As I promised in my last post, today I will be introducing readers to a simple trading strategy that can be used to profit on STIXEX. For those unfamiliar with STIXEX, I would recommend reading my other posts, but in short, It allows traders to place bets on the color of the next candlestick and earn fixed 80%-90% payouts on winning trades.
Ethereum Dapp Introduces New And Unique Way To Earn Cryptocurrency (video tutorial)
STIXEX is giving away Ether for trying its platform. Your participation will contribute to the adoption of Dapps
Today’s Strategy
Today's strategy could not be simpler yet it is very effective. All you have to do is wait for three candlesticks of the same color to form in a row and then place a bet that the fourth candle will be of opposite color. That’s it! You can backtest the validity of this strategy by studying ETH/USD price chart yourself and I also added a recent image of a chart to show you how great this strategy actually works.
As you can see, in less than two days there were nine opportunities to profit and out of those nine opportunities 7 were profitable. So if you have placed 0.1ETH bet on each one of those opportunities, you would have made 0.43ETH profit !
7 wins X 0.09ETH = 0.63ETH (90% profit on winning trades)
2 losses X 0.1ETH = 0.2ETH
Profit = 0.43ETH
Not bad for simply monitoring ETH/USD price chart and placing a bet when opportunity presents itself.
Why Trade With STIXEX
STIXEX is similar to binary options, but the main difference is that trade results on STIXEX can’t be manipulated since it uses a third party (Bitfinex) to provide price data. Anyone can visit the Bitfinex website to make sure that results are accurate. In addition, STIXEX does not require you to register or deposit any funds in order to start trading, you trade directly from your personal Metamask wallet.
Some people equate options trading with gambling, but it’s an erroneous assumption. Most gambling games are based on fixed odds and no amount of skill can change those odds. What it means is that anyone who gambles in order to earn money will lose in the long run. So if you know that you will most certainly lose, why would you gamble? That’s crazy!
Speculating on the price of an asset is different. If you possess the necessary skills or utilize certain strategies, you can actually make money in the long run, that’s a fact. STIXEX is one of those platforms that you can use to speculate on the price of Ether and consistently earn profits.
Rewards Programs
In order to encourage people to trade on its platform STIXEX offers cashback rewards. What it means is that every 10 trades STIXEX will refund 5% of your total bet amount. With this refund, your payouts on winning trades will go up to 90% from regular 80%.
If you are more concerned about managing your losses, then you can choose to take advantage of the 40% loss-cap program. When you choose this option, STIXEX will refund any losses above 40%. So if after 10 trades you lost more than 40% of your total bet amount, STIXEX will refund the difference. But your maximum payout will still remain at 80%.
Referral Program
STIXEX pays 0.1ETH to anyone who brings 3 new traders to its platform. So if you wish to earn some Ether, this is a great way to do it. For more info about all aforementioned programs, please join STIXEX Telegram group.
I might give it a try, but if your proposed strategy doesn't work -- I will downvote the hell out of you! Kidding... :)
"Some people equate options trading with gambling, but it’s an erroneous assumption. Most gambling games are based on fixed odds and no amount of skill can change those odds. What it means is that anyone who gambles in order to earn money will lose in the long run. So if you know that you will most certainly lose, why would you gamble?"
Sure, when you play against the house in certain games the odds are always against you (some, not all games*) but trading would be more akin to gambling against other people, more like poker.
In anything where you compete against other people skill definitely factors into how well you will do and to say there is no element of gambling involved in trading is disingenuous. You can put all your knowledge and insights to use, play the %'s correctly and still come out a loser on a particular trade.
So if you are risking something of value on an uncertain outcome with the primary intent of winning money, how is that not gambling?
This post has received a 68.33 % upvote from @boomerang.
Sounds interesting, I will check it out later.
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need to try
abra que probar
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Congratulations @stixex!
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Very interesting, never heard of STIXEX before.. thank you!
Nice pitch. But gaining customer's trust is not an easy game. It takes time and first impression efforts. There are exchanges just cause lack of CS at the begining got bad reviews.
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Hey, I'm going to give it a go later today, I have the Metamask from Minds but have been unable to transfer from the test network to the main so far. Sorry I cannot upvote, I'm running out of RC