$BTC $BTTC $BNB When you visit your friend, then you see in his / her room was prepared like this, what do you think ? His / Her job is day trading or not ? #BTC #BOB
#CECvsDEX1 A centralized exchange (CEX) is a business that specializes in helping make transactions happen between two parties. In traditional finance, all businesses are centralized exchanges, for example banks (Goldman Sachs), stock trading apps (Robinhood), and payment processors (Visa). All centralized exchanges are trusted middle men. In crypto, there are centralized exchanges, but also decentralized exchanges (DEXs) which do not require a trusted third party. #MarketPullback
#CEXvsDEX101 , a centralized exchange (CEX) is a business that specializes in helping make transactions happen between two parties. In traditional finance, all businesses are centralized exchanges, for example banks (Goldman Sachs), stock trading apps (Robinhood), and payment processors (Visa). All centralized exchanges are trusted middle men. In crypto, there are centralized exchanges, but also decentralized exchanges (DEXs) which do not require a trusted third party.
Learn the combination of knowledge, discipline, risk management, and adaptability. Here’s a step-by-step guide to help you succeed in #Crypto_Jobs🎯 .
1. Learn the Basics Understand Blockchain & Crypto: Learn how cryptocurrencies work, their use cases, and the technology behind them (e.g., Bitcoin, Ethereum, DeFi, NFTs). 2. Study Market Dynamics: Cryptocurrency is highly volatile and influenced by news, regulations, adoption, and macroeconomic factors.
2. Develop a Trading Strategy Choose a Trading Style: Day Trading : Buy/sell within the same day (requires constant monitoring). Swing Trading: Hold positions for days/weeks (less time-intensive). Scalping: Make small profits from tiny price movements (high-frequency). Position Trading: Long-term holding based on fundamentals.
3. Risk Management (MOST IMPORTANT) Never Invest More Than You Can Lose: Crypto is risky; only use disposable income. Use Stop-Loss & Take-Profit: Automate exits to lock in profits and limit losses. Diversify: Don’t put all your money into one coin. Risk-Reward Ratio: Aim for at least 1:2 (e.g., risk $100 to make $200).
4. Choose the Right Tools for algorithmic trading (e.g., 3Commas, HaasBot). Portfolio Trackers: Delta, CoinGecko, CoinMarketCap.
5. Control Your Emotions Avoid FOMO (Fear of Missing Out): Don’t chase pumps; stick to your strategy. Don’t Panic Sell: Market crashes are normal; stay disciplined. Keep a Trading Journal: Track your trades to analyze mistakes and successes. 6. Stay Updated Follow Crypto News: Regulations, hacks, partnerships, and macroeconomic trends impact prices. Follow Influential Traders: But always do your own research (DYOR). Join Communities: Reddit (r/CryptoCurrency), Telegram groups, Discord. 7. Secure Your Investments Use Cold Wallets: Store long-term holdings in hardware wallets (Ledger, Trezor). Enable 2FA: Secure exchange accounts with Google Authenticator. Beware of Scams: Avoid get rich quick; schemes, fake airdrops, and phishing links.