Coinskool

. The major dump that followed, did shake out a lot of new traders and lasted till March
2020. The ongoing bull run has once again interested a lot of new traders. An overview of this
phenomenon clearly shows that traders with huge initial investment have the upper hand as
opposed to the majority of investors that have minuscule holdings. Therefore, these so-called
“whales” continue to dominate the markets and the average traders continue to flock toward
the FOMO in herds. Most of these traders, however, continue to lose purely because of their lack
of understanding of markets and technical analysis.
An urgent need is evident to level the playing field for the new traders, especially those who have
a small capital to start with. The need is even more prominent with the rise of leverage trading
which allows insane returns albeit with the risks of getting liquidated. A study on the number of
stop losses hit, in both spot and futures markets will be an interesting read for most of the traders
as it will help in understanding the risks in cryptocurrency trading and more importantly, the
methods of market manipulation adopted by groups. A well-informed investor with good
knowledge of technical analysis is likely to effortlessly ride through the bull and bear markets
while being free from the herd. A trader who understands the basics of the market, its
manipulations, and the tricks to navigate through these, is better off than a trader relying on calls
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from a few people. An informed and skilled trader is always making profits irrespective of the
market.
In this context, the present project Coinskool seeks to solve the problem of a huge gap in
cryptocurrency trading through a 3-product ecosystem. Our first product is named “TaSK” – a
platform oriented toward providing basic and advanced technical analysis tools and skills, handson training with real charts, and support for real-time trading. Moreover, it will keep the users
updated with the latest news in the cryptocurrency world and their possible impact on trading.
At the same time, it is designed to unlock rewards for users.