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    When it comes to choosing and programming bots, you must follow the basic rules of automation

    Automation does not mean the complete absence of human intervention. You still need to think about fundamentals and do due diligence.

    Large, time-consuming tasks that are fairly repetitive and cause unnecessary complications should be automated first.

    So what exactly can be improved with trading bots? Let's see.

    #1 Repetitive Tasks

    Repetitive administrative tasks require a lot of time and effort. A trading bot will allow you to virtually "copy and paste" specific tasks to facilitate trades. One of the clearest examples of repetitive cases where bots can help you is periodic rebalancing. If you choose to rebalance hourly, then you need to, as the name suggests, rebalance your portfolio every hour.

    So you have two options

    You can set an alarm to do it manually every hour and eventually go crazy.

    Create a trading bot and program it to rebalance your portfolio hourly until the end of time.

    No. 2 Timing of operations

    Timing and achieving a high degree of accuracy in trading are essential to a successful trader. Every trade you make can have a huge impact on your earning potential. Let's look at one example. Let's say that the price of Bitcoin is going down and we want to sell our position the moment it hits the $8750 support line.

    If you do it manually, you will have to patiently and carefully observe the price chart, and even then you may not have time to click on the button at the right time. The bot is quite easy to program to monitor the market and make a trade at the right time.

    #3 Day trading can be a full-time job

    We all have many daily responsibilities that can get in the way of sitting in front of computer screens and following price charts 24/7. Also, imagine the headache that would be if you had a really well thought out and diversified portfolio! The amount of research that you have to do every day can be overwhelming if you do it all alone.

    In addition, as we mentioned earlier, there are many repetitive labor-intensive tasks in the trading process. A trading bot can efficiently perform these repetitive tasks throughout the day and make the process much easier.

    #4 The market never sleeps

    As we mentioned earlier, the cryptocurrency market never stops working. There are literally thousands of exchanges around the world, providing their services 24/7. It sounds very good, but the reality is that the price can also change around the clock. Unfortunately, this means that in order to ensure that you are using your funds to the best of your ability, you will need to be awake at all times, carefully reading price charts.

    Since this is not possible for a human, you have two options

    Give up the maximum possible profit by exiting the market for a while.

    Enter the desired settings in crypto-robots so that they automatically execute strategies while you sleep.

    #5 Complications can be simplified

    Consider an example of "intelligent order routing"

    The idea is to trade across multiple trading pairs.

    Each individual trading pair is selected as carefully as possible in terms of the time of the transaction, the number of assets and the price.

    The entire process must be completed within a certain period of time until market conditions change.

    Sounds simple enough, right? However, the execution of such a transaction may be practically impossible. This is just one of many examples of complexities to consider when learning to trade. Some strategies are almost impossible to implement.

    The robot for trading on the cryptocurrency exchange makes it easy to automate the most complex strategies.

    If you have been following the crypto currency market for a long time, then you know what bitcoin options are. You can find a variety of options for bidding on the sale / purchase / exchange of a token here. This is an amazing site to learn more about trading on the crypto market, as well as to start changing your life for the better.

    The easiest way to earn money on tokens and coins is to purchase and long-term storage of assets. But this technique makes a profit only if the price of bitcoin and other digital currencies will grow. Trading on crypto exchanges gives you the opportunity to earn both on the rise in price of assets and on the reduction of their price. But the profitability of this method depends on the user's ability to predict the dynamics of tokens and coins. To do this, different strategies for trading cryptocurrencies on the stock exchange are used. Beginners need to learn all the methods of analysis and forecasting and choose the most convenient and effective.

    The main principle of speculative trading is to buy cheaper, sell more expensive. Regardless of the specific strategy, users on crypto exchanges work according to such a general algorithm:

    Choose a trading pair or a specific asset.

    Assess the probability of continuation or reversal of the trend.

    Determine the moment to open a deal.

    Create a buy or sell order (in stock slang, this is called a long or short position).

    Expect quotes to change in the right direction.

    They close the transaction after receiving the desired income, or if the operation will bring an unacceptable loss for the client.

    Did you know coinbase-includes-paypal? Now anyone can buy a cryptocurrency using the well-known calculation method. This is incredibly cool news and it seems to me that now people are more willing to invest in cryptocurrency. Personally, I am planning to buy myself a little dogecoin in the near future, because this cryptocurrency has begun to grow in price.