Inside Look From Those Earning a Living Off It

In its most basic sense, cryptocurrency trading can be compared to forex trading because it allows enthusiasts to purchase digital assets using fiat currencies.

In their report, the researchers were able to establish a clear correlation between the search activity of crypto enthusiasts in relation to BTC and ETH as well as their active trade values.

Cointelegraph got in touch with Bitcoin investor/trader Cryptomelette, whose trading track record so far has been stellar, according to his claims.

"There are quite a few traders and commentators I follow and look up to but CryptoCred, VentureCoinist, FilbFilb come to mind as standouts - not only for their unique and insightful commentary on the market, but also their integrity, which is often in short supply in the crypto world. I never copy anyone blindly, and ultimately I make my own trading decisions which are often at odds with traders I respect."

Adaptability and dynamism are essential to trading successOn the subject of continued success and how one can make a living playing the trading game, Cointelegraph also spoke with CryptoYoda - a Twitter analyst - who in no uncertain terms told us that, in order for a person to succeed in this field, he/she has to dedicate a lot of time and energy to learning the craft.

Get with the times: Learn to trade so you will be ready when the era of investment enters its golden age.

Talking about the most common mistakes he made during the early part of his trading career, CryptoYoda was quick to note that the times he encountered the most financial uncertainty was when he failed to stick to his pre-devised plan of action.

On the issue of future-proofness and how one can stay abreast with all of the latest events in the world of crypto, Cointelegraph also spoke with Nicola Duke - an independent digital currency specialist who teaches her trading methods via her online Strategy Group.

The decisions are your ownTo conclude, it bears mentioning that most successful day traders seem to be making use of a variety of techniques but specialize in one or two fundamental trading methods.

"It's difficult for new traders to discern between quality analysts and amateurs in this space because the amateurs are often so good at marketing an appearance of knowledge. They tend to give the new traders exactly what those new traders think they want rather than real, actionable analysis."