Gemini 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 Gemini trading signals. You will learn what kinds of trading signals Gemini offers and what the conditions for using them are.
Short introduction of Gemini
The Gemini exchange is a crypto trading platform featuring all major cryptocurrencies and tokenized assets, including Bitcoin, Litecoin, Ether, Bitcoin Cash, and the company’s own stablecoin Gemini dollar (GUSD) that is backed by the US dollar. The platform has a proprietary trading terminal with a mobile version, which, unlike the terminals of most exchanges, is not an adaptive version of TradingView, but a completely proprietary development with original functionality. Each user is provided with a multi-currency e-wallet with an innovative data protection system. The Gemini Earn investment program allows you to earn up to 7.4% per annum on simple cryptocurrency storage. The company has the so-called Cryptopedia, which is a detailed article on the basics of crypto trading and investing.
| 💰 Account currency: | Cryptocurrencies, USD |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, USD |
| 💹 Margin Call / Stop Out: | No |
Gemini Pros and Cons
👍 Advantages of trading with Gemini:
•trading all major cryptocurrencies, plus USD;
•large trading volumes, with no restrictions on strategies;
•investment program with a large annual interest;
•Gemini Pay allows you to pay with cryptocurrency in stores;
•high level of user data security;
•the company is regulated as a New York State Trust Company;
•prompt withdrawal of funds, all main deposit and withdrawal channels;
•the company has an insurance fund for traders;
•many educational materials (including video lectures).
👎 Disadvantages of Gemini:
•among crypto-fiat pairs, they have only pairs with USD;
•non-standard trading terminal (a beginner will need time to learn it).
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.
-
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.
Gemini Trading Signals
Commissions for each trading pair are determined by the user’s gross trading volume in US dollars or its equivalent across all Gemini Exchange Continuous Order Books, Auction Order Books, and Locked Trades during a 30-day sliding window. The commission is recalculated every day at midnight UTC (7:00 pm EST/8:00 pm EDT) and applies to all orders from that point onwards.
All orders placed through ActiveTrader are subject to trading level (trading volume) fees. There are ten trading levels. At the lowest - the first level has a practically zero trading volume. Thus, the taker’s/maker’s commissions are 0.35%/0.25%, respectively. At the highest, the tenth level with a trading volume of USD 500,000,000, the taker’s/maker’s commission is 0.03%/0.00%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.3% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Gemini 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
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
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.