SAN FRANCISCO (PRWEB) October 29, 2018
Cryptocurrency trade, if done correctly, is a gift that keeps on giving. Besides its technological appeal it continues to attract new traders because of the massive money one stands to make through savvy investments.
Leading cryptocurrency exchange, PayBito, considerably increases the chances to reach the goal of earning big returns by offering features like Order Book and Margin Trading on its exchange platform.
The relevance of the order book is heavily bent towards short term trade, and is suited to new traders. The shorter the term of trading, the more important and order book becomes. What contributes to its allure to those who do not have extensive experience in trading is that it is really easy to learn. The short cycle of buying and selling concentrates the training period, and repetition polishes the knowledge of the practice. That apart, it also reduces the emotional baggage entwined with long term trades. The longer a trader holds on to an asset, the deeper is the sense of loss that comes when the investment suffers a loss.
Trading the Order Book enables one to exit the prediction game and trade what you see in the order book. Its advantage is to be privy to real-time updates on supply and demand in the market, and this may reveal market manipulation, order imbalances, and support/resistance zones.
PayBito’s provision for margin trading is one of its stand out features. Margin trading, on the other hand, increases the risk factor therefore acting as a vehicle of potential big gains. It is aimed at more experienced players, allowing them to open a position with leverage. The amount spent or invested in buying cryptocurrency is more than what is present in the wallet. While this does sound like it would afford traders a position where they might become reckless, the margin comes with a liquidation price. However, margin can dramatically increase your profit if you pick the right investment.
PayBito’s practical UI is easy to navigate and facilitates quick access to these features. Cryptocurrency trade is a head-turner in the financial space because of its similarity in dynamics to the traditional equities. HashCash Consultants, its parent company, is a known name in the financial circle for its expertise in blockchain based banking solutions, and has a strong team behind PayBito. The cryptocurrency exchange platform trades in the superstars of cryptocurrency – Bitcoin and Ethereum, both of which showed a 1,500% and 10,000%increase in 2017, respectively – and newer, lesser known altcoins with high potential returns.