What is trading/investing?

Step 1: Watch the Tutorial

To get started, we recommend watching our step-by-step video tutorial below at the end of this article that guides you through the entire process of trading on X4T . This video is easy to follow and provides clear instructions on how to use our platform to trade cryptocurrencies. The goal is to make sure you feel confident and informed before starting your trading journey.

Step 2: What is Trading/Investing?

Before diving into trading, let's clarify what it actually means to trade or invest.

- Trading refers to the buying and selling of cryptocurrencies, usually with the goal of making a profit. It typically involves more frequent buying and selling, often taking advantage of short-term price movements. For example, trading on X4T could mean buying Bitcoin at a low price and selling it when the price rises.

- Investing , on the other hand, is about purchasing a cryptocurrency and holding it over the long term, expecting its value to increase significantly over time. It is less about the short-term fluctuations and more about the bigger picture. On X4T , you can invest in stable cryptocurrencies like Bitcoin or Ethereum , which are considered strong long-term assets.

Whether you prefer trading or investing, X4T offers a secure and accessible platform for all experience levels. We believe that understanding these concepts is crucial to help you make informed decisions.

Step 2.1: How Much Do You Need to Start Trading?

A common question many people have when starting their crypto journey is: "Do I need to have $70,000 or the current market value to invest in an entire Bitcoin?" The answer is no. Just like buying stocks, you do not need to buy an entire unit of a cryptocurrency. You can buy fractions or percentages of a Bitcoin or any other cryptocurrency.

For example, if you want to invest a smaller amount, you can purchase a fraction of a Bitcoin , such as 0.001 BTC . It’s similar to buying a portion of a company's stock rather than the whole company. This flexibility allows you to invest only as much as you are comfortable with. Once you acquire the crypto, you are the sole owner of that asset and can decide what to do with it – whether you want to hold onto it, trade it again, sell it, or use it for something else.

This means you can invest according to your own budget, whether small or large, and gradually grow your wallet at your own pace.

Step 3: Summary of Trading and Investing

Let's summarize the key differences between trading and investing:

Trading is short-term and aims at quick profits from price changes. It requires frequent market monitoring and action.
Investing is long-term and focused on building value over time. It is generally more relaxed, as you hold on to the asset for a longer period.
Fractional Investment : You do not need to buy an entire unit of a cryptocurrency. You can purchase fractions of a coin, making it accessible to anyone, regardless of their budget.

Both options are available on X4T and can be customized to fit your financial goals. Buying and selling Crypto on X4T is an easy an straight forward process, as shown in the video above. Remember, understanding your own risk tolerance and goals is key when deciding between trading and investing.

Step 4: A Practical Example

Imagine you decide to use X4T to trade or invest.

Trading : You buy Ethereum on Monday when the price is low, intending to sell it by the end of the week if the price increases. You monitor the price changes daily, and on Friday, you see a 10% increase. You sell your Ethereum and pocket the profit. Done! Now you can repeat the process with more currencies as you please.

Investing : Alternatively, you decide to invest in Bitcoin . You purchase Bitcoin in January and plan to hold it for the next few years, believing in the long-term growth of the cryptocurrency. By holding onto your Bitcoin through ups and downs, your goal is to benefit from significant growth over the next few years. Some people just wish to trade their own currency like GS or USD into Bitcoin to protect themselves from inflation - everything is possible with crypto.

No matter which approach you take, X4T gives you the tools you need to execute your plan seamlessly, with a user-friendly platform that caters to both beginners and experienced users.

Step 5: Next Steps

- Open an Account with X4T : If you haven't done so already, open an account with X4T to start trading or investing today. It's free, and the registration process only takes a few minutes.
- Learn More About Risk Management : Visit our risk management guide to understand how to protect your investments and make informed decisions. Knowing how to handle risks is an important part of both trading and investing.
- Start Small : We recommend starting with a small investment or trade to get comfortable with the platform. This way, you can learn without taking on too much risk.
- Stay Informed : The crypto market is dynamic. Keep an eye on market trends, and don't forget to use the educational resources provided by X4T to keep learning.

Trading and investing in crypto can be exciting and rewarding. With X4T , you have all the tools you need to make informed decisions and succeed on your journey!

How do I trade/invest on X4T?

Using the Trade function

Trading cryptocurrencies can seem complex, but at X4T, we make it straightforward and secure. This guide will walk you through the process of trading on our platform. Whether you're a beginner or an experienced trader, these steps will help you execute your trades efficiently.



Log In to Your Account

To start trading, you need to log in to your X4T account. Enter your credentials on our login page. If you don't have an account yet, please refer to our guide on setting up an account.

Navigate to the Trading Interface

Once logged in, navigate to the " Trade " section of the platform. This is where you will conduct all your trading activities.

Select the Asset You Wish to Trade

In the trade window, you will find two key fields: "You Pay" and "You Receive."

You Pay Field : Here, select the asset you want to trade and specify the amount. Your total balance for that asset will be displayed. You have the option to trade the entire amount by clicking on the displayed balance or enter a different amount manually. The equivalent value in USD will be shown for your reference. The minimum amount for all trades is the equivalent to 3USD (Displayed by 3.000USDT).

Choose the Asset You Wish to Receive

You Receive Field : Next, choose the asset you wish to receive in exchange. The platform will display an approximate amount of what you will receive, as well as the minimum amount you can expect. This information helps you make informed decisions about the trade.

Confirm and Execute the Trade

After selecting both assets and confirming the amounts, click on the "Trade" button to execute your transaction. The platform will process your trade. This could take 20-60 seconds and then the assets will be updated in your account accordingly.

Updated on: 05/11/2024