Crypto Academy Season 4 | Intermediate Level Course for Week 6 SUMMARY : [In-depth Study of Market Maker Concept] by @reddileep

reddileep (67)in SteemitCryptoAcademy • 3 years ago

Hello Steemians!

The 6^th week of the Fourth Season of the Steemit Crypto Academy has now ended very successfully. It was a fairly busy week with 156 participants and most of them had performed well. I think almost everyone has learned something important from my lesson. So, let me expand on all the data this week as a summary.

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During this time I have successfully explained In-depth Study of Market Maker Concept and I was able to cover almost six subtopics.

What is Market Making?
Psychology behind Market Maker.
Benefits of Market Maker Concept.
Disadvantages of Market Maker Concept.
Indicators used in the Market Maker Concept.
Exploring Market making through charts.

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According to the above-mentioned topics, 156 participants were able to submit their homework posts under the tag of #reddileep-s4week6. Here they had to explain the lesson under the following questions.

1- Define the concept of Market Making in your own words.
2- Explain the psychology behind Market Maker.
3- What are the benefits of Market Maker Concept?
4- What are the disadvantages of Market Maker Concept?
5- Explain any indicator that is used in the Market Maker Concept and explore them through charts (Screenshot Required)

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So, according to all participants' performances, I've graded them considering, Originality of their submissions, Post Presentation, and Quality of the content. Below I've included summarized data of all the submissions.

Plagiarized - Those participants who included plagiarized contents
Below average - scores below 5.
Average - scores within 5 and 6.9.
Good - scores within 7 and 8.9.
Excellent - scores within 9 and 10.
Invalid Entries - Unqualified participants

Rating Content	Excellent	Good	Average	Below Average	Invalid Entries	Plagiarised contents
Frequency	20	93	38	2	1	2

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According to the above-mentioned data, we can see most of the participants have performed very well. However, I have graded all of them after analyzing their content carefully. Furthermore, here I've considered below included details to evaluate their homework submissions

In the 1st question, the students had to define the concept of Market Making in their own words. Here most of them have done a good explanation. Especially some of them had included charts too. That was more than I expected.
In the 2nd question, the students had to explain the psychology behind Market Maker. (They should explain it through some screenshots). Here, many have explained it with screenshots and even illustrations. But only a few of them had used just images directly taken from the internet.
In the 3rd question, the students had to explain the benefits of the Market Maker Concept. In fact, many students had answered this very successfully.
In the 4th question, the students had to explain the disadvantages of the Market Maker Concept. Same as the previous question, many students had answered this very successfully.
In the 5th question, the students had to explain two indicators that are used in the Market Maker Concept and then wanted to explore them through charts. However, about 40 percent failed to answer this part correctly. Because I didn't expect traditional price prediction in this part. Actually, here I wanted to express only one thing. We know most market manipulators are trying to mislead retail traders by generating fake signals through these indicators. So, students need to show an example through the charts. As an example, if we receive a buy signal through any indicator, it means there is good buying liquidity. So, market makers use such types of situations to sell their coins.
Furthermore, I considered the quality of their presentation including spellings mistakes and markdown errors. Here 60% of participants were able to perform well.

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Out of the 156 participants, the following 3 students have performed very well. So, they are eligible to get additional rewards for their effort on creative and informative homework posts.