Introduction on coin trading
First and fore most, looking at the world's Zero Trading Fee Cryptocurrency Exchange known as COBINHOOD, to become a successful cryptocurrency trader on a global level you must investigate the global market trends in order to avoid losing money and time invested. Study the market trends so that you can easily speculate the future market and this key to all business Entrepreneurs dealing in these digital technology for exchange in the Blockchain era and in the world of cryptocurrency.
Briefly there are four types of trading and these are dependent from the time of opening to the time of closing the mode of operation employed. I will discus these in a summary form so that our readers can supplements on these because they act as derivatives through which other techniques are birthed.
Scalper, done in the shortest time possible and works on the principle of buying and selling which the world's most known and familiar way of conducting business but this is a smart way when it comes to crypto markets.
Swing trading, this one is done in a short period of time and deals in stocks but the operation in this type of trading can last 5-6 days or even two weeks depending on the prevailing situation in the market.
Day trading, this mode of trading takes a day or less.
Position trade, this kind of trade involves a trader to just position themselves in terms of stock and timing and these may be long term investments into business market.
With that brief introduction and background about crypto trading, i will now look at how we excute trade on COBINHOOD and look at what is involved in this process, i will be taking you into the entire process and show you how this is done.
How to trade on Cobinhood.
Internet has made this easy and with the invention of mobile phones or devices, this makes the process easy because of the introduction of search engines where we can browse anything we need to find out. For this article, am looking at how to do this on our portable devices ranging from android devices to tabs because they possess all these inbuilt browsers and abilities to access anything from the Internet.
From our page of Cobinhood, there a number of exchange modes which can be used to help the trader make a precise decision on which cryotocurrency and at what prices is he/ she trading to prevent losses. This has been made easy on out Tab of Cobinhood where all information required for your guidance is provided.
Orders offered by COBINHOOD
Cobinhood offers only two order types which i will breakdown briefly in the next paragraph for easy understanding of the entire subject about how trade on Cobinhood.
The market order is involved with the trades who are in a rush and need things to be done in the shortest period and this involves entering the size of your order and prices will be right in-front of you as well as the total price of the order to be placed.
Limit orders basically deal with a trader if he is to choose the minimum and maximum price on which you intend to buy and sell and this sends a command to the system makes shows a display of your order price. Once all that is done, you can proceed to the next command button NEXT.
Note: Cobinhood operates on high level performace because of the order matching engine used to hand multiple orders once place and hence displays a high level of efficiency and offering the best trade delivery.
Login to see orders and corresponding price
The moment you have an account with Cobinhood, login to the page and everything shall be displayed for you so that you see the orders, amount, the type and the price at what which these orders can be placed. On the same page, take note that the left hand side bears the options of sell or buy to enable execute a task according to your own will or decision.
In this step, the process is basically how to change from one cryptocurrency to another and this involves first focusing on the major ones like BTC, COB, ETH and USDT which are at the top left corner of your task bar where you view the products. In selcecting the trading currents, you do this in pairs and BTC is always the most known and you include which crypto you intend to buy or sell as shown below ( BEE/BTC), the highlighted portion on the displays screen.
Take note of the buttons on the interface,
Green- highest bid and calculates maximum price for the bid
Red- lowest bid and calculates you maximum bid amount
Total is always carried down to the trader to check out his credit worthiness.
Finally, As we i discussed in my previous post about Cobinhood as a Zero Trading Fee Cryptocurrency Exchange, i have to say there are no charges attached to the trader. Withdraw charges are an advantages to the miner under this operation depend on crypto but not to the exchange Read here for more informmation.
DISCLAIMER
This shall not be taken as financial advice. I am not a financial advisor and none of your investments should be carried out based on any information presented here. You can lose all of your money investing in cryptocurrencies. The information above is for educational and entertainment purposes only.
References
https://www.google.com/search?q=cobinhood&ie=utf-8&oe=utf-8
https://blockonomi.com/cobinhood-review/
https://www.google.com/search?q=what+is+swing+trading&ie=utf-8&oe=utf-8
Thank you for reading, i still thank @Starkerz for his initiative
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Bogere.
