StormGain crypto options
StormGain cryptocurrency derivatives trading platform is a top-tier crypto-asset trading system to suit everyone. The programme is available both on the website and from any app. The trader can use the most popular traditional trading tools, free trading signals, the lowest commissions on the market, tight spreads and leverage up to 300x. There is also a unique opportunity to simply buy and store cryptocurrency in wallets. The dynamic platform offers its clients a loyalty program that depends on the volume of trading per calendar month. There are seven loyalty statuses: Standard, Gold, Platinum, Diamond, VIP 1, VIP 2, VIP 3. Loyalty terms of trading depend on the loyalty status. The client receives deposit bonuses, reduced trading commission, lower cryptocurrency exchange fees, interest on deposit, increased mining speed.
In addition to the usual asset trading, there is an opportunity to use various financial instruments on the StormGain platform. One of them is crypto derivatives, which are essentially an agreement between a buyer and a seller for the future value of a digital asset.
The most popular derivatives in the cryptocurrency industry are futures, options, and swaps.
Futures is an agreement to sell or buy an underlying asset at a specified price in the future (hence the name).
An option is a contract that gives the buyer the right, but not the obligation, to buy a product at a specified price. For example, you ask to hold the goods until tomorrow because you do not have money.
A swap is two contracts: the purchase and sale of an underlying asset and the purchase and sale of the same asset in the future. It is a more complex version of the futures.
StormGain derivatives in the Philippines are popular among traders. Below we will look at what crypto derivatives are, how the platform works, and why crypto derivatives trading is profitable.
StormGain cryptocurrency derivatives
Derivatives are financial instruments that are based on another asset. In addition to cryptocurrencies, the asset can be commodities, currencies, loans, stocks and other securities. Exchanges are divided into spot trading and derivatives trading. Derivatives allow you to make money not only on the rise but also on the fall of the price. Derivatives allow you to trade with leverage. This is when a trader borrows additional funds from the exchange against the balance in his account. For example, leverage x10 increases income by a factor of 10. But such trading increases the risk of losing the collateral, i.e. the trader's balance. There are no such risks when buying or selling cryptocurrencies on an exchange, but it does not increase the profit by several times. There are 16 types of derivatives in total. In cryptocurrencies, there are five: open-ended contracts, futures contracts, exchange-traded index funds (ETFs), swaps and options.
StormGain derivatives in the Philippines are represented by crypto options and crypto indices.
StormGain crypto options in the Philippines
Options trading strategies depend on the needs and opportunities of each individual investor. StormGain crypto options in the Philippines can be bought and sold like all securities and derivatives. StormGain crypto options trading covers your risks, gets a fixed income and can profit when the market is rising, but also when it is falling or even stagnating. There are no risk-free instruments on the stock market, and that goes for options as well. Their risks are mainly due to wrong market forecasts in this case, the investor loses money on the premium. Besides, income from options may simply not cover losses from transactions in shares, but that does not mean that this type of insurance is neglected.
Options are rather difficult to handle and, although they do not require price analysis, they make special demands on the experience, knowledge and patience of the investor. This is not a tool for hotheads, who are in a battle for high returns.
Options are time-consuming to execute, which generally makes it less likely that an inexperienced investor will make money but this is where the broker, who executes the transactions on behalf of and at the expense of the client using his knowledge, expertise and insider knowledge, comes in to help.
In general, the risks for option trading should be assessed in detail for each strategy:
- Selling Covered Call Options you run the risk that the price of the asset you own could fall. The buyer will not want to close such a deal, will cancel the contract and you will be left with a sharply depreciated asset which you planned to sell at a higher price.
- Buy Call Options and Buy Put Options. If you misanalyse information and make a wrong prediction about the trend, you will lose the premium you paid for the option.Buying protective put options here the most evident risk is the uncovered profits from the option losses from the decline in the value of the asset.
If you, as an investor, have chosen to work with a group of options, you must calculate both the individual risks for each instrument and the possible cumulative risk.
How to open a trading account?
Creating a trading account is easy: visit the website and click "Create account". It is also possible to sign up via Google social network or Apple ID. The mobile version of the trading platform is exactly the same as the web version. Hence, there will be no problems with trading and funds transfer. Fill in the fields Email, Phone and Password in the pop-up window. Then confirm your registration. Your account is now open. Start trading now, you can buy and sell crypto instruments in real time. Beginner speculators can practice on a demo account. You can fund your live account with a crypto wallet, Visa or Mastercard, SEPA bank transfer, or debit/credit card deposit with no fees. The customer verification procedure includes providing the following details: full name, date of birth, address, nationality, scan of passport or ID card. Such a requirement is not a separate concept, but a regulated account verification procedure, which is practiced by many international companies doing business online.
How to trade correctly on a crypto trading platform?
There are hundreds of cryptocurrency exchanges online that allow you to make money from virtual assets. Beginning traders who are just planning to explore the world of blockchain face a number of challenges. We've put together some tips to help them get off to a good start, avoiding mistakes and making them feel like a fish in water right away.
Despite the specifics of digital assets, the principle of working with them is very simple and straightforward: buy cheaper, sell dearer. Purchasing tokens during a downturn is not a difficult task. Unlike precious metals and oil, where information about exchange rates is published in the news, the situation with cryptocurrencies is different. By the time a trader learns about new trends, the market will have changed its rate 10 times.
You have to do your own analysis, and modern trading platforms offer a huge range of tools for that:
- Charts. Watch how the price of the assets changed during the week, month or year.
- Trading Journal. Capture the difference between current buy and sell offers and forecast what the future price of cryptocurrencies will be.
- Trading History. As practice shows, the most popular trading pair is the one that gains value the fastest.
It is better to use all of the above tools in a complex. The trader will be able to "enter" the market in time and leave it before the change of direction.
Stop Orders are the most important trading tools, without which not a single buy and sell transaction can do.
It is strongly recommended to trade on platforms that have a stop order.
It is a pending order that activates an asset's purchase or sale in automatic mode under certain conditions. A stop order is an effective way to manage the risk. Firstly, the trader does not have to check his trades every half an hour. Secondly, it protects itself from capital loss due to sudden price changes.
Tips for new traders
Use 10% of the deposit. Even with a "stop order" you should not open a position with the entire deposit. The first trades may turn out to be unsuccessful.
Withdraw your profits. If the crypto market gave you a profit once, it won't last forever. If you are lucky enough to double your deposit, it's worth withdrawing the money you invested and continuing to trade only on the remainder.
Start with spot trading. Don't go straight into margin trading. To get used to the cryptocurrency market, it's better to start with spot trading. Simply buy coins, wait and sell them when they go up in value. Buy low, sell high.
How to choose the best platform for crypto trading?
Criteria for reliable platforms:
- Money turnover per day
- Payment methods
- Assortment of trading pairs
- Low fees
- Profile Verification
- "Trading Venue Life
- Good reputation
- Localization of the platform
- Time of operation of the platform
- Mobile application
- Customer service work
- Online reviews
The StormGain derivatives trading platform meets all the requirements of a quality trading platform. Register on StormGain and get a good profit from every trade!