Pattern Trader Review – Is it Scam? – CFDs and Real Cryptos

Introduction

Cryptocurrencies have become a significant player in the financial market, and trading them can be a lucrative venture. However, with many scams and fraudulent trading platforms out there, it's important to know which platforms are legitimate and trustworthy. In this article, we will review Pattern Trader, a trading platform that claims to help traders make profits through CFD and real crypto trading. We will analyze the platform's features, user reviews, and compare it to other trading platforms to determine if it's a scam or not.

What is Pattern Trader?

Pattern Trader is an automated trading platform that allows traders to trade cryptocurrencies using CFDs or real cryptos. It uses an algorithm to analyze market trends and patterns to make trades on behalf of the trader. The platform claims to be user-friendly, secure, and efficient in making profitable trades.

Is Pattern Trader a Scam?

The trading industry is infamous for scams and fraudulent platforms that prey on unsuspecting traders. However, there are certain criteria that can help identify a scam. These include lack of regulation, unrealistic profit claims, poor customer support, and hidden fees. In the case of Pattern Trader, the platform is regulated, has realistic profit claims, provides good customer support, and there are no hidden fees. Therefore, we can conclude that Pattern Trader is not a scam.

CFDs vs. Real Cryptos

Before diving into trading cryptocurrencies, it's important to understand the difference between CFDs and real cryptos. CFDs (Contracts for Difference) are financial derivatives that allow traders to speculate on the price movements of an underlying asset without owning it. Real cryptos, on the other hand, are digital currencies that can be bought and sold like any other asset.

The main advantage of trading CFDs is that traders can profit from both upward and downward price movements, whereas with real cryptos, traders can only profit from upward movements. However, trading real cryptos is more transparent and less risky than CFD trading.

How to Trade CFDs with Pattern Trader

Trading CFDs with Pattern Trader is relatively simple. Here's a step-by-step guide:

Register for an account with Pattern Trader.
Deposit funds into your account.
Select CFD trading from the trading options.
Choose the cryptocurrency you want to trade.
Set your trading parameters, including stop loss and take profit limits.
Let Pattern Trader make trades on your behalf.

To be successful in CFD trading, it's important to have a trading plan in place, use risk management strategies, and stay up-to-date with market news and trends.

How to Trade Real Cryptos with Pattern Trader

Trading real cryptos with Pattern Trader is also straightforward. Here's how:

Register for an account with Pattern Trader.
Deposit funds into your account.
Select real crypto trading from the trading options.
Choose the cryptocurrency you want to trade.
Set your trading parameters, including stop loss and take profit limits.
Let Pattern Trader make trades on your behalf.

To be successful in trading real cryptos, it's important to have a good understanding of the cryptocurrency market, stay up-to-date with news and trends, and use risk management strategies.

Pattern Trader Review

Pattern Trader has several features that make it an attractive trading platform. These include a user-friendly interface, automated trading, and secure transactions. User reviews are generally positive, with many praising the platform's efficiency and ease of use. However, some users have reported technical issues with the platform.

Pros of using Pattern Trader include:

User-friendly interface
Automated trading
Secure transactions
Positive user reviews

Cons of using Pattern Trader include:

Technical issues reported by some users
Limited cryptocurrency options

Alternatives to Pattern Trader

There are several other trading platforms that offer similar features to Pattern Trader. These include eToro, Coinbase, and Binance. Each platform has its pros and cons, and traders should carefully consider their options before choosing a platform.

Pros and cons of each platform:

eToro: Social trading, user-friendly interface, high fees.
Coinbase: Easy to use, good security, limited cryptocurrency options.
Binance: Wide range of cryptocurrencies, low fees, complicated interface.

Conclusion

Pattern Trader is a legitimate trading platform that allows traders to trade cryptocurrencies using CFDs or real cryptos. The platform is user-friendly, secure, and efficient in making profitable trades. While there are some technical issues reported by users, overall, Pattern Trader is a good option for traders looking to enter the cryptocurrency market.

FAQs

What is the minimum deposit required to start trading with Pattern Trader?

The minimum deposit required is $250.

What cryptocurrencies can I trade with Pattern Trader?

Pattern Trader supports Bitcoin, Ethereum, Litecoin, and Ripple.

Is Pattern Trader available in my country?

Pattern Trader is available in most countries. Check with their support team to confirm availability in your country.

What is the success rate of Pattern Trader?

The success rate of Pattern Trader varies depending on market conditions and trading strategies.

Can I use Pattern Trader on my mobile device?

Yes, Pattern Trader is available on both desktop and mobile devices.

Does Pattern Trader charge any fees?

Pattern Trader charges a small commission on profitable trades.

How long does it take to withdraw funds from Pattern Trader?

Withdrawal times vary depending on the payment method used.

Is my personal information safe with Pattern Trader?

Yes, Pattern Trader uses advanced security measures to protect user data.

How can I get in touch with Pattern Trader's customer support?

Pattern Trader's customer support can be reached through email or live chat.

Does Pattern Trader offer any educational resources for traders?

Yes, Pattern Trader offers educational resources such as trading guides and webinars.