You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Contest / S14W2 - Volatility in cryptocurrencies.

Hello drqamu.

You have explained about volatility in simple words which makes it easier to understand about this topic. I also found Bollinger Bands a good Indicator to use to measure volatility. It is good that you have explained about Bollinger bands in detail.

I think that volatility is beneficial for me and for other experienced traders who have given time to the market.

Yes, Experience traders have enough experience in the market and hence, they can can take advantage of high volatility but It is not always beneficial for them as we cannot predict volatility in the market. So, Experienced traders can also incur loss due to high volatility but they always do risk management and In this way, they can save their capital and take advantage of high volatility.

Good luck for the contest.

Sort:  
 7 months ago 

So, Experienced traders can also incur loss due to high volatility but they always do risk management and In this way, they can save their

You are right .

Thank you

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.029
BTC 58981.94
ETH 3097.70
USDT 1.00
SBD 2.38