Trading has come a long way in a very little space of time. What used to be a profession and hobby reserved for the select few upper class, is now accessible to anyone, at any time.
Rather than stripping away the power to cater to beginner traders, we've automized it. It's not a case of information and an advanced trading system not being implemented, but of them running in the background, so you don't have to focus on them.
There are three distinct categories that Pattern Trader excels in.
For as messy as trading can be, it really is all about precision. Some decisions come down to seconds, and even slight variations can have massive consequences. This level of precision isn't as simple as reading the recent history of a tradable item, adding it up, and dividing to find out whether it's good or not.
All markets are living, breathing beasts, and all of them affect one another. The Pattern Trader system takes that into consideration in its processes. We're not going to give you a black and white system that is either entirely right or entirely wrong. Instead, our algorithm delivers results with more nuance and finesse than any other out there to date.
Technology has revolutionized the trading world in ways that nobody could have ever predicted. The issue with that is once trading developers got to a certain point, they stopped innovating.
We didn't. All of our systems have been rigorously tested and fine-tuned on an ongoing basis.
We want our platform to be the best in the world, and we are constantly working to achieve that goal.
The Pattern Trader workflow makes use of cutting-edge trading algorithms that take the complication out of trading for you. You can use our app with nothing more than a basic understanding of the trading you're doing, and that's something that we are proud to have achieved.
Most new users expect trading to be an intense and continuous job. With other platforms, that often is the case. Unlike those other platforms, though, we've developed our own trading algorithm that automates your daily workflow.
You don't need to be sitting at your screen 24/7 to trade with Pattern Trader. Just set up your account, and our systems can handle the rest.
Of course, if you want to micromanage your trading activity, you can. That can be a lot for a new trader to take on straight away, though. Therefore, don't feel pressured into dealing with every minor trading activity manually.
Pattern Trader offers you the ability to trade a wide variety of different markets, not just one. Often time, trading platforms only specialize in one niche type of trading. That's all well and good, but it means that beginner traders aren't getting a full experience of what the trading world has to offer.
We want you to experiment, to find out what you like and what you don't, and the best way for us to do that is to give you options.
Pattern Trader gives you the ability to trade all kinds of different cryptocurrencies, including Bitcoin. Bitcoin is the new kid on the block in the trading world, but that doesn't mean it has fledgling value. Bitcoin landed with a splash in 2017 and since then has gone on to revolutionize the financial sector. There was a time when you couldn't turn on the news without hearing of Bitcoin.
While that time has passed, the impact that Bitcoin left, and is continuing to leave, carries on. Trading Bitcoin means being a part of the future. There's little doubt in any serious trader's mind that the value of crypto is going to continue growing in years to come.
By trading in Bitcoin through Pattern Trader, you have the opportunity to get your foot in the door of a growing industry before it's too late.
It's not just cryptocurrencies that Pattern Trader caters to. We also provide a platform for you to trade more traditional currencies too. This is typically known as the Forex or the foreign exchange.
If you're unfamiliar with Forex trading, the premise is simple. You're using one currency to buy another. For example, you could buy $100 worth of euro or vice versa. Forex is an old-school form of trading that has its roots buried deep within classical economics and politics. If that's more to your liking than technology, then you might want to consider giving this type of trading a go.
CFD trading is a little more complicated than the other two. Rather than buying a currency or commodity, you're actually betting on the direction a certain market is going to go. This is done over the very short term. CFD trading is particularly popular in commodity and Forex markets, although it's much more difficult to execute a CFD strategy than it is for the other two.
You're betting that the price of something is either going to go up or down by a certain amount within a certain time frame. It's riskier than simply investing in that market, which is why it isn't recommended that beginner traders don't spend too long with this type of trading. It requires a lot of technical knowledge that you're going to acquire over the course of your journey. We still offer CFD trading on our platform regardless, though, so if you want to dabble in it, then the option's there.
We also allow you to trade commodities or assets with Pattern Trader. A commodity is a physical resource that you purchase with the expectation that it's going to rise in value. Assets follow the same logic, ultimately bringing a net gain to your finances.
Most people would have a very basic understanding of commodity trading, even if they don't realize it. Gold, silver, platinum, oil, coffee, sugar, and wheat are all examples of commodities. There are countless other examples. Commodity trading tends to be, generally, slightly safer than most other forms of trading and caters towards long-term investing.
It's a particularly beginner-friendly way to get introduced to the trading world, so it's a good place for you to start.
At Pattern Trader, we hear questions from potential traders all the time. While everyone has their own unique questions, a lot of people share the same ones. We've compiled the majority of the questions that we see time and time again into a section for you down below.
We really can't stress this enough. You DO NOT need any form of prior trading experience to take advantage of Pattern Trader. We've designed our system to be as beginner-friendly as possible, meaning you can use it as your very first point of contact with the trading world.
Sure, having experience of some sort is always an advantage, but it's by no means a necessity.
Trading with Pattern Trader is a simple three-step process. All you have to do is register, fund, and trade. You can head over to our signup page to learn more about that.
Our system takes all of the middle work out of trading. Don't worry about doing copious amounts of research before you trade. We've already done that for you. All you have to do is click the button.
The first area you invest in should reflect both your interests and your current level of experience.
If you're completely new to trading, then steer clear of CFDs. From there, you have the options of Crypto, Forex, or assets.
If you're a fan of technology and are interested in independent finance, then Crypto and Bitcoin is the way to go.
If you're more old-school and like keeping an eye on politics and economic news, then you might be more invested in the Forex.
If you're neither of these and truly at a loss, you can't go wrong starting with assets and commodities.
Regardless of where you kick off your trading journey, remember that it's just that, a journey.
You're going to learn a lot through your new experiences, and all of that knowledge is going to help you in your future trading endeavors.
Don't be afraid to step outside of your comfort zone. Just remember to always trade responsibly.
Given how new Bitcoin is, a lot of people are unsure about it. In fact, we get more questions about Bitcoin trading than we do any of the other types. We're going to try and break it down for you now.
Bitcoin is a digital currency. That means it acts like a dollar in that it can be used to buy and sell things, including other currencies.
On the other hand, Bitcoin is entirely digital. You can go to an ATM and take dollar bills out, then go to the store and buy something with those bills receiving dimes in return.
None of those things are possible with Bitcoin. There is no physical representation of the currency, meaning you can't walk into your nearest Walmart and buy something with it.
While the physical retail world has yet to catch up, the digital one hasn't. A lot of online stores accept crypto as a valid form of payment, although not all of them do.
As you might expect, all of this means that Bitcoin is stored differently from traditional currency, as well.
You store your Bitcoin through a software called a wallet. You can use this software on any device that can house it, including USBs and hard drives.
Once you've traded for some Bitcoin, you move it to your wallet from the trading platform. From there, you use it to buy things online or keep it to accumulate value.
While we don't operate as a trading education platform, there are countless sites out there that do.
The best thing is most of them are free. You don't need to spend thousands of dollars on a college degree in economics or anything even remotely similar. There are plenty of resource centers out there; all you have to do is look for them.
The beauty of Pattern Trader is how versatile it is. You can commit ten minutes every day, or you can commit ten hours.
The choice is entirely up to you. Just remember that our platform automates the workflow process for you. You don't need to be standing over your laptop to make trades with us.
Yes, we allow you to trade both. What a lot of new traders think, especially those unfamiliar with Bitcoin, is that Bitcoin and cryptocurrency are one and the same.
In reality, Bitcoin is a type of cryptocurrency, just like the dollar is a type of currency.
Cryptocurrency is named as such because it's encrypted. Other than that, it's still a phrase used to describe different types of currencies.
Aside from Bitcoin, you have major crypto players like Bitcoin Cash, Ethereum, Ripple, and much more.
Bitcoin is just the poster child because it's the currency that brought the most eyes to the industry back in 2017. It was also the first. Other than that, all of the other cryptos are perfectly capable of being trade.
With that said, we'd recommend you trade Bitcoin first before you try expanding your cryptocurrency horizons.
It's the easiest to understand, and you're less likely to make mistakes than if you were trading a more advanced coin.
Trading gold actually isn't as simple as that. There are a variety of different types of trading that determine whether or not you need to store it.
If you're trading for gold bars and bullions, then yes, you're going to have to store it. A safety deposit box at a bank is always a solid idea.
Gold is resistant to aging and burning, so all you have to worry about with it is theft.
However, if you buy allocated or segregated gold online, then you don't need to store it. This type of gold allows you to buy ownership over a certain quantity that is being held by a bank.
This gold, while stored in the bank, doesn't appear on any of the bank accounts or asset sheets. Therefore, your gold is safe in the event the bank collapses.
The choice to trade Bitcoin or gold is a deceptively close one. The two have a lot of similarities to the point where which is better comes down to personal preference.
Both Bitcoin and gold have a limited supply and are finite. Both are considered safe long-term investments even through a financial crisis, and both only really go up in value.
The biggest difference is that you might have to store gold, whereas all you need is a phone to store Bitcoin.
We said your phone, but that might not be entirely true.
Bitcoin is stored on a software called a Bitcoin wallet. This software can be downloaded and installed on your computer, moved to an external hard drive or USB, or you can download it on your phone.
Once you trade for Bitcoin online, you move the coins from your trading account into your wallet. You do this for both security reasons and so that you can actually use that Bitcoin elsewhere.
When you get your wallet set up, you're going to be given a long code of random letters and numbers. Don't forget that code.
That's your wallet's key, and the only way for anyone, including you, to access it. If you lose the key, then you lose the coins.
The cybersecurity software surrounding Bitcoin is often considered some of the best in the world. A breach of that security is excessively unlikely, but not impossible.
If you want to stay safe while trading, the best thing you can do is keep your wits about you and use common sense.
Don't agree to trade with someone over a random forum, don't click on anything that seems too good to be true, and don't leave your money in your trading account for months at a time.