Exion Edge

Exion Edge - Develop Technical Strategies and Trade Different Crypto Assets

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Robust knowledge Using Exion Edge
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What is Exion Edge?

Exion Edge is a crypto trading platform that allows users to interpret market conditions and see the bigger picture. It also offers educational resources encouraging traders to become more independent when formulating strategies.

The team behind Exion Edge recognizes the volatility of the crypto market and emphasizes the importance of training before traders engage in trading activities. The platform provides comprehensive materials categorized by skill level, fostering continuous learning and development among traders.

Besides having a wide selection of training materials, Exion Edge focuses on helping traders diversify their portfolios. This is done by offering a wide selection of crypto assets that one can choose from. The options range from well-renowned cryptocurrencies such as Bitcoin and Ethereum to niche coins that have a limited but dedicated following.

By providing multiple options, traders can create a diversified portfolio that includes both established and emerging coins. Diversification is a widely adopted trading strategy employed by traders at all experience levels to mitigate risk.

Exion Edge Offers a User-Friendly Interface

In crypto trading, there’s no such thing as easy conditions or a simple strategy that delivers results as expected. The values of crypto assets are determined by various complex factors that need to be considered before traders can open a position. To simplify the process, Exion Edge is designed with a user-friendly interface and simple layout.

This makes the website easy to navigate through, so traders don’t have to spend long periods trying to remember where different features are located. And if traders decide to switch from trading from their computer to their phone, they won't have to zoom in or out to access features. Rather, the platform automatically adjusts the aspect ratio based on the screen size.

Trade Securely from Any Device with Exion Edge

These days, traders are seeking platforms that allow them to log in and view real-time market data from anywhere. With Exion Edge, users can log in from any desktop or handheld device, as long as it has a secure internet connection. For added convenience, the platform is compatible with different operating systems as well. Therefore, traders don’t need to switch to a different operating system when they start using the platform.

With growing concerns surrounding data security, many people are wary of trusting online platforms with their personal data. The development team behind Exion Edge understood these concerns, which is why the platform is secured using industry-standard encryption protocols. The SSL certificate ensures an encrypted connection that reduces the risk of personal data getting stolen.

To take security a step further, Exion Edge only offers trusted payment methods that are proven to be secure. Traders can choose between these payment methods to make quick and safe deposits and withdrawals.

What Trading Bitcoin with Trade Exion Edge Looks Like

In most trading methods, traders anticipate fluctuations in the price of an asset. Unlike traditional investing, where investors seek value appreciation, crypto traders can leverage market price movements in either direction to their advantage.

Nevertheless, traders have to open the right position if they want to take advantage of a price increase or decrease. Proper speculation is critical, and it’s only possible when one has access to the latest information and market data. With online crypto trading through Exion Edge, traders can expect a few core components that relate to speculating price movements, start trading, and monitoring that position.

Speculating Crypto Prices

There are two main methods that traders can adopt when analyzing cryptocurrencies. There are fundamental and technical analyses. When performing a fundamental analysis, traders consider news surrounding government regulation that can potentially affect crypto exchanges and cryptocurrency-related businesses. Similarly, if a company rolls out new technology that could affect transactions and how users interact with cryptocurrencies, traders consider it for their fundamental analysis.

It also involves looking at cryptocurrency ownership trends and the performance of blockchain companies. That’s because these aspects of the market influence a cryptocurrency’s supply and demand, which have a significant impact on its price.

In the technical analysis method, traders only view pricing action to find patterns of greater supply and demand. Then, they open positions accordingly. Technical analysts are of the opinion that past trading activity can act as an indicator of future price trends.

There’s no better way to get a clearer picture of market conditions in order to open a position. But when using Exion Edge for analysis, traders can look at both types of data. They can get the latest news about crypto-related regulations, developments, and ownership trends.

Similarly, they can use a charting tool to view historical trading patterns for a specific cryptocurrency when performing a technical analysis. A better approach is to use elements from both when making a decision because it’s possible that past trends show an upcoming increase in the price, but the sudden roll-out of government regulation can prevent this from happening.

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Long and Short Positions

A distinct aspect of trading with Exion Edge is that it allows traders to take advantage of a price increase or decrease. But this is only as long as they consider the bigger picture and how market conditions may change. When they take up a long position, traders expect the price of the cryptocurrency to increase. So, if the value of the crypto asset increases by the time the trader closes their position, they can make a profit. But if a trader takes up a long position and the value of the cryptocurrency ends up decreasing, it can lead to losses.

In contrast, traders who expect the value of a cryptocurrency to decrease will take up a short position. And if the price of the asset has fallen by the time they close their position, they can make a profit. On the other hand, an increase in the price can lead to losses for traders who go short on a cryptocurrency.

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Choose a Strategy

Besides choosing whether to go long or short on a cryptocurrency, traders have to consider which strategy to adopt. The most common options include day trading, scalping, and swing trading. Day trading and scalping share some similarities because traders will open and close positions within a single day. However, the difference is that day traders tend to open and close fewer positions each day compared to scalpers. Day traders open positions for longer periods, so they look at 1-hour or 15-minute charts.

In comparison, scalpers open and close hundreds of positions every day and must constantly stay updated on market trends. That’s because they open positions for very short periods of time. Traders considering scalping should be able to make quick decisions based on small price movements, and they should also be able to manage stress effectively.

In swing trading, traders will open fewer positions and keep them open until they get a signal that the trend is about to shift. Since traders don’t open and close as many positions, they don’t have to monitor them as much. Sometimes, this can mean opening and holding a position for several days until traders meet a specific target.

Reading Candlestick Charts on Exion Edge

Candlestick charts are among the most common types of charts used by traders to determine short-term price movements. They predict future movements based on past patterns andprovide four important data points in a visually concise manner.

Traders can specify the time period on a candlestick chart and see the open, close, high, and low of the asset over time. Each candlestick has two parts, the body, and the wick. The body, which is the thick middle section, indicates the opening and closing prices of a cryptocurrency. The wick, on the other hand, shows the highest and lowest price points for the asset.

If the body is black or filled in, the closing price is lower than the opening price, marking an overall decrease. But if it’s not filled in or white, the closing price is higher than the opening price. Traders can change the colors of the candles on their charts, so the color of a down candle is changed to red, signaling a price decrease. And the up candle is colored green, indicating a price increase.

Upward Trends

Traders can see these when a candlestick chart has new low points that are above the previous low points. Similarly, the new high points are above the previous high points. This indicates increased confidence and a bullish market.

Downward Trends

Downward trends will show the opposite. Their new high points will be lower than previous high points, and new low points will be lower than previous low points as well. It shows that the market is turning bearish and that traders are showing low confidence.

Consolidation

A consolidation trend on a candlestick chart doesn’t show consistent price movements in a single direction. Price movements will alternate between going high and low, but the high and low points will fall close to each other. Traders notice sideways movements that indicate indecisiveness in the market.

To read a candlestick chart with greater accuracy, it’s important that traders use bigger timeframes and view price movements at key support and resistance levels.

FAQs

Will I only trade Bitcoin with Exion Edge?

No, traders can add a variety of cryptocurrencies to their portfolios – not just Bitcoin. Nevertheless, it’s a well-established cryptocurrency that makes up a major majority of the asset class’s market capitalization. Therefore, it’s quite common for crypto traders to consider Bitcoin as well.

Will I own Bitcoin while trading on Exion Edge?

By signing up with Exion Edge, traders don’t acquire Bitcoin or any other coin, so there’s no buying or selling. Rather, they will trade the value of the crypto asset by opening a long or short position. Since you will not own the cryptocurrency, there's no need to create a crypto wallet when trading Bitcoin with Exion Edge.

Can I access Exion Edge from my smartphone?

Exion Edge is accessible via desktop and smartphone, so you can log in from any device as long as you have a strong internet connection.

What operating system do I need to access Exion Edge?

Exion Edge has a user-friendly interface that’s compatible with all common operating systems such as Windows, Mac, and Linux. You don’t need to install a specific operating system to log into Exion Edge.

Is trading Bitcoin on Exion Edge the same as trading Stocks?

No, trading Bitcoin is quite different from stocks because cryptocurrencies are digitally created assets affected by factors like demand and supply. Even when traders have some experience with stocks, they still need to understand the crypto market for crypto trading.

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