If your trade has been successful, and you want to realise the profit, you need to close the trade. This process is simply buying in reverse. On Coinbase or Binance convert you simply sell at the current Spot price. You can sell some or all of the BTC that you purchased. You’ll see a confirmation… Continue reading Closing The Trade
Month: September 2022
Placing a Limit Order
Having already looked at Market Orders, we’ll now place a Limit Order. Instead of simply executing a trade at the current market place, we’re now specifying a price and an amount that we want to be our entry point. As explained in our article on Trading Strategy, an entry point is a key component of… Continue reading Placing a Limit Order
Moving to a Classic Trading Interface
As you’ll see from the Binance Trading menu, the next option down is Classic Trading. This offers a more traditional trading interface and broader range of Spot options, alongside additional Market Orders types which we’ll explore in the walk-through. Immediately when you move to the Classic Trading menu you can see that the interface is much… Continue reading Moving to a Classic Trading Interface
Coinbase Market Order
Coinbase simplifies the process of placing a Market Order to the extent that it doesn’t even really give you any other option. You have a Buy button, which takes you to a window to execute a Market Order – though this isn’t how Coinbase describe the process as that specifically remove any trading terminology to… Continue reading Coinbase Market Order
Spot Trading
Exchanges offer a wide range of complex ways to trade which will be covered in later articles, but for anyone just starting out, are inappropriate and will likely cause confusion. So we’ll simply focus on the simplest trading option – Spot Trading. Spot Trading and Spot Exchanges literally enable trading on-the-spot. You simply accept the available… Continue reading Spot Trading
How to place a trade?
What you’ll learn The basic options for executing a trade The terminology of trading execution The input options for making a trade How to combine trading with strategy How to close out a trade You might assume that learning how to actually place a cryptocurrency trade would be among the first things included in our… Continue reading How to place a trade?
So should I use a CEX or a DEX to trade crypto?
Both types of crypto exchanges play a major role today in giving newcomers their first exposure to cryptocurrency but have some differences in how they manage crypto storage, liquidity, platform and data security, as well as usability. If you are a reasonably experienced crypto owner, and privacy and control over your funds are of the… Continue reading So should I use a CEX or a DEX to trade crypto?
Decentralised Exchanges (DEXs) vs Centralised Exchanges (CEXs): Pros and Cons
As explained, there are several differences between how centralised crypto exchanges and decentralised crypto exchanges operate. The fundamental difference is that centralised exchanges control user funds while decentralilsed exchanges allow their users to maintain control of their funds. Choosing the right type of exchange to trade crypto, however, does depend on more than just custody… Continue reading Decentralised Exchanges (DEXs) vs Centralised Exchanges (CEXs): Pros and Cons
DEX: What’s a Decentralised Crypto Exchange?
In the very early days, getting your hands on cryptocurrency wasn’t as simple or easy to do for regular people since using crypto wallets required a certain level of technical knowledge and computer skills. Most people also had to buy crypto informally or from other people using peer-to-peer methods. Centralised crypto exchanges led the charge… Continue reading DEX: What’s a Decentralised Crypto Exchange?
CEX: What’s a Centralised Crypto Exchange?
A centralized crypto exchange is a platform that helps people to buy, sell or swap digital assets using fiat currencies and other cryptocurrencies. Simply put, it’s where you go to have someone help you exchange one type of currency – fiat money or cryptocurrency – for another. The term centralised itself is seldom actually used to describe… Continue reading CEX: What’s a Centralised Crypto Exchange?