Hello fellow Steemians, I am here to review yet again some of the excellent features on Encrybit exchange which makes it unique among the conventional platforms we’re used to. You can find my previous posts here (Link, Link, Link, Link, Link, Link).
Crypto Radar Feature on Encrybit
Screener tool is well known among forex and stock traders in provision of statistics and inputs which is based on increase or decrease in price at a certain time with accompanying technical indicator value.
The reason behind the availability of this feature on Encrybit platform is to ease the process of searching for different tokens and pairs based on their increase or decrease value with well know technical indicators such as ADX, EMA, RSI, etc.
Demo/Paper Trading Feature on Encrybit
Another new, but yet distinctive feature offered by Encrybit is Demo/Paper trading allows newbies and non-experts to practice trading without the use of real funds. This is to guide against the risk of fund loss which happens when a non-experienced trader makes wrong decision in market entry due to lack of proper understanding of the market. Encrybit will provide demo traders with virtual balance in their accounts which they can easily use to trade virtually. Not only will this feature allow the in-experienced traders to understand the market and its accompanying risks, it also affords them the opportunity of learning the technical and fundamental analysis of trading.
Intelligent Profit and Loss Report Feature on Encrybit
This you would agree with me is a fantastic and very unique feature of Encrybit. Traders can easily generate this report from their dashboard and it contains a broad view of all trade history for a particular selected time with detailed information. Examples of this information includes entry and exit position, profit and loss ratio summary of a particular trade in form of percentages, and traded pair with accompanying USDT price track right from point of entry to exit point of the trade. Also, specific information can be filtered in this report such as order type, order quantity, price, etc.
With this feature in place on Encrybit platform, then traders can easily analyze, identify and deduce good strategies for future trades in order to maximize profit.
For more enquiries about Encrybit, its excellent features, and ICO, kindly check the links below;
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Author Bitcointalk username; amusanmikel2
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