What is automated crypto trading and how does it work?
Cointelegraph
Published Oct 16, 2022 04:24PM ET
Updated Oct 16, 2022 06:00PM ET
Time waits for no one and financial markets are no exception. Especially in the uncharted territory of cryptocurrency trading, keeping up with the fast-paced changes in prices is key to success. A plethora of cryptocurrencies, a few viable trading strategies and numerous tools accessible to new traders may all cause confusion.
Fortunately, technology has made it possible to automate several trading processes, including market analysis, predicting trends and order execution. This frees up more time for strategic planning and establishing a solid foundation for long-term cryptocurrency trading success.
h3 Advantages/h3 h4 Minimizing Emotions /h4 h4 Backtesting/h4 h4 Preserving discipline/h4 h4 Improving order entry speed/h4 h4 Diversifying trading/h4 h3 Disadvantages/h3 h4 High start-up costs/h4 h4 Ongoing maintenance costs/h4 h4 Lack of flexibility/h4 h4 Mechanical failure/h4Continue Reading on Coin Telegraph
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Written By: Cointelegraph
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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