What are DeFi applications?
Decentralized applications are generally entirely text-based applications that run on distributed networks such as blockchain.
Decentralized applications are apps that meet the following conditions:
π Open source
Any developer can easily modify or copy the code. Also, the transparency of the code should be such that any developer can use it.
𧩠Decentralized
It works on a peer-to-peer network without any control over the central server.
π Encrypted
The program hack is encrypted using logical and mathematical methods and placed in a blockchain. When the security of one node breaks, other nodes can not penetrate it.
It advantage is that your personal information will not be revealed in the event of an attack.
These applications are games, social media, digital wallets, and financial applications.
#Tutorial
__________
Nominex Links
Decentralized applications are generally entirely text-based applications that run on distributed networks such as blockchain.
Decentralized applications are apps that meet the following conditions:
π Open source
Any developer can easily modify or copy the code. Also, the transparency of the code should be such that any developer can use it.
𧩠Decentralized
It works on a peer-to-peer network without any control over the central server.
π Encrypted
The program hack is encrypted using logical and mathematical methods and placed in a blockchain. When the security of one node breaks, other nodes can not penetrate it.
It advantage is that your personal information will not be revealed in the event of an attack.
These applications are games, social media, digital wallets, and financial applications.
#Tutorial
__________
Nominex Links
Elliott Wave Analysis
Do you analyze price movements?
π Elliott Wave refers to the theory that traders use in their technical analysis. This theory bases on the idea of investment markets on a series of specific patterns that are not related to time.
π§ In general, Elliott Wave Theory points out that any movement in the market follows the public sequence of psychological cycles of investment.
Each pattern referred to in this theory creates according to the behaviors and reactions of the market. It takes a downward and upward trend.
In general, the Elliott wave is not a definitive indicator and should be determined based on market trends and individuals. So using Elliott Wave Theory can do you both good and bad. To use it, you must use it in a trial market.
π Read more about this:
https://nominex.io/blog/education/elliot-wave/
#tutorial
Do you analyze price movements?
π Elliott Wave refers to the theory that traders use in their technical analysis. This theory bases on the idea of investment markets on a series of specific patterns that are not related to time.
π§ In general, Elliott Wave Theory points out that any movement in the market follows the public sequence of psychological cycles of investment.
Each pattern referred to in this theory creates according to the behaviors and reactions of the market. It takes a downward and upward trend.
In general, the Elliott wave is not a definitive indicator and should be determined based on market trends and individuals. So using Elliott Wave Theory can do you both good and bad. To use it, you must use it in a trial market.
π Read more about this:
https://nominex.io/blog/education/elliot-wave/
#tutorial
π¦ How To Connect MetaMask By WalletConnect?
WalletConnect is a convenient open-source tool that enables a mobile wallet to easily connect to decentralized web applications, and interact with them from your phone. It is a more secure way to use Dapps than desktop or browser-based wallets such as Metamask.
You can use Wallet Connect to link Ledger Live to a wide range of DApps from desktop and mobile devices.
Follow these steps to connect your wallet:
1.Install MetaMask on your device;
2.Visit a web based dApp;
3. Connect using WalletConnect;
4. Scan the QR code with your wallet;
5. You are connected!
This process is possible for any other wallet that isnβt MetaMask as well. If your wallet supports WalletConnect, you can connect it to dApps using WalletConnect.
π Read more with examples:
https://nominex.io/blog/education/how-to-connect-metamask-by-walletconnect/
#tutorial
WalletConnect is a convenient open-source tool that enables a mobile wallet to easily connect to decentralized web applications, and interact with them from your phone. It is a more secure way to use Dapps than desktop or browser-based wallets such as Metamask.
You can use Wallet Connect to link Ledger Live to a wide range of DApps from desktop and mobile devices.
Follow these steps to connect your wallet:
1.Install MetaMask on your device;
2.Visit a web based dApp;
3. Connect using WalletConnect;
4. Scan the QR code with your wallet;
5. You are connected!
This process is possible for any other wallet that isnβt MetaMask as well. If your wallet supports WalletConnect, you can connect it to dApps using WalletConnect.
π Read more with examples:
https://nominex.io/blog/education/how-to-connect-metamask-by-walletconnect/
#tutorial
How To Protect Against Ransomwares Attacks
Ransomware is an aggressive piece of malware that usually takes over a victimβs data or device and holds it hostage until a sum of money is released to free it.
The followings are the steps that should be taken to avoid ransomwares attacks:
πΉ Never click on insecure links;
πΉ Avoid disclosing personal information;
πΉ Do not open suspicious email attachments;
πΉ Never use unknown USBs;
πΉ Keep all of your softwares and operating systems updated;
πΉ Use only known download sources;
πΉ Use of VPN services on Public Wi-Fi Networks.
If you are the victim of a file encryption ransomware attack, you can follow these steps to remove the encryption Trojan:
1οΈβ£ Disconnect your system from the Internet;
2οΈβ£ Do some scan with your internet security software;
3οΈβ£ Utilize a ransomware decryption tool;
4οΈβ£ Restitute the backup.
π Read more with examples:
https://nominex.io/blog/education/how-to-prevent-and-remove-ransomware/
#tutorial
Ransomware is an aggressive piece of malware that usually takes over a victimβs data or device and holds it hostage until a sum of money is released to free it.
The followings are the steps that should be taken to avoid ransomwares attacks:
πΉ Never click on insecure links;
πΉ Avoid disclosing personal information;
πΉ Do not open suspicious email attachments;
πΉ Never use unknown USBs;
πΉ Keep all of your softwares and operating systems updated;
πΉ Use only known download sources;
πΉ Use of VPN services on Public Wi-Fi Networks.
If you are the victim of a file encryption ransomware attack, you can follow these steps to remove the encryption Trojan:
1οΈβ£ Disconnect your system from the Internet;
2οΈβ£ Do some scan with your internet security software;
3οΈβ£ Utilize a ransomware decryption tool;
4οΈβ£ Restitute the backup.
π Read more with examples:
https://nominex.io/blog/education/how-to-prevent-and-remove-ransomware/
#tutorial
How to start trading?
Real practice on a demo account is a great way!
The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!
πΉ Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
πΉ The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.
Participation in the tournament 24/7.
Track statistics of your tournament in real time!
πParicipate:
https://nominex.io/en/tournaments/arenas/demo/
Real practice on a demo account is a great way!
The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!
πΉ Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
πΉ The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.
Participation in the tournament 24/7.
Track statistics of your tournament in real time!
πParicipate:
https://nominex.io/en/tournaments/arenas/demo/
Dow Theory
Technical analysis #tutorial to help you start trading
Dow's work gave rise to the concept of market trends, which is considered an important element of the financial world.
According to Dow theory, there are three main types of market trends:
β³ Long-term β lasts from a couple of months to many years, this is the main market movement.
β± Intermediate β from weeks to several months.
βοΈ Short-term β goes out in a week or a maximum of ten days, sometimes in a few hours.
The primary trend is key, and opportunities tend to occur when secondary or short-term trends counter the main trend.
Long-term trends are divided into three phases:
π° Accumulation is the time of buying after the previous trend.
π Public participation β most have noticed the trends and assets are growing rapidly.
πΈ Excess and distribution β smart traders sell assets to the inert majority.
π Read more:
nominex.io/blog/education/dow-theory/
Technical analysis #tutorial to help you start trading
Dow's work gave rise to the concept of market trends, which is considered an important element of the financial world.
According to Dow theory, there are three main types of market trends:
β³ Long-term β lasts from a couple of months to many years, this is the main market movement.
β± Intermediate β from weeks to several months.
βοΈ Short-term β goes out in a week or a maximum of ten days, sometimes in a few hours.
The primary trend is key, and opportunities tend to occur when secondary or short-term trends counter the main trend.
Long-term trends are divided into three phases:
π° Accumulation is the time of buying after the previous trend.
π Public participation β most have noticed the trends and assets are growing rapidly.
πΈ Excess and distribution β smart traders sell assets to the inert majority.
π Read more:
nominex.io/blog/education/dow-theory/
6 ways to avoid psychological traps
#tutorial
1. Understanding your own psycho type
The following types are most often taken into account:
-intellectual;
-intuitive;
-instinctive.
This knowledge will help you find the market and strategies that are right for you.
2. Emotional control
Successful traders can track when emotions are blocking their minds and have practices to help them return to rational trading.
3. Work on mistakes
Many people record deals on video and analyze the recordings at the end of the week.
4. Technology limits and restrictions
Pre-set limits will ensure that you cannot lose too much.
5. Community support
When communicating, experienced traders can notice alarming signals in the behavior of their colleagues and track, as well as help with adaptation to the market.
6. Knowledge and systems approach
The ability to apply theory at the right time will help you avoid mistakes in the future.
π Learn to trade:
https://nominex.io/my/education/courses/1
#tutorial
1. Understanding your own psycho type
The following types are most often taken into account:
-intellectual;
-intuitive;
-instinctive.
This knowledge will help you find the market and strategies that are right for you.
2. Emotional control
Successful traders can track when emotions are blocking their minds and have practices to help them return to rational trading.
3. Work on mistakes
Many people record deals on video and analyze the recordings at the end of the week.
4. Technology limits and restrictions
Pre-set limits will ensure that you cannot lose too much.
5. Community support
When communicating, experienced traders can notice alarming signals in the behavior of their colleagues and track, as well as help with adaptation to the market.
6. Knowledge and systems approach
The ability to apply theory at the right time will help you avoid mistakes in the future.
π Learn to trade:
https://nominex.io/my/education/courses/1
Scalping is a trade in which a trader makes a small profit from each price movement on short timeframes.
Trading in the medium term is the most optimal and less risky option for beginners. Profit / loss is formed from price movements for periods equal to an hour, several hours, days.
Trading on long-term timeframes (week, month) β here decisions on deals are formed based on the analysis of economic processes and external factors.
Instant trading is a rare type when you trades on different timeframes.
Technical trading β it based on technical analysis.
Fundamental trading β in the medium term trader using fundamental analysis.
High-frequency trading is trading that is carried out not by people, but by powerful computers and algorithms.
#tutorial
With Nominex, trading is more profitable than anywhere else, and you can also practice trading in a demo tournament:
nominex.io/tournaments/arenas/demo/
Which of the directions is closest to you?
Trading in the medium term is the most optimal and less risky option for beginners. Profit / loss is formed from price movements for periods equal to an hour, several hours, days.
Trading on long-term timeframes (week, month) β here decisions on deals are formed based on the analysis of economic processes and external factors.
Instant trading is a rare type when you trades on different timeframes.
Technical trading β it based on technical analysis.
Fundamental trading β in the medium term trader using fundamental analysis.
High-frequency trading is trading that is carried out not by people, but by powerful computers and algorithms.
#tutorial
With Nominex, trading is more profitable than anywhere else, and you can also practice trading in a demo tournament:
nominex.io/tournaments/arenas/demo/
Which of the directions is closest to you?
DeFi vs Fiat
DeFi is not an attempt to replace fiat money, but the intention to create a financial system based on the same government money, but implementing an alternative, more equitable, income distribution system.
How fiat loses to DeFi:
πΉ Territorial limitation.
95% of banks can only lend to local companies. To apply for an international loan, you will need to collect dozens of different certificates, statements, letters, etc.
πΉ Limited loan amount.
As a rule, banks have a strict limit on the amount of a loan, and DeFi applications can provide almost unlimited loans;
πΉ The high cost of bank loans.
And loans in cryptocurrency can cost users a penny.
The future challenge for the industry is to make finance open, fair, secure and accessible to all.
π Read more:
nominex.io/blog/education/what-are-defi-tokens/
#tutorial
DeFi is not an attempt to replace fiat money, but the intention to create a financial system based on the same government money, but implementing an alternative, more equitable, income distribution system.
How fiat loses to DeFi:
πΉ Territorial limitation.
95% of banks can only lend to local companies. To apply for an international loan, you will need to collect dozens of different certificates, statements, letters, etc.
πΉ Limited loan amount.
As a rule, banks have a strict limit on the amount of a loan, and DeFi applications can provide almost unlimited loans;
πΉ The high cost of bank loans.
And loans in cryptocurrency can cost users a penny.
The future challenge for the industry is to make finance open, fair, secure and accessible to all.
π Read more:
nominex.io/blog/education/what-are-defi-tokens/
#tutorial
γ½οΈ Moving Average is a technical indicator that market analysts and investors may use to determine the direction of a trend.
The data points summarize financial security over a specific period of time and divide the total by the number of data points to reach an average. This average is called βmovingβ because it is constantly recalculated based on the latest price data.
β± Moving Average is the average price of an asset over a period of time.
Traders can only add one moving average or have different time frames on a chart.
The moving average is usually calculated to identify the direction of a stock or to determine its support and resistance levels.
π Investors may choose different time periods to calculate the moving average based on their trading goals.
Once you have learned how to use the moving average types, you can look at the sell signals that this indicator has given in the past to get the success of the trades.
π₯ Trading training course:
nominex.io/my/education/courses/1
#tutorial
The data points summarize financial security over a specific period of time and divide the total by the number of data points to reach an average. This average is called βmovingβ because it is constantly recalculated based on the latest price data.
β± Moving Average is the average price of an asset over a period of time.
Traders can only add one moving average or have different time frames on a chart.
The moving average is usually calculated to identify the direction of a stock or to determine its support and resistance levels.
π Investors may choose different time periods to calculate the moving average based on their trading goals.
Once you have learned how to use the moving average types, you can look at the sell signals that this indicator has given in the past to get the success of the trades.
π₯ Trading training course:
nominex.io/my/education/courses/1
#tutorial