KingsleyBuubba:
This is the definition of a Classic album

When you haven't listened to it yet?

Moneywirer:
it's his time and his subscription is still very fresh. In less than 6yrs from now, his subscription would be almost or completely exhausted.

Can't it be renewed?

Q: U said we should buy above the biggest buy order... I thought we are to buy lower than it is so we can sell once the price go high....thanks
A: That was an example not a buy signal.

It illustrates what you should do when given a buy/sell signal

Our next class is on Saturday. We will cover Alot of topics on Tabtrader

Download it (app)

Picture of what it looks like...

If you are experiencing any connection issues on it just update it.

***The aim is to buy low, sell high. If you place your order at 230, within that range, there must be orders jam-packed and bigger in amount. Then place yours close to it

Q: Ok, by 230 u mean number of orders right?
A: No, the satoshi value

Q: The volume is the volume the exchanger has and not the entire volume of the coin right?
A: Yes, exchange volume

Q: Please what does high and low mean
A: It means the daily lowest and highest price of the coin

Q: Hello sir, i thought one is supposed to buy cheap and sell at higher price
A: Of course.

The aim is to buy low, sell high. If you place your order at 230, within that range, there must be orders jam-packed and bigger in amount. Then place yours close to it

Q: Sir why not use BTC/USD as a case study
A: OK from now onwards

Q: If I placed my buy order at a price a bit above the biggest buy orders, is there way of knowing that price will not go south and lead to a loss?
A: You will know the direction when you have analysed the coin in terms of

Volume
Support and resistance
Indicators
Bitcoin movement

We will also be dropping buy and sell signals

Q: Ok - It seems this is the real game. They will still be covered right?
A: sure. We are still on the basis

Funny post...

Jung: We are still learning yeah? Cos I was waiting for the part where you show me the money *Mouth full of money emoji*

Balanciego: Sure it's coming. I have to teach how to earn it first.

So you can stand on your own, earn and bless others

Questions and answers from Class 2 loading...

Please let's not fail to thank Balanciego, he has really done a lot already.

Back to work.

From Balanciego

I will stop here.
Our next class will be on Tabtrader.

Go to your app store and download tab trader


On Saturday.

Now on the part of *Amount*"

This is a secret in trading

When placing a buy order for a coin. You don't just place your order in any price. You look for the biggest amount in the buy orders and place your own buy orders close to it. ie. Where there is jampacking of bigger orders. Do Not place below but above the bigger buy orders. The result is that if that bigger orders get filled, the price of the coin will jump. This also applies in sell orders, in this case, the price of the coin will fall.

Modified
The time of buy or sell orders will help you to know how fast a market pair is. Eg. Trx/btc.

The faster the order appear and disappear determines how fast the coin/market pair is

Click on *Alert*. Set alert for a preferred coin at your chosen satosshi value. Assuming you want to sell TRX at ...249, you create alert of which will ring when it gets to the price.

Clicking on the currency icon pops up different foreign currency which can be used to trade a coin in Binance.

The sky blue arrow shows the candlesticks as the price of a pair rises or falls.

A green candle indicates increase in price of a coin.

A red candle indicates fall in price of a coin

Candlestick analysis helps in general trading

Whether you are trading forex, options, stocks or crypto

In this app, we have moving averages (MA) Exponential moving averages (EMA), bollinger bands(boll), Moving averages convergence divergence(MACD), KDJ, Relative strength index (RSI), WR

There are Alot of indicators used in trading but I will discuss the important ones used in crypto analysis in the course of this class.

SMA, MA, RSI,

The red arrow points to *indicator*

Indicators are sets of mathematical illustrations used in determining the emotional/social state of traders

U notice that the edges of the depth are almost evenly distributed or closely shaped

Another image (below) was added to enhance explanation
.........

Look at the bidding and asking price and observe how close they are to each other. In the bidding part, there is ....249, 248,247,246 likewise in asking part, we have ....250,251,252,etc

You notice that each bid or ask follow each other closely which has been graphically represented in the depth as descending rectangle

Do you guys observe it?

An attempt was made.

Balanciego gave us the answer...

That's a healthy depth

From what I explained about depth in the last class, is this a healthy depth or a manipulated depth?

Explaining picture above

*Sky blue arrow* shows different timeframe to choose while analysing a pair. There is 8hr, 1day, 1week, 1month etc

The speed of a market pair determines which timeframe to use. Faster market requires timeframe in minutes to few hours while slow market pair requires higher timeframe of 8hr to weeks

Also the method of trading determines the suitable time frame. A day trader will mostly choose hourly time while mid to long term trader will choose daily to weekly timeframe.

I have explained *Depth* in the last class

To pop up this analytic page on your app. Click on *Market* and select any pair of your choice

Q: In real time? What does that mean?
A: They pay you according to the price of the current market.

Q: @⁨Balenciago⁩ , are you saying that if anyone uses my referral link to sign up for Binance account.
I would get 1 BNB coin straight up or the person have to make his or her first trade, before the referral bonus

A: No. If so, I would have more than 10,000 BNB.

You get decimal Sats of bnb

Q: Then, how does it work? �‍♀
A: picture below

The same applies to *Withdrawal* you must do 2fa before you can withdraw from Binance. In fact in most exchanges, you must do 2fa.

This is an example of how "select coin* looks like. You can search for the coin you want to deposit on the search space.

To deposit coin Eg. Ltc, BNB, Btc, dusk, eng, eth etc. Click on the *deposit* shown in the previous image, then select the coin you want to deposit. Please be very careful when selecting coin, some coins have almost the same abbreviation. Look very well before click deposit cuz the wallet address for each coin especially non erc20 coins are different. *History* show the total deposits you have done in your account.

Click on *funds* this image above will pop up. You can see or hide your deposited balance.

*show all balances*
Click on it to show all the balances you coins and amount you have. It's a summary of your portfolio.

*Identity Authentication* is done when the amount of daily withdrawal is more than 2btc. There you can click to upgrade your account.

*Security*
For securing your account with 2fa, click on security. Make sure you do this for your accounts to avoid hacking/loss of funds

*Setting*
This is used for changing the app interface to your own preferred style and color.

*Scan*
This is for face recognition or code scanning

*Help and Support*
For contacting Binance customer care in case of any issue in your account.

Class 2. On Tuesday 24th July, 2019.
7am.

Good morning everyone �

Last Saturday we concluded our class with depth trading.

Today I will try to finish the interface of Binance.

For those who just joined us. I'm Balogun Tunde known as Balanciego in Nairaland forum.

If you got to the nairaland thread, you'll discover the introductory topic to this class which you can read to keep abreast of what we are doing here.

Explaining picture below.

What the green arrow(using BNB) means is that when a trader uses Binance coin as trading fees, you are entitled to 25% discount unlike when a trader uses USD, Btc, or eth for fees.

When one uses your Referal ID for registration u earn BNB coin which is currently at 30$.

PS this image can be got when you click "Account" at the bottom of your "Home" interface.

It might interest u to know that Binance coin undergo burn every three months since its creation. IE. The more the coin is burned, the more the value increases.