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Showing posts from April, 2022

Placing Profitable Trades Using OCO and OSO Orders

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The crypto trading market is extremely attractive for new and expert crypto traders because of its strong trends and volatility. Increased volatility means increased risk, and expert traders manage this increased risk by incorporating some effective strategies and conditional orders in their trading. Conditional orders are used to place orders which will be canceled or submitted only if the specified criterion is met. This order type is appropriate when it’s important to automate part or all of the trade order process. Conditional orders are the advanced orders which are automatically submitted or canceled. These orders must be placed before the trade is entered. These are considered the most basic form of trade automation and are used in advanced trading strategies. T raders often use conditional orders for stop loss, Trailing stop loss, stop sell, and various breakout strategies. Two common conditional orders popular among crypto traders are: OCO (One-Cancels-the-Other) orders and ...

How beneficial is Binance futures trading for beginners and expert traders

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There is no secret that crypto derivatives trading has become highly popular among traders. Every day, more and more traders are taking the opportunity to earn quick profits regardless of the market’s direction and trends. In fact, crypto derivatives including Binance futures contracts are quickly gaining popularity as traders are looking at new ways to reap the opportunities of the ever-growing crypto trading market. And, Binance Futures trading offers a unique opportunity to its traders to enter this fastest-growing crypto derivatives market which has witnessed huge trading volume every month. Now the question is why expert traders prefer Binance Futures? Why Binance Futures? The spot market allows traders to buy crypto assets at anytime, but with certain limitations. And, here the traders have to even hold the assets for a while before taking out profits. But on the other side, futures trading allow traders to diversify their portfolio and increase their exposure to a varie...

Crypto trading signals- An ultimate guide to trade cryptocurrencies

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Trading cryptocurrencies can be quite tricky- especially if you are a beginner.   However, by using some expert guidance in the form of trading signals, copy trading, etc. you may streamline your trading. If you are also among those traders who are struggling with crypto trading, then trying out crypto trading signals will surely enhance your trading activity. For novice traders, the trading signals provide a guided path to the crypto trading world. Signal providers offer a variety of data points for the traders such as which cryptocurrencies offer good investment opportunities, what should be your target profits to sell, what price to buy an asset, and most importantly, where to set the stop-loss to protect against downside risk. Usually, one can determine these metrics through an in-depth research and analysis, and crypto trading signals are doing this on trader’s behalf and providing fantastic returns. Let’s understand, what are crypto signals? Crypto trading signals Cry...

Execute your Trades Instantly on top Exchanges Using TradingviewWebhooks

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We all know that crypto trading is not an easy task. The crypto market is quite challenging, volatile and unpredictable. For those who are looking to take full control of their trades, making use of signals and notification alerts are the best tools to include in their crypto trading strategy. However, there are times when you are busy with any other task and you can’t execute the trades consistently within the specified timeframe. Isn’t it? What’s now? There is one such powerful tool that you can choose to automate your trades, or execute the trades promptly. What’s that? Its webhook! No matter what kind of trader you are, TradingViewwebhook will execute the trades automatically on your behalf on almost any trading platform. Webhooks allow you to monitor updates and stay informed. What are webhooks? Do you know you can automate any trading scenario on TradingView using zero coding? The code-free trading automation suite enables crypto traders to easily create automatic trading ...

Use the Best Exit Strategies to Limit Risks and Secure in Profits

While placing any kind of trade, money management is one of the most important aspects that one must consider. Many traders spend hours in fine-tuning their entry strategies, but at last, they blow out their accounts taking the bad exits.  If fact, most of crypto traders lack an effective exit planning, and are often more likely to take premature profits or run losses. Every investment has an entry and exit plan! You need the right exit plan/strategy to make sure that you stick to the decisions you’ve outlined in your crypto trading plan. Without the right strategy, you are most likely to make decisions based on emotions like greed or fear.  So, an exit strategy is integral to any crypto trading plan. Basically, a trade plan is designed by a trader to predetermine their exit strategy. There are two ways where one can get out of trade: by taking profits or by making a loss. And, when talking about exit strategies take-profit and stop-loss orders are referred to as the best exit...

How Margin Trading is Beneficial on BitMEX Exchange

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It doesn’t matter if you are a beginner or an expert trader; the thing which matters during crypto trading is the kind of platform you choose. The right trading platform will provide you with some excellent features, minimal fees, the best trading bots, advanced tools along with ensuring the maximum security of your data and investments.   And, one name that strikes the mind of crypto traders whenever we are talking about all the above features is BitMEX. BitMEX Exchange BitMEX exchange platform allows its traders to trade both in futures and crypto trading markets. And, according to the latest reports, soon it is going to add the spot trading feature. This exchange comes with many excellent features as it offers all kinds of basic and advanced crypto trading tools and order types to make trading more interesting. Previously, the only restriction with this platform was that it was accepting deposits in Bitcoin, but now it’s changing as users will now be able to use Tether for ma...

Why Should One Incorporate OCO Order in Their Trading Strategy?

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Placing an order to trigger at a certain price away from the current market could be the most convenient way to trade any assets. It can help you to enforce discipline in your trading and also save you from watching the volatile market trends continuously. While this could be a convenient option with using simple orders to trade, there are advanced orders available which can be used for planning ahead your trades. And, knowing what risk management tools to implement, or when, is the key essence of managing your crypto trading portfolio. The most popular crypto trading platforms like Binance offer both basic and advanced order types to the traders. Let’s have a look at the most popular one: OCO Order Do you really wish to use the best risk management tool which could help you manage your exit strategies? If yes, then you should go ahead with the most advanced order known as OCO (One-Cancels-the-Other) order. This order type combines two market orders where if one order is fully or p...