How education supports better trades
Here are a few concepts you ought to know to improve your trading skills
Smart people are not only smart, they only seem to do things from an informed perspective and this really involves the enlightenment gained by education. Many have been warned to always carry out diligent research whenever they want to invest in any project or take a decision related to financial implications in the form of trades and expenditures.
The blockchain and cryptocurrency community has always been at the forefront of crypto education all over the world in order to keep the new members up to speed on the developments and opportunities associated with the project of their choice. This can be in the form of exhibitions, conferences and hackathons for crypto communities. This in the long run tends to sharpen their skills and methods of communication in an ever-changing world especially in the field of cryptocurrency.
However, we would like to make some simple explanations regarding the need for education for people to capture it as a requirement for trading. Some of the terminologies and explanations are not necessarily cast on stones but would be explained in the best possible way available.
What is limit trading?
A limit order is an order to buy or sell crypto at a specific price or better. Such that a buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute. A limit order can only be filled if the coin/token market price reaches the limit price. While limit orders do not guarantee execution, they help ensure that an investor does not pay more than a predetermined price for a coin/ token.
What is Arbitrage trading?
Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from tiny differences in the asset's listed price. It exploits short-lived variations in the price of identical or similar financial instruments either in crypto or stocks or other assets in different markets or in different forms.
Arbitrage is trading that exploits the tiny differences in price between identical assets in two or more markets. The arbitrage trader buys the asset in one market and sells it in the other market at the same time in order to pocket the difference between the two prices.
What is day trading?
Day trading is the practice of buying and selling cryptocurrencies or stocks in a short time frame, typically a day. The goal is to earn a tiny profit on each trade and then compound those gains over time. In day trading, volatility rules. Day traders rely heavily on cryptocurrencies or stock market fluctuations to earn their profits.
They particularly like cryptocurrencies or stocks that bounce around a lot throughout the day, whatever the cause: a good or bad earnings report, positive or negative news, or just general market sentiment. They also like highly liquid or volume cryptocurrencies or stocks, ones that allow them to move in and out of a position without much affecting the price.
Newbies and crypto enthusiasts seeking to succeed in their quest for financial gain can benefit from these perks associated with education in the crypto industry.
We at Klever, would always put it at the forefront of our mandate to ensure people get the requisite knowledge necessary to become successful in trading amongst our crypto community. As there are so many dimensions to the crypto industry which makes it a behemoth that can be conquered in a single blow. So we encourage all our teaming community members to take a step further by enriching themselves with knowledge using our educational content coming out from our various platforms.
It is indeed a Klever thing to do.
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