For an individual who is just starting in crypto, what amount would you recommend as a suitable initial investment? Additionally, is it challenging to follow the instructions provided by Fox Signals when using platforms such as Binance? Thank you.
A: Thank you for your message! The suitable initial investment in crypto can vary depending on individual preferences and risk tolerance. It's always a good idea to start with an amount you feel comfortable with. Let us know if you need any further assistance!
Yes, Fox Signals works with multiple exchanges beyond Binance. Our system supports trading pairs that are tradable on almost all well-known exchanges, making it flexible and versatile for your trading needs.
If you have any specific exchanges in mind, feel free to let us know!
If Nexo offers the same trading pairs as Binance (since 90% of the pairs we trade are available on most well-known crypto exchanges), it should work for you
Q: Switching from paper trading to placing multiple shorts
If I deposit 1000 euros of play money into my account, with Leverage 10, it becomes 10,000 play money. Do I understand that correctly?
If I place 5 shorts, can I then enter the maximum amount for each short, or do I have to divide that play money by 5? I don't know if otherwise all the shorts will be activated.
Q: What is the initial investment?
For an individual who is just starting in crypto, what amount would you recommend as a suitable initial investment? Additionally, is it challenging to follow the instructions provided by Fox Signals when using platforms such as Binance? Thank you.
foxsignals
Sep 17, 2024A: Thank you for your message! The suitable initial investment in crypto can vary depending on individual preferences and risk tolerance. It's always a good idea to start with an amount you feel comfortable with. Let us know if you need any further assistance!
Q: Is there a way to operate post-mica?
Being in the EU, because of MICA you can't trade USDT, and I see that all the signals are on cryptos/USDT, so I can't open any positions.
Is there anything I can do?
foxsignals
Sep 13, 2024A: Thanks for pointing that out! Given the MICA regulations in the EU, you can use USDC instead of USDT for trading.
Q: will this work with other exchanges other than binance?
foxsignals
Sep 6, 2024A: Hi,
Yes, Fox Signals works with multiple exchanges beyond Binance. Our system supports trading pairs that are tradable on almost all well-known exchanges, making it flexible and versatile for your trading needs.
If you have any specific exchanges in mind, feel free to let us know!
Hi it works as well on Nexo Platform?
If Nexo offers the same trading pairs as Binance (since 90% of the pairs we trade are available on most well-known crypto exchanges), it should work for you
Q: Would Gemini Exchange work with Fox Signals?
Thank you
foxsignals
Sep 4, 2024A: 90% of trading pairs are available on nearly all cryptocurrency exchanges.
Q: Switching from paper trading to placing multiple shorts
If I deposit 1000 euros of play money into my account, with Leverage 10, it becomes 10,000 play money. Do I understand that correctly?
If I place 5 shorts, can I then enter the maximum amount for each short, or do I have to divide that play money by 5? I don't know if otherwise all the shorts will be activated.
foxsignals
Sep 2, 2024A: Please do your own research to understand how leverage trading works
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