January 19, 2021

AltSignals Releases Trading Reports for December 2020

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. 

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. 

AltSignals Forex Trading Signals Report December 2020

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. 

AltSignals Binance Futures Trading Signals Report December 2020

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. 

AltSignals Binance Spot Trading Signals Report December 2020

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. 

AltSignals Team

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

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