Cryptocurrency is the digital funds the security of which is assured by the blockchain technology. This technology makes it almost difficult to fake or twofold spend. Blockchain technology is a series of records that are distributed by a cluster of computers. The most famous digital money is bitcoin, etherium, and litcoin. If you are interested in trading with cryptocurrencies, you need to find the software that supports the digital money. And here is the vfxAlert, the professional trading soft which allows them to trade the cryptocurrency. This brand-new application support both the classical equities (binary options, stocks, forex) and digital currencies. vfxAlert provides you with numerous analytic tools that improve the trading process and give you a full comprehension of the market situation:
- Online-chart to follow the trading signals;
- Market trends to forecast the future direction of the price;
- Economic calendar to know the essential financial news;
- Heatmaps to assess the profitability of signals in different timeframes.
Both broker’s platform and the signal are located in one working window. You can choose any broker that is available in your country. Let’s look at the instruments of vfxAlert
Signals for trading the cryptocurrency
The signal is the electronic alert with the suggestion for additional activities. This alert acts according to the predetermined algorithm. Signal advises the trader to put or call. They include the main data about the trading asset. Keep in mind! The signal is the recommendation. The final decision always rests with the trader. For successful trading, there is necessary to understand the structure of the signal.
Structure of signal
1. Asset — currency pair.
2. Price — price when a signal emerges.
3. Time — time when a signal emerges.
4. Expiration — time of the signal’s expiration.
5. Power — number of profitable options in the past with a current combination of indicators.
6. Signal — CALL or PUT options.
7. Algorithm — algorithm of signal generation.
8. Heatmap — Statistical winning percentage calculated for the values of the technical indicator on different timeframes.
To make your trading more successful and gainful follow these recommendations:
- Open the Free account online or download the program. On the Free account, you can test the work of applications.
- Develop a trading strategy. This will make your actions more well-thought-out and reasonable. If you want to know more about the different trading strategies, read our educational materials
- Read more about cryptocurrency and technical analysis. You can search the information on the special resources dedicated to digital money and watch the video tutorials of practicing traders.
- Practice and try different techniques. You don’t have to forget about your ordinary activities, two hours a day will be sufficient.
- When you be sufficiently practiced, skilled you can open the Pro account. Here you can trade the cryptocurrency and more!