The following material does not make up the viewpoint of BeInCrypto and ought to not be interpreted as monetary guidance
Cryptocurrency trading is among the most rewarding methods to make money with digital possessions, however it is likewise among the most emotionally difficult.
Without a deep understanding of the marketplace, a mindful trading method, and appropriate danger management, traders are just destined deal with liquidation and deposit losses. In August of this year alone, liquidations on exchanges went beyond $1 billion, and on October 10, the biggest ETH liquidation happened, with traders losing over $32 million.
All these issues might have been prevented if market individuals had more precise information on cost motions and tools that might specifically identify coin worth levels. 1ex Trading Board has actually currently released a tool that can entirely alter the understanding of trading, making it much safer and more effective. Check out listed below about how this business is reinventing the trading market.
Do Not Just Focus on Avoiding Losses; Aim to Earn
In the expert trading neighborhood, a dominating belief asserts that a person can not discover to trade successfully without experiencing considerable monetary losses. Traders typically associate losses with lack of experience, impulsiveness, worry of loss, and FOMO (worry of losing out). They suggest discovering from their own errors as an important action towards recuperating lost funds in the future.
We highly disagree with this technique. People need to not need to lose deposits due to lack of knowledge or an absence of understanding of the marketplace, their feelings, or incorrect guidance. We are pioneering a brand-new kind of market-human relationships, where traders are no longer obliged to compromise cash and health to find out how to make through trading.
Our tools intend to improve trading performance, promote awareness, and, subsequently, enhance general efficiency,” describes Dmitriy Litvinov, co-founder and CEO of the business.
Till today, traders relied entirely on historic, or ‘dead,’ market information: candlestick charts, cost cyclicality, and other standard signs illustrated occasions that occurred in the past with the possession. The market is not fixed; on the contrary, it is continuously progressing and altering.
Historic information holds little worth in the present minute, and previous success does not ensure future revenues. The 1ex Trading Board group has actually based its method on various signs that show the existing motion and energy of the marketplace, making it possible for a more precise forecast of rate motions in the brief or medium term.
“We study the habits of limitation orders in order books. This acts as a more precise indication of the marketplace’s state of mind and desire. Without relying entirely on candlestick charts, we can comprehend and figure out the rates of considerable assistance and resistance levels, thus preventing subjectivity. All of this makes it possible for a more exact entry into a position,” discusses Dmitriy Litvinov.
In action to the marketplace’s need for quality analytics, the AI News service was produced. It can examine the marketplace utilizing numerous signs,
