Crypto trading has become the hot talk of the town due to its money-making qualities from the market fluctuations. It may lead to losses instead of profits, but still, people are attracted towards it. Before trading in crypto market, it’s important for traders to do a lot of groundwork. But whenever they are aware of trading strategies and market trends, they can earn a good amount of money. Trading cryptocurrencies is a risky option, but if you can’t handle the thrill or the uncertainty of market then it is not a good ride for you.
While Bitcoin is not the only digital currency on the market, it is indeed the most popular and the first one. This cryptocurrency has become a gold standard within the crypto trading world. Some of the top ranking cryptocurrencies are Litecoin, Ethereum, Stellar Lumens, etc. Growlonix is one of the best crypto trading platforms that allows traders to place trades smartly and connects you directly to the major exchanges like Binance, KuCoin, Binance Futures, BitMEX, etc.
The year 2022 was the hard one for cryptocurrencies like Bitcoin, which had a massive fall down from its all-time high value of $68000 to a nominal value of $16000. And, for the crypto like Ethereum, this year has been great as the developers have launched its new and improved version 2.0, which is very fast. One thing that was consistent in the crypto trading world was the volatility of the market.
In the quest to earn good profits, traders invest in cryptocurrencies. However, it is a regular and highly time-intensive task to keep a strict watch on the movements and trends of the market. This requires extensive experience which is always believed to be for people who can make healthy and smart financial decisions with good profits. As the role of human beings is diminishing with the advancement in technology, algorithmic or automated trading is emerging to play a significant role in evolving the conventional crypto trading market.
With the carefully planned pre-defined instructions or strategies, automated trading carries out the human tasks. It uses intelligent algorithms to identify the best and right opportunities to buy or sell coins with higher accuracy. Algo trading has gained huge popularity in the crypto trading world and expert traders are reaping its benefits. So, seamlessly achieve all your crypto trading goals by utilizing the advanced crypto trading bots from Growlonix and the best crypto trading strategies.
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What is automated crypto trading?
Automated trading, also termed as algorithmic trading, uses automated trading software backed by algorithms to execute trading orders at a much faster speed. Investors and traders use trading software or crypto trading bots to place trades automatically. It has some pre-programmed trading instructions based on market research, time, and volume.
Once the set instructions are triggered, the trading software executes the orders preset by the trader. Generally, automated trading is used for the high-volume trades which are otherwise impossible for us to execute. This kind of trading uses AI (Artificial Intelligence) to build and monitor trading signals, send orders, and manage portfolios without any manual involvement. These algorithms use complex online markets and trading platforms to trade similarly to online trading.
Algorithmic trading can be a suitable investment option for the traders, provided you get a few things right which may include proper backtesting validation methods and correct risk management techniques. We are the best automated crypto trading platform helping traders to identify profitable crypto trading opportunities as well as the best entry or exit points. Additionally, this platform allows traders to mimic the trades made by expert traders via making use of copy trading/mirror trading.
Earn profits with an all-in-one platform
Want to make deposits with a particular cryptocurrency? There’s the best crypto trading platform for you which will connect you to different exchanges via making use of APIs. Growlonix, which offers automated crypto trading bots to the masses, has been keeping a close eye on the evolution of exchanges. And since its launch, it’s been determined to ensure that its products are available to all its users irrespective of which platform they use.
Growlonix aims to be an all-in-one crypto trading platform ensuring to enhance your crypto trading experience. Beyond bots, it also offers terminals and marketplace for copying the expert traders trades. The crypto markets work 24×7, and automated trading bots give you the ability to stay on top of the latest market moves even if you are sleeping.
Growlonix’s trading bots take automated trading one step further and thousands of traders are relying on this platform to catch market movements. Now, traders even have the chance to push their earning strategies further. They can make most out of the automated trading with margin trading offered by Binance exchange.
The users who are trading via Growlonix can take advantage of trading with leverage on Binance futures. While trading through Binance Futures, you will have the wide option to trade through different mediums like Margin options and Futures Trading, and you can do that at any time of the day. Futures crypto trading is the best option for those who can watch the future movement of any crypto asset’s price. And, at the same time it could be quite risky as it requires you to take the margin/leverage. Traders who intend to trade futures often enter into a futures contract and then decide the price at which they want to buy an asset.
So, if you want to be part of this new financial era of futures trading and take advantage of the crypto trading market, go for it via Growlonix. With each passing day, more and more trades are taking this opportunity to gain quick profits.
For crypto futures trading, the futures traders decide the price they want to buy/sell for the asset in the future when they enter into a futures contract. As a result, for futures, the price and date at which you purchase the asset are predetermined. Users will find it quite simple to switch when necessary because Binance Futures took care to make the trading experience as comparable to their spot exchange as feasible.
Binance Futures have introduced many different tools to trade automatically. And, one such popular way is grid trading. It enables automatic execution of buy and sell orders within a preset price range at the preset intervals. This kind of trading works well under volatile and stagnant market conditions whenever the price of a given crypto asset moves between predefined levels. Even in the lower time frames, the automatic trading tool may increase your chances of buying low and selling high.
With grid trading, the traders are not required to forecast the direction of trend rather they can determine a reasonable price range in the particular time frame to ensure that your strategy generates positive returns. We provide a set of preset or prebuilt parameters to help beginners take advantage of grid trading. Growlonix allows its traders to connect to Binance exchange via making use of APIs and place trades automatically.
Apart from this, the traders can use advanced take profit and stop loss function providing you a control over every single trade of yours. This could be considered as your exit strategy for each trade. These orders execute automatically once the prices set by you reaches at the predetermined level.
Growlonix offers the widest range of preset trading strategy, and trading bots which allow users to customize investing with some preset templates that are executed automatically when market conditions met those specific parameters. The platform allows you to use different bots like grid trading bots, DCA bot, Arbitrage bots, and more to automate your trades.
Benefits of automated crypto trading
With automated crypto trading, you can:
· Predefine your crypto trading strategies to execute trades automatically at any time of the day/night
· Recognize the most popular or the latest opportunities and analyze current market trends with a wide range of technical indicators
· Perform multiple trades in real-time, and eliminate any needs for manual execution After setting the several parameters of when you want to enter and exit trades, you can execute these trades ahead of time. Sometimes whenever you execute any kind of trade on a crypto exchange, there could be slippage — where the price you would like to enter or exit the market has changed due to the time it took to set the trade manually. But by choosing the right crypto trading platform like Growlonix and the best crypto trading bots, it can guarantee the speed whenever an order can be executed, while maximizing the final outcome.