If you have decided to trading cryptocurrencies, then you should evaluate all the risks associated with this type of trade. In other words, without some basic knowledge and experience it's highly risky that might be causing you lose money rather than making it. What are differences between trading vs crypto trading? Crypto trading has its own characteristics and advantages. Some of them are: - Growing number of cryptocurrencies - A myriad of different trading exchanges - A large number of different coins According to the above information, a trader should be able to distinguish and pick the most promising coins, in addition the trader is required to possess many tangible and intangible skills for successful trading. Let's highlight a key set of skills and knowledge that trader must have: - A trader should know how to analyse the crypto that has been chosen to trade and necessary to understand the correlation along with the rate dependence and trade volume to understand investment activity. - A trader needs to learn is to how to read and build out a price chart and the coding scheme that was introduced for the crypto currency. - A trader must learn to trade correctly by having the patience and a strong mental attitude - You should constantly monitor and make historical data analysis These simple rules will help a trader to perform a successful trade in cryptocurrency market. The complexity of analyzing market data is determined not only by a proper knowledge but also a possibility to get it. In an effort to facilitate and help the traders our company has developed a unique program called S#.DATA (Hydra). It gives you not only the ability to retrieve the market data but to analyse, build custom trading indicators and conduct the predicting behavior of the digital token. tradingsoftware.png Let us clarify and assure you that Hydra is absolutely free moreover can save data in a file format what can be used in any other platforms. To get more detailed information about our products can be found on the StockSharp website.
Good afternoon. Today we will consider a relatively young type of trade - Сrypto trading. What is the difference between cryptocurrency token trading and traditional trading? Traditional trading is, for example, trading in precious metals, currencies and stocks. The main difference between crypto trading and trading on the stock market is the high volatility of the exchange rate. Traders want to get a return of thousands of percent of the transaction, but in the stock market, such transactions are extremely rare, and the time of its occurrence is large enough, they buy shares of little-known companies in the hope of increasing capitalization, which is sometimes not feasible. Below is a graph of the change in the exchange rate of various exchange instruments for several years, which shows how much the exchange rate of cryptocurrency is changing, which allows you to earn more. Crypto-trading.jpg In Crypto trading, fast trades with high returns are quite common. Crypto trading has the greatest similarity with Forex trading. Here, too, the value of currencies is volatile, and stock speculators earn by selling more expensive cryptocurrency and buying cheaper. Different strategies and opportunities can be used to work in the cryptocurrency market. The Designer program, for example, offers a trading solution by building its profitable strategy. Crypto-trading-Designer.jpg Anyone, even a novice trader, can build his robot with the help of cubes responsible for the trading algorithm. Built-in capabilities for debugging strategies on different markets, with the ability to trade on several platforms at once, make it an indispensable tool. More information about all the products of our company can be found on our website.