By trading on TradeX, users predict the outcome of a future event. This information helps other traders on the app to understand the markets. Based on user’s information and insights about markets, they can earn on the app.
Opinion trading can turn out to be a lucrative career (as long as you do it properly). But it can also be a little challenging for novices—especially those who aren’t fully prepared with a well-planned strategy. Even the most seasoned traders can hit rough patches and experience losses.
The profit potential of opinion trading is an oft-debated topic these days. Internet opinion-trading scams have lured amateurs by promising enormous returns in a short period of time. Unfortunately, the idea that this kind of trading is some kind of get-rich-quick scheme persists. Some people trade without sufficient knowledge. But there are traders who make a successful living despite—or perhaps because of—the risks.
It has become difficult to manage everyday expenses from your salary and then save some with the ongoing events of the world. TradeX allows you to hedge some of those risks of life by trading on ongoing events of the world. Let's say you're invested in the crypto markets and have not seen the numbers go up in a while. While Bitcoin goes below $20,000, you might not. Trade on intraday events related to the $BTC range for each day and make upto 2,00,000 INR everyday.