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The 10 Must-Read DeFi Trading Tips | NewsBTC

Away from the centralized hub of the current traditional financial landscape, a new financial movement, known as the Open Finance movement, is starting to boom. A movement established upon the decentralized space of blockchain and cryptocurrency. Imagine if you could lend or borrow money instantly or even obtain insurance all in a matter of minutes…

Away from the centralized hub of the current traditional financial landscape, a new financial movement, known as the Open Finance movement, is starting to boom. A movement established upon the decentralized space of blockchain and cryptocurrency. Imagine if you could lend or borrow money instantly or even obtain insurance all in a matter of minutes in a decentralized financial market.

Well, that is what decentralized finance (DeFi) is all about. The DeFi market as of September 11, 2020, has a Total Value Locked (TVL) of USD 7.94B.

Exploring DeFi and Its Applications

As mentioned earlier DeFi is based on decentralization and is made up of a series of financial services such as borrowing, trading, payments, lending, and much more. All these financial services are provided through smart contracts platforms like Ethereum, Fusion, BSC, and the blockchain network in general.

The rise of the DeFi economy can’t be swept aside any longer and Fusion is one of the key drivers of this inevitable rise. Fusion’s vision of an interoperable platform has endeared it to many DeFi projects.

Contrary to the traditional financial markets that are highly centralized, which in the end leads to various gaps in service provision, DeFi offers a decentralized global alternative that is accessible to everyone. DeFi simplifies financial services such as insurance, loans, and trading in a way that doesn’t require tons of documents, applications, and reviews. For example, a DeFi exchange platform such as Anyswap provides simplified token exchange in a way that users can easily swap one coin for another with a simple click.

The DeFi economy is accessible from various dApps built to provide users access to the Open Financial market. DeFi has several applications in many core financial areas like lending and borrowing, Staking, Decentralized exchanges (DEXs), Payment Services, and Insurance.

Lending and borrowing have always been a traditional financial hotspot, and it is no different for the DeFi economy too. Here you will find dApps like Compound Finance and MakerDAO dominating the market.

Another dominant DeFi service is the decentralized exchanges that offer decentralized trading via the utilization of smart contracts. This helps bypass third parties in the transaction chain as the smart contract provides an automatic matching system to connect the sellers with the buyers. We have DEXs platform like Bancor and Anyswap providing this service to end-users. The attractive selling point of a platform like Anyswap is the low fees, high rewards, and getting more token pairs.

Although trading on the DeFi DEXs platforms has been simplified for end-users, it still requires you to know at least the basics of DeFi trading, as it comes with its own risks and pitfalls that must be navigated properly. Here are 10 actionable DeFi trading tips that can help you navigate the DeFi economy with considerable success.

1. Do Not Go After Everything You See

Yield farming is the driving force behind the current bull market in the DeFi economy. That means there are bound to be several enticing DeFi projects. Many of them will start out good; however, not all will mature and go on to be successful. Some don’t even take off at all. With these increased new opportunities for trading and financial reward also comes increased risks.

A quick look at the recently failed DeFi project is a good example of how a project can quickly go under. A wrong line of code was all it took to bring down a project that offered so many promises. As a result, millions of dollars in investment were locked away.

The basic line is the market is full of many projects that look very appealing. However, bear in mind the many risks that abound in the market as well. All these projects require careful consideration and scrutiny. Trying to pursue every market opening is bound to make you lose everything instead.

2. Bad Projects Will Spring Up, Too

Every time the Defi economy becomes highly rewarding financially, frauds and scams are sure to spring up. As scammers try to get a slice of the cake and with the way the DeFi market keeps picking up pace. You can anticipate more nefarious players to come on board the DeFi space.

These scammers find a way to fork a well-known project that is likely to look appealing to the public. These bad projects rely on the popularity and success of the previous reputable project. The tip here is if an offer carries illogical risks and looks too good to be true, avoid it like the plague.

3. Great Data Results In Great Insights

Data is everything in the financial market. It is the pointer that helps you make a great decision and take calculated risks. Besides, you are just as good as the data you gather. That is why it is imperative you take in your data from reliable sources.

You might be wondering how to source for reliable data from reputable sources. Fortunately, quite a few open-source information centers provide tons of data for market analysis. As the current DeFi bull market is Ethereum centered, some of the following sources can come in handy in your quest for high-quality data.

We have Coingecko, the CoinMarketCap equivalent for the DeFi market. We also have DeFiPulse that provides information useful for monitoring DeFi stats. Reliable and reputable sources like these make DeFi market navigation much easier for end-users.

4. Familiarize Yourself With Metrics

Understanding the basic metric can help you familiarize yourself with DeFi trading and some of them are described below:

TVL is the Total Value Locked and the term represents the total number of assets held by every DeFi protocols. Volume is the number of coin/token being traded at a specified period; it could be a 20-day span, 2 days, or even a day. Then we have Fees also known as Gas Prices, which stand for the amount that is charged for every transaction that is done within a specific period. For Ethereum based DeFi protocols, you pay in Ethereum so that you can carry out successful transactions.

Another basic term you should be familiar with is the Dominance rate, which represents a DeFi asset’s market cap percentage of the total market cap of all DeFi protocols in the market. For example, we can say that the DEXs project market presently has a dominance rate of 35% in the DeFi economy.

Total or circulating supply, these two metrics are also important basics that you should know. The total supply represents the total number of coin/token that will be released while the circulating supply stands for the amount presently in circulation.

5. Watch The Gas Prices

Most DeFi protocols are Ethereum based and the recent surge in ETH transactions means you have to watch out for the gas prices. Given the number of users that are eager to participate in several DeFi projects, you should expect the gas prices to go up. Careful planning of your trading strategy can save you some Ethereum in fees.

You can make use of an exchange like Anyswap that is known for its low fees, which are 100000 times lower than what is obtainable in the market. You can also keep track of gas prices using the ETH Gas Station.

6. Get To Know The Decentralized Exchanges

The DeFi bull market has been aided very much by DEXes, which is why you need to get yourself familiar with them. For newbies, it will be very helpful to gather as much knowledge as you can about DEXes. This can be achieved through tutorials on DEX as well as demo trading. You can also begin trading with little money that you can afford to lose until you become more accustomed to DeFi trading. A good place to start includes platforms like Anyswap, Uniswap, Mesa, etc. Additional DEXes include Balancer, Kyber Network, Bancor, Curve, Matcha, and many more.

7. Watch Out For Volatility

Anybody familiar with the blockchain sector will be aware of market volatility. However, for newbie traders, this is something you must watch out for in DeFi trading. Prices can come down as swiftly as they spike up in this market. Having this in mind prevents you from been caught unaware.

This is not to say that severe volatility is the constant status of the DeFi market. However, it is better to be prepared for it.

8. Follow Communities That Align With Your Interest

Once you pinpoint a project to trade in, it is best you follow the communities with the same interest as you closely. You can do that by visiting mediums that host mass discussion for the project of interest. Social media is a popular platform where you can find thriving communities for various DeFi projects. Social media platforms like Twitter, Telegram, Discord, and Reddit are hotspots for DeFi communities. These platforms offer many useful data on several projects and also provide you the opportunities to connect with people of similar interests.

9. Be Security Conscious

As mentioned earlier in tip number two, security is essential to evade the series of scams that are sure to spring up in the DeFi market. Be security conscious even as you try to experiment with different projects. Be wary of dubious websites aiming to steal your credentials through phishing attacks. Look at the web address of the site you are visiting and ensure it is the real one.

Projects that offer what is too good to be true should be carefully scrutinized to avoid falling victim to fraud. You can also make use of a hard wallet to store your tokens securely. Your wallet’s seed phrase is exclusively for your personal use. Do not share it with anybody and do not type it online carelessly. Dodge shady DeFi projects and websites.

On matters that are not clear, seek clarification from legitimate sources to help you make informed decisions.

10. Recognize The Risks

As exciting as DeFi projects are, you must know the classes of risk that comes with them. This will help you navigate this economy properly. Regulatory risk has to do with the decentralized nature of DeFi projects. Each one has a different level of decentralization, which makes it difficult to track all the claims made by the project.

We also have the volatility and collateralization risk. This kind of risk is more associated with lending and borrowing. It refers to certain collateral risks on loans. In some cases, the use of over-collateralization brings down volatility risk. However, that can backfire if the value of the collateral falls sharply.

Smart contract risk is the risk the DeFi protocol itself carries. A lot of these protocols are newly built and still require time to undergo rigorous testing and use to be deemed secure, safe, and successful. Therefore, the interaction between the series of DeFi protocols means the risks involved increase. So in case one protocol has a smart contract bug like the bug, it could expose the whole system or cause it to shut down. It is advisable to wait out the early stages of any project or put in a small amount you can afford to lose.

However, another sector of the DeFi market can help edge out these risks and that is DeFi insurance. You can explore DeFi insurance platforms like Nexus Mutual.

Final Thought

The act of trading is delicate and requires careful planning and considerations so as not to run into losses. Given that the DeFi economy is very large and ever-expanding, it calls for making informed decisions every step of the way as you trade. That way you can protect your investment and steer clear of bad investments.

We’ve had millions of dollars already invested in the massive potential of the DeFi economy with some yielding returns and some resulting in losses. The huge potential of the DeFi market means it will experience even more investment. Therefore, keeping up to date with various trading information and tips can give you the upper hand in investment decisions hence, ensuring a better chance of trading successfully in the DeFi market.

Photo by Chris Liverani on Unsplash

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Broker Reviews

Sollari Review – top 75 Broker ?

Sollari review

Sollari Review

Sollari is a global forex and CFD broker with trading platforms that is suitable and fully functional for all devices.

This is a good option for all levels of traders, although the product portfolio is average, and there is an inactivity fee to be aware of.

Initially formulated in 2023 to provide a robust forex trading platform, Sollari offering to include CFDs, indices, shares, commodities, and cryptocurrencies.

Sollari has several trading tools and features designed to make your trading experience as smooth as possible. The trading platform, has been heralded as a simple and convenient platform without losing the functionality you would find at MetaTrader 4. Some education is also available through the trading platform, and highly responsive customer service is available 24 hours a day.

Please read my full Sollari review for further details of this forex broker so you can decide whether Sollari can meet your needs.

Who is Sollari?

Sollari is a global forex, spread betting, and CFD online broker. Sollari is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets. In a continuous effort to give their traders a more comfortable and safe trading experience, their experts have been improving their service and solutions ensuring traders have the freedom to trade whenever and wherever they like.

 They are headquartered in Kingstown, St Vincent and the Grenadines. with offices in Milan, Nassau, Sofia, and Luxembourg and are authorized and 

Sollari product range overview

The product range at Sollari is average compared to other brokers. They offer a solid selection of currency pairs and CFDs, no futures CFDs, and an average number of commodity and stock index CFDs. additionally they do offer leverage trading on the main cryptocurrencies.

Sollari Range of Market

Sollari Range of Market

Forex trading

More than 50 Forex pairs are available at Sollari with no commission and some of the tightest spreads in the industry.

Indices and Financial Trading

Indices and financial CFDs have flexible margin requirements and low spread , representing some of the industry’s best spreads. There are no overnight or hidden fees of any description to worry about.

Commodities Trading

At Sollari, there are several commodity CFDs, including metals and energies.

Share CFDs Trading

Trade more than 100 company shares without ever owning the underlying security. At Sollari, you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.


Sollari Accounts

There are five trading account options at Sollari. Of note are the Professional Trading Account and the Islamic Trading Account. There is also a free demo account from where to practice your trading.

Free Demo Account
You can select from the free demo account which platform you would like to practice trading on their trading platform. You will immediately receive $100,000 of virtual funds, which can be used to familiarise yourself with the financial markets and forex and CFD trading.

Islamic Account
This is a Shariah-compliant Islamic account which includes many features that are in keeping with Sharia law.


See here the overview of all the accounts.


MINIMUM DEPOSIT$5,000$10,000$25,000$100,000$250,000+
ORDER EXECUTIONInstantInstantInstantInstantInstant
ACCOUNT MANAGERyesyesyesyesyes
SPREAD, PIPSFixedFixedFixed & Floating, VariableFixed & Floating, VariableFixed & Floating, Variable
QUOTATION (NUMBER OF MARKS AFTER POINT)5 marks5 marks5 marks5 marks5 marks
MAX. TRADE SIZE10 lots20 lots40 lots50 lots100 lots
MARGIN CALL LEVEL40%40%40%40%40%
STOP OUT LEVEL30%30%30%30%30%
TRADING PLATFORMall devicesall devicesall devicesall devicesall devices
CUSTOMER SUPPORT24/5 support24/5 support24/5 support24/5 support24/7 support

Sollari Trading Platform

Sollari provides a web, desktop, and mobile trading platform on their trading platform, which is provided by the High-tech software provider “easytech”.

This trading platform has an excellent reputation among traders. 

Sollari Trading Platform

Sollari Trading Platform

web trading platform

The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. The web trading platform falls short because of its lack of social trading; however, it is well-designed with several useful features.

There is a two-step login for additional security, and you can search for an asset using its name or by category. Order types include:

I was impressed with both the portfolio and fee reports which were comprehensive and easy to use, with clear information on commission, swap fees, and performance.

There are also the following useful features available on the trading platform:

Trailing stop

Trailing the position of a current price can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works similarly to a stop order but in a more controlled way that aligns with movements in the market.

Market Sentiment

This allows you to closely monitor movements in the market using data from other traders concerning a specific instrument.


This allows you to mitigate risks by investing in the same product in a different direction.


Real-time charts provide up-to-the-moment information, including historical trends, forecasts, and current trends.

Sollari mobile trading platform

The mobile trading platform is in keeping with the web trading platform, with much of the same functionality. 

The actual design is well laid out and easy to use with customizability. I found the mobile app fast with personalised watch lists and the ability to open positions directly from real-time charts.

There are price alerts that include statistical alerts, which can be monthly or yearly for currency pairs, indices, etc. Clicking on the alert will automatically open the app on the instrument.

Sollari desktop trading platform

Use the desktop platform. This platform is designed with professional traders in mind, leaving the webtrader as an alternative for beginners and intermediate traders.

There is excellent customizability, some good search functions, and a choice of several languages.

There are several tools and technical indicators designed to enhance your trading activity.

Sollari customer service review

Customer service is excellent at Sollari, with immediate response times across multiple channels.

There are several channels for contacting customer support, including phone and email. When I tested their service, my query was dealt with immediately without even the intervention of a chatbot. The service provided via email and phone was similar, with fast, relevant responses to my queries. Customer service is provided 24/5, which is above average.

Sollari is opening an account.

The account opening process is straightforward, fully digital and quick. You will need your ID.

To open your account, you should first decide on the account type you wish to open

Then you can follow these quick and easy steps:

  • Select your country of residence
  • Add personal information, including name and email address
  • Choose a password
  • Enter your home address and tax residency
  • Complete some simple questions relating to your trading experience
  • Fill in information pertaining to your personal finances, such as income and savings and employment status
  • Select your base currency
  • Upload your ID documentation and proof of address, such as a utility bill or bank statement.

Sollari Deposit and Withdrawal

Deposits and withdrawals and essentially free, and the minimum deposit is high compared to what you would find at other brokers.

Before making your first deposit, you will need to choose between the following base currencies:


Deposit options include:

  1. Bank transfer
  2. Credit and debit card
  3. Cryptocurrency

The minimum deposit is $5000, which is high compared to other brokers. There are no fees should you choose to deposit via bank transfer from your bank account.

Bank transfers take several business days.

Withdrawals can be made using the same methods accepted for deposits, and there are no withdrawal fees for electronic wallets and credit/debit cards. 

Sollari safety

Sollari is not regulated by the Financial Conduct Authority (FCA) but is performing full due diligence to comply with AML regulations.

In addition, all client funds are held in segregated bank accounts to protect those funds should Sollari go bust.

The Sollari negative balance protection protects client funds should their balance go negative.

Sollari fees

Sollari has low CFD and forex fees and average non-trading fees.

Fees can be separated into two main categories for a CFD and forex broker: trading and non-trading fees.

Trading fees

The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or a financing rate.

Spreads differ between the bid and ask price for a foreign currency price. Here’s how Sollari spreads compare against some other forex brokers:

Non-trading fees

Sollari has low non-trading fees as they do not charge deposit and withdrawal fees, and there is no account fee.

Inactivity fees are charged. There are inactivity fees to be aware of. However, these will only kick in once your account has been inactive for several months and you have a positive balance.

Who is Sollari suitable for?

Sollari is suitable for all levels of traders looking for a solid trading platform and very competitive spreads.

The selection of account types is aimed at both retail and professional investors.

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Demo Trading

The Advantages and Negatives of Forex Demo Trading

trading on the demo account

Intro to Fx Demo Trading

Despite the placement as the planets greatest monetary market, the forex marketplace only became easily available to retail traders in latest years because of the introduction of sites based trading via on-line forex brokers.

Aspiring forex investors can right now make use of digital trading systems – like the extremely well-known MetaTrader software program
(offered as a free of charge download by MetaQuotes Software program Company ) to access the large forex market thou they might trade only in very small amounts themselves

The majority of on the web brokers will support MetaTrader and could also provide their own proprietary platforms or web-centred dealing interfaces.

These types of systems typically enable traders to do a quick overview of the currency marketplace and maybe carry out some specialized evaluation, in addition to permitting them to gain access to trading necessities like purchase access and deal delivery for a wide selection of foreign currency pairs.

free of charge fx practice account

Like a common way of motivating forex investors to use their offer setup solutions and first deposit funds with them to make use of as trading accounts perimeter, many online forex brokers will offer a free of charge fx practice account to potential or existing clients.

Referred to as a forex demonstration accounts, such unsecured debts enable a trader to encounter a hands-on demo of what seems prefer to trade currency pairs in the forex market with this broker without placing any actual money at risk.

Although using a FX trading demo account has several benefits for traders, some tricks are well worth talking about because the technicians of getting into a demonstration operate and the producing emotional responses an investor can possess while controlling it can differ significantly from the encounter of live forex trading utilizing their personal hard-attained money.

Additional common demonstration accounts circumstances which make them vary considerably from an actual cash financed account include broker-imposed period limitations and set debris of virtual foreign currency.

The subsequent areas of this content will talk about starting up an on the web trading demo accounts, in addition to probably the most significant benefits and negatives of using a demonstration forex account in comparison to utilizing a live fx accounts for trading foreign currencies.

Starting Up a Free of charge Forex Demonstration Account
Simply about any trustworthy fx broker will allow potential and current customers to open up up a demo account with them free of charge to enable investors to practice currency trading using digital money.

Demo accounts traders frequently also get access to at least a few of the broker’s customer providers and consumer support personnel to ensure that they can obtain a much better feeling for what coping with the broker will end up being like when they determine to finance a trading account with genuine cash.

Investors desperate to open up a demonstration trading accounts can typically get around to the site of one or even more forex demonstration brokers and adhere to guidelines shown there for opening up a demo or practise account with the brokers they select.

Selecting the greatest fx demo accounts for your requirements might require critiquing those provided by a number of online brokers with different features in order to make an knowledgeable decision which broker is the best partner for your start.

When starting a demonstration account, you may even require to choose a quantity of virtual money to fund the demonstration accounts with and get into some personal data to determine yourself with.

In case you feel worried about offering your true personal data to a broker you are will to try not really you have more freedom as no documentation is required for this in general, the moment you open a real account your KYC documentation will be needed for compliance and this protects the broker as well as the traders from money laundering and fraud. 

You can also open up a new e-mail account to get communications about the demo forex account if you are concerned about getting your personal email address offered to third celebrations like digital email entrepreneurs.The Advantages and Negatives of Forex Demo Trading


Pros of Forex Demonstration Trading Demo_trading_advantages

The two beginner and experienced forex investors regularly make use of demo accounts to rehearse trading currencies and check out a fresh broker or trading strategy.

Some of the more common advantages of interesting in forex demo trading consist of the following:

Observe if You Like Trading Foreign currencies

Those fresh to trading foreign currencies or trading generally can use an fx demo accounts to find if they are psychologically and psychologically appropriate to the bustle of trading forex. Everyone is usually different, and some people might actually appreciate trading currencies, as the activity might not match others’ preferences, personas or lifestyles at all.

Operate Forex without Risk Whilst Learning or teaching how to trade

– Beginners who are still learning how to operate foreign currencies frequently experience substantially even more assured putting their real cash in danger in the marketplace if they have an opportunity to try points away from 1st. A demo account allows them to place their training into practice in a near to actual existence environment without placing their genuine money at risk. This enables those to make common beginner’s mistakes while they find out without needing to spend for the effects out with their very own bank.

Practice Great Cash Administration Methods –

One of the secrets to taking pleasure in long-term success when trading forex requires learning to apply well-established cash administration concepts. A demonstration accounts allows a brand-new or skilled trader to practice such methods completely on true exchange rate actions and see on their own how the common benefits accumulate to their demo account in digital money earnings.

Find out to Control Your Feelings When Trading –

Probably the most difficult elements of trading for many people consists of learning how to control their psychological reactions to earning and shedding deals in such a method that it stimulates overall success. Dealing properly with normally regular mental replies to producing and losing cash – such as dread, avarice and wish – can often differentiate the effective fx investor from the loss.

Check a fresh Trading Technique Without Jeopardizing Actual Money –

Smart experienced traders and beginners as well will generally wish to check the achievement of any new trading technique they arrive plan before applying it in a live trading environment. This kind of enables them to accustom themselves to pursuing the program and also to function out any insects in it that may become obvious while using it as real exchange price movements happen.

Try Out a New Broker’s Trading System –

Unless you are utilizing the Mt4 system that a great deal of on-line forex brokers support, you will most likely want to make use of a demonstration accounts to observe whether a fresh fx broker’s private internet or client structured trading platform is usually ideal for your trading requirements.

Examine if a Fresh Broker Offers Useful Features and Solutions –

Fx Brokers keen to possess you open up a live trading account with them will frequently provide demonstration investors gain access to their unique customer features, educational and information services, and customer support departments. This can be a great method to examine your quality of the broker’s general solutions before carrying out any actual trading money to ensure they are the type of trading partner you will need keeping your accounts.

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Broker news

Donald Trump blasts ‘fools’ who oppose good Russian ties

US President-elect Donald Trump has posted a progression of tweets censuring the individuals who contradict great relations with Russia as “‘dumb’ individuals, or nitwits”.

Mr Trump promised to work with Russia “to comprehend a portion of the numerous… squeezing issues and issues of the WORLD!”

His remarks came after an insight report said Russia’s leader had attempted to help a Trump race triumph.

Mr Trump said Democrats were to be faulted for “gross carelessness” in permitting their servers to be hacked.

In a progression of tweets on Saturday, Mr Trump said that having a decent association with Russia was “no terrible thing” and that “lone “idiotic” individuals, or simpletons, would believe that it is awful!”

He included that Russia would regard the US increasingly when he was president

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