3 Most Common Crypto Trading Mistakes and How you can avoid them using STC
Cryptocurrencies trading is on high tide. If you are trading Crypto coins like Bitcoin or Altcoin, you might disappear in the waves trying to swim against the market trends. Even though the Crypto market is new, it is dynamic — changing in seconds. This volatility makes trading a little difficult for new traders and tough for seasoned professionals. It is a non-stop, rapidly changing process, more often than not accompanied by significant consequential events.
When trading in a volatile crypto market, it is easy to make mistakes. But here mistake might mean huge losses. Thankfully, Smart Trade Coin launched software which helps traders trade better. Without further introduction, let’s check out all good stuff STC can do for you.
Mistake 1: Placing Wrong Trades
This is one of the common mistakes. Placing good trade needs knowledge of technical analysis, stop loss, risk minimization, and market trends
How STC helps?
Smart Trade Coin Software allows fully automated trading. The trading algorithm of Smart Trade Coin systems allows you to place better trades. Even if you have less knowledge of identifying selling levels or stop loss levels, you can trade using STC.
Mistake 2: Lack of Analysis
One of the major mistakes while trading Cryptocurrencies, wrong graph analysis can burn your investment in seconds. Many online reports have suggested that around 70% of traders fail to make a profitable trade due to lack of access to right charts, graphs, and historical price data. The analysis is important to compare crypto prices to dollar prices. (Most cryptocurrencies trade against the dollar)
How STC Helps?
The STC software the following features that help you in analyzing the market.
- Advanced Manual trading & portfolio functions
As the software has portfolios and exchange connections are already integrated, the extension of functions to the manual trading of cryptos in not complicated adding value for traders and other users.
- Well-defined Statistics
STC software offers a wide range of statistical data including time spreads & price movement which helps traders make trade predictions and build tradingstrategies.
- News Feed
The software has a real-time news section to keep updated with the market trends and information edits.
- Sleek analysis tools
STC is connected to information sources such as CoinMarketCap which supplements their data collection. Users can verify, analyze or export the data about cryptocurrencies.
- Advanced reporting
Reporting functions integrated into the software is a most designed framework for traders. Apart from simple overviews and trade reports, traders can also get detailed tax reports.
Mistake 3: Passive Trading
Passive trading is risky in any volatile market. If you put your money on trades and sleep, you might not make much from the investment. Active trading is a good way to ensure a steady flow of profits.
How STC Helps?
STC software offers substantial support to active traders with its unique features. According to the current growth and initial roadmap, STC hopes to capture a 3–5% share of the crypto trading market in 3 years. It aims to increase token sales to $1 billion and generating sales of $320million by the end of 2019.
Smart Trade Coin application platform shows trade signals, such as:
- Corporate events within the industry and market reaction to it
- When cryptocurrency enters most important indices and listings in leading exchanges
- Explains forks of cryptocurrencies
- Significant price changes in cryptocurrency assets
- All the Macroeconomic developments and events in the industry
STC offers you a strong and supportive community that helps you learn and grow your knowledge and trading skills. With STC, you will get a safe & progressive ecosystem, not only as a trader but as a cryptocurrency user.
