AltSignals continues to offer very high winning rates and signals for traders. This can be confirmed with the recent reports the company released for December 2020. AltSignals is now offering trading signals for a wide range of exchanges and instruments.
The most valuable services offered by AltSignals include signals for Forex, Binance Spot and Binance Futures. Each of these groups is going to be managed by experts sharing trading signals.
Although the December 2020 report has provided very good results, the market can always change. This is why it is always important to know there is a risk of trading in the virtual currency market. Moreover, results are never guaranteed.
The first of the reports is the one for the Forex market. AltSignals had a very positive month with a winning rate of 80%. That means that the team behind AltSignals was able to provide 80% positive results to traders.
When investors trade in the market, one of the focus should be on winning rates. The higher the winning rate, the more possible it will be for the trader to make profits while trading. With this win rate of 80%, AltSignals allowed users to register 1843 pips.
There were a total of 20 signals with 16 winning signals and 4 losses. This allowed the company to reach an 80% win rate.
The full report shows that the best trading pairs (those providing larger gains) were XAU/USD, US30/USD, USTEC/USD and EUR/CAD. However, there were other winning trading pairs that do not appear in the report.
It is worth mentioning that AltSignals has decided to also add new trading pairs to their signals. This is why users can now purchase and trade gold and other instruments such as the US30.
The worst performing trades included the USD/JPY, the NZD/CHF, the USD/CHF and the AUD/CHF pairs. These were all the negative trades throughout December. The Forex market is one of the markets with the highest volume. This is because forex trading can be done not only for speculative reasons but also for travelling and economic reasons.
For the Binance Futures exchange handled by Binance, the team behind AltSignals was able to provide a massive 1923% profit for December. They shared with traders 54% winning rates. Of a total of 63 signals, 34 of them were winning signals and just 29 were negative.
The full report is more than positive. Users registered a total profit of 1923%, which is not easy to achieve. And this is only during one-month trading. The trading pair with the best results was BTC/USDT and it provided profits as high as 336% for December 2020.
However, the worst-performing trading pairs were also BTC/USDT and in the top 5 appears ETH/USDT. Most of the losing trades were registered during the second half of the month and the losses were between 112% and 138%.
AltSignals continues offering valuable trading signals for a wide range of exchanges. Binance Futures is one of the platforms that has been growing over recent years. Nowadays, it is one of the futures trading platforms with the largest volume in the virtual currency market.
Binance Futures has been expanding in recent years. Due to the valuable services offered by the company, users can easily expand their trading strategies and improve their presence in the market.
As you can see, not all the exchanges have winning trades. This time, for the Binance Spot platform, the winning rate was just 20% and it registered 47% losses for traders. Thus, it is always important to reduce our exposure to just one trading platform and style and get exposure to the Forex market and Binance Futures.
As you can see in the image above, the total number of trades was 10. This shows Binance spot is not among the most used platforms. AltSignals is focusing on those that provide larger profits, meaning forex and Binance Futures.
The full report allows us to see how AltSignals tries diversifying the trades. They do not focus on BTC, ETH and LTC but also on different altcoins. For example, the two winning trades of the month were done with the HIVE/BTC and RDN/BTC trading pairs. The losing trades included other digital assets such as DLT, ARDR, NMR, VET or SNM.
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