You can buy cryptocurrency on exchanges: centralized (CEX) or decentralized (DEX).
CEX exchanges are managed by organizations that oversee all operations and provide maintenance and security. User tokens are stored in exchange wallets. There is a commission for trading. When registering, you need to confirm your phone number and email. To work, as a rule, you need to undergo KYC/verification: confirm your identity using a passport/international passport/driver’s license. Many of these exchanges provide the opportunity to buy tokens for fiat (rubles).
DEX exchanges work differently. Coins are exchanged for them without intermediaries. A commission is charged for the exchange. There is no need to register here; to use it you need to connect your wallet (click connect wallet and enter the wallet password). Coins will be transferred from wallet to wallet. For each transaction, the wallet will request permission to confirm the operation. DEX is more difficult to use.
CEX exchanges are managed by organizations that oversee all operations and provide maintenance and security. User tokens are stored in exchange wallets. There is a commission for trading. When registering, you need to confirm your phone number and email. To work, as a rule, you need to undergo KYC/verification: confirm your identity using a passport/international passport/driver’s license. Many of these exchanges provide the opportunity to buy tokens for fiat (rubles).
DEX exchanges work differently. Coins are exchanged for them without intermediaries. A commission is charged for the exchange. There is no need to register here; to use it you need to connect your wallet (click connect wallet and enter the wallet password). Coins will be transferred from wallet to wallet. For each transaction, the wallet will request permission to confirm the operation. DEX is more difficult to use.
Top Cryptocurrencies to Watch in 2024! 🚀
Are you ready to dive into the world of cryptocurrencies? Here’s a snapshot of the most promising cryptos to consider for the upcoming year:
1. EarthMeta (EMT) – Tap into an AI-driven metaverse platform.
2. Ethereum (ETH) – The pioneer of smart contract technology.
3. Solana (SOL) – Known for its speed and low transaction costs.
4. XRP (Ripple) – Optimizing global payments.
5. Dogecoin (DOGE) – The famous meme coin with a robust community.
6. Toncoin (TON) – Powering high-capacity operations on Telegram’s blockchain.
7. Cardano (ADA) – A platform celebrated for its security and scalability.
8. Shiba Inu (SHIB) – Another beloved meme coin driven by a vibrant community.
9. Avalanche (AVAX) – Ideal for developers of high-throughput apps.
10. ChainLink (LINK) – Connects smart contracts with real-world data.
11. Tron (TRX) – A hub for digital entertainment content.
Are you ready to dive into the world of cryptocurrencies? Here’s a snapshot of the most promising cryptos to consider for the upcoming year:
1. EarthMeta (EMT) – Tap into an AI-driven metaverse platform.
2. Ethereum (ETH) – The pioneer of smart contract technology.
3. Solana (SOL) – Known for its speed and low transaction costs.
4. XRP (Ripple) – Optimizing global payments.
5. Dogecoin (DOGE) – The famous meme coin with a robust community.
6. Toncoin (TON) – Powering high-capacity operations on Telegram’s blockchain.
7. Cardano (ADA) – A platform celebrated for its security and scalability.
8. Shiba Inu (SHIB) – Another beloved meme coin driven by a vibrant community.
9. Avalanche (AVAX) – Ideal for developers of high-throughput apps.
10. ChainLink (LINK) – Connects smart contracts with real-world data.
11. Tron (TRX) – A hub for digital entertainment content.
✅ Blockchain Technology
🌐 A blockchain is similar to a database but better. Databases store a large volume of data electronically on a computer or on servers made up of powerful computers. These servers are often centralized in a location and built for easy storage and retrieval of data.
The blockchain differs from a database in setup. Unlike a database, the blockchain is a decentralized public ledger. The computers powering the network are not all under one roof or operated by one single individual.
➡️ In addition, a blockchain collects multiple data together in groups, otherwise known as ‘blocks.’ These blocks have specific storage capacities. Once filled, the blocks are chained and added to the previously filled block to form a chain of data known as a “block-of-chain” or the “blockchain.”
In the case of Bitcoin, the blockchain stores every Bitcoin transaction initiated on the network.
🌐 A blockchain is similar to a database but better. Databases store a large volume of data electronically on a computer or on servers made up of powerful computers. These servers are often centralized in a location and built for easy storage and retrieval of data.
The blockchain differs from a database in setup. Unlike a database, the blockchain is a decentralized public ledger. The computers powering the network are not all under one roof or operated by one single individual.
➡️ In addition, a blockchain collects multiple data together in groups, otherwise known as ‘blocks.’ These blocks have specific storage capacities. Once filled, the blocks are chained and added to the previously filled block to form a chain of data known as a “block-of-chain” or the “blockchain.”
In the case of Bitcoin, the blockchain stores every Bitcoin transaction initiated on the network.
🚀 7 Biggest Bitcoin Myths! 🔍
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
✅Cryptocurrencies look to offer several benefits over traditional money.
➡️These include:
➡️Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.
➡️Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.
➡️Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
➡️These include:
➡️Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.
➡️Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.
➡️Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
Who are Bulls?
Bulls are a term used in financial markets to describe traders or investors who believe that the prices of certain assets will rise. They act based on the belief in an upward market trend and buy assets to profit from future price increases.
Main characteristics of bulls:
Bulls are usually optimistic and expect that the market or a specific asset will rise in price.
Bulls buy stocks, bonds, commodities, or other financial instruments, expecting their value to increase.
Bullish investment strategies focus on long-term growth and capital appreciation. They may include buying the dip and holding assets for an extended period.
A prolonged period of rising market prices is called a bull market. During such times, the economy often thrives, and investor sentiment remains positive.
Impact of bulls on the market:
Active buying by bulls can lead to rising asset prices and improved overall market sentiment.
In periods of excessive optimism, bulls can contribute to the formation of financial bubbles, where asset prices significantly exceed their intrinsic value.
Bulls are a term used in financial markets to describe traders or investors who believe that the prices of certain assets will rise. They act based on the belief in an upward market trend and buy assets to profit from future price increases.
Main characteristics of bulls:
Bulls are usually optimistic and expect that the market or a specific asset will rise in price.
Bulls buy stocks, bonds, commodities, or other financial instruments, expecting their value to increase.
Bullish investment strategies focus on long-term growth and capital appreciation. They may include buying the dip and holding assets for an extended period.
A prolonged period of rising market prices is called a bull market. During such times, the economy often thrives, and investor sentiment remains positive.
Impact of bulls on the market:
Active buying by bulls can lead to rising asset prices and improved overall market sentiment.
In periods of excessive optimism, bulls can contribute to the formation of financial bubbles, where asset prices significantly exceed their intrinsic value.
Top 8 Cyberattacks in Crypto and How to Stay Safe
In the volatile world of cryptocurrency, cyberattacks are a persistent threat. Knowing the most common attacks and how to guard against them is essential for safeguarding your digital assets. Here’s a rundown of the 8 most frequent cyberattacks and prevention tips:
1. Phishing Attacks
Denoscription: Attackers trick users into revealing private keys or seed phrases via fake emails, texts, or websites.
Prevention: Enable two-factor authentication (2FA), verify URLs, and avoid clicking on suspicious links or attachments.
2. Malware Attacks
Denoscription: Malicious software is used to steal crypto or hijack computing power for cryptojacking.
Prevention: Install trusted antivirus software, only download apps from reputable sources, and be cautious with wallet apps and browser extensions.
3. Ransomware Attacks
Denoscription: Files are encrypted, and attackers demand cryptocurrency for decryption.
Prevention: Regularly back up files offline, be careful with email links and attachments, and keep security software up to date.
4. Denial-of-Service (DoS) Attacks
Denoscription: Floods of traffic disrupt crypto exchanges or networks, halting operations.
Prevention:Use exchanges with strong security, diversify your holdings, and store crypto offline in hardware wallets.
5. Man-in-the-Middle (MitM) Attacks
Denoscription:Attackers intercept communication between you and a crypto platform to steal your credentials.
Prevention: Always use HTTPS websites, avoid public WiFi, and use a VPN for extra security.
6. SQL Injection Attacks
Denoscription:Hackers exploit application vulnerabilities to access or alter database data.
Prevention:Stick to secure platforms, use parameterized queries, and report vulnerabilities to platform security teams.
7. Zero-Day Attacks
Denoscription:Attackers exploit unknown vulnerabilities in software or hardware wallets.
Prevention:Update systems regularly, use hardware wallets for offline storage, and stay alert for security updates.
8. Social Engineering Attacks
Denoscription: Scammers manipulate users into giving away private keys or transferring crypto.
Prevention: Never share private keys or seed phrases, be cautious of unsolicited offers, and verify requests through multiple channels.
In the volatile world of cryptocurrency, cyberattacks are a persistent threat. Knowing the most common attacks and how to guard against them is essential for safeguarding your digital assets. Here’s a rundown of the 8 most frequent cyberattacks and prevention tips:
1. Phishing Attacks
Denoscription: Attackers trick users into revealing private keys or seed phrases via fake emails, texts, or websites.
Prevention: Enable two-factor authentication (2FA), verify URLs, and avoid clicking on suspicious links or attachments.
2. Malware Attacks
Denoscription: Malicious software is used to steal crypto or hijack computing power for cryptojacking.
Prevention: Install trusted antivirus software, only download apps from reputable sources, and be cautious with wallet apps and browser extensions.
3. Ransomware Attacks
Denoscription: Files are encrypted, and attackers demand cryptocurrency for decryption.
Prevention: Regularly back up files offline, be careful with email links and attachments, and keep security software up to date.
4. Denial-of-Service (DoS) Attacks
Denoscription: Floods of traffic disrupt crypto exchanges or networks, halting operations.
Prevention:Use exchanges with strong security, diversify your holdings, and store crypto offline in hardware wallets.
5. Man-in-the-Middle (MitM) Attacks
Denoscription:Attackers intercept communication between you and a crypto platform to steal your credentials.
Prevention: Always use HTTPS websites, avoid public WiFi, and use a VPN for extra security.
6. SQL Injection Attacks
Denoscription:Hackers exploit application vulnerabilities to access or alter database data.
Prevention:Stick to secure platforms, use parameterized queries, and report vulnerabilities to platform security teams.
7. Zero-Day Attacks
Denoscription:Attackers exploit unknown vulnerabilities in software or hardware wallets.
Prevention:Update systems regularly, use hardware wallets for offline storage, and stay alert for security updates.
8. Social Engineering Attacks
Denoscription: Scammers manipulate users into giving away private keys or transferring crypto.
Prevention: Never share private keys or seed phrases, be cautious of unsolicited offers, and verify requests through multiple channels.
How long it took these successful traders to achieve success:
Marty Schwartz: 10 years
Jesse Livermore: 6 years
Mark Minervini: 6 years
Paul Tudor Jones: 5 years
So, give yourself a realistic timeline. Trading is a serious, long-term commitment.
Marty Schwartz: 10 years
Jesse Livermore: 6 years
Mark Minervini: 6 years
Paul Tudor Jones: 5 years
So, give yourself a realistic timeline. Trading is a serious, long-term commitment.
Cryptography and Network Security.pdf
10.8 MB
Cryptography and Network Security
Marcelo Sampaio de Alencar, 2022
Marcelo Sampaio de Alencar, 2022
🟢A Beginner's Guide to Cryptocurrency Trading Strategies
There are countless ways to profit off of trading cryptocurrency. Trading strategies help you organize those techniques into a coherent framework that you can follow. This way, you can continually monitor and optimize your cryptocurrency strategy.
The two main schools of thought you’ll need to consider when building a trading strategy is technical analysis (TA) and fundamental analysis (FA). We’ll differentiate which one applies to which of these strategies, but make sure you understand the differences between these concepts before going further.
Since there are many different trading strategies, we’ll cover some of the most common ones. This article mainly focuses on cryptocurrency trading strategies. However, these may also apply to other financial assets, such as forex, stocks, options, or precious metals like gold.
There are countless ways to profit off of trading cryptocurrency. Trading strategies help you organize those techniques into a coherent framework that you can follow. This way, you can continually monitor and optimize your cryptocurrency strategy.
The two main schools of thought you’ll need to consider when building a trading strategy is technical analysis (TA) and fundamental analysis (FA). We’ll differentiate which one applies to which of these strategies, but make sure you understand the differences between these concepts before going further.
Since there are many different trading strategies, we’ll cover some of the most common ones. This article mainly focuses on cryptocurrency trading strategies. However, these may also apply to other financial assets, such as forex, stocks, options, or precious metals like gold.
Exploring the Benefits of Non-Recourse Loans in Crypto
In finance, minimizing risk is key. Non-recourse loans offer a unique way to leverage assets while limiting risk exposure strictly to the collateral.
Picture this: John wants to invest in Ethereum without selling his Bitcoin holdings. He takes a non-recourse loan, using Bitcoin as collateral. If the investment goes south, the lender can only seize the Bitcoin—not John's other assets.
Non-recourse loans are especially useful in crypto and trading due to their:
- Collateralization: Use crypto as collateral to access funds without selling assets.
- Volatility Risk Management: Limit exposure to the collateral, even in volatile markets.
- Flexibility: Ideal for leveraging investments or meeting personal expenses.
Similar to margin trading in traditional finance, non-recourse loans allow you to boost buying power while controlling risk. However, these loans can carry challenges like margin calls or liquidation.
For those in crypto and trading, understanding non-recourse loans is essential for managing financial risk and seizing growth opportunities while safeguarding assets.
In finance, minimizing risk is key. Non-recourse loans offer a unique way to leverage assets while limiting risk exposure strictly to the collateral.
Picture this: John wants to invest in Ethereum without selling his Bitcoin holdings. He takes a non-recourse loan, using Bitcoin as collateral. If the investment goes south, the lender can only seize the Bitcoin—not John's other assets.
Non-recourse loans are especially useful in crypto and trading due to their:
- Collateralization: Use crypto as collateral to access funds without selling assets.
- Volatility Risk Management: Limit exposure to the collateral, even in volatile markets.
- Flexibility: Ideal for leveraging investments or meeting personal expenses.
Similar to margin trading in traditional finance, non-recourse loans allow you to boost buying power while controlling risk. However, these loans can carry challenges like margin calls or liquidation.
For those in crypto and trading, understanding non-recourse loans is essential for managing financial risk and seizing growth opportunities while safeguarding assets.
Most Tokens Go to Zero in the Long Run
Many crypto tokens are created primarily to benefit a small circle of insiders and VCs. These project's tokenomics focus on enriching their founders rather than delivering long-term value, leading to a lack of genuine commitment to the success in the long period.
Most of these tokens lack intrinsic value and aren't truly connected to the technology they claim to represent. Without real utility or solid fundamentals, they're prone to losing value over time and will eventually become worthless by underperforming market leaders for long enough.
During bull markets, even weak assets can experience significant price increases due to overall market enthusiasm—the "rising tide lifts all boats" effect. This can give the illusion that these tokens are successful when they're simply riding the wave of market optimism
When the market corrects, investors typically shift their capital from speculative, overhyped tokens to solid projects with proven track records. Funds flow back into fundamental blue-chip crypto assets like BTC, ETH, and SOL, which have demonstrated resilience
Many crypto tokens are created primarily to benefit a small circle of insiders and VCs. These project's tokenomics focus on enriching their founders rather than delivering long-term value, leading to a lack of genuine commitment to the success in the long period.
Most of these tokens lack intrinsic value and aren't truly connected to the technology they claim to represent. Without real utility or solid fundamentals, they're prone to losing value over time and will eventually become worthless by underperforming market leaders for long enough.
During bull markets, even weak assets can experience significant price increases due to overall market enthusiasm—the "rising tide lifts all boats" effect. This can give the illusion that these tokens are successful when they're simply riding the wave of market optimism
When the market corrects, investors typically shift their capital from speculative, overhyped tokens to solid projects with proven track records. Funds flow back into fundamental blue-chip crypto assets like BTC, ETH, and SOL, which have demonstrated resilience
🚀 Top Ways to Earn Money in Crypto 🚀
1. Trading: Day trading, swing trading, and arbitrage.
2. Investing: HODLing and participating in ICOs/IDOs/IEOs.
3. Staking: Earn rewards by staking in PoS and DPoS networks.
4. Yield Farming & Liquidity Mining: Provide liquidity to DeFi platforms.
5. Mining: PoW mining and cloud mining.
6. Earning Interest: Deposit crypto in lending platforms.
7. Airdrops & Forks: Get free tokens from projects.
8. NFTs: Buy, sell, and create digital assets.
9. Affiliate Programs: Earn commissions by promoting crypto services.
10. Freelancing: Get paid in crypto for your services.
🔒 Tips:
- Do your research 📚
- Manage your risks ⚠️
- Stay secure 🔐
- Follow regulations 📜
Happy earning! 💰🚀
2. Investing: HODLing and participating in ICOs/IDOs/IEOs.
3. Staking: Earn rewards by staking in PoS and DPoS networks.
4. Yield Farming & Liquidity Mining: Provide liquidity to DeFi platforms.
5. Mining: PoW mining and cloud mining.
6. Earning Interest: Deposit crypto in lending platforms.
7. Airdrops & Forks: Get free tokens from projects.
8. NFTs: Buy, sell, and create digital assets.
9. Affiliate Programs: Earn commissions by promoting crypto services.
10. Freelancing: Get paid in crypto for your services.
🔒 Tips:
- Do your research 📚
- Manage your risks ⚠️
- Stay secure 🔐
- Follow regulations 📜
Happy earning! 💰🚀
What is funding in crypto trading? 💸
In cryptocurrencies, funding refers to the funding rate that is redistributed among traders holding positions in perpetual futures.
Funding is a periodic payment/write-off for traders with open positions in perpetual futures, which allows them to compensate for the long-term difference between the price of the underlying asset and the derivative contract.
The need for funding arose from the idea of perpetual futures, which have no maturity and can be held indefinitely. Therefore, to compensate for the difference in the price of the asset and the contract, a financing rate mechanism was launched.
Crypto Trends📈
In cryptocurrencies, funding refers to the funding rate that is redistributed among traders holding positions in perpetual futures.
Funding is a periodic payment/write-off for traders with open positions in perpetual futures, which allows them to compensate for the long-term difference between the price of the underlying asset and the derivative contract.
The need for funding arose from the idea of perpetual futures, which have no maturity and can be held indefinitely. Therefore, to compensate for the difference in the price of the asset and the contract, a financing rate mechanism was launched.
Crypto Trends📈
The Blockchain Developer, 2019.pdf
11.7 MB
The Blockchain Developer
Elad Elrom, 2019
Elad Elrom, 2019
Types of stablecoins
Today, we’ll tell you about the three main categories of stablecoins.
▪️ Stablecoins backed by fiat currencies
These coins are backed by real-life assets, fiat money, or paper money. Two examples of this stablecoin are Tether (USDT) and USD Coin (USDC). The companies issuing these coins own large reserves to support every issued coin; however, Tether has come under intense scrutiny in the past for this specific issue.
▪️ Stablecoins backed by cryptocurrencies
Some projects are so bold that they’re willing to back their stablecoin with other cryptocurrencies (not real assets or money). For example, a crypto-backed stablecoin with a value of $1 could be supported by a crypto asset worth $2. The logic here is that if the underlying asset’s value were to drop, the stablecoin would still be able to maintain its dollar peg.
The most famous crypto-backed stablecoin is Dai (DAI).
▪️ Algorithmic stablecoins
Algorithmic stablecoins are not backed by assets or fiat currencies, which makes it difficult to understand why or how they’re stablecoins in the first place. As their name indicates, the value of these coins is controlled by computer algorithms. If the stablecoin’s value is pegged to $1 but rises above $1, the code will automatically mint and release more coins into circulation to lower the stablecoin’s value back to $1. Conversely, if the value drops below $1, the algorithm will remove—or burn—coins from circulation to lift the value back up to $1. The amount of coins you hold will change, but they’ll always reflect the value you own.
Please note: Stablecoins are not dollars—they’re cryptocurrencies. Even when dealing with stablecoins, investing in crypto carries inherent risks—case in point the collapse of Terra’s algorithmic stablecoin TerraUSD.
Today, we’ll tell you about the three main categories of stablecoins.
▪️ Stablecoins backed by fiat currencies
These coins are backed by real-life assets, fiat money, or paper money. Two examples of this stablecoin are Tether (USDT) and USD Coin (USDC). The companies issuing these coins own large reserves to support every issued coin; however, Tether has come under intense scrutiny in the past for this specific issue.
▪️ Stablecoins backed by cryptocurrencies
Some projects are so bold that they’re willing to back their stablecoin with other cryptocurrencies (not real assets or money). For example, a crypto-backed stablecoin with a value of $1 could be supported by a crypto asset worth $2. The logic here is that if the underlying asset’s value were to drop, the stablecoin would still be able to maintain its dollar peg.
The most famous crypto-backed stablecoin is Dai (DAI).
▪️ Algorithmic stablecoins
Algorithmic stablecoins are not backed by assets or fiat currencies, which makes it difficult to understand why or how they’re stablecoins in the first place. As their name indicates, the value of these coins is controlled by computer algorithms. If the stablecoin’s value is pegged to $1 but rises above $1, the code will automatically mint and release more coins into circulation to lower the stablecoin’s value back to $1. Conversely, if the value drops below $1, the algorithm will remove—or burn—coins from circulation to lift the value back up to $1. The amount of coins you hold will change, but they’ll always reflect the value you own.
Please note: Stablecoins are not dollars—they’re cryptocurrencies. Even when dealing with stablecoins, investing in crypto carries inherent risks—case in point the collapse of Terra’s algorithmic stablecoin TerraUSD.
🟢Swing trading
🔺Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.
Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out.
🟢Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.
👉Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.
👉This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.
🔺Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.
Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out.
🟢Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.
👉Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.
👉This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.