Blockchain technology has come to stay, with users around the globe making use of trading platforms and tools that ease the stress associated with traditional banking system. Since the Genesis block, developers had created platforms, exchanges, wallets, and cryptocurrency tools with the aim of solving people's need for ease of use and information. While several decentralized applications offered divers features for traders, newbies, and enthusiasts, speartrade trading site brings together so many vital trading data in one place. One can instantly see the market pulse, altcoin dominance, alert stats, and the fear and greed index- features that are rarely found in one trading app. Giving users comprehensive view of the current market.
Among the listed features. My favorite is the fear and greed index
This is because, the fear and greed index give traders an immediate insight into the prevailing market sentiment at a glance. From my screenshot, the current market index reads 25 indicating an extreme fear-the red zone. This usually suggest that investors are feeling particularly pessimistic, a sign that the market can be over sold. This index can help traders, especially novice in trading to know market sentiment at a particular moment in time.
FEAR AND GREED INDEX
For the benefits of beginners in trading and cryptocurrency related terms, fear and greed index is a multifaceted tool that compiles data from different indicators to measure investors emotion. It takes account of market volatility, surveys, social media activity, coin dominance, trends, market momentum and volume. This feature in the speartrade platform is a gem to me. Instead of going through market trends, social platforms, and checking volatility before buying or selling a coin, one can just check the fear and greed index directly on the dashboard and make instant decision.
There are times I've made rash decisions only to regret my actions. I bought certain coins only to end up losing the money I invested in it and sometimes sold too early only to notice a rise a few hours or days, and other times I made bad decisions on which coin to buy.
With a platform like SPEARTRADE one would be able to know market sentiment at every moment, helping them make better decisions. Instead of scrolling through coins and checking charts for each single token, the fear and greed index makes the journey easier. The speartrade trading platform is an all-in-one trading platform that answers to people's day to day trading needs. Check it out, there are several features to explore
More about the platform for traders
I joined crypto early 2017. I knew nothing about cryptocurrency and Blockchain technology at that time. The few things I struggled with was knowing price performance, categories certain coins falls into, and risk analysis. I just go in all as long as people were making hype of it. While going through the speartrade platform, I realized there's price performance for each token, this would aid one in making a decision, an insight on how well a token is performing, and with the coin categories like the altoin, stablecoin protocol, it would give one better idea on where to invest more. The risk management may save a lot of traders from going all in on one coin and how much to invest.
And if one is confuse at any point,one can make use of the speartrade AI bot to ask questions. Lest I forget, everyday has an insight that can be utilize, check the "today's insight" at the top-right corner in the platform and know what other traders think. What many think, may be the true market flow,and all these can only be seen on speartrade trading platform.
Twitter handle: @samuelshem11