Homework post for @fendit Steemit Crypto Academy - Season 2, Week 2 } Make your cryptocurrencies work for you by @kelechisamuel

It was a beautiful lesson by @fendit on make your crypto currencies work for you, I learnt a lot and will go straight to the homework answers

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Question 1
What is your aversion to risk, which of these products do you find the most interesting and why?

The lessons explains to us aversion to risk as an investor as steps taken to have relaxation with our trade predictions
It shows it's necessity since the future is no doubt ,a pregnant and unpredictable one and also helps us in loss management since the particular trade which brings profit or loss can't be foretold .
From the lesson ,my aversion to risk is ; STAKING (FIXED STAKING) ;

*The lesson shows and brings understanding of tolerance to risks and different aversion to risks and I find the Fixed Staking appealing since in the world of crypto trading risks can only be managed by not totally avoided and this fixed staking gives proper yield and time to the assets invested here by increasing profit to it's max level
*The amount of coins left in the wallet for the period of time chosen brings an inert interest or gain which is topped up based on how long the asset or coins are locked up for hereby maximizing profit
*More so ,the fixed stakings process gives financial discipline and control to traders who are quick to giving up on market moves and signals for example a weak hearted trader could just for a little weak movement decide to pull out assets on the flexible staking but the fixed staking gives control and discipline to the traders

Question 2
Explain in your own words fixed and flexible savings, token launches and high risk products.

1) Fixed savings

The concept of fixed savings as understood from the lesson shows a situation where a trader gets an idle gain for keeping his coins in a walker for an amount of time .
This concept shows the affixing of long term or short term crypto and also entitlement to a kind of income from it ..
The advantage of fixed savings as understood from the lesson includes the high interests gained from staking longer periods .
Demerits of fixed savings too include the inability of an investor to control crypto during a falling market or not being able to set a stop loss order during savings

2) Flexible savings

Flexible savings are better explained as slight opposites of the the fixed savings as explained above .
This one explains a reserved wage gotten by the trader for keeping of crypto with his or her ability to control or remove when ever he /she wants
Flexible savings bring benefits as traders could easily be exonerated from falling markets and can withdraw coins at any time in issues of find problems .
On the other hand .. flexible savings reduce the profits enjoyed as the interest isn't too much compared to fixed interest enjoyers

3) launch pool

This explains a communion of managerial/industrial partakers who come together to initiate crypto projects
Just like the name launch pool implies ,they show a relationship bringing investors closer for crypto projects benefitting investors and traders too
The lesson explains how the
binance launch pool uses our tokens to form other tokens which are given for free over a period of time

4) High risk products

This are products which are considered to be of high risk because of their volatility in the market, also the high risk products as the name sounds and implies shows asset investments with very high acceptance to risks
This kind of trading gives acceptance to high profits and in the same vein high losses too

The dual investment is an example of high risk products where you invest a crypto currency and expect returns with two different currencies
It is advisable you understand before you invest

Question 3
Show and give details of how to make the investment you chose in Binance. If you do not use this exchange, find out in yours what type of investments it is possible to make and, also, simulate the process in Binance.

So I'm going to be showing how to use the fixed stakings on the binance platform on my system ;

1) Log in to my binance Platform and click on finance tab on the top

2) Move to the Binance Earn icon and select staking ,choose locked staking.

3) There you see all the locked staking products with the rounded up percent of interest gotten for the period of time locked ie days ,months , year

4) Choose the asset you want to stake change the time and click on stake now .while the next page shows all the selected staking offer

5) This page shows the rounded up percent interest for each time frame you choose ie allowing you to pick the better one .

The staking period restricts you from withdrawing or performing any transactions during the locked up period

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6) If you do not wish to go ahead with the process and want to redeem your assets before the process is finished there is always a redeem earlier button there .

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7) After confirming the details , the amount you want to purchase is entered and the purchase confirmation button is clicked the deed is done .
This is the process involved in the fixed staking of an asset or crypto

Thank you all for going through my homework

Cc.
@ystemitblog
@steemcurator01
@steemcurator02
@fendit