Published via Ecency

Hello friends, I just joined this beautiful platform called SpearTrades. I learned about this platform through a community contest post, and the 600 HIVE prize pool immediately caught my attention, so I started exploring this platform.

First, I created my account on the SpearTrades platform to get access to this amazing tool. Then I joined their social media handles and Discord server to meet the participation rule for the contest.

If you want to join this contest, here's the contest link. 👇 Still, you have one more day to enter; hurry up...

@speartrades/win-600-hive-by-exploring

SpearTrades First Impression

There are so many features; we can see them just after entering the SpearTrades Website. Much important information is just in front of our eyes. We can see the Fear and Greed index, which could be highly useful for those who have active trades and want to make a decision. We can see much other important information, like market dominance, market sentiment, market updates, news, and resources.

There is a lot to learn about the crypto market from this single website. This platform is very useful, easy to understand, and easy to learn from even if you are a beginner.

Alerts & Signals - I found this feature impressive.

At the top right side, you can go to the Alerts & Signals page. I found this feature highly impressive. It actually gives alerts and shows trade details in backtesting. On the homepage, it shows the success rate. That seems like a plus point of Private Signals on SpearTrades. Almost every alert is successful, which shows its importance. Still, this has risks too, so we have to make a decision accordingly, but I liked this feature. It could be more useful for traders to look for.

Why this is an important feature - For most traders, the most difficult thing is to know when to enter and exit the trade. We mostly have to guess, invest for the long term, or rely on hype, which comes with a lot of risk. So the private alert page gives us an exact idea about when to enter a trade and exit by automating complex market analysis.

What I love most about this feature - The Platform gives us total transparency. We can see the trigger price, time, and date. Also, we can constantly look for the current price. So, we can easily know how much return we get from that particular trade.

Even if we don't trade, we learn market analysis slowly with the SpearTrades. Keep learning and improve yourself for the better in this field.

We will take the first alert in this screenshot as an example to know about it.

This alert triggered on 18 July at 9.13 am. In the Last Triggered column, we can see its price at that time, which was 0.0155$. The current price is 0.0137$ so this alert is in profit by 8.39% as it short signal.

Now let's check this signal in backtesting to know the exact return on this. It actually took time for me to find the LRC/USD backtesting result. Okay, no problem. It mentions that backtesting involves inherent limitations and may not accurately reflect actual trading outcomes. So that could be the reason.

We can clearly see that the LRC/USD alert is successful and the return is 8.395%; that seems like a perfect and successful alert.

When I clicked the Show History option for LRC/USD, it shows us exactly at what price this position is closed and the return percentage. At last, I found this, which I was looking for, and that's the closed price details and exact return on trade.

My Feedback

platform is really useful with a lot of features and informations, really impressive.
There is a lot to learn and get information from this platform. My first impression was very nice. Looking forward to exploring it further.
Everything is so nice; right now, I have only one suggestion is that add a Discord server link too at the bottom of the website.

Thank you@speartrades. for running the contest. Thank you...