Crypto Academy Week 12 - Homework Post for [@stream4u] …

in SteemitCryptoAcademy3 years ago

Hello friends,
I'm so glad today to discuss about my homework task that was given by professor @stream4u on the topic: "Crypto Margin Trading and Crypto Leveraged Tokens Trading".

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What Is Crypto Margin Trading?

Crypto margin trading is simply a practice that enable traders to achieve greater exposure to a special asset by borrowing capital from other traders on an exchange. In a nutshell crypto margin trading, is the type of trading exchange that allows traders to borrow specific asset from the capital of other traders in an exchange.

The margin trading help to multiply profits by 100X which capture the attention of traders. Any margin trading that opens a trade that involves 100X leverage, will multiply their exposure and potential profit by 100X. Let's say that for instance you have $50 and you leverage (borrow) $500 on this existing $100 to trade, is known as margin trading.

How To Plan For Trading In Crypto Margin Trading.

The best way to plan for trading in crypto margin trading is to identified and consider the few tips listed below:

  • Don't be in a hurry to start trading: plan your trade ahead of time rather than being confused when you start trading. And also be patient.

  • Start from little: since margin trading offers high potential profits compare to daily trading. Although higher profits involves higher risk. So, it is advisable to plan and consider starting out with little leverage like 1X or 2X before starting big.

  • Try and set a limit orders: try by setting your your buy or sell crypto at a specific price that will benefit you.

  • Use technical analysis and trading indicator: Don’t enter into trades that you are not fully prepared for. Take some time and make use of technical analysis and trading indicator instead of your emotions.

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

BitMax is a highly known exchange that offers leverage trading of up to 100X with interest rates which is one of the highest leverage Bitcoin trading online.

Binance is known as one of the world's most popular and best cryptocurrency exchange with a good maximum trading value.

ByBit stand as the most popular crypto margin trading platform, that offers up to 100X in trading.

Huobi Pro is a wide world cryptocurrency trading exchange that is known for multi-language support. In houbi traders can leverage up to 5X in Bitcoin and margin trade following cryptocurrencies for BTC.

Poloniex is a trading platform that offer normal trading account for day traders and also margin trading features for advanced traders. In Poloniex traders can leverage up to 2.5X in BTC and margin trading trade with about 11 cryptocurrencies for BTC.

What Is Leveraged Tokens Trading?

They are ERC20 tokens with leverage exposure without looking at the margin requirements and liquidation risk. In a nutshell Leveraged tokens trading is the type of trading that give traders the exposure to other asset that make use of leverage to minimize exposure base on Markets direction.

How To Plan For Trading In Leveraged Tokens?

  • Don’t own too many markets it's advisable to focus on few market that will make you achieve your goals instead of depending on too many market that will bring distraction and lead to losses.

  • Leveraged tokens aren’t buy-and-hold investments Investing in leverage tokens for a long time can lead to high risk, do it's advisable that you plan to hold your Investment for a shorter period of time in other to curb risk.

  • Pay attention to your research and market it's good when you do your own research as to help you understand the volatility performance of leveraged tokens.

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

Binance offers Binance leveraged tokens that have leverage between 1.25x and 4x.

Pionex offers leveraged tokens with an optimized rebalancing mechanism.

FTX offer leveraged tokens up to 3x.

Price Forcast For Crypto Assets XXXXXX. (This is similar question from last course, take any Crypto Assets Chart graph, as per its current price and its market trend predict its future price for only next week, what will be its future price for next 1 week.You can predict for any direction up or down but explain it properly on what basis you have predicted the price. What will be the possible low level and high level fornext week.).

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Looking at Litecoin price prediction tody being thursday, with a current price of $344.89. Now looking at the future price starting from Friday and in the next 1 week. Friday 7 may: minimum price $384.6, maximum $443.3 and at the end of the day price 413.5 dollars a coin. LTC to USD predictions on Monday, May, 10: minimum price $397.4, maximum $458.5 and at the end of the day the price of Litecoin will be 428.5 dollars per coin. Litecoin price prediction on Tuesday, May, 11: minimum price $434.4, maximum $502.1 and at the end of the day the price of Litecoin will be 469.3 dollars percoin. LTC to Predictions on Wednesday, May, 12: minimum price $424.2, maximum $487 and at the end of the day price 456.1 dollars a coin.

In 1 week Litecoin price prediction on Thursday, 13 may,: minimum price $433.5, maximum $497.7 and at the end of the day price 466.1 dollars per coin. In the next 1 week the price of Litecoin will be 10% higher than the current price $344.89 of today.

Thank You all....

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

  • you explained very well
  • look fine

thank you very much for taking interest in this class

Grade :7

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