Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

You’re ready to start trading seriously and want to keep track of how the market behaves, maybe use it to try and predict future movements, or just analyze the patterns of an asset’s price movements. However, it may turn out that it is harder than expected to get started. All the different names may be confusing, not to mention that you’d require a basic understanding of market movements to stay in touch with new developments.

Luckily for you, we’ve developed a short but handy guide on what indicators are, the most common ones, and all you need to know. Looking for a place to implement all that new knowledge? Try PrimeXBT, a derivatives trading platform that can meet all your trading needs.

Technical Indicators: A Primer

Trading indicators, or more specifically known as technical indicators, are signals produced by the price, volume, and open interest in an asset. Users who follow technical analysis will keep a close eye on these signals and their patterns in order to predict future price movements. It is by no means an exact science, but it goes a long way towards helping you make an informed choice.

There are quite a few indicators, but here are those you should know about:

• Moving average: this indicator shows the direction that the price is moving without taking into account short-term price spikes, and is usually done over a few months.
• Exponential moving average: places greater weight on recent price points, making it more receptive to new information.
• Stochastic oscillator: compares a specific closing price to the range of an asset’s prices over time to show momentum and trend strength.
• Bollinger bands: provide a range within which the price of an asset usually trades—the narrower the bands, the lower the asset’s price volatility.
• Fibonacci retracement: this indicator can pinpoint the degree to which a market will move against its current trend—a retracement is also known as a pullback or a temporary dip.
• Standard deviation: helps traders figure out the size of price moves to estimate the effect volatility on price movements.
• Moving average convergence divergence (MACD): combines two moving averages to detect changes in momentum.

Of course, this is far from an exhaustive list. Maybe you will never need any other indicators than the ones listed, or maybe you will find your favorite among those not mentioned here. Important to note, however, is that you can’t use just one indicator and expect failsafe results—but you also shouldn’t use too many as it can lead to incredible confusion (not to mention potential headaches).

When it comes to cryptocurrencies, making the right trade at just the right time can be difficult with all the confirmation times. This is why derivatives trading is the most common choice for those who keep careful track of the markets, as they allow for much more flexibility with the same effect. As the platform with the widest spread of assets on offer—aside from crypto, you can find indices and commodities here as well—PrimeXBT is almost certainly the perfect choice to start your trades based on technical analysis.

PrimeXBT has prepared a special offer for their new customers: they will get 50% of their first deposit credited to their account as a bonus that can be used as additional collateral to open positions!

Don’t forget to join PrimeXBT / Covesting telegram community to find more information about the Trading terminal, Copy trading module and how to save up to 25% of your commission with COV token and other token utilities!

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

For any experienced user, margin trading is a double-edged sword: although it can amplify your profits significantly, it can also do the same to any losses you may have. Although a cautious approach is warranted, many traders who would otherwise be interested in trying this type of trading are discouraged. As it is, with the added volatility of the cryptocurrency market and potential foul play, adding margin trading to the mix can lead to losses that go far beyond what investors can take. However, this is not always the case.

Margex MP Shield Protection

Margex is a cryptocurrency derivatives trading platform that offers up to 100x leverage. What makes it different from other such platforms, however, is their proprietary MP Shield System that works as a protection against price manipulations.

On this exchange, the price of an asset depends on the combined liquidity of at least 12 different providers. This means that an error within the provided data from a single provider cannot cause issues on Margex’s end. Further, the number of tradable assets on Margex is very limited; while this may seem like a drawback, it is actually a way to evade illiquid assets that may be part of a pump and dump scheme.

As an added security measure, an AI-based algorithm developed by the team monitors the consistency of all price feeds from each provider—which helps recognize if a provider, for any reason, starts sending inconsistent data. The same watchful eye is turned onto traders on the platform as well: all suspicious trading activities are consistently monitored.

All of these help address some of the most common margin trading issues. While the practice is still highly risky and requires significant beforehand knowledge—as well as the readiness to potentially lose all you have invested and more—Margex brings a little more security and transparency into the highly volatile cryptocurrency margin trading world.

Other Notable Features

While the price protection technology is a major part of the exchange, it is far from the only feature they have. Starting from even the basics, the Margex interface is very easy to use and friendly towards traders of all skill levels. A big part of this is the fact that all the important features are prominently displayed and labeled in obvious ways in order to evade any confusion. This has been widely recognized by those interested in cryptocurrency leverage trading: the platform has been hailed as the easiest to use crypto margin trading exchange currently in the market.

There are several other reasons for this, aside from the interface: the platform offers relatively low fees and is privacy-friendly, meaning that all you need to start trading is a valid email address and a funded account. Its leverage that goes up to 100x allows for significant versatility.

Perhaps most importantly, the team listens to their users and takes their needs and feedback into account. They have been quick to add new features that were requested by the community. This is a modus operandi that they intend to keep: if you’re an active Margex user and see room for improvement, be sure to reach out to them and let them know.

With all these features combined, along with their consistent effort to put their users’ needs first, Margex is one of the best crypto derivatives trading platforms available in the market.

Special Deal:

How to Get a USD 150 Bonus at Margex

So you’re ready to give Margex a shot, but you would appreciate an extra incentive to do so. Or maybe you’d already decided, even without the bonus, but would not refuse more funds to trade with. Not to worry—the steps are extremely simple. This is what you need to do:

• Click on the banner. Nothing easier!
• Create an account on Margex. As soon as you do so, you will get a USD 50 bonus credited to your account.
• Deposit at least 0.004 BTC. While you can deposit more, you will need this minimum for the next step.
• Open the support live chat and send the code “CRYPTONEWS”. Without the quotation marks, of course—just click on the live chat bubble on your screen and type the word.
• Within 24 hours, you will receive another USD 100 bonus. You may have to be a little patient, as the process is not as instantaneous as the first part of the bonus. Still, this is as simple as it gets, right?

You can click here to start. With USD 150 in addition to the 0.004 BTC, there is nothing stopping you from dipping your toes into the derivatives trading world on one of the most secure exchanges out there. Good luck and never invest more than you can stand to lose!

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Seeing the market plunge is extremely stressful for any crypto trader—or anyone with any crypto asset holdings. However, those who are serious about trading don’t have to despair. It is still possible to turn your fortune around—but you have to be callous enough to take advantage of the red market. You will need trading knowhow, a little foresight, and a platform that supports long and short positions (psst—PrimeXBT is an excellent choice).

What Are Long and Short Positions?

First, the terminology; understanding the jargon goes a long way towards making valid, informed choices. Although it’s often used to refer to complex trading procedures, it does not have to be too complicated itself. The terms we’re referring to are long and short positions, of course.

A long position means you have bought certain assets that you now own. A short position means you owe the assets to someone but don’t own them yet. You probably already know about long positions being inherently bullish in nature—this is because you already own those assets, they’re fully paid for, so to profit off them, you’re hoping the price will rise.

On the other hand, if you’re selling assets but you don’t own them (ie. shorting), the situation is slightly more complicated than that. You will first have to buy those assets: one of the most common ways is by using a margin account, where you’re basically borrowing. Then, when you have to pay it back, you hope that the price will fall so the difference between the two purchases is your profit. This is why a short position is considered bearish.

We’ve mentioned another term that we haven’t explained here: a margin account. By definition, “a margin account is a brokerage account in which the broker lends the customer cash to purchase stocks or other financial products,” Investopedia explains. There is usually a collateral that depends on the brokerage, as well as an interest rate.

As you’re investing with more funds than you otherwise would, margin trading can earn you much higher profits, even when you pay back the borrowed funds. However, the same is true if you lose: you will lose both your own funds and the borrowed ones, plus you will owe a certain amount of interest on top of that.

This is why margin trading is extremely risky and should be approached with the utmost caution. Add to that the inherent volatility of the cryptocurrency market, and the situation gets quite complicated. But also, as we mentioned, this is an opportunity for a savvy investor to profit even when the markets are turning red.

How Can I Get Started?

So you have done your research and decided that you can take the risk of margin trading. The first step is choosing a reputable trading platform: PrimeXBT offers access to more than just cryptocurrencies with leverage of up to 100x, making it an excellent place to trade. You will need to open an account—which is easy, as long as you have a valid email address, as you will not need to provide any other personal data.

After that, fund your account with either crypto or fiat of choice and read up on the long and short examples on their website! As for trading itself, PrimeXBT is very straightforward. There are several places from which you can place your order (each of which is marked with Trade), and all you need to do is fill in the details in the New Order window. You can modify your order later, if needed.

Ready to seize your opportunity? Then follow this link to sign up with PrimeXBT!

PrimeXBT has prepared a special offer for their new customers: they will get 50% of their first deposit credited to their account as a bonus that can be used as additional collateral to open positions!

Don’t forget to join PrimeXBT / Covesting telegram community to find more information about the Trading terminal, Copy trading module and how to save up to 25% of your commission with COV token and other token utilities!