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RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading

in SteemitCryptoAcademy2 years ago

Great post @preye2! You've done a great job in explaining the basics of cryptocurrency trading and the various concepts associated with it. Your explanation of the terms "cryptocurrency" and "trading" was clear and easy to understand.

I particularly liked the way you highlighted the advantages of trading cryptocurrencies, such as the 24/7 availability and the low transaction fees. It's true that the decentralized nature of cryptocurrencies allows for more flexibility and efficiency in trading.

However, I also appreciate the fact that you touched on the risks associated with trading cryptocurrencies. The volatility of the market and the lack of regulatory oversight can definitely be a cause for concern for many traders. It's important for traders to be aware of these risks and to take appropriate measures to protect themselves.

In addition, I found your section on trading principles to be informative and useful. The principle "The trend is your friend" is definitely one that every trader should keep in mind. It's also important for traders to have a well-defined strategy in place and to stick to it, even in times of volatility.

Overall, your post provides a great introduction to cryptocurrency trading for both new and experienced traders. Keep up the good work, and Best of Luck in the contest!!

Regards, @fabiha

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 2 years ago 

You have dropped a really interesting and well detailed remark on this content dear friend. You would agree with me that the Cryptocurrency market could be very profitable, but at the same time, we ought to know that risks are part of Cryptocurrency.

The trend is truely our friend, and we must follow the necessary rules to avoid losses. Thanks for your lovely remark and show of support dear friend, I really capo are really appreciate ❤️:-)

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