Steemit Crypto Academy Contest / S3W4 – Cryptocurrency Trading by @soulical.

Hello Everyone

Heartfelt thanks to the steemit Crypto Academy community for organizing a contest on such a beautiful and important topic. Contest Season 3 Week 4 The topic of the contest is very important and essential in our daily life.Cryptocurrency trading has become a popular medium these days.

Introduction

Heartfelt love to the steemit Crypto Academy community. Because through some of your important contests and posts, we new users can learn many things that are very useful in our real life. And we are also able to solve and learn the lags we have about Crypto Currency. And as many people share their views on a topic we all get a better idea about that topic for which we are truly thankful to this community of you. I congratulate you for organizing such a beautiful competition.We are able to share our knowledge with you by participating in various topic competitions given by you and we are able to learn many things from the knowledge of others which is very much needed in our present time. That is, from this community we can gain overall knowledge on a subject. Which we need very much in the world of crypto currency.

★Discuss in your own words what is cryptocurrency trading? And tell us what type of trader are you or do you see it more effective? Justify your answers.

Discuss in your own words what is cryptocurrency trading?

• To me, Crypto currency trading means that I earn some profit or some loss in the short or long term through the exchange of any crypto currency. On the other hand, in cryptocurrency trading, you can start trading with a very small amount. Which you cannot do in other trading because in other trading you have to start trading with a very large amount.

And tell us what type of trader are you or do you see it more effective?

• Crypto currency trading depends entirely on your own will power. Because you can complete 4 types of trading here. The four types of trading you can do are short term trading, long term trading, mid term trading and futures trading. Of these, whichever trading you find reasonable for yourself is suitable for you. But I do short term trading from my long experience till now. Because I complete these trades with small profits in a very short period of time, I do not have to suffer any losses. Even if it is a small amount, I have profit. And that's why I do short trading. I don't like long term trading, because it is not reasonable for me to have my capital lying around for a long time. And that is why I give the most importance to short term trading. Although these are subject to a lot of analysis, you will be concentrating on trading with a lot of thought.

★Have you tested several time units? What Timeframe and Crypto Asset Pairs Are Best for You? Why?

I review the entire topic in a day basically using a three to four hour time frame. And depending on that review I conduct my trading activity for a day. You can say that since I am a short tailor, I spend four hours maximum in a day. And I'm trading on different factors of course I like. I mainly trade BTC/USDT and STEEM/USDT. The reason is that USDT Coin is a stable coin, as a result of which we can easily make profit, i.e. trading can be done very quickly without any kind of ricks.I do all my trading from my Binance account. STEEM/USDT pairs are very volatile, always fluctuate more or less, and that's why I mostly focus on trading with Steem coins. In this I was able to make some profit in short time. In my last contest I presentedClick to you the amount of trading.

★To acquire some trading experience, it is important to trade regularly. Have you had regular trading activity over the last few months? Tell us what you learned from this experience.

To gain experience about trading, you must be involved in trading constantly, that is, if you do trading regularly even if it is a small amount, you will get a clear idea about trading. Experiences that will lead you to your highest goals. One thing that constant trading will teach you is when is the right time to invest and when is the right time to withdraw your investment. And that is why it is necessary to be constantly connected with trading.That is, if you invest i.e. deposit at the wrong time, you may not benefit from it, you may suffer loss. And for that you have to gain a lot of experience when it is the right time for you to trade i.e. invest, but you will understand your profit.And you need to analyze the fundamental aspects of each coin.I have been involved in trading for five long years so far. That means for the last few months till today I have been regularly involved in training and trading. However, I feel that I lack a lot of knowledge. I would like to say from my few months of trading experience that you must take care before trading, what is the future and past of the coin that you are going to start trading and what is the current level then invest in this trading only. If not, you can suffer huge losses. I share this with you from my experience. I have suffered the biggest loss in the past few months investing in Luna Coin. Besides, I have no history of loss in my trading world.

★What impact does artificial intelligence have on crypto trading in the short and long term? Have you used before or want to handle an automatic trading robot? Tell us the causes of your choice.

It is very important in trading
artificial intelligence. Through which we can complete the trading very delicately and gracefully. By increasing the use of which we can avoid all types of risks and complete tradingThrough artificial intelligence we get accurate trading through which we can make a good profit and avoid losses. And that's why I think to ensure the maximum use of artificial intelligence and automatic trading robot. By doing this we can reduce the share of loss and increase the share of profit. And every thing will be very delicate and fast.Since I do short term trading, I don't use an automatic trading robot very often. But when I do mid term and long term trading sometimes I use this automatic trading robot. Which gives me a good experience ie service.

★Conclusion

I have written this blog from my complete experience. Hope you will benefit from Amare Block. Since trading is very important, I again suggest you to do trading through the best exchange in the world. Then you will be safe and can complete the trading in a very quick time. Since cryptocurrency coins are not stable, very fast exchanges are best for your trading. And for that I can suggest Binance Exchange.

★I invite you to participate in this competition
@ilias12
@shovo90
@cmashiquie99

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