Cryptocurrency trading involves buying and selling cryptocurrencies for profit. If conventional currencies have a foreign exchange (forex), cryptocurrencies have their own digital currency exchange where people can engage in trading coin. Unlike the traditional stock exchange that closes at the end of the day, cryptocurrency trading is a 24-hour market.

To start trading, people need to choose a cryptocurrency wallet and a cryptocurrency exchange to trade on. There are about 1,500 cryptocurrencies in existence, but beginners are advised to start trading in prominent coins such as Bitcoin or ether to minimize losses in the extremely volatile cryptocurrency market.

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