Crypto Academy Week 12 Homework Post For @stream4u - Crypto Margin Trading & Crypto Leveraged Tokens Trading

in SteemitCryptoAcademy3 years ago (edited)

On this occasion I will try to answer questions from the homework given by professor @stream4u, as for this week's class related to the Crypto Margin Trading & Crypto Leveraged Tokens Trading, Okay I will answer them one by one

1. What Is Crypto Margin Trading?

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Crypto margin trading is a trading concept for a trader who trades by making loans to third parties. a trader does Crypto Margin Trading with the hope that the profits he gets can be multiplied, this is because the capital to start trading is bigger. in doing Crypto Margin Trading traders must make commitments with third parties with their profits as collateral.

Crypto Margin Trading is an option in trading to get big profits, but this all also involves a big risk because if a trader fails he also has to cover multiple losses due to involving third party loans. traders must have a plan and strategy for margin trading, this can be said to be a great opportunity if it is used properly and appropriately by traders.

2. How to Plan For Trading In Crypto Margin Trading?

Before doing margin trading, of course, traders expect large profits, so to avoid the risk of loss traders must have a plan before starting trading. as for the planning is

  • Traders must perform several analytical methods before starting trading such as technical analysis, fundamental analysis, and sentimental analysis

  • The trader must also have the patience to trade without paying attention to his own emotions, the trader must be able to make the right decision when to enter into trading and stop trading

  • Traders also need to be able to predict when they will have to stop their trades even though they have made a loss. it was all done to minimize big losses.

3. Crypto Exchanges Name That Provide Margin Trading Service and What Margin They Provide?

Below is a list of popular exchanges that provide margin trading services with the leverage they offer :

NoExchanges NameMargin (X)
1.Binance10x
2.Bitmex100x
3.Bybit100x
4.Houbi5x
5.Kraken10x

4. What Is Leveraged Tokens Trading?

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Leveraged Token Trading allows traders to trade without capital from third parties, this allows traders to enter into a single contract on a platform to take advantage of tokens on the platform. This can be said to have less risk than margin trading because there is no need for collateral involving third parties.

Leveraged Token Trading allows traders to diversify their trades across a variety of assets. By trading with different assets, the capital that is issued is quite large, but if this is all successful, the profits that will be obtained will also be very large. because by doing Leveraged Token Trading, the profit will be multiplied, for example if you make a leveraged contract of 10 USD with a margin of 3x by choosing an uptrend or a downtrend if this is all successful you will get a profit of 30 USD, this can be said to be quite attractive and very profitable if done properly and successfully.

5. How to Plan For Trading In Leveraged Tokens?

planning to trade on leveraged tokens is very necessary before starting trading. some of the planning is needed to get big profits and minimize failures. as for the planning is :

  • Traders must perform technical analysis on the market first before they start trading, because it all must be prepared to avoid big losses when starting trading.

  • Traders must also take into account which exchanges offer low fees, so that the profits they get are greater

  • Traders also have to prepare themselves mentally before starting trading, so that when they experience a failure, they can make that failure a lesson to start next.

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

Below is a list of popular exchanges that provide Leveraged Tokens services with the Leverage they offer:

NoExchanges NameMargin (X)
1.Binance5x
2.Coinbase3x
3.Bittrex3x
4.FTX3x
5.Pionex4x

7. Price Forcast For Crypto Assets [Solana (SOL)]

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screenshot from coingecko

I will try to predict the chart of one of the cryptocurrencies that I have chosen, namely Solana (SOL), we can see that when I take this chart the price of Solana is $ 44.2, which is on May 8, 2021. In the last few days the graphics from Solana have increased, we can see In the picture above, the highest price for solana (SOL) has almost touched $ 50. And the price of Solana (SOL) has experienced standard fluctuations in the last 7 days.

as we know the support level on solana reached the price of $ 42. so I predict that the solana chart will increase in price in the next few days, when I see the SOL chart I predict that in the next 3-4 days SOL will return to touch $ 50 and in the next 7 days Solana (SOL) will again touch the price around $ 47.


That's all I can explain in homework this week. I hope it's easy to understand

CC: @stream4u
CC: @steemcurator02

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

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  • dear student you used copyright images in the homework that is not allowed in the homework
  • you explained well homework

thank you very much for taking interest in this course

Grade : 6

Hello Professor @yousafharoonkhan, thank you for the correction and advice, I have changed the image

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