Steemit Crypto Academy | Summary On Homework Task Week2-Season 2

First of all, I would like to thank all 156 members participating in my crypto lesson in the second weeks-season 2, and nearly many of them have done well and performed the exercises provided with diligence and perseverance, and this is evidence of the desire of many of them to learn and understand the many techniques. Our community SteemitCryptoAcademy aims to be a place to spread scientific knowledge and thinking about the world of blockchain and cryptocurrencies, to simplify concepts for our dear platform members who wish to enter this world from its widest doors. So it is my duty as a professor to do my best to present the information smoothly and easily.

Regarding this week’s topics, we dealt with the issue of trading cryptocurrencies using contracts for difference, and through it, I asked the participants to answer the following questions:

- What is a cryptocurrency CFD?
- How do I know if cryptocurrency CFDs are suitable for my trading strategy?
- Are CFDs risky financial products?
- Do all brokers offer cryptocurrency CFDs?
- Explain how you can trade with cryptocurrency CFDs on one of the brokers (Using a demo account).

Homework correction :

I will try to summarize the answers as follows:

What is a cryptocurrency CFD?

A CFD (Contract for Difference) is a financial derivative product whose value derives from the underlying asset, a cryptocurrency in this case. With a CFD on cryptocurrencies, you do not buy coins or tokens. When we open a short buy or sell position with a crypto CFD, we simply enter into a contract with our broker which consists of exchanging the difference in the value of this token between the time of the opening and the closing. closure of this contract.

How do I know if cryptocurrency CFDs are suitable for my strategy?

Cryptocurrency CFD trading is particularly popular with those who do not want to own cryptocurrencies, but still want to profit from their price variation. Besides, cryptocurrency CFDs allow you to bet on the rise and fall of a digital currency. Finally, it is possible to increase your exposure to the digital currency market through margin trading and the leverage offered by crypto CFDs.

Are CFDs risky financial products?

As with any financial product involving over-the-counter markets, CFDs are inherently risky products. Plus, they use leverage which can quickly increase your returns on small investments, but also amplify your losses. It is advisable to have some market experience (and an established trading strategy) to trade CFDs. This is even more true when it comes to CFDs in highly volatile markets like cryptocurrency.

Do all brokers offer cryptocurrency CFDs?

No. You must first select a broker or CFD broker to be able to trade CFDs. Next, you need to analyze the financial instruments offered by this broker to find out if it offers CFDs on the cryptocurrencies you want to trade.

Explain how you can trade with cryptocurrency CFDs on one of the brokers (Using a demo account).

You can choose any existing broker in the market and try to create a demo account to practice cryptocurrency CFDs trading.

Evaluation criteria :

The evaluation of the work and the assignment of marks passes through five criteria that must be taken into account, which are respectively:

Criterion n ° 1: Relevance and originality of the article (/ 2)

• Is the issue relevant concerning the objectives of the review?
• Does the article contribute new content or enriching critical analysis?
• Does the way of approaching the subject and of analyzing it contributes to the advancement of knowledge?

Criterion n ° 2: Compliance with the topics (/ 2)

• Is the theoretical framework well explained and consistent with the problem?
• Are the concepts clearly defined?
• Are the references cited appropriate, relevant, sufficient, diverse, and recent?

Criterion n ° 3: Coherence and rigor of the methodology (/ 2)

• Is the methodology clearly explained? (sample, data collection method, analysis method)
• Is the methodology consistent with the problem?
• Does it provide relevant results?

Criterion n ° 4: Quality of analysis and/or discussion (/ 2)

• How would you rate the richness of the analysis and/or the discussion?
• Do they meet the objectives announced at the beginning of the text?

Criterion n ° 5: Clarity and structure of the text, quality of the language (/ 2)

• Is the text structured coherently?
• Are the conclusions clear?
• Is the article accessible to a reader who is not a specialist in the question dealt with (definition of the concepts used)?
• Are the grammar, syntax, spelling satisfactory for a scientific publication?

Finally, we introduce a general comment on the article and suggestions for the author with some recommendations if necessary.

Results, Observations and Suggestions:

Rating	Excellent Content	Good Content	Average Content	Under average Content	plagiarism Content
Statistics	15	58	55	22	6

General observations:

The topic, accessible to everyone, was generally well understood. However, the average level of some reporting can be explained by problems of style and editing quality. Few of the participants can demonstrate the spirit of synthesis.

We have a proverb that says, "Only its stones remain in the valley", after the effort made by our wonderful team, loyal to our community Steemit CryptoAcademy to confront all kinds of fraud and plagiarism, which resulted in a shortage of this phenomenon strikingly this week so that most of the works are individual productions of an acceptable level.

Suggestions :

• You must attract the reader's attention from the beginning of the article, as this step ensures that the reader continues reading the article to the end, but it must be in an ideal way and with innovative ideas.
• It is better when writing an article that you feel that you are writing for one person only, just like what I am doing with you now, so that every reader feels that the article is directed to him or that you are speaking to it, this makes the reader eager to read your article.
• Do not suddenly move from one idea to another, each paragraph must logically follow the other, and although it is possible to differ ideas from one paragraph to another, there must be a sequence and agreement between the paragraphs and the ideas.
• The ideal paragraph is 4 to 6 lines long, which is sufficient to clarify your point of view to the reader, and prevent the reader from feeling that the article is long or boring.
• When you are doing the last review, try to assume the role of the reader who sees the article for the first time. This greatly helps you to know how your readers will receive your message.
• One of the most important and best methods used to avoid getting a high rate of plagiarism is for the student to read the content he desires and then understand and reformulate it in his own language and vocabulary and according to his understanding without using the original vocabulary of the sentences or even the basic arrangement for them.

TOP 3 Homework week 2 season 2.

The selection of the three winning participants was not easy for me, but I have to name them, and they are respectively:

• @cryptokraze

https://steemit.com/hive-108451/@cryptokraze/crypto-academy-week-10-or-homework-post-for-kouba01-or-cryptocurrency-contracts-for-difference-cfds-trading

• @janettyane

https://steemit.com/hive-108451/@janettyanez/steemit-crypto-academy-season-2-week2-homework-post-for-kouba01-or-cryptocurrency-contracts-for-difference-cfds-trading

• @tht

https://steemit.com/hive-108451/@tht/crypto-academy-season-2-week-2-homework-post-for-kouba01-cryptocurrency-contracts-for-difference-cfds-trading

Finally, My warm congratulations to all the winners, but I would like to mention that maintaining success is more difficult than success itself. Every day many people succeed and take it as a reason for comfort, and few of them take it as a reason for more work!

Cc:-
@steemitblog
@steemcurator01
@steemcurator02