PS: USDT vouchers are at the end of this article
In this volatile market where prices change with a blink of an eye, executing orders manually and even through computers with human support is a slow process. Technology has evolved and with it, now trading bots have taken over to analyse the trends and execute the orders within microseconds.
Trading bots are not new in the market as they are being used in foreign exchange market, equities and other investments. Traditional players in the finance industry have been using them since ages to better execute trades and take advantage of the short but profitable opportunities.
Trading bots are software which recognizes the patterns of trade and execute them on their own based upon the set criteria feed into them as per the needs of the investors. Effectively, a trading bot is a set of parameters which when they meet certain pre-set requirements automatically execute buy and sell orders.
Trading bots are especially needed if you want to grow your portfolio and keep an eye on the fast-changing market. The opportunities to profit from the cryptocurrency market can come and go in a flash and if you are not prepared or aware of such changes on time, you can lose a lot of opportunities to make money.
It fills that gap and help you automate your trading and portfolio building without any of your active involvement. By using a trading bot, you can always be in control and can effectively avoid the volatility of the market by executing trades on time through the trading bots.
The basic methodology behind a trading bot is that it calculates the exponential moving averages in the market and execute the trades within a given time frame. It is not that the trading bots will be executing the trades or market matching all the time. It works on the basis of pre-defined parameters and if those parameters are met within a given timeframe when the bot is running, trades are executed.
But trading bots can also be manipulated by the exchanges to give an impression to the investors that the exchange is flooded with the orders. In technical terms, employment of the trading bots by the exchanges allows trading bots to trade with each other and create artificial liquidity in the market. By doing so, it appears that the exchange is actually having very high trading volumes and that they are booming. But in actuality, traders interact with the bots and betting against the bots, in the end, causes losses to the investors.
Besides margin trading, Fastcoinex has a number of other powerful functionalities key among them being the take profit and stop loss functionalities. You can use these functions to take profits automatically, or exit from a losing trade early.and it’s very useful to protect for assets!
Once you have made your money and want to withdraw your profits, just click on withdraw then insert your localbitcoins receive bitcoin address. You will receive your profits in your Localbitcoins address in under 30 minutes or maybe longer(it depends). Sounds great, right? Click on here to register you will get USDT vouchers to trade! We think you shouldn’t miss the chance,because it will close the promotion within a month!
Or here to get USDT Vouchers: http://bit.ly/fastcoinex-cryptorecorder-USDT-vouchers