ProfitFarmers: Cryptocurrency opportunities within reach - Guest editorial - FinanceFeeds

ProfitFarmers: Cryptocurrency opportunities within reach – Guest editorial

Isaac Wick

ProfitFarmers executive Isaac Wick explains copy trading in three simple steps

By Isaac Wick, Senior Sales & Marketing Executive, ProfitFarmers

Cryptocurrencies. Maybe you love them. Maybe you hate them! Regardless, it’s hard to deny the potential opportunity made possible by successfully navigating this market’s high volatility.

ProfitFarmers is a trading tool that claims it can help you make profitable trades without all the emotional stress, 24/7 chart-staring and years of experience that’s otherwise required.

With absolutely no commissions or fees on your trades, total transparency on how their tool operates, and a 100% money-back guarantee if their software underperforms, ProfitFarmers is seriously worth your next 5-10 minutes to look into.

What is ProfitFarmers, and what does it do?

ProfitFarmers is a subscription-based trading tool that integrates with the Binance exchange, the world’s largest cryptocurrency exchange by daily volume.

How does it work?

ProfitFarmers creates trading signals, which are sets of instructions for trading a pair of crypto from entry to exit.

 

The company’s software produces these trading signals by scanning data points across numerous cryptocurrency coins. The best trade opportunities are then placed on the ProfitFarmers dashboard as a trading signal, ready for you to copy with just a couple of clicks.

Thanks to its integration with the Binance exchange, ProfitFarmers can place trade orders on behalf of traders. This makes using their trading signals very timesaving and streamlined, as you only need to enter how much you want to invest, and click on confirm.

A brilliant feature is your ability to customize every element of a trading signal to fit your individual style. This includes the Entry Price, Target/Exit Prices, and stop-loss price.

 

After following a trading signal, ProfitFarmers tracks the coins’ value through Binance, waiting to place a buy order at the best price possible.

Once the coins are within your Binance wallet, ProfitFarmers waits for one of the 4 possible target prices to be hit before placing an order to sell a percentage of your coins off for a profit. 

Whilst setting up a trading signal, traders can choose how many target (exit) prices they wish to have and the percentage of coins they can sell off at each.

In the event that a coin’s value starts going in the wrong direction, ProfitFarmers initiates a stop-loss order to sell off all of the remaining coins and prevent any unexpected major losses.

On top of the functionality mentioned above, ProfitFarmers also has a few more tools designed for more experienced and active traders, one of which is a Price Action Scanner:

Another such function is the Relative Strength Index Scanner:

Most importantly; there is also a manual trading terminal connected directly to Binance.

Traders can use the trading terminal to maximize the effectiveness of ProfitFarmers trading signals. This is done by applying some quick, low-level analysis to enter and exit trades at the best price possible.

 

That concludes my quick rundown of what ProfitFarmers does! As you can see, there’s a lot going on behind the scenes when you simply click and copy a signal, but that’s the point. ProfitFarmers software handles the trickier parts of trading so that you don’t have to.

Security Feature: ProfitFarmers’ integration with Binance does NOT enable them to withdraw or transfer your funds at any time. This is made impossible by it’s API design. No amount of your trading capital ever goes through ProfitFarmers software or servers.

How does ProfitFarmers make trading easier?

Below I’ve listed the top three pain points that make cryptocurrency trading difficult, and how ProfitFarmers solves them.

What are the qualifications for using ProfitFarmers?

Here are 3 things you should have in order to make the most from your ProfitFarmers subscription:

You don’t live in the USA

ProfitFarmers’ website states that because they are registered within the European Union, they have to block American IPs from signing up. A possible workaround could be using a VPN, but do so at your own risk.

$3,000 or more in trading capital

ProfitFarmers can’t stop you from joining if you have less than $3,000 to trade with. They recommend this because there can be 10+ trading signals going at once, and trading with less than $300 on a signal could limit your overall profitability.

Your trading capital remains within your Binance wallet at all times, separate from ProfitFarmers.

A Binance exchange account (Free)

You’ll need a Binance account to make use of ProfitFarmers semi-automated trading feature. Without this, you’ll need to trade manually. Binance accounts are free to create, and take less than 5 minutes to configure.

Given that ProfitFarmers is operating in the world of cryptocurrencies, it seems they’re well aware of the numerous false claims, scams and lies surrounding the industry.

In light of that, the money back guarantee is ProfitFarmers’ way of proving their legitimacy and commitment to ensuring every member experiences a fair level of exposure to profitable trading opportunities.

ProfitFarmers states on its website: “We will offer you a full 100% refund during your first 30 days with ProfitFarmers if we are unable to provide trading signals that achieve a win rate of 60% or higher during that time. Winning signals are defined as those that reach their first target (or higher) and, therefore, offer some level of profitable opportunity.”

Is ProfitFarmers safe?

In terms of systems security, ProfitFarmers is integrated with the Binance exchange. Trading capital remains here at all times. This means while using ProfitFarmers, traders benefit from the same top-level security provided by the world’s most popular crypto exchange.

ProfitFarmers states that i doe charge any commissions or fees on trades, as the trading capital never passes through their hands in the first place.

The ProfitFarmers Academy: Inside is a collection of 30+ videos and guides designed to educate anyone on the basics of trading and how to make the most from their platform.

ProfitFarmers states that it goes to great lengths to provide high quality content, and that ProfitFarmers Academy is available to anyone without requiring a subscription to access it.

What’s good and what’s not so good about ProfitFarmers?

What’s good:

 

  • No need to spend hours searching for your trades – The trading signals present you with likely-profitable opportunities instantly.

 

  • No need to be constantly stressed by trading manually – Thanks to ProfitFarmers integration with Binance, you don’t need to be a slave to your trades anymore.

 

  • You keep 100% of your profits – ProfitFarmers designed their platform to make it impossible for themselves to ever take anything out of your trades.

 

  • Well-performing Trading Signals (Guaranteed!) – ProfitFarmers is so certain in their signals accuracy that they offer you a money back guarantee.

 

  • All the support and guidance you get – I’ve never come across any other platform that has the same quality AND quantity of support that ProfitFarmers gives you.

 

  • Stay up to date on the go with their Android app – The mobile app enables you to make and track your trades even when you’re out and about!

 

  • This is NOT an overnight millionaire scheme. It’s advised to check on your ongoing trades every once in a while. After all, your money is your responsibility. This may also mean having to manually cancel trade orders early when ProfitFarmers experts aren’t confident in a signal’s movements. They’ll send you a notification if this happens

 

  • You’ll encounter issues if you have less than $3,000 to trade with – Sometimes there can be 10+ ongoing trades at once, and if you have less than $3,000 to trade with it could seriously limit your opportunities.

 

  • ProfitFarmers doesn’t track your personal PnL’s – Although you can easily track your Profits and Losses with one of the many online tools around, it’d be great if ProfitFarmers added this in the near future.

 

  • No iOS mobile app available – While you can still access ProfitFarmers platform through a mobile browser on iOS, it would be nice to have a dedicated app like there is for android devices.

 

Regardless of whether you’re already trading cryptocurrencies or not, this is a tool that will guide you through the market’s volatility and expose you to profitable trading opportunities from day 1.

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

Read this next

Industry News

Are US equity markets in a bubble?

88.88 % of all S&P 500 stocks are trading above their 200-day moving average

Industry News

Brazils B3 exchange overtakes the CME in the number of contracts traded

B3’s mini dollar contract traded more than 692 million lots and saw its open interest explode by more than 940%, during 2020

Industry News

FSCS fees will jump by 48% in 2021/2022

The total bill for the compensation scheme will move beyond £1.0 billion, for the first time ever this year

Inside View

FX liquidity providers with STP regulatory licenses are still profit sharing. It’s a recipe for disaster

Some of the OTC B2B firms continue to do revenue sharing, despite the trail of destruction it has left in the past. We investigate this today, and gain perspective from within on how to build your broker and lead the entire industry toward proper long term business relationships with genuine multi asset providers and to lead the way away from the revenue share race to the bottom

Industry News

Green FX is here to stay. Retail brokers follow the banks lead

Retail FX brokerage CedarFX understands the importance of offering ecologically friendly FX trading accounts, especially when the new generation of traders are keen to ensure social and corporate responsibility when investing in capital markets. Here is why it should be taken seriously.

Industry News

BlackRock opens up to Bitcoin investment

The two eligible funds are no lightweights and they contain more than $40.0 billion of assets between them

Industry News

Citi launches a new suite of futures trading algos

Implementation shortfall algorithms are designed to keep or reduce that cost differential (slippage) to a minimum

Inside View

FX brokers are beginning to not just talk about becoming their own ECN or exchange, they are doing it!

FX brokers who do capitalize on the importance of offering a full range of venue-listed products via genuine live market liquidity will be left behind. The b-book OTC world has limited future, and the companies at the top are already working on its replacement. Here is our full analysis

Industry News

China spent a year purging itself of global FX brokers. Now it is about to unleash its own monster

Saxo Bank and eToro knew what they were doing when they sold out to Chinese firms. We look at how the government purged the FX businesses for its own greed and own ends. Now may be the time to consider how to structure a Chinese FX company.