Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading

in hive-108451 •  2 years ago  (edited)

Best wishes for my steemit friends.

I invite in this contest my other friends ;
@muslim84, @hdnur08, @apa07, @azifnur86, @muniss, @bob-marle, @nur90, Hope my best friend will participate in this awesome contest.


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source

Understanding about crypto trading is very important if we want to be in it because it will help us to get profit,Lots of people around me are tempted to trade crypto but in the end they give up because every day they always choose the wrong crypto coin,That is very important understanding of crypto trading that we will be involved in

  • Expected points


  • Explain your understanding on crypto currency trading and tell us what you understand by the word "trading"

What I know about crypto trading is that we register an existing wallet account and finish registering according to the rules, we can start crypto trading.The crypto trading that we do must have knowledge of what crypto is because with this knowledge we will understand what the results will be.
Understanding and knowledge of crypto trading is very important to anticipate undesirable things to happen because being in crypto trading is not that easy.Time after time goes on with all trading activities always experiencing changes and differences so we must be able to keep everything under control and fine.

  • What are the trading principles to always keep in mind as a Crypto Trader and how can you build your own crypto trading strategy

The basic principle that we must remember always and at all times is don't always be ambitious in trading crypto because it will ruin everything.Self-control is the main thing that must be in us when we are going to trade crypto because otherwise it will harm ourselves and we will regret it in the end.
Maintain our attitude when we are in difficult circumstances so that we remain calm and always be careful in choosing the correct crypto coin so that it gives us benefits.The journey of starting crypto trading must start from the knowledge of what we are going to do because every step we take determines the results we will get later.

  • Explain how you can use Fundamental analysis to generate your own Crypto Trading Ideas

Fundamental analysis is very important for us to trace the source of the information and we can do that by trying to find and always reading every change that occurs.This analysis is also very much affected by what we are going to take, namely the crypto that we are going to trade, so don't ever go through the analysis process.
From time to time, changes will continue to be made with these developments, so we must know in advance before carrying out our crypto trading activities and that is the right choice.Whatever circumstances we face while in crypto trading activities, never panic because if we panic, losses await us.

  • Explain how you can use Technical analysis when trading on Crypto

The technical analysis problem that I often do is to see how far the crypto trading chart has gone and if we are wrong in analyzing it, in the end we will lose.The technical analysis that we learn should not be too hasty because if we make the wrong decision when trying to trade crypto it will be fatal for the coins we buy.

  • Explain the 3 key concepts of Risk Management every new Crypto Trader Should Know

Anyone who wants to trade crypto there is always a risk that we must accept, so I will explain some of these risks.
  1. The risk for everyone who trades crypto is profit and loss.

  2. The risk that we must anticipate is that we must always be mentally prepared in crypto trading.

  3. A very fatal risk for crypto trading is the escape of hackers breaking into our wallet accounts.


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This is just a short post from me, I hope it's useful.

Thanks to ;
@crypto-academy

Best regards always
@ana07

About me

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Very brief explanation, very easy to understand what this explains.
Always success in the contest, my friend
Spirit 💪

Thank you for reading and viewing my posts, I hope we are all always happy and successful.
Greetings of success are always with you....

very nice post

Thank you for seeing my post, success is always with you....

Thank you for inviting me to participate in this contest.
And I really appreciate your quality and good posts.
@ana07

Yes you're welcome.
Hopefully what I write can provide some benefits for all of us..
Greetings of success are always with you..
Always spirited....

Penjelasan yang bagus,,selamat mengikuti kontes ini semoga berhasil.

Terimakasih telah membaca dan melihat postingan saya kali ini, semoga kita semua selalu sukses dalam segala aktivitas baik hari ini maupun kedepannya.
Salam kompak selalu..

Thanks for the invitation
I can understand the explanation even though I don't know about crypto,
Keep moving forward, don't give up the spirit huh?
I wish success in the contest.

Thank you very much for the good comment and I wish you success always with you my friend.
Best regards always..

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Technical analysis completely deals on the chart movement of the said asset, the chart helps to give traders information such as the trend of the asset either uptrend or downtrend. Truly making decision while using technical analysis should not be in a hast. I wish you success my friend.

Yes.
Thank you for reading my post, I hope we all always succeed in all activities in crypto trading.
Greetings are always with you my friend..

The technical analysis deals with the study of the historical prices of the assets and then predicting the right path, the price is going to follow. These paths could be the results of the chart patterns or the technical indicators that are used in the technical analysis.

Market of cryptocurrency is very much important for the traders before investing their money in the fluctuations that are associated with the crypto markets. Good luck for the contest.

Thank you for explaining about crypto trading better and it was very helpful, all of that must be ready with every crypto trader must continue to learn,
Greetings of success are also with you..

Thanks friend for acknowledging us about crypto trading in such a good way

Yes you're welcome.....

👏👍

Cryptocurrency trading can be a great way to make a profit if you understand how the markets work and have the right strategies in place

Just like every other investment, it's important to remember that there is no guarantee of profits; however, if you research carefully and remain vigilant, you may be able to achieve success

Thanks for sharing such an educative and interesting content with us boss.

Yes,
Whatever we do, if we are always thorough and careful in doing the work, in the end we will get satisfying results.
Greetings of success are always with you my friend...