There are several websites that can help you to be up to date in the cryptocurrency market.

But the one I find convenient and detailed is the popular COINMARKETCAP.

Coinmarketcap is a site that details every relevant coin that can be exchanged.

For a currency or an exchange to be listed on Coinmarketcap, they must verify it and go through their acid test.

The coins are listed in descending order of their market cap.

There are several options, which include all:

• altcoins
• tokens
• 24hrs volume ranking for currencies and exchanges
• top gainers and losers, etc.

Filters available on Coinmarketcap also include:

• the base currency (USD, BTC, ETH, XRP, LTC)
• 24hr Volume
• circulating supply
• 24hrs percentage change
• 7-day price graph, etc.

To choose an exchange to trade with, it is best to do so on an exchange with high interactions (volume).

To make this easy, you can click on ‘Trade Volume,’ and a drop-down menu appears.

On the menu, select ‘24hrs Volume Rankings (Exchange).

I won’t go into many details here as this isn’t the primary target of the topic.

To know more about this, read Binance VS Bittrex.

Here’s a short and ultimate guide on using the site to find good buy or sell opportunities.

1. Get to the site and look at the top coins.

I prefer to work with the first 100 coins listed.

If one interests you, click on it and check the markets it trades.

If it has just one exchange or, worse, one exchange that nobody knows – if it had a big rise, then it could be just a pump and dump.

I would ignore coins from unknown exchanges.

2. Check the coins that lost the most.

Use the filter ‘Change (24hr)’. This will filter the first 100 coins according to their percentage gains (descending order) or losses (ascending order).

Filter it to ascending order of percentage change by clicking ‘Change (24hr)’ twice. Change the base currency to whichever suits you.

The coins that have many exchanges and are also listed in point one with no super bad news are most likely investments that will soon rise again.

The ones with a low volume of like 17 USD will likely flop.

3. Open the coin and check the chart

Filter the chart to a seven (7) days chart. In the picture above, we have a chart of Horizen (ZEN).

On the chart, you will see three colors – green (USD), blue (Market Cap), and orange (BTC).

All show their individual relationship with ‘Horizen’. I will focus on the orange line because that is the base currency filter I chose in point 2.

You will notice that the last price of the orange line is barely the lowest. There is a slight rise above the lowest price (0.00273273 BTC).

The highest price is 0.00330734 BTC. Also, the blue line is on the rise. This is a very good indication of a potential investment.

Conclusion

Dear reader, after doing your research properly, you go over to an exchange where the coin is listed and trade against your chosen base currency.

Knowing when to sell is up to you, but you must monitor your investment to make good gains consistently.

I always say that no matter how small your gains are, either small or big, what matters is that you sell at a higher price than your entry price. Don’t FOMO.

My next Lesson is on Understanding and Trading with the RSI and then the Pin Bar Reversal strategy.

Be sure to check it out.