HOW TO USE HOUBI TO TRADE TUTORIAL FOR BEGINNERS
CRYPTO TRADE IS A RISKY GAME…YEAH!. DON’T WANNA LOSE MY LIFE SAVINGS? You must Learn the Game to Win the Game. You must use your own Due Intelligence to Play and Win the Game.
Tutorial for Trading is very essential for Newbies in the Crypto World. You need to Learn Trading Tips and Strategies.
INTRODUCTION
Cryptocurrency trading is all about Speculating or Forecasting Cryptocurrency Price Movements via a CFD Trading Account or Buying in hope that they will Increase in Value and sell the Coins via an Exchange. We speculate because Trading is Done Based on CFDs (Contracts for Difference).
Exchanging CFDs Permits you to Speculate on whether an Asset’s Price will go up or down. Your Speculation can Either Earn You More Profit or Loss of Capital. Ensure you comprehend the Basics of CFD Exchanging before You Start Trading because Trading on CFDs means You are Agreeing to Contract a Difference in the Exchange of Crypto Price from the Time You State Your Position to the Time You End it.
Huobi provides a Cryptocurrency Platform for Cryptocurrency Exchange and It is one of the Top-Notch in the Blockchain Industry in Terms of Volume and Liquidity It Supports more than 390 Crypto Asset, which Shows That You can Swap Between Currencies.
STEPS TO TRADING WITH HUOBI
Firstly, Open an Account and Verify the Account by Visiting Houbi.com (official page) to Sign Up.
You Can See This Video to Get Started with Crypto: https://www.huobi.com/learn/en-us/
DEPOSIT IN YOUR ACCOUNT
You can Deposit Using Your Credit Card or Deposit Fait Depending on Your Location so that you can Deposit using various Currencies.
Note: Huobi will convert your USD to HUSD if you Deposit USD.
SPOT TRADING ON EXCHANGE
Create Market Order Or Go For Other Order Types Like Limit, Stop-Limit, Or Trigger Order. The Trading Fee Is For 0.2%. The Trading Can Be Further Reduced If Users Hold Their Huobi Token
HUOBI TOKEN
This was issued in 2018 with the Supply of 500 Million. HT can be used for Free discounts, Voting on Exchange Decision Depending on the Number You Posses. And Gaining Early Access to Special Events, You can also get Reward from Seasonal Binance, Then you will be able to Trade Without the Crypto Listed on Huobi Exchange, Depending on your Holdings.
MARGIN TRADING
This Is More For Advance Users. Margin Trading Allows you to Borrow Funds to Perform Leveraged Trading, Which Means you can Open a Position That is Larger than the Balance of your Capital in the Account. Here, We Have the Cross and Isolated Margin. Isolated Margin Allows You to Prevent Liquidation by Keeping a Shared Account Across Open Position, Using the Full Amount of Funds in the Available Balance While Cross Margin Increase Chances of Liquidation. It requires an Individual to Set Aside a Margin Position, With a Fixed Collateral Amount. If the Collateral Amount is not sufficient to Support the Loss, The Position will be forced into Liquidation. Newbies are Therefore Admonished to using Isolated Margin for Trading Margin. It helps to Reduce Losses from your Main Account
Margin Account Opening:
1. Click on the ‘Trade’ icon at the bottom.
2. Select “Isolated Margin” and BTC/USDT trading pair. Margin trading supports both Cross Margin and Isolated Margin.
HOUBI FUTURES
This is Where You Make Profit from the Rise or Fall of Crypto Prices. This Is done by Going Long or Short Based on the Right Judgment.
Note: Before you Activate your Grid Trade, You Should be Aware of the Risks and Make Decisions Based on your own Economic Conditions and the Ability to Resist Risk, so as to Avoid Unnecessary Losses. To Use Features, You need to Open a Feature Account and Verify. This is Only Available for Non-US Residents.
HUOBI WALLET
This is a Defi Mobile App Available on IOS and Androids and It is Well Secured. When setting up your Huobi Wallet, You will be asked to Back up Your Mnemonic keys. In the Unfortunate Event of Losing your Wallet or Loss your phone, Your Mnemonic Key Will Allow you to Import Your Wallet. Keep the Information very safe. It Allows Users to Maintain Multiple Chains.
FINANCE
Staking Allows you to Gain Interest on your Deposit, You can Deposit Solana, XPRT, or CSPR … Huobi Earn Allows Investors to Store their Idle Cryptocurrencies in a Wallet to Earn Interest.ETH2.0 has a One-Click Function to Participate in eth 2. o mining. For Crypto Loan, If you Need Cash and do not Want to Sell Off your Crypto Asset at that Moment, You can Use Huobi Collateral for a Loan from Crypto And Get Credited Immediately. Just Type the Amount to Borrow, The Amount of Collateral Required, and Choose your Loan Payment time from 30, 60, or 90 Days. Your Repayment Amount Will be Reviled Immediately.
See this Video, How to Buy and Sell Crypto with Huobi video: https://www.youtube.com/watch?v=HQQz8B4IFDg
Or
https://www.youtube.com/watch?v=EtKaqHhspHE
You Can Also See This Beginners Guide for Proper Knowledge: https://www.huobi.com/learn/en-us/category/how-to-guides/
CONCLUSION
Huobi Global is Proven to be a Reliable Platform for Exchange in the Cryptocurrency World, It Offers Different Products to its Crypto Users. In the Crypto World, No Platform or Site Recommends What Cryptocurrency to be Bought or Sold, therefore, You Need to Learn to be Grounded… Experts in this field are Still researching to Learn More.
Keep Updated, and Never Neglect the Place of Learning.
#HOUBI #HOUBI GLOBAAL #CRYPTO #TRADING #HOUBI EXCHANGE
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