Does the idea of starting online trading cryptos, stocks, or other assets lure you? Or are you might be already into online trading using a manual approach but want to increase your chances of finding the best trading opportunities? In both cases, you should then consider using the automated trading platform. Their straightforwardness and time-saving features make thousands of traders switch to the auto trading mode instead of spending hours focusing your attention on the computer screen.
What Can You Trade With an Automated Trading Platform?
With automated trading, you can speculate on the entire financial market with assets of your choice. We can cite, among others:
- Cryptocurrency: Bitcoin, XRP, Ethereum, etc.
- Forex: fiat currencies such as EUR/USD/GBP, etc.
- Stock market indices: CAC 40, NYSE, NASDAQ…
- Commodities: gold, silver, oil, etc.
To do automated trading, choose the automated trading platform with the asset you want to trade. With cryptocurrencies, for example, you can use BitiCodes AI.
Automated Trading Platform – What are Automated Trading Strategies?
There are several common approaches to auto trading. Here they are.
The High-Frequency Automated Trading Strategy
This auto-trading strategy is one of the most advantageous if the robots work optimally. This strategy allows traders to manage a large number of orders in a very short time. Thus, the auto trading system will be able to open and close orders quickly.
The Third-Party Strategy
Third-party auto trading systems can be found on MT4 and the L2 Dealer, for instance. This strategy allows you to get started as quickly as possible with an automated trading system. To take advantage of this strategy, it is important to thoroughly test the different trading systems.
The Trend Following Strategy
The trend-following strategy employs auto-trading algorithms to check for trends and close orders based on variations. This last strategy is carried out per minute, hour, day, or week.
Should You Do Automated Trading in 2022?
Automated trading is an investment option in the financial market with multiple benefits. Since its existence, many traders have used it to make money faster, even without being in front of their computers. With this type of automation, trades are executed in seconds, which allows the algorithms to take advantage of opportunities as quickly as possible.
To therefore achieve financial independence in 2022, the use of automated trading is a better investment option than manual trading. With trading robots, whether you are a beginner or an expert, you will not encounter many difficulties before you can succeed in your automated trading business.
How To Start Trading With An Automated Trading Platform?
- Choose an auto-trading robot
- Register
- Credit your account
- Configuration of the automated trading platform
- Let the platform invest for you
Finally, when it comes to choosing your auto trading platform, it’s the first step toward successful trading activity. Naturally, you will opt for the one that offers the asset you want to trade and the necessary features. However, don’t go for the first one that shows up in your Google search. Pick up the several and compare them. Also, make sure to check out the opinion of other users on the trading forums. That way, you’ll be sure to go for the legitimate and reliable platform.