Currency Values and Trends

The cryptocurrency market is international, so it's always open for business. Coin Pursuit will examine how exchanges help you track volume and value.

When you make an investment, it's only natural to want to check up on its value from time to time. The intensity of interest will vary from person to person, of course; some investors will just take a peek at the market once a day, while others will want to monitor it in real time several times a day. No matter where you fall in that spectrum, exchanges offer market-watching features to fit your needs.

The cryptocurrency market is international, so it never closes and is active 24/7/365. The status of your digital currency investment could potentially change between the time you go to bed and when you get up in the morning. To help investors keep tabs, the majority of exchanges feature their own market charts and links to other statistical tracking resources. How many trades were made in the past 24 hours—or the past hour—in your type of digital currency? What is its current value against the US dollar, or the Euro, or the British pound? How has the currency value been trending over the last few hours, days, or months? Chances are good your exchange will have a chart that will provide what you want to know. Beyond market stats, exchanges will often include info that's specific to the exchange, too, such as membership numbers, trades made on the exchange and so forth. Many exchanges offer mobile applications that include charts and stats, so if you wake up at 2:00 in the morning and want to know how your currency's performing against the dollar right now, you'll be able to do so.

These charts, graphs and statistical lists will also include keys and legends that help you translate the information into language that relates directly to your investment interests. If not, however— and remember, no one's expecting you to be a financial wizard here—your exchange will be just a phone call or email away, and they'll help you make sense of the numbers and trends you see.

Next Exchanges Topic: Getting Trading and Investment Advice

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