In the universe of cryptocurrencies with regard to financial value, the activity that has the greatest demand and advertising is the foreign exchange market and the famous day trade in search of high profitability.

Presentation

On the home page, clean and with an extremely high-quality design without leaving anything to be desired in performance, Bityard presents its existential status quo: 4 operating authorization licenses issued by regulators one of Singapore, one of USA and and 2 licenses of Estonia.

Bityard may appear to be just another Exchange among others, but it is possible to notice that it was developed with a view to futures and derivatives contracts, this is noticed when seeing in its operational functionalities that the SPOT exchange market is the beta one, that is, a later launch, being contrary to what we are used to, where they start with spot and then open markets in futures and / or derivatives.

The objective is not to deepen the content in the differences and details about the different types of market itself, but it is worth noting that the SPOT market is relatively less risky for the trader and less responsible by the market maintainer, against departure from future markets where there are leverage, margins and other factors that directly influence profits and consequently the risk it involves.

The Account

Bityard's had great strategy of sending the authorization code to the email, before the account is properly registered, has a good portfolio, but unfortunately it does not have WAVES, but that's okay, the existing assets have a good rating, navigation is very simplified and intuitive, it's really nice and fast.

Trade, trade and trade

Upon entering I went straight to contracts, I didn't waste much time, I needed to see the panel's structure and functional characteristics, and I must say for those who like risks and venture with high leverage, bityard brings a plate full with a very nice detail that helps in decreasing risks.

In leverage contract markets, pay attention to risks, it is not a game of chance and betting, you must have experience and knowledge of the market in which you are operating and follow the news to which the asset is linked, be aware, use the guides that bityard offers in the menu and practice on the DEMO panel to gain experience and know the functional details of the panel, do not follow tips, suggestions or indications from third parties, seek to understand the market in which you will operate.

NOTE: Do not do shit with your money, less with other people's money.

Operational Characteristics and Positions

Operating in any foreign exchange market is not always simple, whether for professionals or experienced, each location has its own particular characteristics, it is necessary to understand them and get used to the panel model offered, in large part the concept is common, but there are always details that we should be aware of.

Bityard has very interesting configurations, such as the percentage of proportion of TAKE PROFIT (TP) and STOP LOSS (SL), and to understand the relationship, we still have to consider a relevant point of operation: Is the operation of positions CROSS or ISOLATED?

So it is different from what I am used to, I would say that it is INDIVIDUAL, since it is possible to open different and simultaneous buy (long) and short (sell) positions without combining positions of the same type, that is, when executing two positions buy (long) they will remain separate each with their assigned leverage and ratio and simultaneously it is possible to have sell(short) positions, this provides the operator with better risk management and consequently reduces the risk of the overall value, and this is an advantage of indisputable security.

The question now was, then, how to increase the purchase of a specific position, and oddly enough, in the position list, each position very clearly presents 3 buttons: CLOSE (close the position), settings (to adjust the TP and SL) and the plus symbol (to add margin in the respective position), and a detail: TP and SL can never be equal to zero and have a maximum percentage.

I really liked ... below a video playing with the demo version to demonstrate the UX, settings and operability of the contract panel.