Author: coinex24

Introduction Swing trading is a commonly used trading strategy that can be ideal for beginner traders. It’s a relatively convenient way to express opinions about the market due to the manageable time horizons involved. Swing traders are active in most financial markets, such as forex, stocks, and cryptocurrency. But is swing trading a suitable strategy for you? Should you start day trading or swing trading? In this article, we’ll explain what you need to know about swing trading cryptocurrency and help you decide whether it’s the right choice for you. What is swing trading? Swing trading is a trading strategy…

Liquidity pools are one of the foundational technologies behind the current DeFi ecosystem. They are an essential part of automated market makers (AMM), borrow-lend protocols, yield farming, synthetic assets, on-chain insurance, blockchain gaming – the list goes on. In itself, the idea is profoundly simple. A liquidity pool is basically funds thrown together in a big digital pile. But what can you do with this pile in a permissionless environment, where anyone can add liquidity to it? Let’s explore how DeFi has iterated on the idea of liquidity pools. Introduction Decentralized Finance (DeFi) has created an explosion of on-chain activity.…

Do you think you have great ideas on the market but don’t know how to put them to the test without risking your funds? Knowing how to backtest trade ideas is the bread and butter of a good systematic trader. The underlying premise of backtesting is that what worked in the past may work in the future. But how do you go about doing this yourself and how should you evaluate the results? Let’s go through a simple backtesting process. Introduction Backtesting is one of the key components of developing your own charting and trading strategy. It entails reconstructing trades…

Libra (rebranded to Diem) is a payment system proposed by Facebook. It’s based on a permissioned blockchain that’s expected to power an ecosystem for digital payments and other financial services. It’s currency, called Diem dollars (formerly Libra), will be backed by a basket of stablecoins and is set to launch in 2021. But what else do you need to know about Facebook’s cryptocurrency? Let’s read on. Introduction Digital payments is a space with a lot of opportunities. As more and more people are getting access to the Internet through cheaper smartphones, much of the economic activity is happening online. Companies…

Transaction fees serve two essential purposes when it comes to blockchain networks. They reward miners or validators who help confirm transactions and help protect the network from spam attacks. Transaction fees can be both small or large, depending on the network activity. Market forces can also influence the fees you pay. While high fees can hinder wider blockchain adoption, very low fees could potentially bring security concerns. Why Transaction Fees? Transaction fees are and have been an essential part of most blockchain systems since their inception. You are most likely to have come across them when sending, depositing, or withdrawing…

BNB Smart Chain (former Binance Smart Chain) lets you enjoy borderless DeFi infrastructure with low fees. It’s powered by a set of 21 community validators that process transactions, provide computing power and hardware, and maintain network security. In return, they receive rewards from transaction fees and BNB staking. Would you also like to contribute to the growth of BSC and earn a reward for it? Anyone who’s a holder of BNB can do that by simply staking BNB as a delegator. Let’s see how it works and how you can participate. Introduction BSC has been booming with activity. DApps like PancakeSwap,…

Digital assets such as art, collectibles, in-game items, and more can be transformed into non-fungible tokens (NFTs). Creating NFTs is a relatively simple and accessible process. Understanding blockchain technology and the crypto ecosystem is essential in navigating fees and pricing in NFTs. Selecting the right blockchain and marketplace for minting and selling NFTs is crucial. What Is an NFT? NFTs are digital assets that can represent ownership of unique objects in the digital realm. They’re stored on a publicly verifiable decentralized ledger, which means they can’t be easily edited, copied or duplicated.  NFTs provide new monetization opportunities for creators. Therefore,…

Massive interest in non-fungible tokens has led to a boom in crypto-collectibles and NFT art. These are two of the most prominent use cases in the DeFi ecosystem, but they aren’t the only applications. Scarcity and uniqueness make non-fungible tokens a good match for real-world assets, logistics, music royalties, and more. As NFTs mature, we can expect to see further adoption of more experimental use cases. Introduction Before non-fungible tokens, creating digital scarcity for assets was incredibly difficult. Although there are copyright protections in place, it’s relatively easy for consumers to copy or pirate digital artwork. The development of NFTs…

Balancing a crypto portfolio is not that different from balancing a traditional portfolio. You can easily reduce your overall risk according to your profile and investment strategy. All it takes to get started is simply diversifying your investments among different cryptocurrencies. The extent to which you diversify is up for debate, as there are pros and cons to both sides. However, it’s generally accepted that some diversification is beneficial. You can reduce the risk of your investments by holding different crypto assets (including stablecoins) and making sure to rebalance your asset allocation regularly. To make managing your portfolio easier, you…

Trading responsibly should be your top priority when buying or selling crypto. Much of trading responsibly comes from proper planning. Creating a trading plan can help keep you accountable for your actions later on. By making decisions when you have a clear head, you can avoid emotions affecting your trades. You should also consider doing your own research, diversification, using stop-limit orders, and avoiding FOMO where possible.  If you trade using leverage, make sure you fully understand the risks involved. Binance has also included features to give you more control over the amount you trade, such as the Cooling-Off Period.…