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Today, foreign exchange market is one of the most liquid. Its daily turnover is of billions of US dollars. You can trade at home just as easily as anywhere around the world. All you need – is access to the Internet, a computer (laptop or mobile device) and a downloaded trading terminal.
Cryptocurrencies are the most volatile asset class in financial markets. Therefore, it is important for traders to track cryptocurrency quotes in order to find the most powerful trends, attractive entry points to the market, as well as profit-taking levels. In addition to the standard set of price levels (opening, closing, maximum and minimum prices per day), changes in prices per day and week are also important. These factors significantly affect the development of trends and indicate the direction of market movements. Trading volume and current market capitalization can affect the inflow or outflow of investments in cryptocurrencies, which can cause a significant change in quotes.
Types of cryptocurrency quotes
The total number of cryptocurrencies reaches almost 3,000 items in the middle of November 2019.
The most common cryptocurrencies :
Bitcoin Cash (BCH);
Most often, cryptocurrency quotes indicate the current value expressed in US dollars (USD).
Thus, so-called cryptocurrency pairs arise, for example, BTC/USD. Traders and investors interested in trading cryptocurrencies through alternative traditional currencies such as the Australian dollar, Euro or Japanese yen will track other cryptocurrency pairs:
In addition, there are so-called cross-rates, when they indicate the value of one cryptocurrency relative to another.
The most popular cross rate is :