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Showing posts from July, 2022

Trader psychology VS investor psychology

The equity market is a great playing field for wealth creation. Trading and investing are two key areas through which you can secure more wealth for your future. But you must remember that trading and investing are quite different when it comes to earning profit in the financial market . Let’s try to understand this with an example.   Suppose two people have been given a bag of seeds. Person X trades the seeds the very next day and earns a profit whereas person Y, holds on and sows the seeds, harvests the yield, and continues this for years until he/she/they have enough volume to trade. When that volume is traded, the profit is much more than what person X earned. In the financial market, there are some defining aspects of trade and investment that work similarly. We’ve discussed a few below:    Period   Generally speaking, trading refers to the act of holding stocks for a short term. It could mean holding them for a week, a day, or perhaps even a couple of hou...

What are smart contracts on the blockchain?

The term "smart contract" refers to computer programs or protocols for conducting automated financial transactions. These programs or protocols are kept on a blockchain and executed in response to certain circumstances being satisfied. In other words,  smart contracts on blockchain  enable the execution of agreements to be carried out automatically, making it possible for all parties involved to learn the conclusion as quickly as possible and without the need for an intermediary or any delay in the process.   Smart contracts that automatically carry out their terms are known as "smart contracts," and they include writing the terms of a buyer-seller agreement straight into computer code. Smart contracts are computerized transaction protocols that implement contract requirements, as defined by Nick Szabo, an American computer scientist who developed a virtual currency known as "Bit Gold" in 1998. Unless used, the transactions become reversible, transpare...

Crypto trading shooting up - what are the best platforms for cryptocurrency trading?

Crypto trading has been forecasted to witness an inspiring growth in the coming months. The market is lying low for a while due to the recent crash- but experts have predicted signs of growth by the end of the year. Investors have started to make the most of “buy the dip” situation so that they can churn in high yields from trading the coins after a few months. The exchanges, the best platforms to trade cryptocurrency , witness around $1.9 billion worth of trading volume per day on average. If you too are aspiring to join the crypto trade bandwagon, you would have to create a trading account with one of the best platforms to trade cryptocurrency. The post below will shed light on the different kinds of best platforms to trade cryptocurrency , steps to start trading, as well as pro tips to follow for successful trading in crypto. Different kinds of crypto trading platforms When it comes to the best platforms to trade cryptocurrency , there are 3 main places to choose from- Centra...

What are the best ways to manage crypto trading fear?

Since its beginning in 2009, the market for cryptocurrencies has seen several peaks and valleys, even within the larger patterns known as bull and bear markets, which tend to persist over longer time periods. Downturns in the market may be upsetting and challenging to manage, regardless of whether an individual is an experienced trader or a beginner investment. Visit multibank Traders often experience sentiments of anxiety and greed, both of which, if allowed to continue uncontrolled, may lead to disastrous outcomes. When traders feel fearful, they may be hesitant to initiate a transaction or may rush to complete a contract that may have been advantageous. On the other hand, gluttony manifests itself when investors over-leverage their holdings to capitalize on very small price fluctuations. Both greed and fear have their origins in the common human urge to live, which may be seen as the driving force behind both emotions. Read more :  Bitcoin exchange rate history When trading ...