Luno Beta

saor

saor

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Activated beta mode - all that changes is the navigation interface? I can't get my head around why your charts and trading options are stuck in crude mode? Do you not want to update it, do you prefer it as simple as possible?

ch1.png

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No, those aren't advanced charts.
They're as basic as it gets.

Basic charts and still no advanced order types (stop loss, trailing etc.). It's like you want liquidity but don't want to make the changes people expect of an exchange in 2019 to bring that liquidity.

What's the deal @Lunomoney ?
 
saor said:
Activated beta mode - all that changes is the navigation interface? I can't get my head around why your charts and trading options are stuck in crude mode? Do you not want to update it, do you prefer it as simple as possible?

View attachment 676391

View attachment 676389

No, those aren't advanced charts.
They're as basic as it gets.

Basic charts and still no advanced order types (stop loss, trailing etc.). It's like you want liquidity but don't want to make the changes people expect of an exchange in 2019 to bring that liquidity.

What's the deal @Lunomoney ?
Click to expand...

I wonder why they cannot use TradingView charts - I just think they need an actual proper designer
 
Maybe the advanced charts are influenced by the BEE rating...
 
Perhaps the issue is simpler.

Big, bloated, dependency ridden code base. That makes deploying anything difficult if you solely use Microservices.
 
Believe it or not but Luno is more profitable the least amount of chart options given.

Educated traders do not make them more money than fly by night FOMO traders so the more traders they can keep who doesn't even use chart options the more profitable it is for them.

Ultimately Luno would prefer that every new client who signs up simply use the instant buy feature and not even the exchange orderbook.
 
They milk you on the fees alone - Lord knows how many times I have done instant buys and sells.
 
phly said:
They milk you on the fees alone - Lord knows how many times I have done instant buys and sells.
Click to expand...

In traditional markets the platforms seemingly doing the biggest turnover is those binary options trading platforms or in fact it should be called trading slots. The main reason is that it attracts gamblers and not traders and that attracting with minimal information generate huge clientele turnover but it sticks to the heart of gamblers who will keep coming back.

I seriously think that exchanges with the most extensive charting/trading information is probably also exchanges who have to the work the hardest to keep growing.

If you are a new comer to trading and want to pick an exchange the thing that will chase you away the quickest is when you are presented with a ton of options and information just making it clear how hard it actually is and that you are unlikely to become rich over night. This exact same trader would go to another exchange without all this information and lord only knows think that this exchange with less information is easier to make profit on.

Its a psychological wargame and in some crazy way that is the perceived outlook for idiots.
 
It seems VALR aggressive launch has caused Luno to start waking up and make updates lest it gets left behind by the new kid on the block. They just announced ETH to ZAR and vice versa direct conversion. Something that was missing and a welcome addition (I believe its open to everyone and not just beta users).
 
phly said:
It seems VALR aggressive launch has caused Luno to start waking up and make updates lest it gets left behind by the new kid on the block. They just announced ETH to ZAR and vice versa direct conversion. Something that was missing and a welcome addition (I believe its open to everyone and not just beta users).
Click to expand...
Live already?
 
Now let's hope they drop their ridiculous fees so it's in line with Valr.
 
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