead of using this current price that's there, you pick one down here. It's going to be essentially a limit order so they don't really break it apart. The way by Nance does as faras a limit order or a market order. It's basically just best prices, market order, and then any other price other than the best price is a limit order. So other than that, it's gonna be pretty similar. You see all the same type of information at the top. You can see that percent change and BTC you see what the last price was, what the current bid price is the highest price of the day in the last 24 hours, the lowest price, just like you get all that same information on finance. But overall, that's pretty much it. As far as the exchanges go, the big thing to know is just the difference between the market orders and the limit orders . Everything else is pretty much self explanatory as faras. Which side has cells? Which side is buys the trading history which coins reviewing etcetera. And then you're obviously you're you're open orders and your order history here. But I hope now you guys feel a lot more confident about actually coming into an exchange. Now that you've learned all the fundamentals of where to buy Hao to buy, you've learned how to read a chart. Now you're fully ready to come into an exchange, pick your price and start making your bids and start buying and selling Cryptocurrency so that we can start putting some money in your pocket. Congratulations. You have completed module three and this entire course. Hopefully, Now you can say that you have the knowledge and tools needed to invest and trade like a true crypto currency pro. When it comes to Cryptocurrency, things are always changing and always evolving. And there's always new coins and concepts toe learn about we highly recommend. Using the following resource is to stay up to date on what's happening in the world of crypto currency. The first is coin market cap. This is a great resource for finding out about the latest crypto currency market cap, A ratings charts and MAWR. It's also a great resource for just finding out about any type of coin that's out there. You can easily search for it and find their website and the white paper and basically all of the information that you would ever want to know about that specific coin. I use this as a resource daily. Next up is the crypto currency Subreddit that contains open discussions on basically all subjects related to crypto currency and crypto related assets. You can find that on the Cryptocurrency subreddit and finally, last but not least, my twitter handle where I discuss all things crypto currency, including videos, news, coin trends and mawr. It's basically nonstop flood of Cryptocurrency analysis and news and everything that you could ever hope for. So if you want to give me a follow, their I would greatly appreciate it. But thank you again for purchasing this course. Please feel free to reach out to me any time on Twitter with any questions that you may have, and I hope to trade with you very soon.