Steemit Crypto Academy season 2-week 3- my home work for @alphafx
Hi steemians, In this era of pandemic, take care yourself and others. Hope you will be fine.
First of all, I want to say thankyou to dear Prof. @alphax who has presented such a wonderful lecture that one could easily understand it.
Let us have a look upon my work.
Do you hold any coins? Talk about the wallet type you prefer/would prefer holding?
Yes, currently, I am holding STEEM. I have set my prediction that its price will go higher and higher in the future. Therefore, I have done holding. I would prefer to use paper wallet for holding, which is a cold wallet. The reason behind this is that it is more secure than hot wallet. Here is no danger of hacking. So it is the most secure method to hold coins. But on the other side, you have to be careful that your paper would not go into unsafe hands and never be destroyed, otherwise, you have to lose your money.
With screen shots, show how to perform spot trading on any pair of your choice.
For answering this question, I prefer to trade in EURO/USD. Let me explain who to set a trade, buy or sell.
Above is the picture where from you can select any pair of your choice while I selected EURO/USD. Here I am going to tell you that how we can buy For this look upon the following picture.
Buying has been done. we select a pair of our choice and then select a rate at which we want to buy then click and make a transaction.
Now following picture will clear your idea about how to sell.
in the above picture, it is told that how to sell. Click on sell, select a rate and then click on confirm, your order will be confirmed and trading will be done.
Holding or trading which do you prefer and why?
I would prefer trading. Before explaining about it that why I prefer trading, I fell relax to tell you that holding and trading both have advantages and disadvantages. Keeping in view all the scenario, I have decided to prefer trading. Let me explain why I prefer trading.
In trading, I can make many transactions in a day which would increase my profit although there is a risk of loss but why this reason lament. I keep an active eye on the rates and make a transaction when it suites me. While on the other hand, I do not prefer holding because it requires more time and there is no authentic tool that would make an exact prediction. Therefore, I prefer trading.
At the end, I again want to thanks dear mentor @alphafx for your outstanding lecture.
Waiting for your positive response.
Thanks for participating
A very good post and explained well.
very well written
Thankx