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What Is Trade?
Trading involves strong participation in the financial markets compared to investing, which works on a buy and hold strategy. The success of how to trade crypto depends on a trader's ability to become profitable over a period of time. A trader is a person who is involved in buying and selling financial assets in any financial market. It can buy or sell either for itself or on behalf of another person or institution. The main difference between an investor and a trader is the duration of his or her holding the asset. A trader is a person who engages in the short-term buying and selling of equities either for the institution or for themselves. The disadvantages of the crypto trading way include – capital gains taxes that apply to trading and fees for paying brokers in the form of double commission rates. Trading is the buying and selling of financial instruments for profit. These instruments range from a variety of assets that are financially valued up and down – and you can trade in the direction they take. You may have heard of stocks, stocks, and funds. But there are thousands of financial markets that you can trade, and a variety of products that you can use to trade them. You can gain exposure to markets as diverse as the S&P 500, the FTSE 100, global currencies such as the US dollar or the Japanese yen, or even commodities such as lean pigs or cows. To get started, you will need to create an account on a platform that offers this market. Our online trading platform has a wide range of financial markets that allow you to speculate on whether the price of an asset will go up or down. Plus, we've compiled a Trading guide for beginners to help you get acquainted with the different markets.Crypto Trading: Definition, How to Trade, and Crypto Trading Apps
What is Investment?
Investing is a long-term approach where the goal is to gradually build wealth over the long term using investment schemes such as mutual funds, buying and selling stock portfolios, bonds, baskets of stocks, and more. Unlike trading, investments are held for years and decades with several perks such as interest, dividends, stock splits, and more. In addition, in investing, the risk of downtrend and market fluctuations is excluded because there is always an expectation that prices will surge, and since it is a long-term investment, investors do not need to worry about a particular downtrend as it will last for a shorter period. Investors pay more attention to the fundamentals of the market and not the upward or downward trend that changes daily. Market fundamentals such as the Price to Earnings ratio (P/E Ratio) are the main concern of investors in the long term.What is the Difference between Trading and Investing
There are several differences between Trading and investing, but the most popular differences are the investment approach and the time involved.
Investment Approach between Investment and Trading
An important difference between investing and Trading is the type of approach involved in both methods. In investing, investors use the fundamental analysis of the company, and in Trading, it involves technical analysis. Fundamental analysis involves analyzing a company's finances, a company's previous financial records, an analysis of the industry on which the company is based, and the overall performance of the industry based on the macroeconomic situation in the country and its results. Technical analysis is an everyday financial trend such as a company's performance in numbers based on uptrends and downtrends in the market on a daily basis. This requires Traders to study the company carefully and daily as it makes financial decisions and is reflected in charts and figures in the stock market. This data helps Traders to make significant predictions of changes and involves studying trends in volume, price, and moving averages. Traders need to act dynamically and buy or sell based on the current trend while investors study the company carefully, invest in it and hold it for a longer period of time to make profits with lower risk.List of the Best Crypto Trading Platforms in Indonesia and Internationally
Time-Based and Risk-Based Differences between Investment and Trading
There is a time difference involved in both market-based money investments. Investing involves studying the company carefully and holding it for a longer period of time in the hope of returning profits in the long run; This type of investment involves lower risk and may result in small profits but is relatively safe against market trends. The classic example of "investment" is mutual funds and involves lower risk and smaller returns. Another example is a bond or a basket of stocks for a long holding position. Time frames can range from year together and are less dynamic. Trends in the market that last for shorter periods make no difference to investors. Trading closely studies companies in order to predict future changes where they can earn better profits. It is a short-term investment and can involve buying and selling in a single day, week, or month based on market conditions. This is a high risk-reward ratio because the market is volatile, and one wrong decision can incur huge losses. The classic example of Trading is the basis of the stock market, where Traders buy a certain number of stocks when the price is low and sell them when the price is high to make a huge profit. This time approach not only allows traders to make quick transactions but also earn more compared to long-term investors.How to Trade Crypto on GIC
There are many different approaches when it comes to how to trade cryptocurrencies. To start trading cryptocurrencies, it is first necessary to have adequate knowledge of the subject. It is also important to be aware of the associated risks and laws that may apply based on one's jurisdiction and that decisions should be made accordingly. Here's how to trade crypto on GIC:Sign up for a cryptocurrency exchange
You should open an account with a crypto exchange unless you already have cryptocurrency. The best crypto brokers on the market include Coinbase, eToro, Gemini, and GIC. These four services have easy user interfaces and a wide range of products to choose from. To open an account with a crypto broker, you must provide personally identifiable information just like you would with a stock broker. When creating an account, you must submit your address, date of birth, and email address, among other things, known as Know Your Customer (KYC) requirements.Crypto Trading Signals: How They Work, How to Read, Types, and Examples
Fund your account
You will need to connect your bank account once you have signed up with a crypto broker. Most cryptocurrency exchanges accept bank deposits via debit cards and wire transfers. Wire transfers are usually the most cost-effective way to top up your account.Choose a crypto to invest in
The majority of cryptocurrency traders put their money into Bitcoin and Ether. You can also choose a coin from GIC, namely GICT. However, trading using technical indicators is possible because these cryptocurrencies move more predictably than smaller altcoins. Many cryptocurrency investors put some of their money into altcoins. Although riskier than large-cap cryptos, small-cap mid-cap cryptos have more significant upside potential.Start trading
You can try automated crypto trading with software like GIC Trade, GIC Social Trade, GIC Signal, and GIC Academy if you're looking for a crypto trading strategy. You can make money quickly, store your coins, or diversify your portfolio with crypto auto trading, which can provide you with conservative, neutral, or aggressive ways. You can even actively explore cryptocurrency trading on some sites while automating trading on others.Save your cryptocurrency
If you are actively trading GICT, you must store your funds in the GIC app to access them. For example, you should use GIC Wallet if you are buying GICT cryptocurrency for medium- to long-term storage. Software wallets and hardware wallets are two types of cryptocurrency wallets. Both are secure, but hardware wallets provide the most protection because they store your cryptocurrencies on physical devices that are not connected to the internet. By knowing what trading is, this time we will learn what products can be traded. You can use several instruments such as Gold, Forex, Commodities, Stock Indices, and also Crypto. You can start trading all of these products on GIC. Through the GIC Trade feature in the GIC app, start your trading with a wide range of GIC advantages. If you want to trade crypto, you can also do it through the GIC application, Primadax, and also the Indodax platform. To start trading on GIC, make sure to register first on the official website. By registering, you can trade with capital starting from 150,000 Rupiah. In addition to trading, GIC also has other products such as GIC Academy, GIC Bridge, GIC Verse, GIC Affiliate, GIC Social Trade, and GIC Signal. Each of its features has its own advantages over other platforms. Download the GIC app to enjoy all its features!
