Guide to beginners of cryptom trading: How to trade in futures with chain (link) and use price action

Cryptom trading has become increasingly popular in recent years, with many individuals and institutions investing their capital on this rapidly developing and unstable market. One of the most interesting aspects of cryptom trading is the ability to trade in futures on platforms like Chainlink. In this article, we will give you an overview of how to start trading in futures with Chainlink (Link) and make informed decisions using a price action.

What are futures contracts?

Futures contract are agreements between two parties to purchase or sell the underlying assets at a predetermined price on a specific date in the future. The prices of futures contracts are determined by supply and demand, while market participants buy or sell assets to use price movements. In cryptom trading, futures contracts can be used to ensure market volatility, speculation about price movements, or simply generate income.

Chainlink (Link): Intelligent Platform

Chainlink is a decentralized platform that allows the creation of smart contract applications. It allows developers to create their own applications that interact with different blockchain networks, including Ethereum, Polkadot and others. Mainnet Chainlink provides access to a network of nodes that can execute orders, confirm shops and perform other functions.

traditional futures with chain link (link)

If you want to trade in futures contracts with Chainlink, you will need to follow the following steps:

• Sign up your account : Create a new account on the chain market platform or use an existing account.

• Set the business credentials : Verify your E -Mailing address and create business credentials, including the API key and the secret key.

• Deposit funds : Cryptocurrency deposit tokens into your account chain value to be used for trading.

• Select Market : Choose a Futures Cryptomena contract you want to trade in a chain link. You can choose from different markets on the platform such as Bitcoin-USD (USDT), Bitcoin-eter (ETH-USDT) or Ethereum-Litecoin (Xlm-USDT).

• Place the purchase order or sale : Use your business credentials and the API key to place your order order.

Price shares trading with chain (link)

In addition to technical indicators, price traders rely on real -time data from various sources including:

• Price index of chain : proprietary index that monitors the prices of cryptocurrency in real time.

• API in the market : Access to historical market data and updates in real time from different stock exchanges.

If you want to use a chain trading for a price action, follow these steps:

• Install the chainlink node : Use an online tool or software to install the chainlink knot on your computer or mobile device.

• Connect to the node: Connect the node to the Internet and configure it using API credentials.

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Get market data in real time : Access to the price index, API on the market (eg Coingecko, Cryptoslate) or other sources for analysis of price shares.

Price action indicators for futures cryptocurrency

Price traders use different indicators to analyze prices movements and make informed decisions. Some popular indicators include:

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• Relative force index (RSI) : Momental oscillator that measures the extent of recent price changes.

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By combining a futures trading line and the use of pricing indicators, you can get a deeper understanding of the dynamics of the crypto market and make more informed investment decisions.

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