Understand the currency market

[BrolySSJ 7899]

I think that this understanding is not only related to forex trading but also to the trading of crypto. When the price is low there is a huge demand for the crypto and this is what pushes the price up. When the demand is high and the supply is low the price naturally increases, due to the laws of supply and demand, and then when the demand is low and supply high, that is when the price drops down.

[jacker 1095]

Yes, that's exactly the market's supply and demand. but supply and demand were created by the people who bought it. Understanding the market is essential and important. Market analysis is the most important thing in trading analysis.

[andrehol 16294]

Internal competition between cryptocurrencies also affects their value. The emergence of newer, faster and more efficient technologies on the market will affect the demand for old ones. So far, Bitcoin has taken a leadership position, but its technology has long been recognized as imperfect, the network will sooner or later reach a critical point, and then the coin will give way to more modern solutions.

[Honny143 13612]

Most of successful trader's use this strategy, they always observe market economy, it's stock market are crypto market its not matters, but always follows currency market its helps to know the prices, and which way market goes and they follows market, then they decides how to use the strategy.

[scorpiali 5626]

This rules are the same impact on crypto currency as Forex currency the suplay and the demand have effect on the increase or the decrease of the price this the rule of every thing in market 

[Thekingcallme 1975]

Understanding the cryptocurrency market and how it moves will make you succeed in making a good profit and taking advantage of the opportunities well

[Jessica Karren 1242]

Exactly it's not just important for become successful forex trader but this basic rules can also applied to crypto market as well as the stock market. You can't excel in trading if you don't understand this basic supply and demand process.

[CryptoMaxim 3829]

This is the success of every trader to predict the price and be able to analyze it. In most cases, this knowledge is acquired through practical experience.

[iloveyobit 6599]

Not only cryptos work in this way, but all other financial markets that are controlled by supply and demand, the higher the demand for a currency, the higher its price and vice versa occurs completely.

[George10 9932]

It's really true and great advice, for one to become a successful trader he needs to understand or have this knowledge about supply and demand of a currency pair he chooses for trading.

[DreamStage 2105]

Well in some parts you are right as for the demand buy and sell explanation and everything else related to it.

 

But on other hand you have to explain that prices are not set by some "server" but rather by individual investors.

You set your own buy / sell prices from which you want to profit as.

 

So based on that prices will variety according with trades demands.

[lharost 1526]

You are right, demand and supply is what drives the market, in other words there is no way that the price of a currency goes up while the demand is decreasing and the opposite unless there is something fishy going on with the price and that platform that you get the price from, also about the news impact it's also true that world news have some effect on the price and forex traders should always follow the news because with that information you can predict the next trend more efficiently.

[magd 5231]

Forex trading differs from trading cryptocurrencies and it is necessary to understand the differences between the two types and know the seriousness of the error in each of them. I find that Forex trading is more dangerous and needs independent monitoring of the market, but each of them has a principle that the higher the demand more than the supply the price will rise

[Whited35 15285]

Supply and demands plays really a crucial roles to affect the cryptocurrency market trends. If there is the bigger demands of cryptocurrencies, price will also be very high and if there is low demands, price will also be low, in this way, international currency exchange markets run. 

[Zaino34 0]

Certainly the movement of the market is subject to many factors, including supply and demand for the currency. The more demand for the currency, the higher its price. Also, the whales greatly affect the price of digital currencies by pumping large amounts of currency.

[BTC Future 3946]

Usually when we place a buy order we ask for a certain price lower than the current market price. This means that we don't agree wtih the estimates of the market and other traders, so we ask to buy for lower. This is also demand though, but not at the current price. Markets are in equilibrium when buyers and sellers agree and the margins are really thin. Basically this is the reason that some traders don't distinguish buyers and sellers and say that for each seller there is also a buyer.

[Jeet Narayan 1940]

Thank you for your knowledgeable posts, I know how crypto market working but my problem is I always lacking in which towards Bitcoin market going on. From today I will study Bitcoin market more carefully and try to get profit.

[koussai999 1986]

Economic and global events certainly have a lot and a lot of effect on cryptocurrencies as we have seen the impact of corona disease on cryptocurrencies and I think this falls under the basic analysis line

[jamesvince 2389]

Definitely price of any coin or tokens or any commodity depends on demand and supply. If the demand of bitcoin or any other currencies is z high and supply is low then it's price will goes upstairs and we don't need worried about any projects which has great volatility and volumes. 

[Treat1234 0]

Before trading or investment there are key factors that every trader should know of for example observing the market volatility and the type of coin that should be traded or invested at that time should also be considered.

[Calvinpriva 17296]

We have to learn how to read and understand the crypto currency market so that we can trade for a profit. Trading without understanding the market its like going somewhere for the first time and you are in the midnight and you don't know the road! 

[nykas 2812]

I think that understanding market processes and connections between different events is key skill of professional traders and investors. It`s very important to have these skills to be successful 

[pablomarwan 3082]

The expert trader depends not only on the analyzes in front of him, but also the statistics of demand and supply, and through the news that are circulating, they have a change in the market, either to put up a rise in the prices of the day because the news is stimulating and opposite as well. In coding, it does not depend on news only, but the movement of the market. Whale owners have a role in influencing the market

[iloveyobit 6599]

Frankly, crypto is a different market that contains more liquidity. Supply and demand move a lot of currencies, yes, but sometimes whoever has more liquidity is the one who moves the market.

[Sugibengi 390]

Of course, as traders we must understand market conditions, because it is a job that requires in-depth prediction and analysis, besides that the type of altcoin to be purchased must also be studied which altcoin is the best, indeed in the forex market and crypto market it does have similarities but what makes the difference is The crypto market is not affected by political, economic or global crises such as the current viral pandemic.