Every trading market that Webull supports is available for 0% commission. This indicates that all you will need to do to trade cryptocurrency here is pay the spread. Having said that, Webull's spreads for trading cryptocurrencies are greater at 1%. When to trade cryptocurrency While stock markets may not be ready as yet to make this move, foreign exchange markets could transition sooner as they directly affect the cryptocurrency markets. Bitcoin and other cryptocurrencies can be traded by retail investors on cryptocurrency exchanges throughout the weekend, even while foreign exchange trading is closed.

By and large, our financial system revolves around third-party intermediaries who process transactions. This means that if you make a transaction, you’re placing your trust in one or more of these intermediaries—and the recession of the early 2000s made a lot of people wonder if that was a good idea. The blockchain and cryptocurrencies offer an alternative. They can be viewed by anyone, anywhere, so you can take part in the financial markets and make transactions with no intermediaries whatsoever. Did you find this useful? Beginner traders tend to exit a trade early to avoid losses or enter a trader late to avoid missing out on a trend. Most traders are guided by the fear of missing out syndrome while day trading crypto. This can often result in significant losses. Avoiding FOMO can be very hard given cryptocurrencies are speculative assets. Learning how to do that is crucial for success.