WHAT IS CRYPTO MARGIN TRADING
Crypto margin trading can be seen as a system whereby clients or holders of crypto assest trade by using funds gotten by a third party. Now when compared to normal or regular trading accounts, margin accounts gives adequate room for traders or holders of crypto assest to gain access to larger weight or sums of capital, which puts them in a better position to leverage their positions. Basically, crypto margin trading does not only enhance but it amplifies huge trading results so that holders of assest are able to derive larger profits on trades. It's potentiality and capability to expand and increase trading results makes margin trading highly sort out for and popular in low-volatility markets, like the crypto currency market.it is also used in the stock market, forex market etc
As a result of the volatility of cryto currencies, margin trading in the crypto market can be seen as one that attracts a higher level of risks as to when completed to regular trading.it is pivotal to a cryto margin trader to apply caution while trading and that is why he or she must have the prerequisite knowledge needed to forecast and anticipate the flow and trend in the market in other to avoid lose and make maximum profit.
HOW TO PLAN FOR TRADING IN CRYPTO MARGIN TRADING.
1One way to plan for cryto margin trading is to start with a small margin of asset and then increase progressively. This is actually the safest bet for those who are new to margin trading, It’s always advisable to start with a lower or smaller position so as to limit or lower the rate of collateral, accrued to the high level of risk based on it's volatility.
2It is essentially advisable to prioritize your goals. This is needed to have a clear system or strategy to profit maximization which must be adhered .It is also needful to have a stop-loss level and an exit goal, that allows you to pull out if the price of your assest reaches a certain level.
3It is equally necessary to check the fees and interest accrued to the assest. Crypto exchanges that enhances margin trading will definitely demand some form of charge's or fees.it is necessary that u consider the charges to assertain if it is favourable or not
4It is mandatory that you put into cognisance the external factors such as regulatory changes, crypto wallet movements, or perhaps exchange hacks, that possess the ability to create a sudden price change.
5It is pivotal to pay great attention to current trends
6For you to succeed greed must be totally pushed or kicked out of the way.
CRYPTO EXCHANGES NAMES THAT PROVIDE MARGIN TRADING SERVICE AND WHAT MARGIN THEY PROVIDE
Bityard
Bityard renders margin trading up to 125x
Binance
This is a crypto exchange that offers margin trading on huge or large marketcap coins up to 5x
BitMEX
BitMEX is also one of the platform that centers very much on BTC margin trading and privides up to 100x leverage.
Poloniex
Poloniex garantees or offers a margin trading up to 2.5x
Kraken
This is quite identical to Binance, Kraken provides margin trading on larger marketcap up to 5x
StormGain
StormGain also provides margin trading up to 200x on large marketcap coins
WHAT IS LEVERAGES TOKEN'S TRADING
The ERC-20 tokens which are issued or gotten on the ethereum blockchain is one of the easiest way of analysing or defining leveraged token. Leveraged Tokens Trading can basically be seen as a financial commodity that provides crypto traders with the access to leverage without having to fear or worry about liquidation, thereby increasing the profit potentiality accrued from the leveraged cryptocurrency asset. Let it be known that this assest are not structured for long term holding because of the volatility of the market yet it's ability to creat a wider range of profit in a short while or term can not be overlooked.
How To Plan For Trading In Leveraged Tokens
In order to effectively plan for trading on leveraged tokens, the trader must always have this following points at his finger tip
1He or she must have a clear entry and exit plan
2The trader must intentionally pay great attention to current trends in order to opt for or make the best trading choice or decisions
4The trader must conciously eradicate greed when trading so as to avert or prevent loss that may be colossal in nature.
5The trader must own or possess a clear knowledge and understanding of the risk accrued or associated with trading any financial instrument.
6Havinga knowledge on the past or previous trend could also help in making profound and sound judgement
Crypto Exchanges Name That Provide Leveraged Tokens Service and What Margin They Provide In Leveraged Tokens
Hedge
Hedge offers a trading leveraged tokens of up to x1
BitMax
This one also offers a trading leveraged tokens up to x3
Kraken
Kraken Provides trading leveraged tokens up to x5
Kucoin
It also provides up to x10
Huobi
This one renders leveraged tokens up to x5
FORECASTING OF BINIANCE
Here is a two weeks trend of the price of SUSHI to BNB now the point I marked 1 is about few days ago.
Now at this point (resistance point) the price started going down persistently to the second position, now at this point there was a bit of market support which could not. Hold so strongly amo finally the price dropped again to the third end where i marked 3.
Now this is actually the level of support in this trend, where price is stated at 0.02532 SUSHI TO BNB. since this is taken as my spport, in the next one week, the price of SUSHI to BNB will rise a bit upto 0.07 to 0.08 SUCHI Per BNB to the point i marked 3.
This is my estimated value of SUSHI TO BNB for the next one week., Thanks.
Thanks to professor @stream4u for such an incredible lecture for this week.
Hi @samuelj
Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.
Your Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
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Hello Prof please kindly check the time my first submission was done before 11:59pm thanks so much
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Hi @samuelj
It was already checked, without checking we did not make any comment. Hope the below screenshot will address your concern.
Created 2021-05-09, 03:55 ( 2 days, 15 hours, 41 minutes ago )
Payout Time 2021-05-16, 03:55 ( in 4 days, 8 hours, 17 minutes )
Payout Total 0.000$|
Payout Author 0.000$|0.00%|0.000SP|0.000STEEM|0.000SBD|~ 0.00INR
Payout Curators 0.000$|0.00%|0.000SP
Payout Returned 0.000$|0.00%
Payout Percent SBD 50.00%
Cc: @sapwood, @steemcurator02
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