CEX Quiz Answers 30 November 2024
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1. What’s the main idea of the HODL strategy?
Buy and hold for the long term, ignoring short-term fluctuations
2. What’s a benefit of swing trading?
It allows you to capitalize on market swings without constant monitoring
3. What does “HODL” stand for in crypto trading?
Hold On for Dear Life
4. What is the focus of scalping as a trading strategy?
Making quick, small trades for tiny profits
5. What’s a key tip for day trading?
Avoid trading while distracted or emotional
6. What’s a benefit of swing trading?
It allows you to capitalize on market swings without constant monitoring
7. What’s the main idea of the HODL strategy?
Buy and hold for the long term, ignoring short-term fluctuations
8. What’s a benefit of the DCA strategy?
You don’t need to time the market
9. What is day trading best suited for?
People who enjoy quick trades and watching markets closely
10. How long do swing traders typically hold their positions?
Days or weeks
11. What is the key takeaway about trading strategies?
The best strategy depends on your personality and goals
12. What’s the main difference between day trading and swing trading?
Day trading involves faster, shorter trades compared to swing trading
13. How does Dollar-Cost Averaging (DCA) work?
Investing a fixed amount regularly, regardless of market price
14. What is a key warning about scalping?
It requires fast reflexes and a strong internet connection
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What’s the main idea of the HODL strategy?
Buy and hold for the long term, ignoring short-term fluctuations2. What’s a benefit of swing trading?
It allows you to capitalize on market swings without constant monitoring3. What does “HODL” stand for in crypto trading?
Hold On for Dear Life4. What is the focus of scalping as a trading strategy?
Making quick, small trades for tiny profits5. What’s a key tip for day trading?
Avoid trading while distracted or emotional6. What’s a benefit of swing trading?
It allows you to capitalize on market swings without constant monitoring7. What’s the main idea of the HODL strategy?
Buy and hold for the long term, ignoring short-term fluctuations8. What’s a benefit of the DCA strategy?
You don’t need to time the market9. What is day trading best suited for?
People who enjoy quick trades and watching markets closely10. How long do swing traders typically hold their positions?
Days or weeks11. What is the key takeaway about trading strategies?
The best strategy depends on your personality and goals12. What’s the main difference between day trading and swing trading?
Day trading involves faster, shorter trades compared to swing trading13. How does Dollar-Cost Averaging (DCA) work?
Investing a fixed amount regularly, regardless of market price14. What is a key warning about scalping?
It requires fast reflexes and a strong internet connection
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