📚Coinstore Classroom: Futures Trading 101 — Part 1 😎
Welcome Coin Collectors,
Introducing to you, a new corner: Coinstore Classroom 📒! Through Coinstore Classroom, Coinstore would like to share some knowledge and tips 💡 we have on cryptocurrency! Through this corner, we hope to be able to share and educate you on the basics and necessary information of cryptocurrency. We hope that this information will be able to help you make a better-informed decision when trading in crypto.
To introduce this corner, we will start by sharing with you some terms and phrases we thought are crucial in facilitating your understanding of cryptocurrency, and ultimately aid you in making better trading decisions.
Here are the first 4 terms or phrases we would like to share with you:
State of owning or owing a futures contract.
An agreement to buy or sell an asset at a certain date at a certain price.
2. Short Position:
A trading technique in which an investor sells a security with plans to buy it later.
Shorting is a strategy used when an investor anticipates the price of a security will fall in the short term.
3. Long Position:
Refers to the purchase of an asset with the expectation it will increase in value (a bullish attitude).
A long position in options contracts indicates the holder owns the underlying asset.
Leverage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. Leverages can amplify both profits as well as losses.
Here are some of the basic terms we thought you should know before making trades in the cryptocurrency market! Stay tuned for part 2, to find learn more terms and phrases regarding cryptocurrency trading! 😉
It’s never too late to start diving into the world of cryptocurrency. Whether you’re young or old, a pro or a newbie, Coinstore welcomes you to our arcade where we learn together… the fun way! We make cryptocurrencies available for everyone in a sleek, exciting and simple fashion, equipping you with experience and techniques to buy, sell and trade on the go.
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