Crypto Academy Week 12 - Homework Post for [@stream4u] || Crypto Margin Trading & Crypto Leveraged Tokens Trading
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I am @saad94. I am submitting my homework given by @stream4u. Thanks to him for his wonderful lecture.
Question: What Is Crypto Margin Trading??
Margin trading usually refers to borrowing capital. The advantage of trading large amounts through low balance or deposit is called margin trading. In other words, you will get the benefit of trading a large amount of cryptocurrency with less amount of cash. And can make huge profits due to a very small amount of price movement. Due to the margin facility, you can manage trades of $10000 or $100,000 or more than that.
Question: How To Plan For Trading In Crypto Margin Trading.?
When two people go to war, they have some necessary plan to fight. How to win or how to defeat the enemy. That's normal. But if one of them has no plan, he will not be able to win the war in any way. Margin trading is a lot like war. Here too the person who has a good plan about the market can survive. You will need to enter the trade only after analyzing the overall position of the market. If you are new, I advise you to practice a lot. There are currently platforms that allow such discussions with counterfeit currency, but if you already have experience in the market, it is not a problem to focus on yourself and get to know yourself first.
Question: Crypto Exchanges Name That Provide Margin Trading Service and What Margin They Provide??
Exchanges | Margin |
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ByBit | Upto 100x for coins like : BTC , XRP ,ETH etc . |
Binance | 5x |
FTX | 100x |
Poloniex | 2.5x |
Bitmex | 20x on ripple ,50x on ETH ,33.3x on LTC ,100x on BTC. |
Question: What Is Leveraged Tokens Trading???
To control a large amount of money, use your own very little money and borrow the rest of the money- this trading system is known as Leveraged Tokens Trading. For example, Brokers help you to take big entries/positions with low balance. This is basically leverage. For a buy of $ 100,000, the broker will use 1,000 from your account. Here, you took a position with a higher amount of money by spending less money. Leverage is always expressed in the form of ratios. Your leverage for this example above is 100: 1.
Question: How To Plan For Trading In Leveraged Tokens??
The initial investment of the leverage business increases by a certain percentage but it puts it at risk. It should be used with care and caution as it creates serious risks for leverage traders especially in the case of high volatility. 1: 100 leverage means you have taken 100 multipliers of your account. Now if your account balance is 100 dollars then your account amount will be 100 * 100 = 10000 dollars but your account balance will show 100 dollars. But you can open a trade worth 10,000. It is always better to start with small and short-term investments. Always keep an eye on the chart to make the best decision at the best time and get the best profit. Remember, leverage trading can bring a great output in a short time but It can cause you a great loss too. So, you should be careful using leverage tokens.
Question: Crypto Exchanges Name That Provides Leveraged Tokens Service and What Margin They Provide In Leveraged Tokens?
Exchanges | Margin |
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ByBit | 100x |
Binance | 1x to 125x |
Bitmex | 100x |
Deribit | 100x |
Houbi | 3x |
Poloniex | 5x |
Question: Price Forcast For steem coin.
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The current price of the stem coin is $1.17. Since the movement of BTC is really good, the steem market is on an uptrend now. There is a strong resistance range between $1.40-$1.50. Hopefully, steem will try to do a breakout on this range. If It can break it, we can see a very good movement of the coin. But I am hoping that It will try to break out two times and after performing a small correction, it will break the region on the third attempt. If the coin faces an unexpected fall, there is a strong support range between $0.75 - $0.80. Hopefully, it will bounce back from that range. But the indicators are showing a pretty good move. So I think steem price will remain between $1.30-$1.40 in the next one week.
Thank you.
To the attention of @stream4u.
Hi @saad94
Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.
Your Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
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