SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger

SIGEN

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#1
SIGEN is a platform for trading cryptocurrency for any fiat currency in the world. Our name is derived from two words: SIGma + ENergy. Sigma (Σ) is the name of a Greek symbol that signifies knowledge. Energy is associated with vitality and constant movement forward.

Our platform gives you 3 options all in one place:
  • Trade on an exchange. Trade cryptocurrency with others and earn money on fluctuations in the exchange rate. We charge a minimum fee and allow you to withdraw the cryptocurrency automatically and without any delays
  • Buy/sell cryptocurrency for fiat money on our P2P platform. Your transactions are protected by ESCROW and Social Trust Scoring. You can use various currencies and payment systems.
  • Exchange currency rapidly in 1 click without signing up. Use our exchanger to buy/sell cryptocurrency at the current exchange rate without bothering with trades.
In addition to minimal fees, safety, convenient and fast transactions, and automatic withdrawals, you will find online 24/7 support, the ability to create orders with multiple offers, a double affiliate program, and much more.

SIGEN is next-generation cryptocurrency trading!

Start trading right away SIGEN.pro
 
#2
Cryptocurrency Trading Strategies: News Based Trading​

It is rightfully assumed that cryptocurrency prices are strongly affected by news. News based trading is one of the popular methods to trade on cryptoexchange. Let's have a closer look at some of the fundamental principles you need to adhere to in order to preserve and increase your funds.

Most traders operate as follows:

- When news are bad, all traders fear a drop in price and engage in a “sale”.
- When news are good, they buy cryptocurrency.

This is an adequate response to news. However, in terms of making profit this is not always the right strategy.

If you want to make profit, the right strategy would be the opposite one:

- When news is bad, buy cryptocurrency.
- When news is good, sell cryptocurrency.

In this case, you'll be able to make profit since cryptocurrency price is lower when news are bad.

Sources

A lot of beginning investors and traders notice that news have an impact on the Bitcoin price. A lot of them try to trade based on their own interpretation of the news. They soon can see that they suffer losses or fail to make profit by misinterpreting an event.

The key reason for misinterpreting is using an unreliable source of news or, more often, a source that publishes the news too late for making trading decisions.

Therefore, you need to find an adequate source of news. One of the best sources is forums and blogs. It's also important that forum and blog participants share their trading knowledge and experience and analyze errors and problems.

Local manipulators

Some players on cryptocurrency exchanges set up groups tasked with initiating cryptocurrency price movement in the right direction. They can have significant means and use them to rapidly increase or decrease the price.

However, local manipulators don't need to spend their own funds — they could just make a stir around a piece of news and force traders buy or sell cryptocurrency. This is exactly when manipulators make a profit by making the right bids. If an exchange has a chat, it's an advantage for manipulators since they can use it to directly influence traders.

There's some speculation — though having no proof just yet — that certain global news regarding cryptocurrencies are also initiated by manipulator groups. Operations of some exchanges were even suspended this and last years on suspicion of using insider information.

Therefore, even if you trust your source, you must always double-check all news, employ analytical tools and compare price movement on various trading platforms.

 
#3
Cryptocurrency Trading Strategies: Arbitrage​

In previous publications, we talked about some popular trading strategies, such as scalping and news based trading. Today, we'll tell you about another strategy — arbitrage.

The arbitrage strategy is when a trader trades on multiple exchanges. They use the difference in cryptocurrency prices on different exchanges and makes a profit on this difference. The trader compares prices on multiple exchanges and calculates the profit: where cryptocurrency can be bought at a lower price and sold at a higher price. In other words, the trader compares the price of the same cryptocurrency on different exchanges and calculates when the profit will be larger.

Arbitrage is not an easy-to-use strategy, but it's quite profitable

This strategy cannot be regarded as an easy-to-use strategy, but such trading can be the most profitable. To engage in arbitrage, you need to register accounts on multiple cryptoexchanges and carefully analyze and memorize their respective functionalities. You need to do it to rapidly respond and not to lag behind when you create buy/sell orders.

It's important to correctly calculate fees to be paid for transferring funds between exchanges and to account for the deposit/withdrawal rate. You should also analyze and memorize how prices usually change on specific platforms. Just like with any other strategy, it's good to master analytical tools, learn how to rapidly and competently read and understand charts.