New Setup
The last time Alex started with 100 dollars worth of BTC and added another 100 dollars later. He worked with 10x leverage and traded BTC, ETH, and LTC pairs, which were then available broker.cex.io.
Compared to the fairly limited options last time, with the setup of Experiment 2.0, Alex will be like a kid in a candy store. So much to choose from, much more to “spend”.
Here’s what Alex will work with:
Initial deposit: 500 USDT
Leverage Options: 2x, 3x, 5x, 10x, 100x
Derivatives on the following assets: ADA, ATOM, BAT, BCH, BTC, DASH, DOT, ETH, GAS, LINK, LTC, MATIC, NEO, ONG, TRX, ONT, UNI, XLM, XRP, XTZ, ZIL, ZRX.
The addition of USDT and ETH, on top of BTC as an account currency has offered our traders a great deal of flexibility. For one, some people have more ETH (from the good old ICO days) and prefer to put it to work. More importantly, USDT becomes a stable foundation to determine the overall trading ROI when we are still living in the fiat world.
You see, using BTC as an account currency may suit some people whose assets “live” in the crypto economy. However, for a beginner trader, it may not always be the best option.
Here’s why: Let’s say your account’s currency is BTC and you’re trading ETH / USD. Imagine, you earn 5% on your ETH / USD trade. BUT! BTC has declined 7% while your trade is open. Where does it leave you? In other words, besides the exposure to price volatility of an asset you trade, you also exposed to the volatility of your account’s currency prices.
Having your account financed with USDT eliminates exposure to account currency price volatility (because USDT is stablecoin). And it gives clarity to the ROI of your crafts. So + 5% will be + 5%! You can always look at your initial Balance and Equity and understand how you did overall. Get it?