The basics of options trading in the crypto economy.

rafaelyar (43)in #tradeatsparrow • 5 years ago

Earnings on crypto currencies are an extremely relevant and sought-after trend in the crypto economy. It is not about those who start the first steps in trading, but about those who devote considerable time to it and trading - for them - it's a kind of earnings.
The benefits of trading options. The option gives the user the right to buy or sell the cryptocurrency at a pre-set price for a certain period. Important! The option does NOT oblige you to buy or sell, but allows you to make a transaction at any time before the expiration date. In financial markets, Options are used to limit financial losses and make a profit. It is important that potential losses are limited by the amount of the premium paid.
Crypto newcomers often do not know what principles should be adhered to, so that trading on options began to bring profit. Here are the main ones:

Choose only currencies that have long been on the market and have a steady demand. In this case, there is no collapse or a strong depreciation of this currency. The best for optional trading are: Bitcoin, Ethereum with a pair of fiat currencies, or crypto currencies of 1 q1 USD.
Use only proven and reliable trading platforms. Crypto currency is your personal funds and you should not trust them on dubious and untested platforms. Often scammers create fake sites, and gullible users transfer funds to their wallets. Then lose them forever.
Having all the necessary tools on the platform to accurately analyze the crypto currency and calculate its volatility.
The ability to choose different time frames of the transaction. The user must choose the time of execution of his contract.
5.Discipline. The trader should not give in to emotional actions. In any situation, be sure to implement your trading plan.

Only by adhering to all these principles will the trader be able to increase his profits in any market conditions.

How the buying process happens:

The trader chooses a financial asset that is convenient to him.
By selecting an asset, the trader indicates the amount - in fact, the price of the option, and the time during which the option will operate.
It is necessary to correctly predict the direction of the asset. The trader must correctly determine whether the chosen asset will fall or rise.
After the transaction, the price of the asset is fixed.
Discipline. The trader should not give in to emotional actions. In any situation, be sure to implement your trading plan.

Only by adhering to all these principles will the trader be able to increase his profits in any market conditions.

Why should cryptotraders use Sparrow?

Sparrow is a brand new trading platform for the crypto industry, which is designed to trade cryptocurrency options.
Reliable: Sparrow is based on Ethereum Smart Contracts - it provides complete transparency, reliability automation calculating all operations on the platform.
Secure: Having a secure security system. Traders' finances are highly protected.
Simple: Sparrow is 100% easy to use and provides ease of risk management and increased trading returns. The trading platform is entirely built on an intuitive interface.
TradeBoost and TradeProtech: offer simple products that anyone can use. Users create options by completing 3 simple steps.
ConvertNow Facility (CFN): Exchange digital assets instantly for any specific amount and at a very good market price. This system is easy to use, easy, safe.

Options trading is a whole new kind of trading for ambitious users of the crypto industry. To start earning and monetizing cryptocurrencies you need quite a bit of knowledge. Safe and reliable platform for Sparrow traders will fully implement all your thoughts.