TRADE CRYPTO CURRENCIES WITH ENCORE CAPITALS

The following rules apply when it comes to setting levels for pending orders:

• Pending orders along with SL and TP (for pending orders) must be set at a distance (at least the same as current spread or more) from the current market price.

• SL and TP in pending orders must be set at least the same distance from the order price as the current spread.

• For open positions, SL and TP must be set at a distance from the current market price which is at least the same as that of the current spread.

Encore Capitals guarantees no slippage for almost all pending orders that are executed at least three hours after trading opens for an instrument since we understand how frustrating it may be when your order falls into a price gap. On the other hand, your order will be executed at the first market quote that follows the gap if any of the following conditions are met:

if the market is operating under unusual circumstances when your pending order is executed, like limited liquidity or extreme volatility.

If your order is pending and there is a gap in the market, but the difference in pip values between the order’s desired price and the first market quote that appears after the gap is equal to or greater than a

Blockchain technology is a distributed ledger system that makes it hard to manipulate or alter any transaction because it verifies each one securely across several computers.

It functions by building an unbroken chain of blocks, each of which has a record of the prior transaction.

By using a consensus process called “mining,” which rewards network nodes for validating transactions and adding new blocks, the blockchain is kept safe.

As a result, it is extremely difficult for someone to alter or tamper with the data kept on the blockchain. Furthermore, there isn’t a single point of failure because of its distributed architecture.

This implies that even if one node fails, the others will keep running without any problems.

A variety of criteria should be taken into account when choosing which cryptocurrencies to trade. These consist of technology features, market capitalization, volatility, and liquidity.

In addition, traders ought to look into the coin or token’s development team and take into account their track record of accomplishments on prior projects.

When looking for crypto trading chances, it’s also critical to stay up to date on market news. Finally, before selecting when to enter or quit a trade, always perform a thorough fundamental and technical study of bitcoin values over a number of time frames.

The most popular and extensively utilized cryptocurrency is called Bitcoin. More money has been invested in it than in all other cryptocurrencies put together.

Along with having the strongest infrastructure, it also has the highest degree of liquidity. Because of this, it is the most well-liked cryptocurrency among both investors and traders.

Although there is some price volatility with Bitcoin, overall, it is thought to be more stable than other, more erratic digital currencies.

Whether or not Bitcoin is a good addition to your trading portfolio is ultimately up to you. It truly relies on your risk tolerance and trading approach for bitcoin.

As usual, before entering the cryptocurrency market, we advise you to conduct your own study and keep up with the most recent developments in the industry.

We offer 24/7 trading on all cryptocurrencies, except a few cryptocurrency pairs (see above). In case of any server maintenance, we will keep you informed.

You can hedge cryptocurrency positions with a hedged margin of 0%. Please note, for ETHUSD and LTCUSD, it is not possible to close orders for a volume less than 0.1 lot by hedge/partial closing.