Trading basics (4)

The Cosmos ecosystem is a decentralized network of independent blockchains. Cosmos blockchains, also called Zones, are parallel, interoperable and are highly scalable. For this reason, the Cosmos team refers to the ecosystem as the ‘Internet of Blockchains’. This powerful connectivity is one of the reasons the community is excited about Cosmos.

As you start your journey as a trader of digital assets, it's helpful to learn about the most common pitfalls traders fall into when they first start out. To avoid these pitfalls, it's important to develop a solid understanding of the market and the associated risks.

Kick start your understanding of dollar-cost averaging (DCA) by watching this video on the OKX DCA Crypto Trading Bot . Here’s how our latest trading bot allows you to fine tune your dollar-cost averaging (DCA) strategy.

Here’s how our latest trading bot allows you to fine tune your dollar-cost averaging (DCA) strategy. What’s dollar-cost averaging (DCA)? Dollar-cost averaging (DCA) is a strategy traders use to buy specific assets at set intervals to split their allocation at multiple price levels. If the market moves against their initial trade, this strategy allows them to get a better entry price. They can then close their position as soon as their 'take profit' target has been reached.