Why bots can be crucial for crypto traders in the futures markets
With Bitcoin futures continuing to surge in popularity, trading bots can help users keep on top of the markets 24 hours a day, seven days a week. The crypto industry has matured substantially in recent years — so much so that it’s practically unrecognizable when compared to the bull run of 2017. And one of the biggest developments in this dynamic space? Futures.These derivatives give investors exposure to the price movements of major cryptocurrencies like Bitcoin, without the need to physically own the asset. Although the arrival of futures trading presents opportunities, it isn’t without....
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How do bot-traded futures work, what are the top tips for success, and what are the common pitfalls to avoid? This explained article reveals all. How popular are trading bots in the crypto market right now?According to TradeSanta, demand for trading bots has increased substantially of late.The latest figures from the platform’s website suggest that it now has more than 100,000 active users, and over 3,200 active trading bots. More than 3.8 million deals have also been completed since the software launched.A range of technical indicators are provided by TradeSanta, and the software also....
Bitcoin does not sleep, nor do its markets. Most exchanges run 24/7, day and night, even on weekends and holidays. This is one reason some day traders — the people who trade on the price swings per hour or even per minute — use trading bots. These software programs can be plugged directly into exchanges, to apply trading strategies even when their operators are away from their computer, or busy doing something else. Indeed, if there is such a thing as “money making machines,” trading bots are it. Or are they? Strategies. Bots that are available on the market include Haasbot, Tradewave and....
Investors have benefited from algorithmic ('algo') trading programs under many different circumstances, but these 'trading bots' can prove particularly valuable to those interested in cryptocurrencies. Bot trading has reduced user error, enabled more rapid processing of information and given traders more time and flexibility. However, it may hold even greater potential in the crypto markets due to their immature nature. Trading bots have been around for decades, seeing growing use in stock markets as digitization has taken hold. However, the digital currency markets are less than a decade....
A tool for professional traders, crypto trading bots are increasingly popular among retail investors for the automation they offer. How much does a crypto trading bot cost, and are they worth it?While most popular crypto trading bots are offered for free, they do come with associated costs, such as trading commissions and withdrawal fees, that need to be evaluated before proceeding.When choosing a crypto trading bot, investors need to weigh the pros and cons of “free” crypto trading bots compared to those that charge a flat monthly or annual subscription fee. Most popular crypto trading....
Bitcoin trading bots will no longer be the exclusive preserve of software and finance wonks if startup Tradewave has its way. The London-based company has developed a platform that lets users create their own trading bots, stripping away some of the complexities of programming such tools independently. Tradewave's founder James Potter said his platform would address the "mismatch" between institutional traders with the resources to develop their own bots and retail investors who are left to execute trades by hand: "A lot of institutional trading is now automated and retail is very manual....