Hello Steemit Friends,
I have recently stumbled on this fascinating up-and-coming new exchange. Did you struggled when you started trading cryptocurrency ?. I was for sure one person who didn’t know what I was doing and was having a hard time understanding the market and exchanges system. I am convinced if I would’ve understand early than I did, I would have benefit a lot more.
The cryptocurrency trading platform are mostly complex and unfriendly for new users. Numerous potential traders don’t start just because of the overall “Difficult to understand” factor. Unlike the stock market, where you can give your financial advisor one phone call and they recover your password in addition to babysit you through everything in the trading matter. With cryptocurrencies, you are responsible to understand the market, exchange functions plus the security factors extremely clear if you want to start participating as this world of trading in relatively new.
Capdax has created a copy-trading tools for new comers. So why is this good ?
Trading takes years of experience in making multiple mistakes through out the process. The less we make mistakes, the more we benefit throughout our investments. I like the idea of this exchange!, Capdax provides tools for you to learn faster through more experienced traders and elevate your capability in the trading markets sooner than you could by yourself. This includes copying their portfolio and mirroring all future adjustments. This allows inexperienced traders, or those without enough time, to invest their money in the trades of someone with more experience
Time is money…
Like I mentioned above, the more mistake the greater it will cost your account. Making money while learning is a win-win factor. Looking for good examples to contributes adds to the risk management for novice traders.
Another main advantage of social trading is networking. Building new relationship and exchanging ideas with other traders. In the past, trading platforms has been a lonely place and done in a centralized way. The internet has progressed and united us to furtherly evolved effectively.
Checking additionally, their Facbook following shows 49k like and Telegram member that exceeds 2k with high engagement in the community and there is a lot of hype and positive momentum on both platforms.
Not only does Capdax plan on making trading easier for newer traders like me, but they also plan on creating an expert interface for more experienced traders. Through a number of followers, experienced and well-performed leaders in trading will earn extra revenues by a monthly percentage fee (TBA) based on total amount of funds being used to follow said leader. The larger base of followers, the exceed in growth of income as well. You can basically become a star and grow your influence by showing real trading results on this exchange and build a name in the cryptocurrency investing world.
Thanks for sharing this great info Sue! I'm still new to cryptos, but I suppose not as new I was several months ago. A platform like this I would have appreciated a lot when I was scratching my head trying to figure all this stuff. Great post! Keep up the great work! -Dan
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Thank you Dan !!! Yes it is extremely hard to understand everything in such short times but so beneficial if a person can !! It will be exciting for people like us !.
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I wonder what impact copy trading will have on low volume coins.. I imagine a scenario where the person being followed has a self fulfilling prophecy of buying anything and the price goes up.
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That is a good question !! Assuming that the pros don't take advantage and value integrity to the market overall. It will spread more power to individual traders rather than just letting whales manipulate.. if you look it the other way. Thank you for your comment :) much appreciated
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This ICO looks interesting. Undoubtely copy-trading is a nice feature that saves lot of time. Thank your for this information.
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You are welcome !! Im glad you found it useful !!
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Hmm. The link doesn't work for me. Anyone has issue too?
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Do you mean the www.capdax.com link ?
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Yes, I think it's not https but http.
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nice information .i love this post
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Generic comments could be mistaken for spam.
Tips to avoid being flagged
Thank You! ⚜
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Thanks for sharing great post
@suerisue
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Thank you :)
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Congratulations, you were selected for a random upvote! Follow @resteemy and upvote this post to increase your chance of being upvoted again!
Read more about @resteemy here.
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Thangs for sharing @suerisue this is good knowledge
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Mnnn posting like a financial adviser. Pretty and intelligent. I like it more now...
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Definitely no and nowhere near to a financial adviser !! Just an opinion on a roughly new individual to the crypto world :). Thank you :)
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