Complicated Cryptocurrency Understanding: Crypt Guide, Branding periods, arrest loss and order flows
The cryptocurrency world has become increasingly popular in recent years. Many investors flock to digital currencies such as Bitcoin, Ethereum and others. However, browsing in this complex market can discourage, especially for beginners. In this article, we will break down the basic concepts of cryptocurrency trade, including puberty periods, detention orders and order flow.
What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses encryption (secret codes) to ensure and check operations. Unlike traditional currencies such as dollars, cryptocurrencies are decentralized, which means they are not controlled by any government or institution. The most famous cryptocurrency is Bitcoin, but others include Ethereum, Litecoin and Monero.
What is the puberty period?
The maturation period is the time the investor must have or control a certain source, in this case cryptocurrency such as Bitcoin. During the puberty, the percentage owned by the investor increases over time, usually 10% each month. This means that if the investor has 1000 cryptocurrency units and their investment period is three months, he will have at least 100 units (10% out of 1,000) after a month.
The understanding leaks to stop orders
The arrest procedure is a marginal order used to protect against losses. When done, it automatically sells activity if it has fallen below a certain price called profit level. Cryptocurrency trade usually uses arrest loss orders:
- Limit potential losses in long (purchase) or short positions (sale).
- Set the target price for a rapid sale of activities.
- Protects against a significant drop in prices.
Use exchanges such as Coinbase Pro or Binance to detect the loss of arrest loss, which offer a variety of options and functions to handle orders.
Understanding the order flow
Order flow means historical purchase and sale orders in exchange, including their time mark, prices and quantities. This information helps merchants to analyze market trends, to determine possible purchase and sale options and to provide future price changes.
Ordering flow in cryptocurrency trading is very important:
- Market Feeling Analysis: When studying flow flow models, traders can evaluate the overall mood of the market.
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Use platforms such as Coinigy, Cryptospector or CryptomPare to obtain order flow data when selling cryptocurrency, providing detailed insights into market activities.
Best Cryptocurrency Trade Practice
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- Use the correct financial leverage: Financial lever can strengthen earnings, but also increase leaks. When possible, use the position size with a 10x lever up to 20x.
- Diversifies: Investment in numerous cryptocurrency dissemination to reduce the impact of any activity of any activity.
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In conclusion, cryptocurrency trade is a complex area that requires knowing different concepts such as puberty periods, stop loss orders and order flows. By understanding these key elements, traders can make reasonable decisions and improve their success opportunities in the digital currency market.