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Last week i wrote about leveraged trading. Today I wanna dive deeper into trading platforms and most importantly the features of good decentralized leveraged trading platforms.
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Last week i wrote about leveraged trading. Today I wanna dive deeper into trading platforms and most importantly the features of good decentralized leveraged trading platforms.
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Good DEX leveraged trading platform must have best user interface, cutting-edge security, lower trading fees, high liquidity, transparent and offer wide range of trading instruments: from cryptos, stocks, forex, commodities to indices.
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As I mentioned earlier, each chain have their best derivatives trading platform; to have a quick look go to
defillama.com
Here is just a screenshot of the top ten DEX leveraged trading platform based on their TVL
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defillama.com
Here is just a screenshot of the top ten DEX leveraged trading platform based on their TVL
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GMX and dYdX are more popular, and had been in game for some time.
GMX is available in Arbitrum and Avalanche chains while dYdX is available only in Ethereum chain.
They both have good user interface but low max leverage (up to 50x).. and plus high fees and few asset classes
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GMX is available in Arbitrum and Avalanche chains while dYdX is available only in Ethereum chain.
They both have good user interface but low max leverage (up to 50x).. and plus high fees and few asset classes
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Gains Network (GNS) revolutionize the way we trade in various financial assets. They offer wide range of asset classes; including cryptos, stocks, forex, commodities and indices.
Most secured and transparency and provide users with full control on their funds.
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Most secured and transparency and provide users with full control on their funds.
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GNS offer user friendly platform, best chart with plenty of indicators which makes easy for traders to navigate and low fees/spread.
Tbh I feel like GNS is a game changing solution for leveraged tradings.
GNS trading platform is available on both Polygon and Arbitrum chains.
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Tbh I feel like GNS is a game changing solution for leveraged tradings.
GNS trading platform is available on both Polygon and Arbitrum chains.
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One-click trading (1CT)β¦ GNS offers this feature to removes the need to interact with wallets every-time and hence increase efficiency and reduce time to trade.
Personally I real like this feature, and if youβre derivative trader youβll also love this.
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Personally I real like this feature, and if youβre derivative trader youβll also love this.
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How to get started with GNS
1. Download and set up MetaMask wallet
2. Add either Polygon or Arbitrum chain in your wallet.
3. Fund your wallet (you must have both the gas token and DAI as collateral)
4. Research and understand the GNS and all assets before start trading.
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1. Download and set up MetaMask wallet
2. Add either Polygon or Arbitrum chain in your wallet.
3. Fund your wallet (you must have both the gas token and DAI as collateral)
4. Research and understand the GNS and all assets before start trading.
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5. Start trading. Once you have good picture of the platform and you know exactly what youβre doing, you can start trading with leverage.
6. Monitor your positions. Employ proper risk management strategies and adjust them as needed.
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6. Monitor your positions. Employ proper risk management strategies and adjust them as needed.
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You can use the link below to get into GNS trading platform
gains.trade
By using that link you will enjoy the fees discounts on your tradings.
I would advise you bookmark it on your computer for easy access on your everyday tradings.
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gains.trade
By using that link you will enjoy the fees discounts on your tradings.
I would advise you bookmark it on your computer for easy access on your everyday tradings.
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Another amazing news on GNS Arbitrum chain, there are trading contest going on. A total of $100,000 in prizes to be given out to 50 best traders. Please take your chance to learn more about this contest and go showcase your trading skills.
More details on the link provided!
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More details on the link provided!
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In the coming thread will write more about day trading and indicators.
If you find this thread useful, kindly like and RT. Thank you!
@galus_titanium @Sirjeff_D @criannicas_ @Michael_Goodwil @IdrisSultan @godbless_lema @oaksupreme @MsCryptomom1
If you find this thread useful, kindly like and RT. Thank you!
@galus_titanium @Sirjeff_D @criannicas_ @Michael_Goodwil @IdrisSultan @godbless_lema @oaksupreme @MsCryptomom1
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