Crypto Academy Week 12 - Homework Post for @stream4u

in hive-108451 •  4 years ago 

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pic source

Hello steemit

How are you all? I hope everyone is doing fine. Like every week, this week I’m going to participate in the steemit crypto academy with the home work of @stream4u. I will try to maintain the quality of homework by fully understanding the homework then attempt it so lets start it. First of all let me mention the homework so we can start it.

  1. What Is Crypto Margin Trading?
  2. How To Plan For Trading In Crypto Margin Trading.
  3. Crypto Exchanges Name That Provide Margin Trading Service and What Margin They Provide?
  4. What Is Leveraged Tokens Trading?
  5. How To Plan For Trading In Leveraged Tokens?
  6. Crypto Exchanges Name That Provide Leveraged Tokens Service and What Margin They Provide In Leveraged Tokens?
  7. Price Forcast For Crypto Assets XXXXXX. (This is similar question from last course, take any Crypto Assets Chart graph, as per its current price and its market trend predict its future price for only next week, what will be its future price for next 1 week.You can predict for any direction up or down but explain it properly on what basis you have predicted the price. What will be the possible low level and high level fornext week.).

What Is Crypto Margin Trading?

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Crypto Margin trading is the process in which we trade using the loan which we took from the other person. I will try to explain the crypto margin trading with an example, lets suppose you are in market for sometime and know the market well enough to invest in it but you don’t have an investment so what you do is, you take the loan from a trader or exchange who offers it on interest base which made a advantage for you in form of huge capital and you invest in the market which returns in huge profits if you make the investment at the right place.

Advantages

• Can get huge capital
• Can access huge markets with huge capital
• margin offered in 3x, 5x, 10x to increase the investment by that number.

Disadvantages

• Huge capital turns into losses in investment make a burden on the person because he will now have return the borrowed money.
• Accessing huge markets for profits and give huge losses too.

How To Plan For Trading In Crypto Margin Trading.

First of all, it is important to note that planning is the most important thing in every field and in every aspect of life so before trading in crypto margin trading, a trader must have a plan. The plan of investing in an asset which will return the profit which can be possible if he knows the price trend and behaviour, he should have plan to make prediction because that prediction will be main factor of him investing in that asset. Crypto Margin trading is a complete risk, the one without any plan can bear a huge losses. There should be plan for multiple assets and for short term and multiple for long term because investing in only short terms asset for long time can result in losses. There should be plan to watch the chart of an asset every 5 minutes, 15 minutes, 1 hour, 1 day like wise and then decide wether to invest in it or not.

Crypto Exchanges Name That Provide Margin Trading Service and What Margin They Provide?

Some the exchanges that offers margin trading are Binance which offer cross and isolated margin up to 10x. Another exchange is Bybit which offer margin up to 100x. Some of the other exchange is Huobi which offer margin with max 5x. Another exchange is poloniex which offers margins up to 5x. Another one is Deribit with margin up to 100x.

What Is Leveraged Tokens Trading?

Leverage tokens trading is different from others because we don’t have to own the token but have to made contract with exchanger for the doing the trade instead of you. We can’t withdraw these tokens in our wallet. What we have to do is, we have to do the prediction of the selected coin wether its trend will go up or down. If it goes according to prediction of the user then the profit goes up by 3x or depending on the margin by exchanger. If the prediction goes wrong then there will be loss of 3x or more depending on the margin by exchange.

Advantages

• profitable for user who knows the market well.
• Can trade any coin without owning it.
• Can also take the advantage of market when it is going down.

Disadvantages

• Can result in huge losses if prediction goes wrong.
• Huge risk due to unpredictable market.

How To Plan For Trading In Leveraged Tokens?

Like crypto margin trading, A user should have plan for Leverage tokens trading. Before start investing in these coins, he should have enough experience to know the trend of an asset. He should be aware about the trend. When it will be upward trend and when it will be a downward trend and then decide to invest. The investment should be small but many which will give profit and in case of loss, the small investment can result in small losses. The trader must avoid the huge investment because in case of losses, the loss will huge for him to bear. He should choose the easy exchange with small fee with hectic free terms and uses. Before investing he should use chart like I explained in crypto margin trading.

Crypto Exchanges Name That Provide Leveraged Tokens Service and What Margin They Provide In Leveraged Tokens?

Some of the exchanges that provide leveraged tokens service are binance which offers leverave up to 4x leverage. Another exchange that provide leveraged tokens is FTX which offers leverage up to 3x. Pionex is another exchange which offers leverage upto 4.8x. Another exchange which provide leverage is coinbase which offers leverage up tp 3x.

Price Forcast For Crypto Assets XXXXXX.

First of all we have to choose the coin for the prediction. So I chose the CHZ coin. I will try to explain the its price forecasting.
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So this is the chart of the CHZ coin of 1 day, as we can see the variation in 1 day in this coin. Now lets see the coin chart for one month to try to fully understand the variations.

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As we can see the highest price in week is passed and it is now going downward but there was minor upward trend in the chart but then again so on average it is in decline after highest price so I don’t think it will move steadily upward there might be a small rise but it will majorly decline.


That’s all from my homework. This post is plagiarism free and the pics used in this article have there source attached. I hope I have explained properly. Thank-you


SPECIAL MENTION

@stream4u
@steemcurator01
@steemcurator02

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Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.

  • homework is explained well and also look homework fine
  • need more detail to make predication about any coin , in this regards
    Thank you very much for taking interest in this class

Grade : 7

Ty for evaluation