Risk action in Bitinsure is one of the powerful tools to improve your trading that makes you comply with your trading system, keep your deposit protected, and control your emotions. And this is what exactly is building your profitability and systemic earnings. In this tutorial, we explain the types of risk action that can be configured at Bitinsure. Since you connected your exchange account to Bitinsure and customized risk limits (remember that they are set…
After connecting your exchange account via API key to Bitinsure, you are able to: Configure risk limits to cut your losses on the Risk settings page;Monitor your statistics in real-time to enforce your trading strategy on the Dashboard page. If your stats and / or risk limits are not available with an error “Cannot fetch data from the account” (screenshot below), please follow the instruction presented below. Bitinsure risk settings page. Error “Cannot fetch the…
This is the third article that shreds the light on the ways to increase the profitability of your trading system. Before you proceed to this step, make sure you are aware of the basics to set a winning strategy up and effectively work with your trading statistics. Thus, these steps will act as a solid base for a successful strategy that leverages your strengths and blocks possible vulnerabilities. The aim of this article is to…
This is our second article on how to be ahead of the market and multiply the deposit swiffer. In the previous article, we considered self-awareness and knowledge of basics that help build a consistent trading strategy (it can let you stay in-game even in the case of 100 losses in a row!). Exactly this is the first step to start earning more. However, it’s only a part of the system that is rather complicated and…
“Know the enemy and know yourself; in a hundred battles you will never be in peril.” © Sun Tzu As we discussed in our previous article, this quote perfectly describes the best trading practices that strengthen your strategy and can help you increase the returns. So, wanna earn 20% instead of 2%? Then, here we go! The first part of the quote – “know the enemy” – in trading means that we should precisely study the…
In our previous articles, we discussed the key reason why 95% of traders lose and shared 4 secrets which can make you that 5% who take the market over and win millions! The core secret is risk management. Still are not sure that it is a holy grail? We are here to prove it and show that simple math works wonders. Let’s review a live example. From this article, you’ll get a clear understanding that…
In our previous article we discussed the key reason 95% of traders lose money and quit trading. The reason turned out to be simple – their trading strategy lacked risk management that is exactly the right tool to stay in-game and multiply your profits. The next question is, obviously, how exactly to be that 5% of traders that reach their trading goals and become millionaires? In other words, how to build a reliable, consistent risk…
Trading without risks is impossible. It is important to understand that there is NO trader who always wins, neither among newbies, nor among professionals. It stays the same even if you use trading bots. Then, what is the difference between a winner and a loser? Any holy grail? Yes, there is one. This holy grail is risk management. Many of us while talking about trading think of profits (strategies, indicators, setups and so on), but…
We were pleased to participate in a live Ask Me Anything (AMA) event hosted by the founder of NomadFury Jeff Caceres. Thanks everyone for coming! Find the full video by this link. Paul Rogov, Chief Marketing Officer of Bitinsure, was a special guest for the live AMA session about Bitinsure’s project, its features, mission, and the ways it helps traders make smarter decisions, preserve capital and save the time! So, are you a cryptocurrency trader,…
In the previous part of the article, we started discussing the common mistakes of traders and poker players. To remind you, both trading and gambling require similar things in terms of psychology. The participants should always stay in control of their emotions and objectively evaluate the process and the results, strictly following the strategy that is planned in advance. In this case, traders and poker players should be masters in managing their own emotions to…
