Encrybit Cryptocurrency Exchange Evaluation Survey Term Explanation
Encrybit Team Welcome you to CryptoExchange Evaluation Survey 2018.
First, we thank you all the partakers who are interested to take participate in this survey.
If you are newbie in cryptocurrency trading or don’t have much knowledge or experience then you don’t have to worry about the survey. We’re here to shorted all your concern about the survey questions with the clarification.
Let’s take quick look at few of survey terms that require knowledge towards the cryptocurrency trading elements.
Paper Trading — A demo trading environment for newcomers before actually trading in the real market.
Nominee functionality — A Owner can assign a Nominee as the person who is entitled to receive for his/her own rights for transcations & all the related benefits upon sudden case of death.
Liquidity — A quick buying and selling of the asset without a drastic change in its price.
Coin Pairs — BTC/USD means you can buy BTC using USD. This way many other coin pairs are listed on the exchange.
Crypto scanner — An automatic analysis of the cryptocurrency market history to find best trading opportunities.
Trailing stop loss — A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached “trailing” amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn’t change, and a market order is submitted when the stop price is hit.
False breakouts — A Situation where security’s price crosses a resistance level or support level, but then re-crosses the level and returns to the other side is defined as “false breakout” as the price exhibits breakout behavior, but only for a temporary period of time.
Multiple charts of different time span on single screen — The current exchanges offer this on different tabs which makes difficult for the trader to read. Would you like to have it on the same tab for the ease of comparison?
That’s all! with the completion of above terms explanations we would like to wish you best of luck for your luck to win $500 worth of BTC! This survey takes hardly 5–7 minutes. So, give us your feedback and try your luck!
If you still have any questions then you can ask at our telegram channel or you can post comment here.
Have a Happy Survey!
Learn more details about the survey:
Survey timeline from start to end
1300 lucky winners announcement & Reward Distribution
