DEMAND ENTRY IN CRYPTOCURRENCY MARKET TRADING
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Today I welcome you all to yet another wonder day and to an awesome time like this in this great community. I hope we all enjoyed the weekend so well without regrets. You are all welcome back to my page once again.
Today I am here to discuss with you all regarding an important topic which I have coined out today regarding the cryptocurrency market trading and I have titled the discussion for the day as DEMAND ENTRY IN CRYPTOCURRENCY MARKET TRADING.
This is an interesting topic regarding trading and it will help traders especially newbies who are curious regarding cryptocurrency market trading to know what demand is all about in the cryptocurrency market trading and also to know the right timing and the perfect spot to execute the trade and as such I urge you all to sit tight and relax as I begin the teaching for today. I wish you a happy reading.
Cryptocurrency market trading is not as easy as it seems and this is as a result of the various activities that are on going in the cryptocurrency market. A market that is being controlled by many people can not be dictated single handedly by just one person and as such it can only be predicted especially when making a trade in the cryptocurrency market.
Before we go deeper into today's discussion, I will like us to understand a given term known as DEMAND and also to know what it entails in the cryptocurrency market trading.
WHAT IS DEMAND?
Demand is said to be a scenario whereby an individual wants to purchase a particular asset and as such he goes into the market and then ask for that particular asset of his or her choice.
This can also be seen as the process or activity that deals with the purchase of an item from either the individual who is ready to sell the item or from the general market for a particular price value.
The above definitions already has given us a clue and a clear explanation of what demand is all about in a general terms and it is said to be an activity by which a person who wants to buy an asset will make request for the said asset in the market at a particular price.
Now in cryptocurrency market trading terms, the word demand is almost in line with the general terms but the only difference here is that an individual makes demands in the cryptocurrency market by executing an order and that trade order is called Buy entry order.
The buy entry order is an order that is executed in the cryptocurrency market by traders who already knows how to trade and how it works. They single handedly go to the trading application and launch into the market to make demands of certain cryptocurrency assets of their choice and not just that, they make sure that the cryptocurrency asset they are purchasing or are to be purchased has tendency of bringing them profits on the long run.
So to crown it all, demand is a request order that is placed by traders in the cryptocurrency market and this order is to purchase certain cryptocurrency assets of their choice and not just that, they place this order regarding cryptocurrency assets that have proven to do well in the market and as such they are considered to have great potential by traders in the cryptocurrency market.
HOW TO MAKE A DEMAND ENTRY IN CRYPTOCURRENCY MARKET TRADING
A lot of cryptocurrency traders especially newbies do not understand this concept not know how to place a demand order in the cryptocurrency market trading and this is why many traders get liquidated so fast because they have made the wrong analysis and also the wrong entry.
Just as I always advise, as a trader before you make any trade entry in the cryptocurrency market it is expedient that you make a good fundamental analysis regarding the asset activity in the cryptocurrency market as this will serve as a guide when executing your trade because you get to see what the asset price value is currently on with the fundamental analysis.
The first thing you need to do is to scrutinize the asset you wish to purchase in the market, make sure you have concise information regarding the asset and also know the road map of the asset project, the brains behind it and other vital information regarding the said asset.
Afterwards make your fundamental analysis regarding the asset in the market. One thing you must know is that it is advisable to purchase an asset when it is low in price value. This is applied in the various trade methods be it a Spot trade or a futures trade.
Make sure it has dropped down in price and has remain there for a while to confirm that it is not dropping down any further and after that has been confirmed by you, you can now execute your entry order at the current price value in other to start making profits when price eventually increases in the market.
When that is done, all you need to do is to map out your take profit and this depends on you. You can as well remove the take profit and watch it rise to the value you wish and afterwards you can exit the market by letting it off in the market after you must have been satisfied with the profits you have made in the market when the price value of the said asset goes up eventually.
CONCLUSION
In a nutshell that is how to execute a buy entry trade otherwise known as Demand in the cryptocurrency market trading. Just as I have mentioned, it is important to always make sure of your fundamental analysis and also get the right information about the asset you wish to purchase in the market in other to save yourself from scammed projects and rugs in the market.
The right information helps us to make the right decision in the market and with the right information you will be guided not to make mistakes especially when trading in the cryptocurrency market. Also note that you should demand for assets when it is low rather than when it is high.
Thank you all for your time. I look forward to seeing you all next time.
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This is an interesting post on difference between conventional market trading and cryptocurrency trading
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