CoinSavi Swing, offering leveraged trading tools to significantly multiply profit opportunities regardless of market trends, is the simplest investment platform for all investors.
So, what exactly is CoinSavi Swing? And how can you use this product effectively and easily to enhance your profits?
The following guide provides you with the most detailed information.
I. Quick Overview of CoinSavi Swing
CoinSavi Swing is a new trading method from CoinSavi. It allows investors to place orders and profit from both the rise and fall in the price of a cryptocurrency, utilizing financial leverage to increase returns. Essentially, CoinSavi Swing enables investors to profit easily in any market trend.
For example, if an investor predicts that the price of BTC will increase, they can place a Long order with 5X leverage. When the BTC price rises, the investor gains five times the profit. Conversely, if the investor predicts that BTC will decrease, they can place a Short order with 5X leverage. When the BTC price falls, the investor gains five times the profit.
Unlike spot trading, where profits are only made when coin prices rise, CoinSavi Swing allows investors to ride any market wave—whether up or down—and earn profits easily with highly competitive fees.
II. Step-by-Step Guide to Using CoinSavi Swing
Step 1: Download the CoinSavi app from the Google Play Store or Apple App Store. Register an account and deposit USDT to start trading. For account creation and USDT deposit instructions, click [here].
If you already have a CoinSavi account, proceed to Step 2.
Step 2: Open the CoinSavi app, select "Swing" from the Menu Bar at the bottom of the homepage.
Step 3: Choose the cryptocurrency to swing trade, enter the investment amount, and adjust the leverage as desired.
Note: High leverage can quickly yield high profits but also carries a high risk of liquidation. Therefore, it is advisable to set Take Profit/Stop Loss (Step 5) to manage risk effectively.
Step 4: Select the type of investment. Click Buy (Long) if you predict the coin's price will rise. Click Sell (Short) if you predict the coin's price will fall.
Step 5: After confirming your order, go to Portfolio Management. It is recommended to set Take Profit/Stop Loss levels to manage risk effectively based on your desired profit/loss percentages.
III. Advantages of CoinSavi Swing
Multiple Positions: You can open multiple positions, including both Long and Short orders for the same trading pair. Hundreds of trading pairs are available with a minimum capital of just 5 USDT.
Flexibility: Close orders anytime and consult the Risk Index for guidance. Learn more about the Risk Index [here].
Competitive Fees: Swing trading fees are highly competitive. Learn more about the fee structure [here].
IV. Easy-to-Understand CoinSavi Swing Terms
1. Understanding Buy/Long and Sell/Short
Before trading, an investor need to select their desired trading pair (e.g., BTC/USDT) and decide whether to go Buy/Long or Sell/Short.
Long (Buy): Predicting BTC price will rise. Buy BTC at a low price and take profit when the price increases.
Short (Sell): Predicting BTC price will fall. Sell BTC at a high price, then buy back at a lower price to profit from the difference.
2. Understanding Leverage
Leverage is money borrowed from CoinSavi to increase your trading power, aimed at increasing potential returns. It applies multiples based on your capital, such as 2x, 10x, etc. Currently, leverage on CoinSavi Swing ranges from 1x to 100x, depending on the trading pair.
Leverage Example:
Without Leverage: Investing 50 USDT in BTC; a 1% BTC price increase results in a 0.5 USDT profit.
With 20x Leverage: Investing 50 USDT in BTC; a 1% BTC price increase results in a 10 USDT profit.
3. Simple Risk Management and Liquidation
In a Long position, if the coin price drops significantly beyond the liquidation price, the Swing order will be closed, and the invested capital will be liquidated. The same applies to Short positions.
Unlike other leveraged investments where you could lose all your assets, CoinSavi Swing limits liquidation to the capital invested in a specific Swing order.
To manage risk and avoid liquidation, setting Take Profit/Stop Loss is recommended. If the market moves against your prediction, the order will auto-execute within the pre-set risk range.
Stop Loss (SL): The worst price within your risk tolerance. The order closes if the asset price hits or worsens beyond this level.
Take Profit (TP): The target price for profit. The order closes when the asset price hits or exceeds this level.