With the current good news surrounding widespread adoption of Bitcoin and the somewhat relaxation in volatility. I understand that there are a lot of new comers entering the Bitcoin community. Over the next 5 days I will be showing people how to trade Bitcoins. Everything from how to read charts (which we'll cover today), to how to make educated predictions about the market. We will only be covering the basics; just enough to get your feet wet. There is a lot to learn about trading and markets. Everything stated here is just advice, I am not recommending you to do anything with trading, just friendly advice. Do your research and due-diligence and never invest more than you're willing to lose.

My name is Andrew Cook. I am the founder and CEO of Cook Investment Firm. We are a team of investment bankers and economist trading exclusively in Bitcoin. Currently, we trade around 4,500 Bitcoins per month for over 350 investors. In the last six months our clients have seen an average return on investment of 72%. We are based in Santiago, Chile and firmly believe that the best way to make money with Bitcoin is through adoption, not trading. That is why we work tirelessly with the community here in Chile to spread the word about Bitcoin.

Enough about who I am and what I do. Let's get to learning. Before you start trading Bitcoin you have to first understand what Bitcoin is. Of course Bitcoin is a cryptocurrency, but because cryptocurrencies are so new and the lack of general knowledge about them makes it difficult to trade them as such. In my opinion there are two ways one can consider Bitcoin when trading: a commodity (gold, silver) or a fiat currency (Dollar, Pound, Euro). This makes it easier to trade because you can look at it like you are trading in a Forex market (i.e. buying and selling dollars for euros or vice versa). This also allows you to see your financial gains and losses easier, as well as keeping everything simpler.