Special thanks to Prof @stream4u for this week's lecture
Answer
Margin trading is a form of cryptocurrency feature that guarantees a trader the use of borrowed funds in trading activities offered by the exchange site.
The main motive that trader carries is to maximize profit, whereas, the possibility of making profit also opens doors for the chances of losing.
The word margin refers to the initial capital that the trader is going to deposit in his account, which will be used as a form of collateral before the exchange site would use it to grant the loan according to their own multiplier standard. However, the margin will determine how much the trader is going to be borrowed and the total amount given to the trader will also determine how the profit will be.
One major thing to know about Margin Trading is that it is highly risky.
Answer
Critically look into trading strategies that suit you before investing.
Do analysis, study the graph, analyze the price trend
Margin Trading is highly risky, therefore, trade the fund you can afford to lose if things go wrong
Consider your chosen exchange interests and fees
Be smart and vigilant to observe when to enter and when to exist
It is dangerous to aim a very high profit.
Answer
- Bybit gives up to 100x
- POLONIEX gives up to 2.5x
- BINANCE gives up to 5X
- STORMGAIN gives up to200x
- BITYARD gives up to 10x
- BitMEX gives up to 100x
Answer
Leveraged Tokens Trading is a form of cryptocurrency funds and exchange sites features that have fixed leverage (no need to worry about margin), no significant collateral, and also, it provides a low risk of liquidation. Leveraged tokens bring in more benefit within a short time than usual spot trading, thanks to the stable trending and rapidly changing asset price functions that leveraged tokens have.
Exchanges work tirelessly to keep the value of leveraged tokens stable, and they rebalance on a regular basis to make this work.
In leveraged tokens trading, traders will have to predict trends to either be bearish or bullish.
Leveraged tokens are built ERC20. They can be forwarded to different accounts. You can submit and transfer leveraged tokens to any Ethereum wallets. Also in your own wallet, you will be able to store and manage your own leveraged tokens.
Answer
Because the market is highly volatile, you must be very vigilant
Do proper analysis, that will help you make a better digital asset choice
Go into Leveraged tokens trading with just a share out of your capital
Don't just think about profit, make a strategy to exist trading at the right time
Answer
- Kraken - Offers 5X
- BITMAX Offers 3X
- HUOBIT Offers 5X
- Binance Offers 1.25x and 4x
- FTX Offers 3X
Answer
I will be taking BNB to USDT to do my prediction
BNB Price is now at 649USDT. The price has been going between 620USDT and 650USDT for couple of days now, which is actually not bad base on how volatile the market is
BNB has been in good shape for a while now. But looking at it from 9/04/2021, the trand was going high, until 18/04/2021 when the price dropped to $431, and the last time such happened was 9/04/2021, Since then, The price started flunctuating till the 26th day of April,
On 26/04/2021, BNB began to rise in a 65 degree position, which is a very good move. And, since on the 5/05/2021, It has been trying to gain a balance. I would say for the next one week, BNB price should still maintain above 600 USDT.
CONCLUSION
Due to the high volatility of the crypto world, it is always essential to carry out your analysis, which I prefer and recommend technical analysis to you because it will make you understand the market better base on what has happened on the asset before. And as always advised to every one trading, only trade just a share out of your capital.
Thanks
Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.
Thank you very much for taking interest in this class
Grade : 7
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