If you’re a newbie in the world of cryptosystems, you probably want to know more about Binary Options Trading and the benefits of Binary Day Trading System or Binary Scalping. Well, if you do, then you must have heard of the two popular techniques in BTC scalping. They are called bitscalp and Cryptosystems.
The two platforms are similar.
Both use the same base strategies. However, they differ in their implementation. BTC scalper has its own indicators or micro trends indicators that help determine the risk level of the particular trade. On the other hand, a Cryptosystems scalper has indicators only to guide the decision of the broker to make a trade.
These two trading platforms are built on different concepts.
BitScalp platform makes heavy use of statistics in deciding whether it should enter or leave a trade. For instance, if there is an increment in the prices of a certain currency pair, it will trigger an entry. However, if it is negative, it will trigger an exit. Based on this information, it will estimate the potential gain or loss and accordingly trigger an entry or exit.
The former uses multiple indicators to come up with the decisions for opening and closing trades. This leads to a more accurate forecast of the movement of prices. However, in the case of Cryptosystems, it focuses on the fundamental data to make the trade. Hence, it can provide a better picture of the movement of prices for the particular time period.
In the BTC scalper, there is an option to switch between the currency pairs.
In other words, one can be an exchange player and simultaneously be a scalper. It can be risky to be a scalper because you can end up chasing the market whims. But if you are well-aware of the fundamental data and you are well-informed of the technical analysis, you can be a successful trader in the currency market.
In contrast, the Cryptosystems platform is more client-centric. In other words, it has developed an intuitive user interface, making it easy for experienced traders to navigate and execute the trading without having to understand the underlying indicators and strategies. In this platform, scalpers need to learn how to make use of the indicators. Once they learn to do that, they can easily move between currency pairs and can apply different scalping strategies to the different pairs.
BTC scalpers are able to enjoy a number of features as well.
The platform also provides campers with the opportunity to test their strategies on real accounts. If they are unsuccessful, they can easily learn from their mistakes and try again. But if they succeed, they have the option to trade on real accounts.
On the whole, both trading platforms are reliable and have low levels of risk. However, they differ in terms of execution. In the trading platform, traders need to follow the rules. They have to adhere to the trading strategy. In the BTC trading platform, scalpers can enjoy more control over their strategies and they enjoy the flexibility to apply various strategies.
The BTC platform has less risk since it are not tied to any one specific exchange. Traders who are not comfortable with the rules can leave the platform at any point in time. This is a clear advantage for the scalpers since they can always choose another exchange if they are not comfortable with the rules. With a less risk factor, the scalpers can enjoy a greater profit margin.
But the major difference between the two platforms is that Cryptosystems offers more flexible options to its users. Whereas, trading platforms offer only a few fundamental trading options. It is mainly meant for new traders and for traders who are comfortable using only one or two fundamental trading methods. BTC scalpers who opt for this option have better chances of success since they do not have to learn a number of strategies.
The best way to learn the techniques of both platforms is to get a demo account from one of the brokers. This will allow the scalpers to practice their scalping techniques and fine-tune their strategies. Once traders become comfortable, then they can go ahead and use the real platform. A good number of scalpers also use an automated system for trading. They do not need to constantly monitor the market; instead, they can let the system work for them.