[How to improve your trading results, fast]

Here’s the deal:

You can figure things out on your own which will cost you time and money or, simply follow what works.

You’re probably wondering:

“How do I know what works?”

Well, the key thing is to look for trading books which contain specific trading rules with backtested results.

Here are some books worth checking out:
Following the Trend: Andreas Clenow
Trading systems: Urban & Emilio
Automated stock trading: Laurens Bensdorp
Short-term trading strategies that work: Larry & Cesar
Building Reliable Trading Systems: Keith Fitschen

This way, you don’t have to re-invent the wheel and can simply tweak their trading strategy to your needs.

#Crypto Word Of The Day #
Uniswap
 
Uniswap is a decentralized exchange (DEX) that operates on the Ethereum blockchain. It allows users to trade various digital assets using an automated market maker (AMM) model, eliminating the need for traditional order books.

Initially inspired by Ethereum co-founder Vitalik Buterin's concept of an on-chain automated market maker, Uniswap was created by Ethereum developer Hayden Adams in 2018.

Uniswap has grown to be a leader in the DEX market, boasting significant trading volumes and deeper liquidity compared to other DEXs. As of 2023, Uniswap ranks among the top DEXs based on various metrics such as trading volume, liquidity, and number of active users.

Uniswap has undergone various iterations, launching Uniswap V2 in 2020 and Uniswap V3 in 2021. In June 2023, Uniswap released the draft code for Uniswap V4, which includes major new functionalities.

📣 Xsolla now accepts Ripple($XRP) with BitPay as a payment method for their games, such as Smite game and Roblox.

The Crypto Word Of The Day is "STABLECOIN."

A stablecoin is a type of cryptocurrency that is designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. Unlike other cryptocurrencies like Bitcoin or Ethereum, which can experience significant price volatility, stablecoins aim to provide stability and reduce the risk associated with price fluctuations. Stablecoins achieve this stability through various mechanisms, such as collateralization, algorithmic control, or a combination of both. They are often used as a medium of exchange, a store of value, or a unit of account within the cryptocurrency ecosystem. Stablecoins have gained popularity as they offer the benefits of cryptocurrencies, such as fast and borderless transactions, while minimizing the volatility typically associated with the crypto market.#cryptocurrency #BinanceSquare

🇬🇧 UK minister pushes regulator to soften approach to #crypto advertising

A UK minister of parliament recently wrote to the Financial Conduct Authority (#FCA) urging the regulator to take a softer line on crypto firms as they adjust to the new advertising rules.

Opinion: The economy is refusing to die — which may mean it’s time to go risk-on

The economy is refusing to go down. If the trend continues, cryptocurrency prices are going to start rising — especially with Bitcoin's halving.

# 📒 Five Profitable Ways to Trade Cryptocurrency

Cryptocurrency trading offers diverse strategies:

**1. Day Trading**: Swift buy and sell decisions within a day, requiring deep market analysis skills and timing.

**2. Swing Trading**: Capturing price swings over days or weeks with a focus on both up and down trends.

**3. Holding (HODLing)**: Long-term investment without active trading, banking on cryptocurrency's gradual growth.

**4. Arbitrage Trading**: Exploiting price differences on various exchanges, necessitating quick execution and transaction cost management.

**5. Algorithmic Trading**: Automated bots executing preset strategies, ideal for arbitrage, market making, or trend-following.

Remember, cryptocurrency trading is risky, and no guarantees exist. Thorough research, risk management, and staying informed are key to success. #trading #bitcoin.

📗📚📒✍️✍️Exploring the Psychology of Trading 💯💯

Trading psychology delves into the intricate realm of emotions and mental processes that wield significant influence over a trader's decision-making within the financial markets.

It encompasses a myriad of sentiments, such as the potent forces of fear, greed, and overconfidence, which, if left unbridled, can precipitate impulsive and irrational trading choices.

The linchpin of triumphant traders lies in their adeptness at managing these emotions, preserving unyielding discipline, and faithfully adhering to a meticulously crafted trading blueprint.

Central facets of trading psychology encompass adept risk management, unwavering patience, and the capacity to gracefully weather losses.

Meticulous goal-setting, grounding expectations in realism, and eschewing the siren call of revenge trading in the wake of losses all feature prominently in the trader's toolkit.

Furthermore, maintaining a buoyant and adaptive mindset, even in the face of the tempestuous seas of market unpredictability, serves as a lighthouse guiding one toward long-term prosperity.

Cultivating a reservoir of robust psychological resilience and self-control is the keystone for traders, serving as an effective bulwark against emotional biases and laying the pathway toward rational decisions harmonized with their overarching trading strategy.#trading #bitcoin

​MetaMask Gains Apple's Approval After Temporary Ban

Cryptocurrency wallet provider MetaMask has returned to Apple’s App Store after a brief hiatus. The service had been removed from the store at the start of August, appearing to culminate a long-running conflict between the company and Apple. The disruption was met with significant dismay among the cryptocurrency community, as it deprived them of access to one of the most popular wallets available. Fortunately, MetaMask has now returned - though no official explanation has been given by either side as to why it was initially removed. Its re-entry into the App Store gives iOS users access to all its features, including secure storage for private keys and sending tokens.

No Cause for Alarm Guys👍🤝🤝

Learn"Today's crypto term is 'NON-FUNGIBLE TOKEN' or 'NFT' for short.

Non-fungible tokens are one-of-a-kind digital assets that serve as a certificate of ownership or a guarantee of the originality of a specific item or digital content, including but not limited to art, collectibles, music, videos, and virtual real estate. Unlike cryptocurrencies like Bitcoin or Ethereum, which are interchangeable on a one-to-one basis, NFTs are indivisible and can't be exchanged on an equal-value basis. Each NFT possesses a unique intrinsic value and is beyond replication, rendering it an exclusive and limited asset. NFTs are predominantly constructed on blockchain networks such as Ethereum, ensuring a transparent and secure method to validate ownership and monitor transaction history. NFTs have seen a surge in popularity within the realms of art and entertainment, enabling creators to monetize their digital creations and offering collectors undeniable proof of ownership for their distinctive digital assets."#NFT #cryptocurrency #Knowledge Learn

#cryptocurrency #Ferrari has embraced cryptocurrency payments for its high-end vehicles in the U.S. and plans to expand this option to Europe in response to affluent clients' demands, including those who've amassed wealth through digital assets. BitPay, a trusted partner, is facilitating the initial phase in the U.S., enabling#trading transactions in Bitcoin, Ethereum, and USDC. BitPay's role involves verifying the legitimacy of the cryptocurrency sources, ensuring they are untainted by criminal origins, money laundering, or tax evasion. This strategic move signals a growing acceptance of digital currencies in the luxury automobile market, catering to a diverse clientele, including cryptocurrency-savvy investors.

Opinion: NFTs aren’t dead — they’re just resting

The market for nonfungible tokens (NFTs) might be struggling during this "NFT Winter," but there are signs of life if you know where to look.

"Market Capitalization," our Crypto Word of The Day, plays a crucial role in both traditional and crypto markets. In traditional finance, it represents the total market value of a company's outstanding shares of stock. For cryptocurrencies, it denotes the collective value of all mined coins for a specific cryptocurrency.

To calculate market capitalization for a cryptocurrency, one multiplies the coin's price by its circulating supply. This figure is vital for assessing the scale and impact of a digital currency. For instance, as of today, Bitcoin boasts a staggering market capitalization of approximately 523.76 billion USD, underscoring its significance in the crypto world.

Market capitalization is a key metric for evaluating a cryptocurrency's success and ranking it among its peers. It provides insights into the currency's adoption, liquidity, and influence. While it's not the sole determinant of a cryptocurrency's value, it's a useful tool for investors and enthusiasts alike to gauge the prominence and potential of a digital asset. So, next time you encounter the term "Market Capitalization," remember its pivotal role in understanding the crypto landscape.