The services we offer include a peer-to-peer trading platform that offers trading of cryptographic tokens and currencies (“Cryptocurrency“ or “Cryptocurrencies”) and leveraged derivative contracts that have Cryptocurrencies as the underlying basis for the transaction (“Cryptocurrency Derivative” or “Cryptocurrency Derivatives” or “Derivative Contract” or “Derivative Contracts”).
A trader should place a stop-loss at a logical level, where the trader would know that his trade thesis did not play out and he was wrong about the market’s direction. Stop-loss setting can be informed by key support levels too. Simultaneously, the stop-loss level should not be set so tight that it gets triggered due to normal market fluctuations.
Stop-loss levels also impact position sizing decisions. Let’s say a trader with a $100,000 trading capital (i.e. $1 million max position size at 10x leverage) doesn’t want to lose more than 1% (i.e. $1000) of this portfolio in a single trade. This means that for trades where potential loss can be high, the position size needs to be small. So, if the stop-loss level is 5% away from entry-level, the max trade size can be $20,000. Conversely, for trades where the potential loss is small, position size can be increased. So, if the stop-loss level is 2%, the max position size can be $50,000.
When You access or use our Services, we automatically collect information about You, including:
We and our service providers may use various technologies to collect information, including cookies and web beacons. Cookies are small data files stored on Your hard drive or in device memory that help us improve our Services and Your experience, see which areas and features of our Services are popular and count visits, manage the registration process for accounts, remember your site preferences, retain certain information to process orders for exchange transactions, and retain information to provide You with support. Web beacons are electronic images that may be used in our Services or emails and help deliver cookies, count visits, and understand usage and campaign effectiveness.
We may use information about You for various purposes, including to:
The information shared by You with Us will not be shared or disclosed with any other user or third party unless necessary in accordance with the applicable laws. However, the information shared by You may be disclosed to third parties, including external service providers who provide “know your customer” services and/ or Google analytics etc., to assist Us in collating and analysing User information and enabling us to make the use of the Services and the Site more user-friendly.
In the event Your personal information is required to be shared with any authority in compliance to the applicable existing laws of any appropriate and applicable jurisdiction, You will provide Your prior written consent to Us within 5 (Five) days, after which (in case of no response from You), We will be permitted to disclose such personal information of Yours with the said authority.
Your payment and transaction details will not be shared with other users or third parties under any circumstances.
If You have any queries regarding this policy, please contact us at [email protected].