New Exchange: Should I trade? - page 9.

maydna

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Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

I don't know about that exchange because this is my first time to hear about the site. I think if you want to try to trade in that site, you can start with a small amount first and see what it happens later. I don't want to use a big amount of money in a new exchange because I don't know if the exchange site is very safe to trade and how the owner can secure their website from the attacker that might comes to them to search the weakness of the site. I don't know about the profitable because I don't try to trade in that site and perhaps, I will know how good their website after I try to buy and sell for a month or two month so I can decide to stay on that site or not.

hahay

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Quote from: Indrawan77 on November 09, 2018, 10:31:05 PM

Quote from: Sri rahayu on November 09, 2018, 02:45:19 PM

Why did you choose to follow it to try new markets? Lots of good markets out there, i only try new markets when I get koin other than bitcoin, and that must also be included with the official announcement from the coin team and not from references, so as not to be fooled.

There is nothing wrong with trying the new market or new exchanges as long as we can confirm it is legit, and some of the coin with huge and merry official announcement also can be scam, so we can't believe some project only based on the official announcement there are a lot of thing to search before entry into the market, trying new things is necessary to widen your knowledge but there are scammers lurking around, so you need to be extra careful especially when there is someone contacting you to introduce the market

Agree, as long as you are willing and indeed a trader, there is no harm in always trying a new exchange, because having lots of places for trading will make you have more references that will benefit you yourself.

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Quote from: princerepon on November 09, 2018, 12:45:20 PM

Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

its too risky to trade with new exchange. without proper information about new exchange its too risky to trade. so my opinion is stay way from those new exchange and trade with trust able exchange like binance, bittrex, kushare etc.

New Exchange often has a lot of problems with liquidity and low transaction volume that will cause these new exchanges to collapse soon. I usually only select the old exchange because of its higher reliability and help me manage the property in the safest way.

Indrawan77

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Quote from: Sri rahayu on November 09, 2018, 02:45:19 PM

Why did you choose to follow it to try new markets? Lots of good markets out there, i only try new markets when I get koin other than bitcoin, and that must also be included with the official announcement from the coin team and not from references, so as not to be fooled.

There is nothing wrong with trying the new market or new exchanges as long as we can confirm it is legit, and some of the coin with huge and merry official announcement also can be scam, so we can't believe some project only based on the official announcement there are a lot of thing to search before entry into the market, trying new things is necessary to widen your knowledge but there are scammers lurking around, so you need to be extra careful especially when there is someone contacting you to introduce the market

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Quote from: princerepon on November 09, 2018, 12:45:20 PM

Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

its too risky to trade with new exchange. without proper information about new exchange its too risky to trade. so my opinion is stay way from those new exchange and trade with trust able exchange like binance, bittrex, kushare etc.

Why wont give them a chance? We know that all exchangers do really comes into this initial phase since they do start up.Its not right to say not to trust new exchangers but I agree the chances of risk on suffering problems is high due that they are not still known by lots of people but they can possibly deliver their job or service on people well and might get some reputation gradually.
I have checked out it by looks of it, it isn't really bad at all.

Sri rahayu

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Why did you choose to follow it to try new markets? Lots of good markets out there, i only try new markets when I get koin other than bitcoin, and that must also be included with the official announcement from the coin team and not from references, so as not to be fooled.

miyaka26

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Quote from: daviidalpert on November 01, 2018, 06:30:38 AM

I don't think you should trade.We don't know if the new exchange is safe.And the trading volume of the new exchange is very small.

This is true, there are loads of new exchanges and some of them are full of scams and viruses you never knew not unless you've done some research over the exchange plus they are new so there might be some bugs, glitches and system failures to their security once a genius geeks explored and exploited their platform but there are decent ones inspite their fresh platform to the industry so beware.

princerepon

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Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

its too risky to trade with new exchange. without proper information about new exchange its too risky to trade. so my opinion is stay way from those new exchange and trade with trust able exchange like binance, bittrex, kushare etc.

vatman00

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It depends. First of all you have to read their whitepaper & decide wheather that project can be a real one or not. Then checkout their social media responses & teams responses. Than you may evaluate their volume & start trading.

audaciousbeing

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Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

New exchange sites should be given the chance to grow and its by patronizing them that is made possible. However, its not something that should be done blindly because in the midst of those that are genuine entrepreneurs who are trying to carve a niche for themselves, so also are those that are bound to reap people off so knowing the about such site in details before committing funds there is very essential. But the question I can't seem to understand is how the platform to trade is in relation to the profit that would be made. Aside the variance in the fee charged by exchange sites platforms and volume of coins to trade with, there determinant of profit is the entire market.

Evil eye

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Firstly you should know about new exchange. If the exchange website is secure then you can trade. Because now many new exchange is scam, we seen already. So use before new exchange know about all things.

cryptocointrade.com

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Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

For CFD trading the platforms and their affiliates now have to announce this:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of the retail investor, accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

I would choose a traditional and well known CFD broker if I was you. There are eToro, Avatrade, Markets, and Plus500 for instance.

You can read reviews about them on www.cryptocointrade.com

cryptothreads

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Quote from: Lakai01 on November 02, 2018, 01:27:27 AM

In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

It is best not to trust anyone in this market because the risk is enormous. The value of the penny has dropped a lot and you just need to consider your crypto investment. I often do not like the news on the telegram because it is completely forged and can cost us money

gtcms

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I am trading on BitMEX, and opened second account on BitSeven (bitseven.com). They both have a lot of advantages and are quite reliable. And there are much more better conditions to trade on these cryptocurriency trading platforms than trading with majority of cfd-brokers.

Lighthouze

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Telegram is replete with shillers. You'll be surprised that guy is yet to even try out the exchange, but he's busy shilling it because he's paid to do so. Before you venture into it, know that it's not the basic trading you'll be doing on there. What they do is leverage trading and I'll advice you do that Bitmex which is more popular in the space already

Sylvial

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Quote from: BitHodlerDog on November 01, 2018, 04:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

Telegram is filled with shills that are paid to spam different groups. I'll be weary of a recommended exchange by a random person on telegram. Leveraged trading is what those guys offer, and I'll advise you venture into it an amount you're willing to lose should anything go wrong. Leveraged is risky and could rekt you easily, so be careful.

BitHodlerDog

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Quote from: metribitcoin on November 02, 2018, 04:55:47 AM

The level risk of CFDs trading is higher than spot trading because that CFDs use leverage. For the beginer trader is better dont jump in to this trading platform and much better more focus trade on spot market. Many newbie trader first jump in to leverage trading and finally they loss much money, so avoid leverage trading if you are new in trading.

I have been trading in binance but not in margin trading/ CFD trading platforms.

metribitcoin

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The level risk of CFDs trading is higher than spot trading because that CFDs use leverage. For the beginer trader is better dont jump in to this trading platform and much better more focus trade on spot market. Many newbie trader first jump in to leverage trading and finally they loss much money, so avoid leverage trading if you are new in trading.

BitHodlerDog

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Quote from: Lakai01 on November 02, 2018, 01:27:27 AM

In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

Yes, you are right. Most of them pop up with lots of scam scheme. I am just trying with the bonus money not depositing.

Lakai01

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In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

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