Greetings, I am glad to attempt this lesson. this is a home post of season3 week-1 in Steemitcrypto academy. after reading this article I am very clear about the trading, analysis, etc.

this is me Hammad Aslam. my user id is @hammadahmed112. today I will discuss all trading. in this article, I will try my best. so, let's get started with today's homework post;

1. Define with your words what trading is, what its function is and how it relates to the cryptocurrency market.

In very simple words we can say that trading is the buying or selling of something the purpose of trading to make a profit. but as you know we talk about crypto so, I will define trading in the crypto scenario. so, trading in crypto is to buy or sell coins. but keep in mind that the timing of buying and selling is very important in crypto to make a profit.

there are two scenarios. first is the price of any crypto assets will be rise, so it is a good time to sell all of the crypto assets. and the second one is the price of assets will be decreased. so, in this scenario, you will be buying crypto assets as much as you want.

if you trade any assets so, it is your responsibility that you will complete your analysis. there are two types of analysis first is Technical analysis and the second is Fundamental analysis. in technical analysis, you will analyze in a technical way like indicators, candlestick patterns, etc. on the other hand fundamental analysis works on the news which is circulating in the market either that news are positive or negative.

Trading is not the only cryptocurrency. it is also for the share market like buy and sell of shares, companies, commodities, etc. if you are a trader you must have the patience suppose that you invest your money in crypto and the crypto market will down means it shows the red candlesticks pattern. so, this is time to show your patience and you know that is this important in all fields.

As you guys know that the cryptocurrency has more potential as compared to the stock market. peoples take interest in cryptocurrency. and day by day the number of investors or traders will increases.In cryptocurrency, many much more things are introduced like Nfts, future trading, etc. so, it also creates a bigger impact on both the trader and the investor.

1. Define and explain which are the tools used for trading (Technical Analysis and Fundamental Analysis) and at least one example of each. (A screenshot is required).

Technical Analysis:

if we talk about the analysis we can say that it is the discipline and with the help of this discipline we can evaluate our investment and identify the path with the help of statical data. this is also a trading technique. in the technical analysis, different types of indicators are works like RSI indicator, Bollinger band indicator, etc. not only the indicator is involved in technical analysis there are different types of candlestick patterns. I will explain any one of these in detail.

In my example, I will consider the chart of Ada (Cardano) in the pair of usdt. in this chart, you will clearly see that the support and resistance line. if we talk about the resistance of Ada so, it is 2.43 usdt this is a price where you should sell your crypto. on the other hand if we talk about the support so, it is 1.03 usdt this is time that you should buy crypto as much as you want.

so, as I talk about the indicators here is the Bollinger band indicator this is also a very helpful tool to analyze the chart. on the other, I will discuss the different candlestick charts pattern.

so, I will give the basic knowledge about the indicators and charts patterns. If you are interested then you will find all info about the statical analysis.

Fundamental Analysis:

This analysis is a non-technical analysis. this analysis is based on the evaluation of various factors that effects the price of crypto assets. for example, if we talk about the stock market and we should invest in the market, so, the first thing we do is that we analyze the company's economic conditions either it is good or not. same thing is to apply to the crypto market. first, we should do the technical analysis in a proper manner. and after that, we should do Fundamental analysis.

In my example, I would consider the example of Tenupcoin basically, this coin has very much potential to grow. the reason is to select this coin with strong fundamentals. basically, this coin is a decentralized blockchain and if we see the graph so, that you will exactly determine its fundamentals. Now I will show you the graph.

In the last 7 days, this coin is pump about 85%.so, this is a reason to select this coin.

1. Name at least 3 cryptocurrency exchanges with the highest trading volume where we can buy our first cryptocurrencies and explain in your words the ways to buy cryptocurrencies on at least one of these platforms (Do not use Binance).

There are various top exchanges but we will discuss only the top three.

1. Huobi Global Volume $2,714,501,305.
2. Coinbase exchange Volume $1,495,955,532.
3. FTX Volume $825,670,485.

I will explain the setup of the payments method of buy and sell the crypto in Huobi exchange step by step:

Step # 1:

first, you will go to the Huobi exchange website and signup if you have already an account on this exchange then you will put your email. in such a case if you don't have the account so, first, you will create an account. here is the snap:

Step # 02:

After login, you will have two options to buy and sell the crypto. the first option is through the Visa card which is available in the quick buy-sell option. here is the snap:

Step # 03:

the other payment option is P2P in this option you will pay your amount to any third person. and the person will give you the crypto. here is snap:

Step # 04:

Huobi exchange also provides you the facility to convert your crypto like Steem to BTC or we can say BTC to Steem. here is a snap:

so, there is all from my side I hope understand well.

Thank you!

Special mentions:

@lenonmc21