Author: misamaliraza94
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How to place a trade?
What you’ll learn The basic options for executing a trade The terminology of trading execution The input options for making a trade How to combine trading with strategy How to close out a trade You might assume that learning how to actually place a cryptocurrency trade would be among the first things included in our…
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So should I use a CEX or a DEX to trade crypto?
Both types of crypto exchanges play a major role today in giving newcomers their first exposure to cryptocurrency but have some differences in how they manage crypto storage, liquidity, platform and data security, as well as usability. If you are a reasonably experienced crypto owner, and privacy and control over your funds are of the…
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Decentralised Exchanges (DEXs) vs Centralised Exchanges (CEXs): Pros and Cons
As explained, there are several differences between how centralised crypto exchanges and decentralised crypto exchanges operate. The fundamental difference is that centralised exchanges control user funds while decentralilsed exchanges allow their users to maintain control of their funds. Choosing the right type of exchange to trade crypto, however, does depend on more than just custody…
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DEX: What’s a Decentralised Crypto Exchange?
In the very early days, getting your hands on cryptocurrency wasn’t as simple or easy to do for regular people since using crypto wallets required a certain level of technical knowledge and computer skills. Most people also had to buy crypto informally or from other people using peer-to-peer methods. Centralised crypto exchanges led the charge…
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CEX: What’s a Centralised Crypto Exchange?
A centralized crypto exchange is a platform that helps people to buy, sell or swap digital assets using fiat currencies and other cryptocurrencies. Simply put, it’s where you go to have someone help you exchange one type of currency – fiat money or cryptocurrency – for another. The term centralised itself is seldom actually used to describe…
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What are the risks of using a decentralised exchange (DEX) vs a centralised exchange (CEX)?
Crypto exchanges like Coinbase, Binance and other major crypto-based companies have led cryptocurrencies into mainstream consciousness over the past decade. These centralised exchanges are also the most common way people buy their first digital assets. However, decentralized trading platforms like Uniswap have emerged as a more transparent and accessible alternative to trading crypto. In this…
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Subjective Elements of a Trading Journal
The subjective analysis of your trades can be in an annotation form, and record things like how you well feeling, and how much sleep you got the previous night, to notes about things you feel you got wrong and trading skills you should spend time learning about or improving. When you are at the point…
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What is a Trading Journal?
A Trading Journal is both an objective record of your trading decisions (numbers & dates) as well as a subjective record of why you made them and how they panned out. If you are serious about cryptocurrency trading you must be willing to keep a Trading Journal that is entirely honest. It is too easy…
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Day/Swing Trading
Within traditional stock markets Day Trading relates to trading within the specific hours that markets open and close. Of course crypto markets never close, they trade 24/7/365, so the concept of Day Trading really means someone who is actively trading the markets on a day-to-day basis, opening short term positions, based on Technical Analysis of…
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Momentum/Position Trading
Another crypto trading strategy that is suitable for someone who is just getting started, and may lack the technical understanding and time commitment, is Momentum Trading – also known as Position Trading. Momentum Trading is essentially a more sophisticated version of hodling. A hodler will buy and hold – that is it. Momentum or Position Trading will be…