Build a Super Advanced Trading Bot on DYDX Hosted on AWS with Python - Manually Trading on DYDX
Interactive Video
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Information Technology (IT), Architecture, Business
•
University
•
Hard
Wayground Content
FREE Resource
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Layer 2 solution in blockchain?
A new type of cryptocurrency
A solution built on top of a Layer 1 blockchain
A centralized exchange platform
A type of smart contract
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required to start trading on dydx?
A bank account
A Metamask wallet
A credit card
A government ID
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a feature of dydx trading?
Using leverage
Going long and short
Fast transaction speeds
Trading with fiat currency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of order is focused on in the course?
Stop-loss orders
Limit orders
Trailing stop orders
Market orders
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a market order?
An order to buy or sell at a future date
An order to buy or sell at the best available price
An order to buy or sell at a specific price
An order to buy or sell with a trailing stop
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it recommended to use testnet for practice?
It offers higher returns
It provides more trading options
It is safer and involves no real money
It has lower transaction fees
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key risk mentioned in crypto trading?
No need for risk management
Potential loss of all capital
Stable market conditions
Guaranteed profits
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