You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading
Very intellectual post I saw today, the concept of cryptocurrency trading and what it entails. It explains that trading in cryptocurrencies is similar to traditional trading, where one buys and sells assets in order to make a profit. The blog also mentions that trading usually takes place on cryptocurrency exchanges, which can be centralized or decentralized.
You also have highlighted the importance of principles such as diversification when trading in cryptocurrencies, as the market can be highly volatile. It also emphasizes the importance of conducting one's own research and analysis before making any investments, using both fundamental and technical analysis.