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Seven Guilts In Trading Psychology!
1. Confirmation Bias: People pay close attention to information that confirms their beliefs and ignores information that contradicts it.How to avoid: While preparing to execute the order, we try to find support reasons for the opposite direction. The second consideration can not be too careful.2. The illusion of Control: The illusion of control is the tendency for people to overestimate their ability to control events. It occurs when someone uses a lot of market indicators/TA's method and places
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Crypto Currencies, What Are They ?
Cryptocurrencies: What are they?Cryptocurrencies are virtual currencies that use cryptography to ensure the security of transactions carried out over the Internet.Basically, cryptography works like the serial numbers or signs used on banknotes to prevent counterfeiting, for example.In the case of cryptocurrencies, these hidden signs are codes that are very difficult to crack. This is possible thanks to blockchain, a technology that works like a big ledger.Multiple transactions and logs are recor
What is Fiat Money ?
$BTC $ETH $BNB Fiat Money ! Fiat is a Latin word that means “by decree”. Meaning the dollars, or euros or any other currency for that matter have value because the government orders it to. It’s what is known as “legal tender” coins or banknotes that must be accepted if offered as payment.So the value of today’s money actually comes from a legal status given to it by a central authority, in this case, the government. And so the trust model has changed, from trusting something to trusting someONE
What is Paper #Money ?
$BTC $ETH $SOL Paper Money!! Up until a hundred years ago or so we always trusted in someTHING to represent money. However something happened along the way and we’ve changed our trust model from trusting someTHING to trusting in someONE.Let me explain.Over time, people found it too cumbersome to walk around the world carrying bars of gold or other forms of money, so paper money was invented.Here’s how it worked: a bank or government would offer to take possession of your bar of gold; let’s say w
What is Money?
$BTC $ETH $BNB What is money exactly?At its core, money represents value. If I do some work for you, you give me money in exchange for the value I gave you. I can then use that money to get something of value from someone else in the future. Throughout history, value has taken many forms and people used a lot of different materials to represent money. Salt, wheat, shells and of course gold have all been used as a medium of exchange.However, in order for something to represent value, people have
What is #Bitcoin ? $BTC
BTC stands for Bitcoin, which is a decentralized digital currency. It operates on a peer-to-peer network, allowing for direct transactions between users without the need for intermediaries like banks. Bitcoin is based on blockchain technology, a distributed ledger that records all transactions across a network of computers. It was introduced in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto and has since become the most well-known and valuable cryptocurrency.
BTC stands for Bitcoin, which is a decentralized digital currency. It operates on a peer-to-peer network, allowing for direct transactions between users without the need for intermediaries like banks. Bitcoin is based on blockchain technology, a distributed ledger that records all transactions across a network of computers. It was introduced in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto and has since become the most well-known and valuable cryptocurrency.
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