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Posted by QKSEO on September 27, 2024 at 12:48pm 0 Comments 0 Likes
Posted by Michael on September 27, 2024 at 12:47pm 0 Comments 0 Likes
Posted by Free Coins on September 27, 2024 at 12:47pm 0 Comments 0 Likes
Nowadays, it isn't easy to do without a personal computer and an internet connection. Thanks to the new perspectives opened up by the development of information technology, trading, which was once
an activity reserved for the privileged few, has become accessible to the most
significant number. But technological development is not limited to
facilitating access to trading; it opens a new path for the independent trader,
which was previously reserved for banks and "hedge funds": that of
automatic trading.
All it needs can now be found on the internet: a broker, a platform you have selected, and a bit of ingenuity and work will allow you to make a trading robot work for you. However, all is not
so rosy, and don't imagine creating or buying a slot machine with just a few
clicks.
The algorithms trading existed for many years in the field of financial markets. Professional traders do more in hiding. Humans cannot monitor the various markets 24 hours a 24 and 7 days out
of 7, so they increasingly rely on systems automated trading (algorithms, bots,
or strategies). This is also the case in the field of crypto-currencies. There
are many advantages to using an automatic trading system, but what exactly are
they?
What are the advantages of automated trading over manual trading?
Discipline: Automated trading sticks to a predefined strategy to achieve set goals. At no time will human emotions enter the equation. For example, if the target was profit-taking of + 10% on an asset,
the bot will stick there and stop while a human being might be tempted to let
the asset go up even more, to have better profits, with the risk of losing
everything later.
Trade while you sleep: The other significant benefit of auto trading is that your bot/strategy will monitor the market 24/7 regardless of the time zone. You
are sleeping; your bot will still react to the slightest movement in the market
without needing you.
No need to be a pro: Trading based on technical indicators is not within everyone's reach, but thanks to the strategies developed by experienced traders, you can trade like the pros on
complex algorithms without needing to carry out technical analyzes to achieve
an optimal trade, the automated strategy takes care of everything.
Reaction time: Being reactive in trading is CAPITAL. Suppose an upward or downward movement is triggered, then every second will count towards profiting from it. If you are not in front of
your screen, there is a good chance that you will not be able to place an
order, while with auto trading, your bot can reach down to the second, whether
you are on an airplane or in the shower.
Diversification: Automated trading allows you to position yourself in dozens of different assets at once without having to monitor all of these markets one by one. You can also trade on various exchange
platforms. Diversification helps spread risk, and this is one of the keys to
success.
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