Successful trading is not just about understanding the market, but also about being thoroughly prepared before you start your trading day. A disciplined routine can help you navigate the complexities of the market, make informed decisions, and achieve your trading goals. Here is a comprehensive guide to help you prepare for a successful trading day. […]
Success in trading is not merely about having the best strategy or making accurate market predictions; it heavily relies on your psychology and emotional control. According to Dr. Van Tharp, a renowned trader and psychologist, success in trading is determined by three key factors: Trading Strategy (10%), Money Management (30%), and Psychology (60%). This guide […]
You’ve probably noticed sharp price spikes against the trend on the charts. This phenomenon is known as a pump. Pumps occur when the price of a low-volatility asset suddenly shoots up or down. In 95% of cases, the price returns to its previous level, as these pumps are often artificially created or influenced by news. […]
Steering through the volatile currents of financial markets—be it in stocks, cryptocurrencies, or commodities—demands mastery in risk management. Effective risk management not only safeguards your capital but also optimizes your trading performance, empowering you to succeed amid market volatilities. This guide explores sophisticated strategies and actionable tips designed to help traders mitigate risks and enhance […]
Welcome to the CeDeFiAi Academy, where we equip traders with essential tools and knowledge to navigate the cryptocurrency market with confidence. Today we focus on a cornerstone of successful trading: the trading plan. A robust trading plan is vital, serving not just as a methodical guide but also as a personal trading constitution that governs […]
Understanding the markets involves not only identifying optimal trading times but also knowing when to hold off. Here are essential occasions when traders should consider pausing their activities: 1. During Economic Announcements 2. Following Consecutive Losses 3. When Markets Are Closed 4. Around Major Economic Data Releases 5. Without Confirmation of Entry Points Conclusion Understanding […]
For traders navigating the crypto space, whether you’re just starting out or you’re a seasoned pro, understanding the difference between on-chain and off-chain transactions is fundamental. This guide breaks down how each type functions, their benefits, and the challenges they present, providing you with the knowledge to make strategic choices in your trading activities. What […]
On April 20, 2024, the Bitcoin network experienced its fourth halving at block 840,000, a pivotal event closely watched by the cryptocurrency community. According to data from BitcoinBlockHalf, this milestone halving reduced the block reward from 6.25 BTC to 3.125 BTC, marking a significant moment in Bitcoin’s ongoing evolution. Event Overview Halvings are pre-programmed into […]
Welcome to another insightful article from CeDeFiAi Academy, where today we’re diving into a topic that resonates with many in the crypto space—harmful trading habits. These habits, often overlooked or underestimated, can significantly impede your ability to make consistent profits from cryptocurrency trading. 1. Opposing the Market Many traders fall into the destructive pattern of […]
In the fast-paced world of cryptocurrency trading, understanding the roles and dynamics of market makers and market takers is crucial for both new and seasoned investors. These two types of market participants play a fundamental role in ensuring liquidity, facilitating trades, and ultimately contributing to the market’s overall health and efficiency. This article delves into […]