Tycoon (TYC)

What is Tycoon

Tycoon - the first Social Trading platform developed by Professional Traders.If you read this then you have probably been for the lookout for a Social Trading platform that is focussed on Crypto. And you probably have tried some solutions that did not satisfy you. That is exactly where Tycoon is coming from. As Professional Traders the founders of this project have evaluated all available Social Trading Platforms for personal use, but were unable to find a solution that has been developed with the Trader in mind. Most of the existing solutions do not meet the needs of Professional Traders. As a result there is weak adoption and limited use for Retail Traders. Our aim is to entirely change this game.

Issues with existing Social Trading Platforms.

If a Social Trading platform is not able to tick the boxes that Pro Traders are looking for, then there will never be a real adoption by them. And without having a threshold of professional traders that are using the platform on a daily basis, there is limited use for Retail Traders who want to copy the trading strategies of the Pro‘s. Therefore the founders of this project decided to develop their own platform that addresses all those needs, ensuring to meet the demands of professional traders to achieve real adoption. Only if Pro Traders adopt the platform it can become beneficial for a Retail Trader who is new to the game or want to explore the tactics and strategies that more experienced traders are using to understand what makes them successful.

Trading Crypto Currencies for profit is more challenging than trading stocks or traditional currencies, and even in traditional markets there are approximately less than 10% of traders who beat the market consistently. While the Crypto Currency Market offers an easier entry for less experienced traders, there are many more pitfalls than one would encounter trading in traditional markets. Most Retail Traders who begin trading in Crypto Currencies therefore experience that it is far easier to loose than to win, especially if you trade lower time frames. You need to be glued to your computer 24/7, not only observing all technical indicators but also monitor the developments and events in the market closely. More often than not you can witness the value of Crypto Currencies plummeting despite all technical indicators signaling buy opportunities.