"The disapearing app", Bityard app review.

"The disapearing app", Bityard app review.

By edexter | Dexter's finance musings | 20 May 2020


I have started to trade forex a little bit and naturally was interested in looking at trading crypto currency.  The Bityard App offers a $100 plus bonus in total but realistically it's a few dollars if you don't have a lot of money to trade.

 

The first thing I noticed when I downloaded the app is that I could not find it.  It has a name of univercex, something that would never occur to me to look for.

 

The app has several settings for leverage 20x through 100x.  In currency I have been trading 2x on a thousand dollars.  To trade $1000 you would divide by 20 and come out to $50.  2x then would be $100 by my math.

 

As far as I could tell there were no trading guides.  So what I did was to start to play with the demo.  You would think that you could close a position by doing the opposite of the buy or sell order that you have done.  Does that work no, I was supprised to see that both orders were active when I finally found the position button.  

Here's where the fun begins they have a stop loss and a take profits that you can set after you have made your order.  I have been using a 50 pip trailing stop loss and a 100 pip take profit trading the daily charts.  With Bityard I had to have a percentage of my order.  If I am risking 1% or ten on a thousand I have to take my trade 100 and devide it by 10 coming out with 10 percent.

One of the most important things you need to work on when you are trading is risk management.  Without documentation and with percents that don't necessarily allow you to have the stop loss you wan't trading is a risky business for sure.

For those of you that want some easy airdrop money the Bityard app is available Here

 


edexter
edexter

Long time invester working at a meat packing plant.


Dexter's finance musings
Dexter's finance musings

This is just a blog about whatever my latest speculation is. Mining stocks, crypto or even bonds at times

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