Bullish Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Bullish trading signals. You will learn what kinds of trading signals Bullish offers and what the conditions for using them are.
Short introduction of Bullish
The Bullish exchange is an innovative platform launched by the Block.one developer company in November 2021. Initially, the exchange was focused exclusively on institutional investors. The goal was to enter the US stock exchange. The listing of the exchange has 6 coins such as BTC, ETH, EOS, LTC, LINK, and USDC. The daily trading turnover of the exchange is about $700-800 million. About 80% are BTC, and about 17% are ETH. In terms of aggregate indicators, the CoinMarketCap portal assigned the exchange a rating of 4.1 out of 10 of 82 places out of 526.
| 💰 Account currency: | USD, cryptocurrencies |
| 🚀 Minimum deposit: | 10 thousand dollars. |
| ⚖️ Leverage: | Up to 1:10 (in some cases) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
Bullish Pros and Cons
👍 Advantages of trading with Bullish:
•Unique platform technology: hybrid order book, multi-level protection of cold and hot wallets, and a mathematical algorithm that ensures price transparency, etc.
•Minimum commissions. There are no commissions for market makers.
•Regulation by its main regulator (Gibraltar) and subject to US financial law.
👎 Disadvantages of Bullish:
•Practically, there is no choice of cryptocurrencies.
•High entry threshold to the liquidity pool of $10,000 with a 50/50 money distribution in each currency of the pair.
•The payment method is bank payment only. Cards and e-wallets are not provided.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Bullish Trading Signals
Analysts at the Traders Union examined the trading terms of the Bullish Exchange. The tariff policy involves the division of investors into takers and makers, e.g., active traders and coin holders. For makers, there is no commission for all pairs except USDC/USD. For takers, the fee is 0.01%. For the USDC/USD pair, the commission for both categories of investors is 0.03%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.01% | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Bullish does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.