Hello crypto lovers & friends ! we are grateful @cryptoacademy community and @steemitblog for their awesome contest that provides knowledge and money from studying Cryptocurrency, with the help of Educative Professor's like @stream4u. I do admire your Educative ability and as well you're most welcome for your thoroughness in writing. Below is the answer to the task given

Make a Homework Task 7 Post on the below Topics which you can also discuss according to your views on it, and try to explore it as much as possible but in simple terms :

source

Discuss Money Management.

Money management is the financial strategy which manages or directs how and when a crytpo-user is to make an investment with his money differently in all crypto currency quality. Most people say trading is gambling but that not true ! because in gambling we have losers who easily give up; you are forced to squander more because you believe the more you spend, then you could regain what they have taken from you but that's the opposite in Crypto-Trading. Money management teaches, guides and directs a cryptotrader when to enter a market and run his trading according to his skills, run his trade expenditure then at some point, he should know when to leave from the market in order to avoid losing the one he has gotten.

(Illustration) There was a time when my son taught me how to trade on forex and even on cryptotrading, at the very early age o was so naive and never really understood that there was always a pint when a trader should leave the market just as the normal traditional market we go to buy goods, and as well I had trading pressure (I was always afraid of HODL or even selling but when I began to learn and read online articles about money management, I can say that currently I don't face such pressures , because money management has helped to control my feelings, patience, tolerance, strong mind etc. I've learnt how to take risks on a particular trades profit or loss that are worth taking and a times staying out with myself.

Future plan on your Money Management.

• Setting Your Risk Level
The very first thing to plan and on your money management is setting your risk level and that means setting how much you are willing to loose on a single trade. Until you decide you risk level, you won't know or checkmate your returns and you with make any progress. For example: when you decide to set your risk level at 1% - 3% ( depends on you), once it get a to that point, you should end your trade for that day. This is discipline and management at its peak because you would be able to know how much returns you're getting back. Maybe you're ready to loose $1 a day just to gain $4 or more.

• Entry & Exit Rules
From my observations most traders pay attention more to their entry rules rather than their exit rules. Exit rules are much Important that entry rules, if not you keeping loosing than gaining. You need to decide when to stop a trade though setting your exit rules before entering a trade requires one experience over time. While in your entry rules, you need to choose and decide on your strategy and select few signals and as well consider factored like volume, indicators etc.

Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.

• Discuss Portfolio Management
This is a software that enables a cryptotrader to manage his or her list of all crypto-currency investments online. This is needed by all professional traders cause it helps you to checkmate your coin's performance and feeds you with analytical tools. There are some portfolio management organization I know that provide live feeds & pricing updates for their traders. Portfolio Management helps you to choose a very good trade , Investment and it's principle just for you minimize huge risk and maximize your profit returns.

I don't have any yet.

I don't have any.

• I don't know about this one

Conclusion

I believe I've been able to explain money management, portfolio management band a few other things to the best of my knowledge and I hope you could help me out with the rest
of the knowledge Professor @stream4u. Gracias sir @stream4u for the lectures tho I found this particular topic difficult especially the last 4 questions ( I'm anticipating your validation and more knowledge to the blank space).

Special Regards
Cc: @steemcurators01
Cc: @steemcurators02
Cc: @trafalgar
**Cc: @bright-obias

Thank you all for reading my Content