Crypto Academy Week 12 - Homework Post for @stream4u

in SteemitCryptoAcademy3 years ago (edited)

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Today I have learned many things from the lecture post by professor @stream4u, well written and really well described, I'm new to trading and I don't have touched margin or leverage trading, from today's lecture I had to learn many things I will describe all in my homework post.



Source

What Is Crypto Margin Trading?


Crypto Margin Trading is a type of trading in which a third party is going to provide you funds so you can trade. like 3x, 4x, etc, for example, you have $10 dollar in the account, and in margin trading, you can trade 10x means $100 you can take profit of 10x like you have put a bid on one coin and their price goes up in like 10% you have earned $10, so this work in both ways if the market goes down you can loss -10% and you all funds will be gone.

How To Plan For Trading In Crypto Margin Trading.


  • Take proper research on particular token/coin

  • Set your targets

  • Control your emotions whenever you see a green candle

  • Always invest your 10% of total investment like $10 from $100

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


  • Binance is providing a margin up from 1-10x

  • Bybit is providing leverage from 1x to 100x

  • CoinEx is providing 1x to 5x


Source

What Is Leveraged Tokens Trading?

Leveraged Tokens provide you the same thing as margin trading are doing but here you don’t have to maintain margin(initial margin) here you can get leveraged with no risk of getting liquidation like you all funds gone in margin trading.

Here is an example of Binance Exchange Leverage Tokens:


  • BTCUP : Bitcoin up here you leveraged gains when the price of Bitcoin goes up.
  • BTCDOWN: Bitcoin Down here you leveraged gains when the price of Bitcoin goes down.

Many exchanges support Leveraged token trading and have a bit different rules and fees mechanism I am not doing leveraged trading but I have learned from the professor post and I will do this in Binance exchanges where I can get more trading pairs as compared to other crypto exchanges.

How To Plan For Trading In Leveraged Tokens?


  • Should learn properly before starting leverage trading.
  • Should have trading experience before stepping into leverage trading.
  • Do you complete search for a particular token/coin before investing.
  • Do stop loss and set your targets.
  • Never invest too much in a particular token/coin.

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


  • Binanace
  • Huobi
  • KuCoin

Price Forcast For Crypto Assets XXXXXX. (This is a similar question from the 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 for next week.).


I have used to make the price forecast for the Doge-USDT pair.

I have used the Binance market to see the chart for forecasting.

scrnli_5_7_2021_1-48-19 AM.png

Doge coins seem to be higher next week. The volume of coins is increasing day by day and the price is touching an all-time high on a weekly basis, this week Doge touched $0.69 and now next week we can see a new all-time high Doge has strong signals to go up.

That was my forecasting for the DOGE/USDT pair.

Conclusion


In today lecture I have learned so many new things and I have tried to explain all by myself, margin trading and Leveraged token trading are very profitable and at the same time they soo risky to trade every one should first learn completely how it’s working and then put some money to learn how to trade on those trading marketing, it’s not good to just put all money in the start in greed and loos in just moments of time everything needs good research and proper plain hopefully you have learned a bit from my homework post.

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Hi @farhanali

You used an image from cointelegraph.com which looks copyright.

To avoid confusion for copyright images I was informed in a course post not to use any images which had a watermark, website names on them that refers to the other forum sites.

Cc: @yousafharoonkhan

Hi, professor @stream4, thanks for informing me about this mistake I will take care of this in my upcoming homework post, updated picture and source is mentioned.

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

  • need more detail How To Plan For Trading In Crypto Margin Trading to explain the concept and also need detail Leveraged Tokens Trading

  • why do you think that doge coin will touch its peak next , more detail can clear concept very well for reader

  • look fine homework

thank you very much for taking interest in this class

Grade ; 6

Thank you Professor @yousafharoonkhan for your valuable feedback.

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