A Glance inside StormGain - Main functions
StormGain?s app is fantastic for both amateurs new to the game but also for experienced traders. The first glance on inside the app makes trading easy, even easy to understand in my point of view. The fiat used on the app is Tether (USDT). You will also allocate your trades from the USDT account which is easiest you can also trade BTC and XRP this making it harder because their is two assets moving, not just one asset agaist another stable asset.
You have the most common crypos to trade with and buy or sell with leverage. The leverage has different limits depending of which crypto you want to trade. With a few cryptos leverage goes as high as x150, but most assets lower leverage limits. You're also able to buy or sell cryptos this with different leverages. You have many more options and variety of cryptos you can trade, but only a few cryptos having a wallet in the app. Because everything is done using USDT you're also getting all profits in USDT. easy and no need to move assets around.
I Have Never Traded With Leverages Nor Selling Or Buying Assets I Don't Have.
No worry mate! This app is easy to use and also by it's look making it easier to understand the functions of leverage trading. Just trading USDT against another asset with leverage is easy and fixed with a few buttons pressed. Look at the picture below, here you see a few of the crypto you're able to trade with and here you can choose the crypto you want to sell or buy with a leverage of your choice. The beauty of this is you don't need to buy the asset manually in order to sell it with leverage, StormGain takes care of that process for you.
Once picking a asset you want to trade you touch on that and you will arrive to a page their you choose if you would like to buy or sell it. I will not show that page because it's a page their you have two options I mentioned above after this is done you will be transferred to a new page.
In this (picture) page below you choose with asset you want to trade with (easiest is USDT, because it's not a moving asset like BTC or XRP which you're able to choose as an asset also) after asset is picked you can now choose how much you want to trade with. You're also able to set a "take profit" price, this you set simple by dollar for example I set "take profit" at 12 dollars when you're trade hit that profit it auto closes You can also set "stop loss" this function works exactly like "take profit" just the other way around. You can set a auto increase price as well for stopping you're trade to liquidate. You need to set a leverage of you're choice and after that you can push "confirm sell" or "confirm buy" depending what you're chose was on the page before coming to this page. In the page before the pictured shown below, I chose to buy the asset, that's the picture I didn't show in this article as mentioned above.
After the page (picture) above is done you're trade is beginning and you can follow your asset in real-time and also how much profit or loss you're having, this to in real-time. You can choose to close out the trade at anytime or increase the trade. The only time to increase is if you're trade is close to liquidation price, by increasing you get a higher or lower liquidation price, giving you bit more space. It's a easy and fun app to use, it's the perfect "on the go" trading app at least for me. More experienced traders may want some more tools fixing their trades at least it's a perfect app to begin with if you're new to trading and want to do it by phone. In the picture below you're seeing how a live trade looks like, after you confirmed the trade in the picture above
The BTC Mining The App Offers
StormGain app also offers a BTC miner, this miner is stared in hour intervals. This meaning you have to manually press "mine" and it's mining for four hours after this four hours has past it stops and you have to press "mine" again. This miner isn't a fast one but it's free and once you mined ten dollars of BTC you can withdraw it to your wallet inside StormGain and trade with it. You can not withdraw this BTC to another wallet, this is just BTC to trade with inside the app. All your profits for trades with the mined BTC is entirely yours to to what you want with. It's a smart function and if you trade smart with the leverages you can gain a lot only from this ten dollars of BTC.
StormGain PROS:
- Very easy to use and you can do a trade in lightning speed
- The basic settings for a trade is there
- Easy for the eyes to follow everything happening inside the app
- Very good for beginners to start their trading journey
- You can buy gold and silver stocks, a funny little bonus
- You can mine, getting some free BTC now and then to trade with
-The mechanics of the app letting it do the "middle" transactions for you,the trading becomes even more simple.
StormGain CONS:
- It could have been more coins to trade with
- It missing a "stop loss" function that works when you're trade is in a profit state.
-The mined BTC letting you only take the profits of the trades, making the mined BTC not yours.
-More tools to use in the trading page
As you see the the Stormgain app is very user-friendly for beginners and I think even more serious and experienced trades find the app useful. For me StormGain gets a 5/5, according to me only small things has to be changed and some more coins added to it, otherwise a very useful app.
If you would like to try StormGain you're welcome to use my referral link, this getting you 3 USDT for free in the BTC miner to start with!
https://app.stormgain.com/friend/BNS34784363
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