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2022-11-21 15:20:21 What is swing trading

Swing traders aim to capitalize on market movements (swings) over an intermediate time.

Its characteristic feature is the use of day/week timeframes and a tough investigation of risk management.

Thus, swing trading is a set of strategies, a unique goal: to enter the trend at the time of the rollback and make a profit with the least risk.

Swing traders often use classic chart patterns to form the basis of their strategy.

Want to know more about swing trading strategies? Write + in the comments below. Open / Comment

2022-11-18 17:45:05 Technical Maintenance on LocalTrade CEX

Our team is pushing out an update to the exchange platform https://localtrade.cc. During the next hour, users might experience issues with website functionality.

We'll share the update log after the update is finished!
Thank you for attention. Open / Comment

2022-11-18 17:18:13 What is the most accurate chart pattern to trade?

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2022-11-18 15:03:45 Own Just Shares Token is already on exchange!

OJS — is a secure and stable property-buying cryptocurrency that helps holders buy properties without limitation.

Listing date: November 18, 2022

Time: 12 UTC

Pairs: OJS/USDT

Initial price: $20

Learn more about the project on its official Website

Trade OJS right now! OJS/USDT Open / Comment

2022-11-17 18:51:55 New property purchasing token coming to CEX!

Own Just Shares — is a secure and stable property-buying cryptocurrency that helps holders buy properties without limitation.

Total Supply: 12,000,000,000

Fast payment and huge transaction can be done at once without any approval from anyone

You may pay less than you would with a cash offer or mortgage-funded offer.

Learn more about the token on the project Website

Listing details:

Listing date: November 18, 2022

Time: 12 UTC

Pairs: OJS/USDT

Initial price: $20

Test the excellent capability to avoid crypto volatility with Own Just Shares! Open / Comment

2022-11-16 17:25:12 Know-your-customer or KYC — involves the exchange verifying your identity and proving that you are who you're claiming to be.

It`s important because it prevents money laundering and other illicit activities.

Why it’s secure?

In order to protect user’s assets from fraud, KYC was made mandatory for crypto exchanges all around the world. Your information doesn’t travel between servers: data is encrypted, and your own storage space is created.

On LocalTrade CEX without identity verification, the account's functionality will be limited. Unverified users are not able to withdraw over 1 BTC weekly or access advanced functionality.

How it works

1)Enter your personal information: first name, last name, middle name, date of birth and gender.

2)Enter your address info, including country of residence, city, street address and zip code.

3)Submit pictures of your documents for a quick KYC check.

Usually, it takes 2 hours to commit a background check and verify your account.

Verify on LocalTrade Open / Comment

2022-11-16 14:26:12 Open / Comment

2022-11-16 14:24:24 Elon Musk has officially announced the relaunch of the paid Twitter Blue tick subscription (November 29).

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2022-11-15 16:39:59 One of the most important tasks of a trader is to control the risks.

Have you ever heard about 2% and 6% — the rule of Elder

Dr. Alexander Elder (trader and financial psychologist) in his 2014 book “The New Trading for a Living” suggested the approach for trading, and it still works. Especially for the crypto market, where the emotions take you over, and you can lose clarity and control.

2% rule: don't risk more than 2% of your account equity on any one trade.

Even if you’ve had a series of non-winning trades, the 2% rule is designed to keep you in the game and trade another day. Because if a series of large losses will happens, then your capital will be equal to 0. Therefore, the size of one position should not exceed 2% of the available funds.

6% rule: don’t open new trades until the end of the month if the sum of your losses for the current month and the risk in open trades reaches 6% of the total account equity. Take a break for 1-2 weeks.

What rules of risk management do you have? Open / Comment

2022-11-14 17:53:22 Bull market is like Christmas — you always wait for the presents, but sometimes you get shit gifts.

During the bull market you can earn a lot! But when the prices rise, it’s easy to get caught up. So don’t forget to be disciplined and think clearly.

What causes a bull market?

Halving (the process where the rate and rewards for mining bitcoin are cut in half)

Mainstream and pop culture support (from Elon Musk to Kim Kardashian)

Positive news in the industry's long-awaited blockchain development (like when Ethereum finally moved to PoS in September).

World events (such as pandemic or war).

Introduction of institutional capital (for example MicroStrategy invested $650M in Bitcoin)

At the end of 2024, crypto experts predict the start of the next bull market. Do you believe them? Write in the comments below Open / Comment