CEX Quiz Answers 30 November 2024Open CE…

CEX Quiz Answers 30 November 2024
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
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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