RE: Steemit Crypto Academy Contest / S3W4 – Cryptocurrency Trading by @emmy7924

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Steemit Crypto Academy Contest / S3W4 – Cryptocurrency Trading by @emmy7924

in hive-108451 •  2 years ago 

Cryptocurrency trading has to do with carryingout some analysis before entering the market so as to minimize risk that lead to greater losses

Do I really need to analyse the market before I enter into it? Does this mean that if I don’t make any analysis before buying and sell it shouldn’t be considered as trade?

For me I think the moment you buy or sell an asset even without thinking about it, we can still regard it as a crypto trade.

However, as a swing trader, I rely more on technical analysis before entering the market

I don’t have much idea about swing trading but I think a scalper Involves the use of technical analysis too. A scalper makes use of a shorter time frame before getting into the market. I love scalping and from your words you love leaving the market as soon as you realise profit. As a scalper I will invite you to try scalping you will love it a lot😊🤔.

TRX/USDT

I love trx very much, this is because I see it with a lot of potential. Steemit makes it easier to have a lot of trx because of the trx rewards we get as well. For me I hardly trade my trx because I believe in having a whole bunch of it.

Artificial Intelligence would help a lot of beginners on crypto trading as there wouldn't be passing through the stress of studying one analysis to another

For some reasons I believe only an experienced trader should attempt using a trading bot. A beginner who doesn’t understand trading will be making a mistake using the bot. You need experience before you use the bot.

The houbi bot for instance is not like the normal trading bot. Even though you will be investing with a bot it still has a lot of technicalities.

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Waooh I can see that you're honestly an experienced trader and your loved for Tron is massive. Thank you for contributing to my post.