Expert traders can make trading look easy. In reality, nothing could be farther from the truth. To be a successful trader over the long run, you need a very specific set of skills, psychological characteristics and areas of expertise. It also takes time and intuition, which can only be developed with experience. This goes double for trading on cryptocurrency exchanges, as it also requires understanding a fairly new and dynamically evolving market. While more people than ever are trying to get rich off cryptocurrencies, very few of them really have what it takes to keep up with the market, and those with the potential to become professional traders face a steep learning curve.
That is a pity, because this market really does offer some unique opportunities, especially at this more complex stage of its development – and also because it needs more and higher-level trading activity to help support its growth. Invest in Brokers is a project that offers a way to do just that, by bringing social trading from traditional finance into the cryptocurrency world. In brief, its Invest Platform would allow ordinary people to “piggyback” on professional traders, copying trades to share in their success.
How can you profit with the Invest Platform?
Experienced and amateur traders alike will be able to register on the Invest Platform, accessing it through its website or a mobile app and staking a fixed amount of native INV tokens. They will have the option of making their trading strategies and past performance data publicly available. Other users could then subscribe to any of the registered traders for a subscription fee, all of which will go directly to the latter. Subscriber accounts will be linked to trader accounts through an API that will automatically replicate the “master” account's trades on the exchanges of the copiers' own choice. 10% of the profits from all copy trades will go to the platform, while 15% will go to the original trader, while the rest will go to the subscribers themselves. The traders being copied will not have to pay any commissions at all.
All payments on the platform will be done with the INV token, which will also be used to reward the most active and successful participants. In addition to the best and most popular traders, those eligible for rewards will include users with the highest referral scores, social content providers, bloggers who write about the system and so on. Invest Platform's interface will provide detailed and easy to access information on all available traders, exchanges and currencies. Traders will be ranked with the help of a level system based on their track records. While their past trades will be visible to all users, their current open positions will only be seen by subscribers. The platform's chat system will allow beginners to ask for advice and experienced traders to share their ideas in more detail with their subscribers. The complete version of the platform will also include trading alerts and other additional functions.
Why Invest in Brokers?
The Invest Platform's model is based on the reasonable assumption that a dilettante or part-time investor will not be able to compete with a dedicated veteran trader in the long run. Therefore it concentrates on attracting the latter, by offering them all the necessary infrastructure and advantageous terms on which to sell their skills and expertise to others. That those others would benefit from being able to outsource their trading to professionals, even with a certain cut going to them and to the platform, may be taken for granted. Even so, the platform offers them some benefits as well. Aside from the subscription fees, their only payments are tied directly to their profits. Also, using APIs for trading means that they will not have to deposit any funds on the platform, retaining full control and safety from theft. The platform itself will be safeguarded with on-chain KYC checks and other authentication features.
Invest in Brokers' team includes experienced software developers from many different companies and fields, first brought together in 2013. They show a good basic understanding of cryptocurrency trading based on personal experience. The Invest Platform is currently still in development, but the team promises that a demo version will be made publicly available soon. The full version should be ready by the end of the year. Post-release improvements are planned, to include the integration of more cryptocurrency exchanges and ideas offered by users.
Token sale details
Cryptocurrency trading made easy and safe
As the cryptocurrency boom continues, two related trends necessitate the development of a more sophisticated trading infrastructure. Firstly, the market is becoming ever larger and more complex, more difficult even for seasoned traders to keep up with. Secondly, there are more new arrivals to the market who find it even more bewildering, yet their participation is required to sustain this boom for longer. As it is now, the market is increasingly suboptimal and to achieve its true potential for its stakeholders, it will need to borrow and build on the toolset of mainstream finance.
Social or copy trading is just one part of this greater process. However, if done correctly, it stands to bring great benefits for everyone involved and ultimately for the cryptoindustry as a whole. Invest in Brokers' approach seems very promising, primarily because of its model which makes trading as easy and as beneficial as possible while also creating strong incentives for professional traders to offer their skills on the Invest Platform. Having already attracted a lot of positive attention in the cryptoindustry, this seems like one of the more promising projects in the sphere.
Links:
Website: https://investinbrokers.com/
WhitePaper: https://investinbrokers.com/whitepaper.pdf
Telegram: https://t.me/investinbrokers
Facebook: https://www.facebook.com/investinbrokers/
Twitter: https://twitter.com/InvestInBrokers
Medium: https://medium.com/@investinbrokers
ANN: https://bitcointalk.org/index.php?topic=3072564
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
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