What are the best futures trading platform?

cryptocurrency exchange software development quora

Daniel Jeffries I am an author, futurist, systems architect, public speaker and pro blogger. September 26th Tweet This. So you want to trade cryptocurrency? You want quit-your-job with a middle finger, fuck you money! Am I right or am I right? Or maybe your wanna be a baller, shot-caller? You want a gold-plated house, a yacht and rap video supermodels jiggling around one of your six infinity pools in string bikinis.

Well have no fear because the Buddha of Wall Street is here to help you with your dreams of crypto glory! There is no secret ingredient to getting rich. Anyone who tells you different is selling something. Of course, cryptocurrencies do have some of the best ROIs in history. And you do have a shot at making some good money. It may take a little longer. Unlike many folks in this space, trading is not my primary interest, but like everyone I do enjoy making money. The very first question you need to ask yourself is, do you have enough extra money to invest?

Surprisingly, the SEC has some good guidance here. Those numbers are arbitrary bullshit but I do agree with the sentiment that led to the creation of those laws. And since the nanny-state is not here to protect you in the crypto markets you will just have to go ahead and take personal responsibility and protect yourself. What if that girl lost all her food money for the year? Not awesome. Not good. Do not be that guy.

By a wide margin, the right strategy for most people is to just buy and hold. Get some well know cryptocurrencies like Bitcoin, Ethereum, Dash, or Litecoin, put them in cold storage, stick them in the sock drawer and forget about them. Just buy, hold and forget. In a year or two, dig them out and sell some of them and buy a little more with the proceeds.

Wash, rinse and repeat until retirement. If you want to trade however, that is a different beast all together. The rules of the game are simple:. Most people crash and burn on the second part. Everyone makes money in a bull market and then most give it right back afterwards.

Your mental strength, emotions and belief systems are all working against you. That business school bullshit they taught you about rational actors with perfectly distributed information making rational decisions in the marketplace is just that, utter and complete bullshit. The markets are not rational. Nor are people. We are fear based, emotional creatures.

Only an ivory tower academic economist would ever think something so utterly ridiculous. First of all, the information is not even close to evenly distributed. Even worse, we all have varying degrees of ability to process that information. Meaning all of us are kind of stupid.

Go directly to Dunning-Kruger and do not pass go. All of us have stupid, magical belief systems and broken mental heuristics that work against us every single second of our lives. This is impossible. I was writing this article not focused and I was late to the party, a double whammy of stupid. Rule number one: If you miss a trade, stay the hell out of the market. But did I listen? Because I am an emotional fear based creature just like everyone else.

FOMO Fear of missing out got me. The force is strong with FOMO and not you or anyone else is immune to it. For most humans giving up their belief systems is the same thing as death. They would rather die, literally, than change their mind. The markets are a lesson in humility. You will learn to see things as they actually are versus how you imagine them to be or you will get taken out to the woodshed and beaten with a rubber hose.

In other words you will lose all your money just like that idiot who sold his car to play the markets. The markets are economic Darwinism and they have no mercy. Let me give you an example of how your belief systems work against you in the game of coins.

One of the traders I follow closely is the Wolf of Poloniex. I just follow the big market moves he posts about on Twitter. The Wolf is a fast, aggressive trader and that matches nicely with my personal style. His calls regularly make me tons of money. The rest of our trades make only modest gains or loses. Why is that? Because the Wolf has an in-your-face persona that rubs many people the wrong way. Any time he posts a call, people are quick to pounce on him and call him an idiot, a douchebag and a shill hucking trading calls.

They want him to fail. They conflate two unrelated things. People get very attached to their opinions. Burn your opinions! Your opinions mean nothing to the market. If you thought a bull market was starting and it turns into a bear, your opinion was wrong. Let it go! Move on! But people love their opinions.

They cling to them desperately. They pick who they like the most and then project their viewpoints onto that person , even if that person has diametrically opposed ideas to their own. So with that kind of broken grey matter, how the hell can we expect to get good at trading?

We all have a lot to learn and the sooner we start doing it, the better we get. Your goal is to learn something every day for the rest of your life. Like all trading books, I prefer the paper copy, as opposed to the Kindle edition, as the chart pictures are easier to see. This book is short and to the point. It concentrates on simple, practical advise, for multiple market trends. While the book is focused on traditional markets, most of the rules he puts forward can easily be applied to the crypto markets.

His reasons for why new traders lose money on the very first page is worth the price of the entire book. Trading with leverage in the cryptos is like juggling Cobras. That brings us to the one major difference between the regular and the crypto markets. When he talks about how a market might take weeks or months to play out, in the parallel universe of crypto trading, that could play out in days.

This is one of the reasons the popular press does not understand cryptos. They regularly report that Bitcoin is over and dead for good. Check out this article from 99 Bitcoins. The problem is the pop-press is used to playing the game at slower speeds. This is the e-Sports universe. The NYSE come from the days of ink and wood pulp. That market will go cold for months. In crypto it could go nova hot tomorrow. Encyclopedia of Chart Patterns.

This book is a monster. Study them anyway. Technical Analysis aka studying the chart patterns works pretty damn well in crypto trading.

cryptocurrency exchange software development quora

Link Information

Our global team of cryptocurrency exchange cryptocurrency exchange software development quora developers, advisors and subject matter experts harness their experience and domain knowledge to ezchange your cryptocurrency exchange development cryptocufrency. Every line of code, every pixel in design, every layer in security stack, each nanosecond on a performance scale and every scenario in quality assurance is diligently taken care of during cryptocurrency exchange software development to deliver meaningful outcomes. Apart from crypto exchange development from scratch, we specialize in delivering white label crypto exchange development services to expedite deployment, thus helping crypto startups to tap into the thriving crypto market quickly and edge out the competition. Whether you rely on us for cryptocurrency exchange platform continue reading from ground zero or opt for our white label crypto exchange solution, we create a harmonious trifecta of technology, design-driven thinking and intelligent strategies to help you accomplish your business goals and drive measurable business quorra. We reinforce our white label crypto exchange with cryptocurrency exchange software development quora following features to deliver cryptocurdency software. Margin trading involves using borrowed funds to lever up a trade, opening a larger position with a smaller amount of funds of a trader. An exchange integrated with margin trading allows traders to borrow a specific amount of funds to increase the size of their orders, which maximizes the gain from profitable trades.

The option to integrate the user profile with all payment systems to deposit and withdraw assets known at the market and to approve credit cards for payment. All-new product with the increased focus on the transaction security, data integrity, modularity and scalability. White Label turn-key solution: company registration in the jurisdiction of your own choice and licensing with the regulatory bodies to the startup of the operating crypto-exchanging office with payment solutions connected. Assistance with marketing support: our partners are experts to promote your crypto-projects for you! The platform is integrated through the simple JSON API that functions as the exchange office aon web-sites, obile applications, chat bots, and games.

cryptocurrency exchange software development quora
View this post on Instagram

📀 Precio ETHEREUM hoy. 🛒 ¡Un buen día para comprar.! #bitcoincolombia #bitcoinmining #bitcoinnews #bitcoincash #bitcoingold #bitcoinprice #bitcoinguru #bitcoinexchange #bitcoinvalue #criptomonedas #criptomoneda #cryptocurrency #criptoativos #cryptoexchanges

A post shared by Albeiro Ceron (@albeiroceronc) on

Setup your own white label Cryptocurrency exchange quickly. Or make your own cryptocurrencyor altcoin with our world-renowned software. Sincewe've been providing exchanges with best software solutions on a worldwide scale.

Various established bitcoincryptocurrency and commodity exchanges trust and use our software system to run their business. Eifasoft Technologies provides a secure, versatile and entirely customizable white-label cryptocurrency exchange software system or Cryptocurrency Exchange Platform for businesses who would like to setup their own cryptocurrency exchange.

Our exchange software qkora a holistic result by which you can trade in more than CryptocurrenciesFiat Currencies and Commodities like GoldSilver. Or you can list your own Currencies. And this is the only thing that helps you to launch a successful Devleopment exchange.

Our software system's trade engine http://trackmyurl.biz/cryptocurrency-exchange-service-10611.html matches orders between buyers and sellers for the most effective price available.

Our exchange software system includes multi-currency wallets that permits you to simply implement many different cryptocurrencies. All cryptocurrency funds are completely secured via multisignature cold storage, which permits you to keep your crypto funds secured and stop cryptocurrency exchange software development quora external access.

Any exchange needs a full order book to attract traders. A full order book provides the specified liquidity to instantly purchase and sell cryptocurrencies with tight spreads. All cryptocurrencies funds will be automatically managed by our integrated wallet software.

Fiat funds such as Euro or US Dollar amounts can be manually cryptocurerncy by the exchange operator or automated through the implementation of payment processing features and banking interfaces. From alternative cryptocurrencies such as Litecoin or Ethereum to fiat currencies such as Chinese RMBor even your personal cryptocurrencyanything can be embedded into your exchange.

You can implement multiple languages along as. Online Cryptocurrency Exchange Software Development. Core Benefits. Highly Rated. Salient Features. Various Incomes. Agent Panel. Who are using our Software.

How to Build an Exchange

Secure, fast, scalable, and robust cryptocurrency exchange software solutions

PREV: whats up with bitcoin cash

NEXT: what is the best bitcoin miner for mac