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A guide for beginners for cryptocurrency trade: how to act in futures with Chainlink (link) and use the price action
The cryptocurrency trade has become increasingly popular in recent years, and many people and institutions are investing their capital in this rapid and volatile market. One of the most exciting aspects of cryptocurrency trade is the ability to act with futures contracts on platforms such as Chainlink. In this article we provide an overview of how to make decisions well founded with Chainlink (Link) with the negotiation trade with the trade actions trade.
What are futures contracts?
Future contracts are agreements between two parties to buy or sell underlying assets at a predetermined price at a certain date in the future. Future contract prices are determined after supply and demand, so market participants buy or sell assets to use price movements. In cryptocurrency trade, futures contracts can be used to ensure market volatility, speculate on price movements or simply make income.
Kettenlink (Link): an intelligent contract platform
Chainlink is a decentralized platform that allows the creation of intelligent contract applications. It allows developers to create personalized applications that interact with several blockchain networks, including Ethereum, Polkadot and others. The Chainlink Maine offers access to a network of knots with which orders can be made, confirming stores and performing other functions.
Commercial Futures with Chainlink (Link)
To act with futures contracts with Chainlink, you must follow the following steps:
- Record an account : Create a new account on the Chainlink platform or use an existing one.
- Commerce registration information configuration : Verify your email address and create commercial registration information, including an API key and a secret key.
- Deposit fund
: cryptocurrency tokens tank in your Chainlink account for trade.
- Select a market : Select a cryptocurrency contract that you want to exchange with Chainlink. You can choose between several markets on the platform, such as Bitcoin-USD (USDT), Bitcoin-Her (ETH-Enddt) or Ethereum Litecoin (XLM-Enddt).
- Create a sales purchase or order : Use your commercial registration information and the API key to make an order for the futures contract.
Price action trade with Chainlink (Link)
In addition to technical indicators, price action dealers depend on real -time data on different sources, including:
- Chainlink Price Index : A patented index that pursues cryptocurrency prices in real time.
- Market data API : Access to market historical data and real -time brand tactics of various stock exchanges.
Follow the following steps to use Chainlink to trade in price shares trade:
- Install the chain link knot : Use an online tool or software to install the Chainlink node on your computer or mobile device.
- Connect a connection to a knot : Connect your knot with the Internet and confuse it with your API registration information.
- Get market data in real time : Access to the price index, market data API (for example, coingcko, cryptoslate) or other sources for the analysis of price action.
Price action indicators for cryptocurrencies -Futoras
Price campaign dealers use different indicators to analyze price movements and make well -founded decisions. Some popular indicators are:
- Bollinger tapes : An indicator of volatility that the shares are used by average the security price with standard deviations.
- Relative resistance index (RSI) : A impulse suscitor that measures the size of the latest price changes.
- Stochastic oscillator : An impulse indicator that compares the final price with the 14 -day sliding average.
Through the Chainlink combination for futures trade and the use of price action indicators, it can achieve a deeper understanding of cryptocurrency market dynamics and make more informed investment decisions.
