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    Home ยป What is auto-trading and how to choose the best trading bot?
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    What is auto-trading and how to choose the best trading bot?

    AdminBy AdminSeptember 21, 2022Updated:September 21, 2022No Comments3 Mins Read
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    What is auto-trading
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    In the financial markets, traders can trade in two ways: manual and automatic execution of trades with software or trading robots. This last case is called algorithmic trading, automatic trading, auto trading, or high-frequency trading.

    This form of crypto trading is based on using an electronic platform whose algorithm decides on the various aspects of the order without any human intervention. It consists of leaving control to a program so that it takes care of executing all orders even when your computer is off.

    How to do auto-trading?

    The crypto market is getting increasingly interesting for investors, and some specialists are looking for solutions to make trading operations easier and simpler. Hence the creation of the automatic crypto trading method.

    With this method, you can configure your account as you want to allow the system to do all the operations for you.

    Please note: that an automated trading platform should not entirely replace a broker. Instead, it serves as an intermediary between the trader and the broker.

    Since the crypto market is one of the largest in the world today, there are several automatic trading options.

    Generally, automatic trading enthusiasts use two methods: a platform pre-programmed by a broker and an automated trading platform installed by a computer programmer with experience in the field.

    Indeed, when a platform is pre-programmed by your broker, you pay a commission for each transaction. In the second case, you must subscribe to a platform offering software with a trading environment adapted to your broker’s site.

    Advantages of automatic trading

    Auto trading solves the issues related to the psychological aspect of crypto trading. The program responsible for carrying out the operations on your behalf will respect all the rules of your crypto trading strategy without hesitation.

    The program never tires of executing your orders. It is available 24 hours a day, thinks quickly and well, without making mistakes in trading operations.

    It can perform hundreds of operations per second.

    The program allows you to act faster than other participants in the market and monitor several parameters and markets at once.

    The robot does not need your assistance to work. It respects your trading strategy without complaining, even at work or traveling.

    Disadvantages of automatic trading

    The auto trading program you use does not have the intelligence you pass on. It cannot, therefore, adapt naturally to all changes in the market. If the strategy you have in place loses, you must work to improve your system.

    Your strategy must have logical rules because a machine only understands logic.

    Instead of focusing on the trading itself, your work will now be focused on finding information and winning strategy.

    How to choose your auto-trading platform?

    When choosing your trading robot, having some vigilance is welcome. Although there are many top-notch trading software on the market these days, before you opt for one of them, do perform your own research. Reading reviews, such as a Biticodes review, is of utmost importance if you want to find the best fit for your trading needs by opening a demo account. In that way, you won’t be at risk of going for something that doesn’t match your expectations.

    What is auto-trading
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