Saturday, February 27, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Analyzing the Most Popular Crypto Automatic Trading Platforms

Sony T by Sony T
October 12, 2020
in Tech news
Reading Time: 4min read
A A
0
Role of cryptocurrency and Blockchain in changing Entrepreneurship
16
SHARES
213
VIEWS
Share on FacebookShare on Twitter

What is a crypto automated trading platform? Do they have advantages? You will find the answers to these questions in this article. Moreover, you’ll be able to decide whether it’s convenient for you to use one. But first, let’s answer the questions.

Trading on cryptocurrencies is not so simple. The crypto market is very volatile. Hence, investors need some knowledge and experience to make the right investment decisions.  This is why some experts in the crypto market have created computer tools that automate the decision-making process. Such tools use sophisticated algorithms to analyze the market. This way, they find good investment opportunities.

But relying on a computer program to make investment decisions is somehow risky. Thus, automatic trading platforms use such software to assist in decision making. Investors can customize the software to regulate the risk involved. This means that human oversight is possible to the degree that the investor decides. An example of such a platform is Bitcoin Revolution.

The software at the core of an automatic trading platform generally uses an API. The software performs trading operations automatically.  These trades have effects on the investor’s exchange account. The software will perform a trade only when it can meet the conditions set by the investor. There are many market parameters that the software takes into account. But it is the investor who ultimately decides the rules to follow.

ADVERTISEMENT

Should You Use a Crypto Automatic Trading Platform?

If you use one of these platforms, you can trade 24/7. This is an advantage. Another advantage is that you can adjust your trading strategy as you deem more convenient. You must choose the right platform for you. This depends on the level of experience and expertise you have. Some platforms are more suitable for experienced investors. They offer all types of customization to create a complex trading strategy.

But if you don’t have much experience, you can opt for a simpler platform. Some of them are so simple that you can give the necessary information to the software. Then, you just wait for the software to make some profit for you. In such cases, you don’t have much control over the trading strategy, though. You have to trust that the software developer knew what he or she was doing. As a consequence, the quality of such platforms can go from very good to very poor.

Some platforms don’t take into account some unexpected factors that can impact the market. This may lead to losses if one of those events happens. That is why human supervision is still necessary. Hence, it’s better to choose a trading platform that allows the customization of your strategy.

Advantages of the Most Popular Platforms

If you choose the right crypto automatic trading platform, you’ll enjoy the following advantages:

  • You can trade 24/7 without watching the market fluctuations;
  • The software can identify good opportunities and act immediately to profit from them;
  • There is no stress associated with trading. Often, stress leads to unwise decisions.

There are some risks involved with crypto automatic trading platforms too. Hence, to minimize such risks, try to choose one of the most popular and reliable platforms. The following are some of them.

Bitcoin Revolution

This is a very versatile platform. It is suitable for both inexperienced and experienced traders to make a profit. You can customize the software to follow your strategy. Once configured, the software can make investments automatically.

Bitsgap

This platform is cloud-based. It allows investors to operate with several trading accounts. The platform integrates many exchanges, which allows users to monitor all their holdings easily. The platform offers a large number of features and trading tools.

Cryptohopper

This is another cloud-based platform. The main feature of Cryptohopper is the so-called Strategy Designer. This allows investors to create their most convenient trading strategies. You can use many indicators (up to 30) to craft your strategy.

3Commas

This is another cloud-based automatic trading platform that you can access via desktop or smartphone. The main feature of this platform is the so-called SmartTrade terminal that allows the customization of your trading strategy over several crypto exchanges.

Tags: BitcoinCryptoCurrency
Share6Tweet4Share1Pin2
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Ankit Khanna Suraasa
Tech news

How Tech Leaders Can Help Shape the Future of K-12 Education with Ed-tech

February 26, 2021
The most interesting changes in programming – what happened in 2020?
Tech news

Are Online Coding Classes for Kids Worth It?

February 24, 2021
The-philosophy-of-smart-clothing
Tech news

The philosophy of smart clothing — why is it so important?

February 24, 2021
6 Ways How Blockchain Technology Helps Environmental Sustainability
Tech news

6 Ways How Blockchain Technology Helps Environmental Sustainability

February 23, 2021
Significant Role Artificial Intelligence in banking
Tech news

5 Crucial Improvements to Make on Your Bank’s FTP Framework

February 23, 2021
Increasing Amount of Screen Time Lawyers are Exposed to and Why Blue Light is So Dangerous.
Tech news

Increasing Amount of Screen Time Lawyers are Exposed to and Why Blue Light is So Dangerous.

February 22, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

Ankit Khanna Suraasa
Tech news

How Tech Leaders Can Help Shape the Future of K-12 Education with Ed-tech

by Srikanth
February 26, 2021
Aweber: Your Own Business Administrator
Marketing Trends

Aweber: Your Own Business Administrator

by Srikanth
February 26, 2021
MObile Apps
Mobile Tech

How On-demand Apps Can Improve Your Business

by Sony T
February 26, 2021
The most interesting changes in programming – what happened in 2020?
Tech news

Are Online Coding Classes for Kids Worth It?

by Sony T
February 24, 2021
The future of Artificial Intelligence depends on 9 companies
Artificial Intelligence

The future of Artificial Intelligence depends on 9 companies

by Srikanth
February 24, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.