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As a trader, especially a beginner, you should know that trading activity has 2 components, namely profit and loss. You can be sure that these two things will always be present in any strategy that is implemented. So in principle, as a trader, you must be able to manage the profits and losses that will be obtained. You do this by maximizing profits and minimizing losses. Don’t be too hasty to close trading positions because it will actually cause the profits to be stunted.
So that the process of closing positions can provide sustainable profits, a trader can take advantage of auxiliary tools that will direct him when to buy or sell. So that traders can carry out automatic crypto trading which keeps them away from cut loss risks.
Utilization of tools will also help traders execute orders automatically based on predetermined criteria. For example, buy at 200 and sell at 300. Thus, traders can avoid the disadvantages of manual trading, especially cut losses.
How to Determine the Best Automated Crypto Trading Tools?
There are many tools that can be used to carry out automatic crypto trading, but of course not all of them can be trusted. There are only a number of tools that can give traders losses due to various problems in the tools. So how do you determine the best automated crypto trading tools?
There is an official site
A tool will be introduced to the public through the website. This is one of the media so that the public can see the advantages and disadvantages of the trading tools that will be used. Trusted tools will be introduced through the website or the official website of the manufacturer. One of the simplest characteristics of an official website is to use a Top-Level Domain such as .com or .net.
View the results of the review
When you find the official site, you can’t immediately judge that these tools are indeed the best. You need to see what is offered in it, to be able to find out whether these tools are highly recommended or not, look at the review menu. Official sites that offer crypto trading tools can be sure to display reviews from their users.
Know the number of users
After the review, find out how many traders have used these crypto trading tools to carry out trading activities. Is it more than 100 or has it even reached thousands? Of course, this can be the most appropriate consideration before using trading tools.
Profitable feature offering
You also really need to pay attention to the feature offerings. Because after all you use tools to facilitate and assist in setting trading positions with various predefined strategies. Consider whether the features in the tools will help you or not. For example, in terms of strategy, if you are a trader who often uses the Bollinger Band strategy, will these tools support it or not.
The Best Automated Trading Tools
One of the goals of automated trading is to be able to generate profits without having to do analysis by traders. You could say that making maximum and consistent profits is also the main target of a trading bot, and one of the best recommended tools is Gunbot.
Gunbot is an automated crypto trading tool or software created to answer the above challenges (generate maximum and consistent profits). Gunbot has also been developed to use the latest trading techniques that can be developed, especially for trading cryptocurrencies.
For beginner traders, this tool is very helpful. Because Gunbot will run automatically, the owner only needs to connect a trading account with Gunbot tools and everything can run automatically.
Advantages of Using Gunbot
There are many tools that can be used to carry out automatic cryptocurrency trading, so why do you need gunbot tools? This is because gunbot provides benefits that it is very difficult to miss.
Gunbot is one of the best tools that traders can apply to market exchanges such as Binance bot, Bittrex box, Cex.io, Kraken, Cryptopia, Bitfinex or Poloniex. You can also install this tool on Windows, Mac, ARM and Linux. The once-in-a-lifetime payment process can certainly provide benefits for you, so you don’t have to pay more in the future.
Gunbot also has various inbuilt strategies such as Bolliger Band, Gain, Step Gain, and Ping Pong. However, as a large number of Gunbot users, they think that implementing the Bolliger Band is the best that can help them make big profits.
Besides the advantage of its inbuilt strategy, there is something else to note. When using these trading bots, it is highly recommended that you keep a close eye on the trades you are making. Why? Because this bot is configured to be able to deal with market volatility. So, if there is a case of a spike in volatility, you must quickly turn it off. This means that even if you use tools and can automatically tell when to buy and sell, traders must also be able to know when to control the tools.
Cryptocurrency is something whose existence cannot be predicted either in the present or in the future. But even so, automatic crypto trading can be done by anyone who is interested. For beginners, it might be a little confusing at first, but if you keep going, you will definitely get used to it. Because there are so many trading tools available, you should be able to do research and read every review from users so you can determine whether you are relying on the right tools or not.
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