Post
Topic
Board Trading Discussion
Re: How Do Price trackers Help You Make a Trading Decision?
by
CryptopreneurBrainboss
on 04/08/2019, 13:04:05 UTC
Hello everyone.

really interested in the question above because as I see, many traders don't use price trackers such as CMC and go directly to the exchanges where they prefer to trade. Or am I wrong?

You're not wrong and it's more advisable to use the exchange you intend buying the coins from especially if it's a reputed exchange that have huge trading volume. Price trackers are guilty of manipulating the price of their listed coins and for those who aren't into such practice, the price they display are usually an average trading price of that coin.

Depending on price trackers can also be misleading as most time the price tag on those sites are usually different from the actual price of the coin on the exchange you intend trading from and this could be as a result of they (price trackers) not including your exchange when calculating the price of the coins