1/ 🧵 One of the most important concepts in economics, especially in trading, is understanding supply and demand. Most of the time, you might think that this is a simple concept , but is it? #threadstorm #outreach
1/ 🧵 One of the most important concepts in economics, especially in trading, is understanding supply and demand. Most of the time, you might think that this is a simple concept , but is it? #threadstorm #outreach
2 / 🧵 Supply is about how much of something is available to buy. Imagine it's like a lemonade stand. When the lemonade is easy and cheap to make, there's a lot of it
3/ 🧵 Demand is about how much people want that thing. Think of it as how much you really want a slice of pizza or a new video game. If a lot of people want it, there's high demand. If not many people want it, there's low demand.
4/ 🧵 It is an important tool that is can be properly learned it can help us become better at trading and finding when to enter and when to exit a trade.
5/ 🧵 Read more here. https://leofinance.io/@steemychicken1/supply-and-demand-how-it-affects-prices-in-trading #hive #gosh @leofinance