Using Leverage on Ethereum Trader22. April 2022
Using Leverage on Ethereum Trader
The Ethereum Trader platform does not provide enough details regarding the use of leverage. Nevertheless, we have noticed that most similar platforms offer leverage of up to 1:1000.
This means in practice that a trader can open a position that is 1000 times larger than his initial capital. Potential gains can thus be greatly enhanced if your order is in line with market trends. However, if you are wrong, the losses will be even greater.
In general, trading with leverage is a very risky business and should be avoided if you do not know exactly what you want.
The highly volatile nature of crypto-currencies makes it even more difficult. It is for this reason that we recommend that inexperienced investors do not venture into leveraged trading.
You risk losing your capital at the snap of your fingers if the market trend doesn’t agree with you.
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Ethereum Trader: How does it work?
The way Ethereum Trader works is pretty straightforward, no matter what anyone says. The platform allows you to trade automatically in the cryptocurrency market without the help of a trader.
To do this, algorithmic and technological tools such as AI are used to analyse large amounts of data and execute orders based on this information.
The application evaluates market information such as trends, historical data and even technical indicators to find the ideal time to open or close a position. The developers of Ethereum Trader are quite confident about the success rate of their Trading Bot.
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Apart from automated trading, Ethereum Trader also allows advanced users to facilitate their manual trading strategies. In particular, they can enter their trading parameters such as the asset to trade, stop loss, margins and the price at which you want to buy or sell an asset on the trading interface.
Once these trading parameters are filled in, the robot automatically executes the trade. This gives a seasoned trader the ability to place advance orders without having to monitor the market trend 24/7.
Ethereum Trader and the Financial Side
On the financial side, Ethereum Trader also differs from other platforms in several aspects. Here are some of them!
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A Free Platform
One of the advantages of Ethereum Trader is that it is a free application. Unlike some applications that only have to be installed for a fee, you don’t have to pay any fees to have Ethereum Trader on your mobile.
Furthermore, there is no subscription plan required to use Ethereum Trader. All you have to do is create a free account and you’re good to go!
As an added bonus, the platform’s designers claim that it does not charge any fees or commissions on your earnings. In other words, if you earn €2500 for example thanks to your different trades, you will receive the totality of it when you ask for a withdrawal.
That said, it is likely that the partner broker will charge trading fees that have nothing to do with the use of the Trading Bot. These fees may be higher or lower depending on the broker you choose.