Category: Strategies
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Take profit/Stop loss : How to use it to maximise profits on Pi42?
Strategic decision-making and risk management play pivotal roles in successful trades. Take Profit (TP) and Stop Loss (SL) are essential tools that empower traders to navigate the volatile market effectively. In this guide, we’ll understand the concepts of Take Profit and Stop Loss and delve into how to harness these tools to maximise profits on…
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Bitcoin’s price is plunging! What’s Happening?
Bitcoin has recently experienced a noteworthy shift, diving below the $40,000 range on Monday. The market, characterised by its ever-changing nature, has seen the leading crypto asset grapple with a series of fluctuations, leaving enthusiasts and investors on the edge of their seats. Bitcoin currently stands at $40,059.26, reflecting a 0.17% change over the past…
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How to Trade with Fibonacci Retracement in Crypto
Cryptocurrency trading can be both thrilling and intimidating, especially for beginners. However, there are tools and strategies that can help demystify the market, and one such powerful tool is Fibonacci retracement. In this blog, we will explore how to use Fibonacci retracement in crypto trading, breaking down the complex concepts into simple, easy-to-understand language. Understanding…
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Advanced Trading Techniques: Pi42’s Features for Crypto Futures Experts
In the dynamic realm of crypto futures trading, the pursuit of substantial profits is often intertwined with the strategic use of high leverage. While the potential for significant gains exists, it’s crucial to navigate the inherent volatility with a set of robust trading strategies tailored to the crypto futures market. Here, we present a compilation…
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Crypto Futures vs. Spot Trading: Everything you need to know
The cryptocurrency market’s dynamic nature presents traders and investors with various avenues to explore. Two prominent strategies, futures trading and spot trading, offer distinct advantages and challenges. In this article we will define the key differences between these approaches, shedding light on essential considerations for understanding the crypto landscape effectively. Cryptocurrency Futures vs. Spot Trading:…
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Mastering Crypto Futures Order Types: A Guide for Traders
Whether you’re stepping into the crypto futures market for the first time or you’re a seasoned trader, the skill of placing the right order type at the right time can significantly impact your trading journey. This essential skill is an integral part of a trader’s overall strategy. Crypto futures order types offer a spectrum of…
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Understanding the charts and candlesticks – Crypto Futures for Beginners
The world of cryptocurrency is dynamic and fast-paced, and for beginners, navigating through the market can be challenging. One essential tool that can provide valuable insights into price movements is the use of charts and candlesticks. In this blog, we’ll break down the basics of these tools, explaining what candlesticks are, why they are the…
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Crypto Futures and Tax Planning: Maximising Returns with Pi42
Last year, the Ministry of Finance introduced VDA followed by 1% TDS in July, 2022. This struck panic at large in the market and a lot of traders started moving to the off-shore exchanges. Amid all of this, traders were extensively affected. Pi42 came to their rescue with a much needed innovation for the Indian…
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Risk Management Strategies for Crypto Futures
In the fast-paced and exhilarating world of cryptocurrency trading, the realm of crypto futures offers Indian traders a unique opportunity to profit from the price movements of digital assets. However, the enticing prospects come hand-in-hand with inherent risks, making effective risk management strategies an essential aspect of successful trading. In this article we will delve…
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Common Mistakes Made by Crypto Future Traders
Crypto futures trading has become a magnet for traders seeking opportunities in the volatile world of cryptocurrencies. While it offers the potential for significant profits, it’s also a terrain where mistakes can be costly. In this article, we shall attempt to explore some of the common mistakes made by crypto futures traders and provide insights…
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How Much Does It Cost To Trade In Crypto Futures?
Crypto futures trading has gained immense popularity in recent years, offering traders the opportunity to profit from both rising and falling cryptocurrency prices. However, it’s essential to understand the comprehensive costs associated with trading in this volatile market. In this article, we will break down the expenses involved in crypto futures trading and explore strategies…
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Spot Trading vs. Futures Trading
Cryptocurrency trading offers a world of opportunities, and two major paths stand out: spot trading and futures trading. Each method has distinct characteristics, presenting unique benefits and risks. In this comprehensive guide, we’ll delve deep into the realms of spot trading and futures trading, exploring their key differences, associated risks, and how futures trading aligns…
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How to Effectively Manage Positions While Trading Crypto Futures
Crypto futures trading can be highly profitable, but it’s not without its challenges. One of the key skills that traders need to develop is the ability to manage their positions effectively. Through this article, we will explore what it means to manage positions in crypto futures trading, why it’s essential, and techniques to help you…