bluemac
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What are the main features of the best crypto exchange?
bluemac replied to Malenasanz's topic in Cryptocurrencies
The main features which should be emphasized more than any other factor is to see if the exchange have enough liquidity and ability to process withdrawals timely. -
Agreed with the seasonality since they matters a lot if we consider them during trading any underlying assets.
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I can't say that every broker is a market maker which trade against us however they provide us with all the required technology needed for initiating trades and make money so it is up to us to verify the broker and test them before depositing any money with them. This can be easily done downloading their demo account for testing the processes since demo accounts are given for free by the brokers.
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I believe there are many regulated and reputed brokers like hfm, xm, exness, lmfx, octa etc which can be shortlisted to find out which broker is best suited to our trading needs. The only thing is doing some research on your part before choosing the right broker in my opinion.
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I don't know what was the past for this coin in later years but now we can see this coin trading above the 100k mark and maybe reach to anothe all time high in my opinion.
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Which contests they have been running so far.. As far as i know was the demo to virtual contest.
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Almost they or any other broker in the market have competitive spreads these days because of the high competition and the brokers also have to manage their repute.
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This broker has also started offering spot crypto trading likewise which is a good start in my opinion.
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I mean that the forex brokers can add our trading success since they provides access to initiate trading however there are some other factors like risk management, how and when to exit the trades also count in earning profits from forex trading. The traders should take time learning the required skills which helps them make money and sustain the wealth earned from trading. This takes time to develop these skills in my opinion.
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I have been trading for a long while and i can say that it is really becoming hard to recommend a broker these days since many joining the industry and some leaving also. It is better to shortlist some brokers which are reputed and then do some thorough research before finalizing any broker which suits our needs.
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I think that the new traders should not risk more than 1% of their capital in start. Even the experienced traders doesn't risk more than 2 or 2.5% which is the industry standard in my opinion.
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Its depend on our preference if we need to take direct entry in the market at the current market price then we can use market executions and if we wait for the price to drop at certain price level then we can add limit orders.
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Brokers alone does not contribute toward trader earnings since the traders have to learn the necessary skills too in order to make money out of the marketplace. Some new traders join the industry with no prior knowledge and ends up losing money blaming their broker.
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Anyone visited this broker's website, its seem like they have rebranded it with more option to trade and perks to avail by us in future.
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There are other factors beside forex brokers in my opinion which affect traders profitability what if we connect with one of reputed brokers but does not knew anything about trading.