How to Trade Crypto
A short guide to earning your first crypto with trade
Today trading crypto may be as simple as playing a simple game on your phone. Let me guide you through this process to assure you it is accessible to anyone!
Check if there is a positive crypto or fiat balance on the platform of your choice. If you don't have crypto yet or you don't know how to get it, find it here.
Open dedicated product for trading and start new deal.
Choose the crypto pair you want to trade with and chose the deal type you want to open - if you expect growth of the value, chose long. If you think that currency will drop - open short.
Choose the amount you want to trade with. Don’t forget about the risks! The higher expected income is - the higher is the risk of losing your money.
Choose Multiply you will use in your trade. This parameter represents the amount of money you want to borrow from the platform to increase your potential income. Be careful with this parameter as your deal may be terminated if the result of your position with multiplier will be negative and will reach the amount of acceptable loss you choose.
Set Take Profit and Stop Loss parameters. Take Profit shows at what level platform should close the deal for you and give you your profit if you don’t follow the deal in real time. Stop loss will do the same, but with losses - platform will close the deal for you if your position generated the loss of an acceptable level. Don’t forget to use these, because if you don’t set up Stop Loss, deal may be automatically terminated by the platform if the loss of your entire position with the multiplier will reach the initial amount of your trade.
Enjoy! And don’t worry - you can always manually stop the trade or change Take Profit or Stop Loss values.