Digital Currency Traders Guide

sibal.nibal (29)in #cryptocurrency • 6 years ago

Alerts
1- Trading is not for weak hearts

I am not responsible for any losses
3 - Do not trade the full amount you have so as not to lose it all
Trading becomes Caldman

an introduction
In order to know what currency is appropriate for trading, you should first follow the news of the digital currency first Powell through Twitter, Facebook, Telegraph and news sites as well as through the analysis of the chart, where you have a good look and statistics on currency activity when you know these things enter into this area.

Trading terms
Where we hear these terms a lot in the forums and newsgroups and news
Exchange
It is a platform for trading digital currencies where you can buy and sell currencies through the Betcquin or the Dollar and are considered the best platforms are
Polonics, Beatrix, and Bitnix

Long
Which is the long term of the currencies where you buy or sell the currency you think it will rise after a long period or fall
For example, the price of the current Betquin $ 1300 bought them and springs after 4 months or a year, where the price is $ 2000 after analysis and confirmed news is the process of buying and selling of course
Short
Short-term
Where you think that the currency will fall or rise in a short period in two days or a week and buy at a lower price and sell at a higher price, which is the best thing for traders.

24Hour
It is the change in the percentage of the currency within the past 24 hours, usually given as a percentage.

High
Highest price in last 24 hours

Low
Lowest price in last 24 hours

ATH
The highest price for a coin ever

Trade Volume
Which is the volume of trading which is the amount of trading on the currency during the past 24 hours.
The high volume of the currency is good trading and the decrease in volume is bad, which is an important measure because it shows you the value of the currency against the other currencies, as the volume of trade actually shows the currency.

Bullish
Rising as investors or analysts believe the price will rise

Bearish
As investors or analysts believe the price will fall

Bull Trap
The bull trap, an inaccurate signal that the volume of contradictory trades will stop falling and rise and then continue to fall and is called a trap because the rising volume is fooled by the trader and buy the wrong place and continue to decline thinking that it rises because of the trap.

Bear Trap
Bear trap, an inaccurate signal in the currency appreciation will stop increasing and begin to decline while in fact it will continue to rise or stabilize.

Margin
Margin - Margin is mainly traded with borrowed funds. Exchanges vary in how you handle this and how much money you can trade with this on loan. You must have a certain amount of money on your account as collateral, and the more guarantees you have the bigger loans you can take. If you make a loss you lose some of your collateral (or all if you get a filter).

Liquidation
Liquidation - Most stock exchanges use a compulsory liquidation policy in case your guarantee does not cover your current loss on margin transactions. What this means is that your loan / margin will be closed and the guarantee used to pay the loss. You do not want to get a filter, if you are worried about it happen avoid margin trading until you are more experienced.

Volatility
Volatility - This indicates the number of times the currency price changes. Reverse stable volatile currency. If the currency is very stable then the price remains the same and there is not much profit that can be made from it.
So we find some currencies have fluctuations to be traded.

Weak Hands
Weak hands - this is the condition that mostly affects novice traders. Where they buy a coin and when he sees a small dip in the currency is afraid and panic and sells all his coins (often at a loss). If they had very cold nerves they would have benefited. A lot of people have weak hands, and this can sometimes lead to a currency drop of only minor dips in price.

FOMO
Fear of loss, in the course of trading can mean making bad decisions from fear of losing opportunity for example. Buying a currency at its peak rather than the former, this often leads to loss.

FUD
Uncertainty and suspicion. Spread among people (FUD) to cut the price of something or to encourage people to use a competitor instead.

Trolls / Shills
Trolls, who are the people who publish false news about the currencies because they have a vested interest from these news and are used frequently in digital currencies, especially on small currencies
For example: a person who has 10 petequin bought at a price of 1000 dollars goes to the forums and the people see the words of the people that the Betquin will drop and reach 500 dollars and news scare and fear and sell the currency that has 10 Petkwin and sells others drop price for 700 dollars and buys the owner of the news on 700 and rises.
As well as the publication of news about the currency will explode at an imaginary price everyone buys and rises, he sells at the premium price in large quantity and then drops the currency significantly.

Whales
Whales are big traders with big money, and most of their business is on small currencies because of the size of the small market where they have an impact on them.

Pump and Dump
Cutting and rising rapidly is the way whales
Pump
Which is the rise of the currency, because of hearing some news or events find a great turn on the currency, causing them to rise significantly and buy people in large quantities Whales (traders) sell their currencies at the highest price in large quantities and then drop the currency (unloading)

Dump
It is the opposite of the bamb

Arbitrage
Arbitrage is the advantage between currency exchange rates between platforms
For example, the price of the Pitcuene in Polonix $ 1000 and in the platform of the $ 1,200 Pfnix, I would like to send the Pitcuffin to the platform of Petnix and the Pitcuene springs at $ 1200 and then buy a stable currency and sent to Polonix and springs for the house

Charts and Chart:

You should be able to read charts and charts in order to understand the bearishness and the rise of currencies and read the Valium
This is the most common chart you will see. The X-axis (left to right) represents the time, representing the Y-axis (up and down) price. Vertical bars are called candlesticks.

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Candle:
You should be able to read charts and charts in order to understand the bearishness and the rise of currencies and read the Valium
This is the most common chart you will see. The X-axis (left to right) represents the time, representing the Y-axis (up and down) price. Vertical bars are called candlesticks.

Market Depth:

Depth, it helps to visualize the depth of the market on the currency that can be driven by the price.
Where the X axis shows the price or currency, and shows the axis of any currency
Green represents the purchase orders and the red represents the sales orders.
If there are too many buy orders the green part will be bigger than red and we can say that the price may go up.
If there are a lot of orders to sell, the red side will be bigger and we can say that the price may fall.
Often, the chart is misleading by the whales of the market, where they include many orders in large quantities, the green part becomes larger than the red people. There is a large demand for purchases. The novice traders buy, the currency rises, it cancels its purchase orders and sells its own. Currency exchange.
As well as the reverse for the inclusion of orders to sell a lot of the red part becomes greater than the green to inspire people selling and sell down the price, which cancels sales orders and buy at a lower price.
How to cut and raise
We must understand some points so as not to fall into the trap of market whales
First, we need to know which currency we choose to trade
1 - reading the special worksheet of the currency that it is possible to fully understand the content of the currency and the project

Can the currency be mined?
Have you been manipulating the currency in a way? For example, you find a lot of currencies similar to other currencies only a named change
Is the new encrypted currency similar to another currency in terms of encryption or has new features
Are currency developers active and efficient
Does the currency have a significant market value in the market
Is the currency really traded?
Does the currency have weak coding points
Is the currency relatively unknown to a larger audience?
Is the currency bad

Second, follow up the development of currency and currency support
If you want to buy a particular currency we need some inferences why will rise such as talk about the development of the new currency or start a new task or start to create new features and what will be provided by the currency in the future and whether there are weaknesses in the currency, the inferences must be somewhat convincing.
Thirdly buy in a way that makes the statistics excellent
What I mean by this is buying and selling again and again to increase the amount of the amount.
You can be buying one large operation and then keeping it and selling it all at once This method is traditional and not good but you should follow the following
1 - Do not buy at the highest price reached by the currency
2 - Determine the area of decline and rise of the currency in addition to the continuous rise
3 - divide the full amount on several lower prices according to the area you specified previously
4 - also sell in installments at different prices
5 - buy and sell a small difference in the price and buy it very often you find an excellent profit does not wait to be a big difference in the price and sells
IV Follow-up news:
1 - follow up articles Reedit and votes on them to make you compare the currency with others
2 - Follow-up to the forum of Petequin
3 - Twitter for news pages and official currencies
4 - Follow-up sites of reliable currency news
5 - Follow-up channels (Slack) official currencies to see the latest updates and developments
Useful Links
1- Trading platforms
PoloniexBittrexbitfinex
Btc-e
2 - Chart sites and plans
https://cryptowat.ch
https://www.tradingview.com
https://cryptrader.com

#bitcoin #steemit #news #blog

6 years ago in #cryptocurrency by sibal.nibal (29)

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Digital Currency Traders Guide

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