Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading By: @aehryanglee

Greetings to all of us here..

We are born in the modern world. Hightech things just like gadgets (Cellphones, Laptop, computers etc.) Appliances amd many more. In this modern world , different technologies and websites are also shown up and some of this are the earning site just like this platform. For today's topics, allow me to share my ideas amd my deep understanding about Crypto Trading.

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Crypto Currency Trading

Crypto Currency Trading:

➡️ Crypto currency trading is an act on which we can sell, buy or transfer our desired tokens. With the help and use of the popular and well-known e-wallets or market wallets applications, we can easily to do trading regarding with our tokens. On part of the trading activities, first we must check the prizes of the tokens we want to trade. There are few tricks on how to trade without losing our tokens. First, if we have plans to buy tokens, make sure that the prize is low and if we want to sell the prizes should be high. It is also includes by buying another tokens and HODL it until the right times will come and ready to trade for the exact prizes.

Trading:

➡️ Base on my own understanding, trading is an act on which we can exchange, buy or sell our tokens or Cryptos. If we have a prediction about rising up the prizes for the next days, we can be able to exchange more tokens or sell higher prizes. How? By buying or converting each crypto. The prizes is not really stable means, it always exchange every time. We can check it with the use of crypto chart.

Trading Principles:

There are few trading principles about trading:

• Know the Market:

Knowing the market trading is very important before we trade. We all know that there are many scam networks or websites in the world of crypto and we all know that our tokens are very precious that is why it should be very careful by trading and it is better for doing a research first about the market.

• Don't Trade on Vaccum:

Base on my own understanding and opinion, trading in an unknown market site can lead your tokens lost or gone. Our market is dynamic that is why our tokens that we trade will be adding more instead of losing.

• Risk Management:

This is very known in terms of trading. We don't know the exact prizes for the next hours or days and the prizes changes, but if we have confidence and positive in mind, we will be successful.

• Psychology will have an influence on trading performance:

Trading is slightly delicate because there will be a chance to lose our tokens in a false moves. Knowing the flow of the structure and concepts is very important. Observe and analyze is also very important. This will help so that our crypto tokens will not be lost.

I can build up my own crypto trading by analyzing , observed and do research to gain more lessons on what to do including its concepts.

Fundamental Analysis:

• Crypto is very tricky, we need to analyze, observe and monitor the prizes every now-and-then. For me, I will start trading and the first thing I do is to study the history and flows of the market just to make sure if this is safe to trade. Second, the prizes charts and third is the amount of trade tokens if I will change another crypto tokens. The designated graphs can help us know and we can be abled to monitor the flow of crypto currency and also if it is good to trade or not.

Technical Analysis:

• Each market consists of prize charts and we can see the flow of prizes either previous or presents prizes. With the use of analyzing, we can found out the structures of tokens that is why analyzing is very important.

Risk Management
There are few steps or kinds of risk management:

1. Educate yourself;

• It is really good to educate ourselves before we make trades. Knowing and learning the concepts, methods , history and characteristics is a must so that we can have ideas about it.

1. Empower Workforce;

• With the help of our friends, we can share and grab some opinions and balancing each statements. By consisting and hardworks we can build and achieve our goals to become successful to blogging and or trading.

1. Understand The Organization;

• This is also important so that we can gin a good results of our hardwork. Losing our tokens can make us down and discourage that is why we need to observe, study and know the concepts and organizations and also platforms very well.

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I would like to invite my friends here namely @jurich60, ate @amayphin and nanay @olivia08 for this topics.