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Is the Bullish Hikkake a reversal or continuation pattern? Community
The Bullish Hikkake is primarily a short-term continuation pattern, though it can sometimes signal a reversal. It forms when price gets "trapped" in a false breakout—initially breaking below a...
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What is the nature of conferences in metaverse? Community
Conferences in the metaverse leverage immersive virtual environments to bring global participants together without physical constraints. Unlike traditional events, they offer 3D interactive spaces...
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What are the potential downsides of short-term trading versus long-term investing? Community
Short-term trading, while potentially profitable, carries significant risks compared to long-term investing. Higher transaction costs from frequent trades can erode profits, while increased tax...
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What are some common cognitive biases that can affect traders, and how can they be mitigated? Community
Traders often fall prey to cognitive biases that impair decision-making. Confirmation bias leads them to favour information supporting their beliefs while ignoring contradictory evidence....
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Why is KYC required for crypto? Community
KYC (Know Your Customer) is required for crypto to enhance security, comply with regulations, and prevent illegal activities. It involves verifying users’ identities through documents like IDs,...
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What is the difference between short selling and buying a stock? Community
Short selling and buying a stock are opposite strategies in trading. Buying a stock, or going long, means you purchase shares with the expectation that their price will rise. You profit when you sell...
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