Education_post
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Understanding AMM or Automated Market Maker!!
#Education_post
Introduced by Vitalik Buterin in 2017 and launched by Uniswap a year later , AMM is a protocol that operates on the decentralized exchange DEX . AMM allows users to easily buy and sell digital assets without any third party intervention. AMM uses mathematical algorithms to suggest appropriate prices for digital assets to be traded between buyers and sellers, and operates as a fully automated process that connects orders between users. Simply put , you can buy and sell virtual assets in a way close to P2P (Peer-to-Peer) where there is no need for a third party to judge the appropriateness of the transaction .
One of the main reasons for the popularity of AMMs is that they are easy to use, convenient, and low cost compared to traditional centralized exchange algorithms. Additionally, AMM operates faster than centralized systems, operates smoothly with the help of smart contracts , and is highly secure due to the blockchain network.
#educational #Web3Education
#Education_post
Introduced by Vitalik Buterin in 2017 and launched by Uniswap a year later , AMM is a protocol that operates on the decentralized exchange DEX . AMM allows users to easily buy and sell digital assets without any third party intervention. AMM uses mathematical algorithms to suggest appropriate prices for digital assets to be traded between buyers and sellers, and operates as a fully automated process that connects orders between users. Simply put , you can buy and sell virtual assets in a way close to P2P (Peer-to-Peer) where there is no need for a third party to judge the appropriateness of the transaction .
One of the main reasons for the popularity of AMMs is that they are easy to use, convenient, and low cost compared to traditional centralized exchange algorithms. Additionally, AMM operates faster than centralized systems, operates smoothly with the help of smart contracts , and is highly secure due to the blockchain network.
#educational #Web3Education
đNavigating the Swings: Unveiling the Art of Swing Trading
Embark on the enlightening journey of understanding swing tradingâa strategic blend between day trading and trend trading, offering a middle ground for traders:đĄ What is Swing Trading?Swing trading is a longer-term strategy that entails holding positions beyond a day but typically not exceeding a few weeks or a month. Positioned between day trading's swift moves and trend trading's prolonged holds, swing trading captures waves of volatility over an intermediate time frame.âł Capitalizing on Volatility:Swing traders aim to exploit fluctuations that unfold over days or weeks. This strategy incorporates a fusion of technical and fundamental analysis to formulate trade ideas. While fundamental changes may take time, technical indicators and chart patterns play a crucial role in swing trading strategies.đ Technical and Fundamental Fusion:Traders often blend technical indicators with fundamental factors, allowing them to capitalize on both short-term market movements and longer-term fundamental shifts. This versatile approach enhances the adaptability of swing trading.đ¤ Convenience for Beginners:Swing trading presents a more accommodating active trading strategy for beginners. Unlike day trading, swing trades unfold over a more extended period, providing traders with ample time to make informed decisions. The strategy fosters a thoughtful and rational approach to decision-making.đ Benefiting from Time:The extended timeframe of swing trades enables traders to react thoughtfully to unfolding market dynamics. This aspect distinguishes swing trading from the rapid pace demanded by day trading, creating a more manageable environment for beginners.đ Conclusion:Swing trading serves as a strategic bridge for those seeking a balance between swift day trading and prolonged trend trading. Its versatile nature accommodates both technical and fundamental analysis, making it an ideal starting point for beginners entering the dynamic world of active trading.đ Explore Further: #SwingTrading #TradingStrategies #MarketVolatility #BinanceEducation #ActiveTrading #btc #Education_post #educational đâ¨
âťď¸ FAQs by New Traders
đ˘ How does a blockchain work?
đ° Cryptocurrency is based on blockchain technology. Blockchain is a kind of database that records and timestamps every entry into it. The best way to think of a blockchain is like a running receipt of transactions. When a blockchain database powers cryptocurrency, it records and verifies transactions in the currency, verifying the currencyâs movements and who owns it.
đ° Many crypto blockchain databases are run with decentralized computer networks. That is, many redundant computers operate the database, checking and rechecking the transactions to ensure that theyâre accurate. If thereâs a discrepancy, the networked computers have to resolve it.
#Education_post
#TradingMastery
#BinanceTrends
#BlockchainAdvancements
$BTC $BNB $RNDR
đ˘ How does a blockchain work?
đ° Cryptocurrency is based on blockchain technology. Blockchain is a kind of database that records and timestamps every entry into it. The best way to think of a blockchain is like a running receipt of transactions. When a blockchain database powers cryptocurrency, it records and verifies transactions in the currency, verifying the currencyâs movements and who owns it.
đ° Many crypto blockchain databases are run with decentralized computer networks. That is, many redundant computers operate the database, checking and rechecking the transactions to ensure that theyâre accurate. If thereâs a discrepancy, the networked computers have to resolve it.
#Education_post
#TradingMastery
#BinanceTrends
#BlockchainAdvancements
$BTC $BNB $RNDR
Educational Post đđ
Must follow me for more profitable signals, Crypto Updates and educational Post đđ
#Education_post #cryptohustle đ
Must follow me for more profitable signals, Crypto Updates and educational Post đđ
#Education_post #cryptohustle đ
How to draw a trend line ?
Trend lines⌠You see them on everyoneâs charts but you probably how no idea how to draw them. Donât worry, we donât use them just to make chart look pretty, we use it to identify key directions and trends a chart is moving in. This determines what position takes when we go to enter positions!
Bullish, or bearish đđ
#trendline #chartpatterns #Education_post #BTC #AltcoinPredictions
Trend lines⌠You see them on everyoneâs charts but you probably how no idea how to draw them. Donât worry, we donât use them just to make chart look pretty, we use it to identify key directions and trends a chart is moving in. This determines what position takes when we go to enter positions!
Bullish, or bearish đđ
#trendline #chartpatterns #Education_post #BTC #AltcoinPredictions
$BTC #Education_post
đTwo consecutive, roughly equal peaks with a moderate trough in between (resembles an âMâ shape).
đThis powerful chart pattern occurs after an extended uptrend and often represents a reversal pattern that indicates a minor, if not long term, change from a uptrend to an downtrend (i.e. bearish).
đTrade: Place a SELL order when the price breaks through the support line (neckline) and completes the pattern.
đTwo consecutive, roughly equal peaks with a moderate trough in between (resembles an âMâ shape).
đThis powerful chart pattern occurs after an extended uptrend and often represents a reversal pattern that indicates a minor, if not long term, change from a uptrend to an downtrend (i.e. bearish).
đTrade: Place a SELL order when the price breaks through the support line (neckline) and completes the pattern.
âťď¸ FAQs by New Traders
đ˘ How do you mine cryptocurrency?
đ° Some cryptocurrencies reward those who verify the transactions on the blockchain database in a process called mining. For example, these miners involved with Bitcoin solve very complex mathematical problems as part of the verification process. If theyâre successful, miners receive a predetermined award of bitcoins.
đ° To mine bitcoins, miners need powerful processing units that consume huge amounts of energy. Many miners operate huge rooms full of such mining rigs in order to extract these rewards. As of late 2022, running the Bitcoin system burned as much energy as a medium-sized country.
#Education_post
#TradingMastery
#BinanceTrends
#miningpool
$BTC $BNB $XRP
đ˘ How do you mine cryptocurrency?
đ° Some cryptocurrencies reward those who verify the transactions on the blockchain database in a process called mining. For example, these miners involved with Bitcoin solve very complex mathematical problems as part of the verification process. If theyâre successful, miners receive a predetermined award of bitcoins.
đ° To mine bitcoins, miners need powerful processing units that consume huge amounts of energy. Many miners operate huge rooms full of such mining rigs in order to extract these rewards. As of late 2022, running the Bitcoin system burned as much energy as a medium-sized country.
#Education_post
#TradingMastery
#BinanceTrends
#miningpool
$BTC $BNB $XRP
âťď¸ FAQs by New Traders
đ˘ How can I invest in Bitcoin?
đ° If youâre looking to invest in Bitcoin, you have a variety of ways to do so, and you can work with a number of companies, including:
đ˛ Crypto exchanges: Exchanges have some of the widest selection of cryptocurrencies, and they tend to be the most competitive on price. Top players include Coinbase, Kraken and Binance, but there are literally dozens of others.
đ˛ Traditional brokers: Many traditional brokers also allow you to trade Bitcoin in addition to stocks and other financial assets, though they have a relatively limited selection of other cryptocurrencies. Top players here include Interactive Brokers, TradeStation and tastyworks.
đ˛ Financial apps: Many financial apps allow you to trade Bitcoin and a few other cryptos. Top players here include Robinhood and Webull as well as payment apps such as PayPal, Venmo and Cash App.
đľď¸ââď¸ If youâre looking to buy Bitcoin, pay particular attention to the fees that youâre paying.
#Education_post
#TradingMastery
#BinanceTrends
$BTC $BNB $XRP
đ˘ How can I invest in Bitcoin?
đ° If youâre looking to invest in Bitcoin, you have a variety of ways to do so, and you can work with a number of companies, including:
đ˛ Crypto exchanges: Exchanges have some of the widest selection of cryptocurrencies, and they tend to be the most competitive on price. Top players include Coinbase, Kraken and Binance, but there are literally dozens of others.
đ˛ Traditional brokers: Many traditional brokers also allow you to trade Bitcoin in addition to stocks and other financial assets, though they have a relatively limited selection of other cryptocurrencies. Top players here include Interactive Brokers, TradeStation and tastyworks.
đ˛ Financial apps: Many financial apps allow you to trade Bitcoin and a few other cryptos. Top players here include Robinhood and Webull as well as payment apps such as PayPal, Venmo and Cash App.
đľď¸ââď¸ If youâre looking to buy Bitcoin, pay particular attention to the fees that youâre paying.
#Education_post
#TradingMastery
#BinanceTrends
$BTC $BNB $XRP
