Spectre: http://spectretrading.com is a blockchain trading platform that was launched in April 2018. Spectre has removed the broker and replaced it with a decentralized liquidity pool. You can trade directly from your crypto wallet which means you never have to fund your account and you never have to ask for a withdrawal.
Spectre is not your run-of-the-mill binary option/forex operator promising to revolutionize the industry through various "magic" solutions to problems that do not even exist. No. SPECTRE (which is short for Speculative Tokenized Trading Exchange) offers very serious solutions to fundamental problems plaguing the digital options and Fx trading industries. The more one reads into the Spectre whitepaper - which is featured at their site - the more obvious it becomes that if Spectre manage to follow through on their very ambitious plans, they may in fact disrupt and forever re-define the entire online binary option and forex trading industry. The concepts brought to the table by the Spectre team are extremely intriguing.
Spectre is a never-before-seen kind of digital (binary) option provider, marrying off blockchain technology - together with its smart-contacts ramification - with speculative derivatives trading at first, and then with classic fx trading further down the line. It is the fact that it sorts out every problem currently associated with the binary option scene that makes the operation so special.
We can beat about the bush all day in this regard, but there is no denying the fact that the binary option trading industry is plagued by distrust. At a closer look, that may actually be an understatement. The current model pushed by the industry actors is so fundamentally flawed that it is unworkable from a realistic perspective.
The conflict of interest on which this model is indeed based, cannot be defended by any rational and honest/objective person. We have a setup, in which the broker essentially trades against its own clients, on its own platform, where it controls the way the prices are made. Furthermore, it has full and unfettered control of the user's funds, and in some instances, it even dispatches its employees to "help" the clients it goes up against.
As incredible as it may sound, Spectre effectively addresses every single one of those problems. The blockchain based trading model it has set up, is simple and entirely feasible.
As its first step towards revolutionizing the binary option trading model, Spectre removes the source of all the above described conflicts of interest from the equation: the broker.
There are four distinct elements in every digital option/fx trading setup: the trader, who is the source of funds in the equation, the liquidity pool, which - according to the current model - is maintained and fully controlled by the broker, the broker, and the trading platform, where the actual price-making and trade execution occurs. Of these elements, the broker controls everything.
Obviously, once the trader contributes to the liquidity pool through a deposit, he/she too will come under the control of the broker. Placed in such a position of overbearing authority, the broker can take advantage of a series of avenues for abuse. Since 100% of trader losses are 100% of its revenues, it is in the interest of the broker to have its traders lose as much as possible. In this regard, it can exert influence over the trader through its "account managers" who provide faulty advice and who will often not refrain from directly tampering with the trader's balance by making trades in his/her name.
Having control over the liquidity pool, the broker can simply resort to refusing to honor withdrawals. Aggressive sales tactics are also used to trick traders into depositing more instead of withdrawing.
Price making and trade execution is another wide-open opportunity for the broker to defraud its clients, by tampering with the price feed. Knowing all the above, it's easy to see how the majority (70-90%) of traders lose money through these brokerages. In fact, it is surprising that the above ratio is not 100%. Making use of the capabilities and nature of the Ethereum blockchain, Spectre.ai closes all those avenues for fraud.
online trading, 2018 day trading, financial trading, trading online, how to trade online, online day trading, day trading for beginners, beginners online trading, day trading success, day trading tips, day trading strategy, day trading success, scam broker
online trading profits,
best online trading site,
online trading academy,
online trading for beginners,
online trading courses,
online trading academy reviews,
online trading academy locations,
online stock trading,
online trading for dummies,