Trading campaigns attract many people to follow them, regardless of whether they have good trading skills or not. They want to get this tempting prize and try to be one of the winners. This is actually a good move for trading platforms to attract more people to join.
However, traders should be aware of the extent of their trading abilities. If they don't have good trading skills, they shouldn't follow it. They can continue trading as usual because competition in the trading campaign will definitely be tight. There will be a sudden rise in emotions because they want to be one of the Top Traders and that will make them lose control of themselves in trading.
We don't need to force ourselves to join such campaigns if we realize our lack of trading ability. We should learn more so we can improve our trading skills. There will be many other trading campaigns in the future, so we don't need to insist on following them.
Topic: Trading campaigns helps level up trading for traders - page 3. (Read 460 times)
Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
Trading is risky and if you trade to achieve KPI, just a word, to meet trading volume and other requirements to win prizes of a trading competition, I am quite sure that you will put your capital to bigger risk.With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
Do you think why exchanges host those trading competitions?
It's because they can get benefit from these events. Their users trade more, the exchange earn more from trading fees and if it is margin, futures trading, they get more trading fees than with spot and even much more by liquidate their users' trading positions.
These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses.
Those campaigns are created to get volume on coinmarketcap. The exchanges that offer such campaigns aim to get all those traders who get greedy after seeing something like that and in greed they continue to make a lot of trades to create volume so they could earn the rewards. During that some of those traders end up loosing way more money than they earn even by winning those rewards. There are only a few exceptional traders who find such campaigns as an opportunity and instead of focusing on trading volume they look for those who try to create that volume and earn profits by buying/selling at right times.
(....)
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
It's kinda experimental as this is not existing before. This approach could potentially shift the focus from purely financial gains to the excitement of earning luxury rewards. For traders, this mans an additional layer of goals beyond market profits.So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
However, there is also a risk that such incentives could encourage excessive trading or taking unnecessary risks to meet the requirements for rewards.
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading.
But risks should be taken into account as well. For instance, they could end up burning a lot of money and not getting the reward they want or at least the same value of the funds burned. But hm, I think most people in the forum are not whale enough for such contest.
Those that are good can join them but for someone like me that don't trade a lot but wants to make some profit, maybe if you're qualified to join and just want to experience how it goes, you may try to go.
The incentives that the traders will get there could also help them more with their trades if ever they win. Those prizes are good amounts and encouragement to those that are good in trading.
But, there's always the minimal requirement that's needed and it's not for everyone to join.
The incentives that the traders will get there could also help them more with their trades if ever they win. Those prizes are good amounts and encouragement to those that are good in trading.
But, there's always the minimal requirement that's needed and it's not for everyone to join.
Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
Well, its a very good thing truly, that trading platforms will give prizes for those traders that will make a higher trade volumes and maybe earnings also, although this will motivate those traders to trade more and also can drive them to learn more about trading in order to trade profitable, there will always a disadvantage to it, like OP said that this will drive those traders to trade more, some for sure will be desperate because they now or they want to get the prizes and that's when greed will come, they keep on trading even though they know they lack something, they lack in terms of experience or knowledge in trading, in short of for other this will serves as a motivation for others it will make them desperare, well wr can't control people or what will they do so its up to them on what they will doing in trading. An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
Except for maybe just gaining experience, a variety of traders lose out on the rewards that are usually given out to the few. Such competitions mostly favor whales as they have very high trading volumes unlike retail traders with small accounts.
Compared to the prizes top traders win, exchanges often make a lot from trading fees in such competitions. They are just aimed at upping an exchange's revenue.
Compared to the prizes top traders win, exchanges often make a lot from trading fees in such competitions. They are just aimed at upping an exchange's revenue.
Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits
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