TYCOON SOCIAL CRYPTO TRADING MADE SIMPLE.

jamesndungu (61)in #trading • 5 years ago

What is social trading: As professional traders, retail traders, or even potential future traders, any enthusiast out there has at some point, searched for a favorable social trading platform. Reason being investors want to keep an eye on the trading behaviors of their peers and expert traders and follow their investment strategies via either copy trading or mirror trading. This is what is referred to as social trading. It requires little or even no knowledge about financial markets, thus being an inexpensive sophisticated alternative to conventional wealth managers by the World Economic Forum.

Here are some key features of social trading.

══════════════════════════════════

It involves the free flow of information between individual financial investors, and as any investor would know, burden less access to information is imperative in financial trading.

Social trading offers traders the chance to work together in teams which can trade the markets in collaboration, whether by sharing information, pooling funds, or dividing research.

They disclose performance statistics of traders, open and past positions, and market sentiment, thus giving participants the entire information to assess the trustworthiness of the contributors they follow on the platform.
Problems associated with the existing social trading platforms.

If a social trading platform is unable to meet the demands of pro traders, then the platform will not be adopted by them, also,without a threshold of professional traders using the platform daily, that automatically means there will be a less number of retail traders wanting to copy their trading strategies. Only if pro traders adopt a platform can it become of assistance to retail traders who are new to the trading scene or who want to explore the tactics and strategies of veteran traders to help them become more successful?

Challenges of trading cryptocurrencies.

══════════════════════════════════

Crypto trading for profit is way more difficult than trading stocks or conventional currencies. The crypto market does offer an easier entry for traders who aren’t that much experience, but so does it pose numerous challenges, leaving these retail traders with the option of losing, especially if they trade lower time frames.

A new retail trader in this market needs to be glued to their computers for 24 hours a day observing all technical indicators and closely monitoring the developments and events in the market. Research shows that the majority of successful retail traders have had the privilege of being trained by professionals in the market and have insights that most retail traders don’t.

CONCLUSION.

══════════════════════════════════

Tycoon was developed by traders for other traders, and it meets all the demands of pro traders. Thus it's guaranteed to have a strong adoption. Only professional traders adopt the Tycoon platform.

The retail traders can benefit from that and choose their preferred trader from large pool of them. The larger the pool and the more sophisticated the ranking system, the more likely a retail trader can find a pro trader with a similar trading style who wants to trade the same crypto assets while beating the market at the same time.

Tycoon founders are professional traders meaning they know exactly what pro traders are looking for and thus there are extremely high chances that there will be a significant adoption.

🔗 Website: https://tycoon.io/
🔗 Whitepaper : https://www.tycoon.io/whitepaper.pdf
🔗 Facebook : https://www.facebook.com/Tycoonio-1082428378632504/
🔗 Instagram: https://www.instagram.com/tycoon.io/
🔗 Twitter: https://twitter.com/tycoon
🔗 Telegram: https://t.me/Tycoon_Official
🔗 Linkedin: https://www.linkedin.com/company/tycoonio/about/
🔗 Github: https://github.com/tycoon
🔗 AnnThread: https://bitcointalk.org/index.php?topic=5165235/