Steemit Crypto Academy | Course By @stream4u - Crypto Margin Trading & Crypto Leveraged Tokens Trading.

Hi everyone, after reading through the wonderful lesson Crypto Margin Trading & Crypto Leveraged Tokens Trading.by professor @stream4u presented,and I was able to get this weekly homework task done and now I submit it.

1.What Is Crypto Margin Trading?
Explain margin trade with an example you have $10 using margin trade you can extend the $10 to $30 the $20 is borrowed from that flat from your trading or from a another person this is crypto margin trade

Screenshot_2021-05-08-21-56-53-19_ee1cec40dcf6eb3919ecbfc5d87e6719.jpg

2.How To Plan For Trading In Crypto Margin Trading

  • The first and the most important point in margin trade is the first we must prepare to lose it means they are heavy list in margin trade so we should invest the money which we are ready to lose we should mentally prepare for that.

  • the second point is first we should analyse our market the roli before entering it and we should fix enter point and exit point exit point means stop loss because stop loss makes our loss cut off for example you have put on 100$ dollars if you use stop loss we can cutoff for loss for $20 and where can get out with $80. Use short time frame for trading.

  • Third point is we should fix the leverage we are going to enter indi trade because if we use more leverage we will get more risk if use less leverage will get less risk so first we need to fix on the leverage we are going to use it in the trade.

3.Crypto Exchanges Name That Provide Margin Trading Service and What Margin They Provide?

Margin trade is a very risky and margin trade is very popular among cryptocurrency trading and one of the most famous platform is "Binance" I also recommend Binance.

Exchange. Leverage

Bybit. = 100x

Binance. = 100x

Huobi. = 3x

Poloniex. = 5x

Kraken. = 5x

4.What Is Leveraged Tokens Trading?

IMG_20210508_222713.jpg

I will explain leverage token trade with an example also with margin trade you can only buy and sell in higher price which you have got to get profit but in margin trade you can also sell to get profit and buy to profit if you put the market will go up means buying if you put market will go down means selling the leverage is the percentage you are getting if you put 20 leverage means if you get 1% profit you will get a 20% profit 20 into 1 likewise if you get lost 1 percentage you will get 20% loss leverage trade is a highly risky trading so be careful when trading it.

5.How To Plan For Trading In Leveraged Tokens?

Leverage trading is a high risk involved trading so we need a perfect planning and a market strategy

The first thing we need to plan in leverage trading is the amount of the leverage we are going to use in it because in reverence trade if you increase the leverage percentage you need to pay heavy fee and it involves risk. loss the total amount you invested in it. Analyse the market properly. When we should put stop loss And take profit to prevent heavy loss or miss out the profit.

6.Crypto Exchanges Name That Provide Leveraged Tokens Service and What Margin They Provide In Leveraged Tokens?

Like margin trade leverage trade is also very popular among Crypto traders like BINANCE plays a major role in margin trade it also plays a major role in leverage trade and I also recommend using BINANCE for leverage trade because it provides varieties of coins and varieties of leverage.

Exchange leverage

Binance. = 125x

FTX. = 101X

Betmix. = 100x

7.Price Forcast For Crypto Assets

I don't have many experience in trading and I am not a very good analyser also for this analyzation I am going to use RSI you can see in the below chart if the RSI didn't go below 50 means it's in a resistance state and if it breaks below RSI 50 it means the resistance is broken and the market is going down words
Screenshot_2021-05-08-22-43-55-23_ee1cec40dcf6eb3919ecbfc5d87e6719.jpg
IF RSI keeps its position above 50 means market is bowling position you can see the place where have mark the essay didn't go below 50 it has an uptrend when the essay break down below 50 the market when downtrend.

IMG_20210508_224840.jpg
When the market is stable and RSI is 30 it is the best place to buy and don't buy when are RSI is above 70. You can find the market stability by RSI value if the value is stable not going very high and not going very below moving in a constant means the market is stable.

I am not good at analyzation so this is what I can provide with the knowledge which I gained by trading if anything wrong in this analyzation please leave a comment below I will correct it

thank you for reading my post fully

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Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.

  • need mored detail explantion in this area Plan For Trading In Leveraged Tokens and also Leveraged Tokens Trading
  • look homework fine

Thank you very much for taking interest in this class

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