TradingEnVivo

What are DEX and CEX?
CEX (Centralized Exchange): These are cryptocurrency trading platforms managed by a centralized company. Examples: Binance, Coinbase, Kraken.
DEX (Decentralized Exchange): These are platforms without intermediaries, where transactions are executed through smart contracts on blockchains. Examples: Uniswap, PancakeSwap, dYdX.
What are the pros and cons of CEX compared to DEX?:
- Custody: CEX: The exchange holds your funds (risk of hacks). DEX: You have full control of your funds (self-custody).
- Privacy: CEX: Requires KYC (identification). DEX: Does not require KYC (anonymity).
- Liquidity: CEX: High (deep markets). DEX: Depends on liquidity providers (pools).
- Fees: CEX: Trading and withdrawal fees. DEX: Gas fees (network costs on Ethereum, BSC, etc.).
- Leverage: CEX: Offers margin and futures. Some DEX have futures (e.g., dYdX).
- Speed: CEX: Fast transactions (off the blockchain). DEX: Slower (depends on network congestion). |
- Listed tokens: CEX: Limited (requires approval). DEX: Anyone can list a token (risk of scams).
- Support: CEX: Customer support. DEX: No support (everything is self-managed).
I personally use both types, but I lean more towards CEX, I believe they have more advantages than DEX. #Binance has evolved and improved every day, and you can see this in the creation of the new functionality of #Tradingenvivo
What to consider when choosing between a CEX and a DEX?
If you prefer self-custody, choose DEX. If you trust a regulated company, use CEX.
If you do not want KYC, DEX is the best option.
For high-volume trading, CEX is usually better.
If you want leverage, CEX is more common.
DEX can be more complex for beginners.
· Any advice for someone using a DEX for the first time?
Use a secure wallet. Start with a small amount of money. Check the fees (gas fees). Learn about slippage. Avoid phishing scams
#CEXvsDEX101

Today I executed a trade with Bio Protocol (BIOP) after detecting a breakout above $0.082 with increasing volume. I confirmed the entry with RSI coming out of the neutral zone and a bullish crossover on the MACD. I bought at $0.084 and set the take profit at $0.102, with a stop-loss at $0.077. The trade lasted 2 hours and I closed with a 21% profit. A key catalyst was the announcement of a new partnership with a decentralized laboratory.

Result: clean trade, based on technique + news.
#TradingJournal #BIOP #CryptoTrading #TechnicalAnalysis #TradingEnVivo

I have been participating in a tournament in XM to be able to start with capital in Binance and acquire funding accounts

I share all my contest progress on my social media X, Threads, and starting today I will also post it here, so here I share the result from the second day (yesterday).

They only reward the top 100.

#forextrader #forextrading #criptotrader #tradingenvivo

#BTC 5m
Our Trend Indicator "TRENDIFF" LIVE
He anticipated the next settlement 1 hour before the movement #Trading #tradingenvivo #btcnow

#BTC 5m
Our Trend Indicator "TRENDIFF" LIVE
We anticipate the next settlement before the movement #Trading #tradingenvivo #btcnow

Day #3 in the XM competition 🔥
We keep advancing with everything, getting closer to the top 100 to be rewarded! 🚀

#forextrader #forextrading #tradingenvivo #criptotrader