Trading cryptocurrencies has become one of the most exciting and dynamic areas with unbelievable profits. The emergence of crypto assets and blockchain technology has created many amazing opportunities for the investors to earn profits from the volatility of the crypto trading market. However, with an increasing number of crypto coins and the trading strategies, it has become quite difficult for traders to watch the market trends and make informed decisions.
By utilizing a crypto trading bot, traders can automate their trades based on some predefined set of rules and parameters. These are the software programs which streamline the buying and selling process of digital assets. Let’s have a look at some popular crypto trading bots and automated crypto trading methods supported by the best trading platforms:
What is automated crypto trading?
With the market fluctuating hourly or within seconds, it’s important for the traders to monitor their positions and make decisions quickly. What if this process could be automated? Let’s understand how automation works in the crypto trading sphere.
A form of algorithmic trading, the automated crypto trading process involves the computer/software program to execute trades according to the preset criteria. The automated system eliminates the need for a trader to monitor their positions or react to the quick market movements. Instead, they can set the parameters and let the trade run automatically.
Growlonix is one of the best automated trading platforms that can provide you with an understanding of how crypto works. Here you can make use of different automated trading methods like crypto trading bots, copy trading, signal trading, etc. The platform’s intelligent trading system aims to remove human emotions out from crypto trading by enabling them to set up strategies and making use of advanced tools to perform profitable trades.
Fundamentals of automated trading
The first thing which you will need to do while automating your crypto trades is choosing the right trading platform like Growlonix. Set up your account there and try to make some test investments. Once everything is running smoothly, it’s time to choose the right trading strategy and bot. We are one of the best trading platforms, allowing its traders to choose from a variety of different trading bots to automate their trades. The platform also allows its traders to customize their trading strategy.
The trading bots trade on behalf of the trader based on the algorithm. Most bots make transactions automatically. The key advantage of considering automated trading is that there will be no delay in any transaction. As soon as there is a change in market trends or price movement, the bot responds quickly. Crypto markets move very quickly which means you must be ready to respond to the market conditions, and here the bot will perform on your behalf and place trades based on what’s happening in the market.
Another popular method that comes under the sphere of automated crypto trading is trading signals. Automated trading signals have become a popular and profitable method providing new ways to the traders who are actually involved in the cryptocurrency world. Make sure to choose the right crypto trading signals provider before placing any trades. We at Growlonix as offer genuine signals to the traders to place trades via Telegram channels. You may find some crypto trading signal providers online who are offering signals for free, but make sure to join the paid ones.
Benefits of automated crypto trading
By considering automated crypto trading, you can:
- Execute trades automatically at any time of the day/night by predefining your trading strategies
- Perform multiple trades at a time in real-time, and eliminate any requirements for manual execution of trades
- Identify the most profitable or the latest opportunities, and analyze current market trends with a wide range of technical indicators
After setting the different parameters and predefining the strategies about when you want to enter and exit trades, you can execute these trades in advance. Sometimes, whenever you execute any kind of crypto trade on a crypto exchange, there are some chances of slippage, which means that the price value that you have chosen to enter or exit the market has changed due to the time it took to set the trade manually. But by making use of the best crypto trading bots at Growlonix, your order will be executed automatically.
Crypto trading bots
Well, if you are not a beginner, then you must have listed the term trading bot. A crypto trading Bot is an automated program that operates over the web via third-party trading platforms and performs repetitive tasks. They generally perform different tasks on behalf of the trader in a smarter way. Trading bots usually automate several aspects of the market trends, analysis, and perform trades based on some particular signals like trading volume or price changes. The major role of trading bots is data analysis, market risk prediction, and buying/selling of assets.
Trading bots use APIs to execute transactions strategically. These are the automated tools which collect data from multiple resources and interpret it to evaluate which crypto coins will let you earn profits and are the best ones to trade at a specific time. These bots automate crypto trades and generate passive income as per predefined conditions and some preset rules.
How trading bots are used?
- Bots generally automate the trading process, and therefore, traders have enough time for other tasks
- Bots react very quickly to the market so this is a significant advantage over manual trading
- Some bots take advantage of the price discrepancies of cryptocurrencies in the market across multiple exchanges
Growlonix is one of the best crypto trading terminals, offering bots for different exchanges with amazing features. Some of the popular bots offered by this platform are Binance bots, grid trading bots, signal trading bots, copy trading bots, Bittrex bots, etc.
Make profits with an all-in-one platform, Growlonix
Want to place trades on a particular cryptocurrency to earn good profits? Well, you are at the best place. Growlonix is one of the best trading platforms which will connect you to different exchanges via making use of APIs. Here you will experience automated crypto trading via trading bots which further keep a close eye on the evolution of exchanges. And since its launch, it’s been determined to ensure that all the major products are available to all its users, irrespective of which platform they are using.
We aim to become an all-in-one crypto trading platform, ensuring to enhance your crypto trading experience. Apart from bot trading, we provide the best marketplace for copying the expert traders’ trades to help beginners trade in a smarter or profitable way. We all know that the crypto markets work 24×7 and making use of automated trading bots will give you the ability to keep an eye on the latest market moves even if you are sleeping or away from the system.
Growlonix’s trading bots perform well on all the major exchanges and take automated trading one step further. Thousands of traders and investors are relying on this platform to catch the latest market movements and making the use of advanced tools to perform trades profitably. So, if you want to be part of this new financial era of futures trading of the crypto trading world, or you want to take advantage of the market movements, go for it via Growlonix.
We all know that automated crypto trading is not a kind of magic, and if you play smartly with this, it will keep volatility in check and frees a trader from any kind of risks. This is a solid tool/strategy to simplify the whole crypto trading process. Using different automated trading strategies and making use of crypto trading bots optimizes the whole trading process. Growlonix is one of the best trading terminals supporting automated trading by making use of different methods and tools which can be customized as per your trading strategy.