Published inSnapBots·May 12, 2021What is a liquidity pool?We previously shared the differences between centralised exchanges (CEX) and decentralised exchanges (DEX) here. Today, let us focus on the enabler for DEXs to function — liquidity pools. Liquidity pools are a collection of token pairs that are locked in a smart contract and hosted on a blockchain network. These…Snapbot3 min readSnapbot3 min read
Published inSnapBots·May 4, 2021Differences between CEX and DEXRiding on the rise of decentralised finance (DeFi), decentralised exchanges (DEX) have grown in popularity. Emerging as an alternative to centralised exchanges (CEX), there has been talking within the cryptocurrency industry that DEXs represent the future of crypto trading. Today, we shall explore what constitutes a CEX and DEX, their…Dex3 min readDex3 min read
Apr 28, 2021Risk Management for Crypto TradingRisk management is the backbone behind every successful trader. This is even more so for the highly volatile cryptocurrency markets. In trading, the risk is usually defined as the probability of a negative event happening during the trade. …Snapbots3 min readSnapbots3 min read
Published inSnapBots·Apr 6, 2021What Does Social Sentiment Mean For Crypto Trading?Due to the speculative nature of cryptocurrencies, social sentiment plays an important role in influencing cryptocurrency prices. The social sentiment is a way of measuring the emotions behind social media and other online mentions. For example, when Tesla announced it was purchasing US$1.5 billion of bitcoins, the market displayed a…3 min read3 min read
Published inSnapBots·Apr 5, 2021IMPORTANT NOTICE -SnapBots and Torque TradingWe have received some queries from some members of the public on whether SnapBots Ltd is owned or linked to Torque Group Holdings and its management. …1 min read1 min read
Published inSnapBots·Mar 29, 2021Riding the NFT Wave — NFT ExplainedUnless you are on a social media detox, you would have likely heard of the craze surrounding NFTs today. From digital artist Beeple’s Everyday collection going for US$69 million to Twitter co-founder Jake Dorsey selling his first-ever tweet for US$3 million, NFTs are taking the digital world by storm. Despite…Nft3 min readNft3 min read
Published inSnapBots·Jan 20, 2021Trading Psychology-Why Is It Important?The importance of having the right psychological approach to trading is crucial for long-term success. Although trading can be highly quantitative, the relevance of trading psychology should not be overlooked. Trading psychology can be defined as “the emotions and mental state that help to dictate success or failure in trading…Trading Psychology4 min readTrading Psychology4 min read
Jan 12, 2021How To Pick A Good Stock To Trade — The Complete Guide for BeginnersPicking a good stock to trade can be challenging. With thousands of publicly-listed companies on a single exchange, the plethora of data can be intimidating for a novice trader. While traders have their preferred strategies and checklists to follow before executing a trade, here are some guidelines to assist you…Stock Market3 min readStock Market3 min read
Dec 30, 20205 Traits Needed To Be a Good Day TraderWith the ease of setting up trading accounts and executing trades from a computer, day trading is no longer a job reserved for professionals from trading firms. Today, everyone can trade. …Day Trade3 min readDay Trade3 min read
Published inSnapBots·Dec 22, 2020Trading Checklist for Beginners (Before Entering Any Trades)Luck is when preparation meets opportunity. As a day trader, having a daily checklist before starting the trading day is crucial in maintaining one’s discipline and ensuring consistency when executing trades. Therefore, professional traders often view their daily checklist as a ritual one must go through to prepare themselves before…Trading3 min readTrading3 min read
