Crypto Academy Week 12 || Homework Post for Professor @stream4u || Crypto Margin & Leveraged Tokens Tradings

Hi Steemians this is my homework post for Prof. @stream4u on Crypto Margin and Leveraged Tokens Tradings. I hope you enjoy it.

  1. What Is Crypto Margin Trading?

Margin Trading gives traders access to great sums of capital, allowing them to leverage their positions. In otherwords, Margin Trading is simply trading with much funds than you actually have. However, to run Margin Trading you need to have collateral or funds the exchange will hold in place. By this you may need to give up 10%, 50% or even 100% as collateral to borrow more than you actually have.

  1. How To Plan For Trading In Crypto Margin Trading.

To make it in the crypto margin trading, there is high need to develop your own strategy/plan and lots of practice to understand the market very well.

  1. testnet: here, you can have a free money and use it to test your plan/strategy. By this, you will get to understand leverage trading market.
  2. Adjust to the right leverage; here, when you see that a break wants to happen, you can throw in 10× long or short as the case may be, with a very tight stop loss order.
  3. Entry point; generally, entry point is everything. Good entry positions is the key here, like break-out and trend reversals.
  4. Emotion; trading with emotion must be avoided to avoid costly decisions. Learning to manage your emotion is important.
  1. Crypto Exchanges Name That Provide Margin Trading Service and What Margin They Provide?

Some of the Crypto Exchanges and there Margin

Binance upto X5
Bitmex X100
Poloniex X2.5
Derbit X100
Kraken X5

  1. What Is Leveraged Tokens Trading?

Leverage tokens are derivative products, which entails they take their values from the cryptocurrencies they track and are not the cryptocurrency itself.
For example, when you buy leverage tokens from Binance, you are not actually buying the tokens itself, they are different products and the price does move in relation to that.

  1. How To Plan For Trading In Leveraged Tokens?

Just very simple things to consider before going into leverage tokens trading.

  1. Do not trade a leverage tokens, until you know what they are. So, do your research very well before going in.

  2. You have to start little and slow. Don't go all-out, you have to slowly work your way in.

  1. Crypto Exchanges Name That Provide Leveraged Tokens Service and What Margin They Provide In Leveraged Tokens?

Kraken provides upto 5X
Binance, upto 10X
Huibi, upto 5X
Kucoin, upto 10X
Hedge, 1X

  1. Price Forcast For Crypto Assets XXXXXX. (This is similar question from last course, take any Crypto Assets Chart graph, as per its current price and its market trend predict its future price for only next week, what will be its future price for next 1week.Youcan predict for any direction up or down but explain it properly on what basis you have predicted the price. What will be the possible low level and high level fornext week).

iMarkup_20210505_204012.jpg

I expect the market to continue with it's down trend for some couple of days. So I expect it to drop to about $49,179, which will be my entry point. Thereafter, I expect it to pull back up to $57,000 or more before the end of next week.

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Hi @ericanthony

Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.

  • you explained well but need more detail about price forecast according to your experience and related given questions

thank you very much for taking participate in this class

Grade : 6

Thanks Professor @yousafharoonkhan. I appreciate.