The cryptocurrency market never loses momentum. It's full of opportunities for profits, even if you want to focus on less prominent altcoins.
You have probably heard a plethora of times that you need a proper strategy to put in place to trade cryptos successfully. It's true, but on the other hand, there are great solutions to reach success even without a strategy.
The thing is that during the last decade, the internet was fertile ground for the distribution of cutting-edge trading technologies. One of these technologies is automated trading systems such as BitiCodes Iplex, which allows crypto traders to enter this lucrative market and start trading relying on their auto trading software.
If you are suspicious about the usefulness of this kind of software, rest assured, it is very effective and has several advantages. We will show it on the example of the very popular crypto auto trading platform Bitodes Iplex. Discover more details on this platform as well as on the crypto trading activity in general. Let's start with the general overview of the crypto trading process and auto trading bots.
What is crypto trading?
Crypto speculation or trading refers to trading or betting on the price movement of a specific cryptocurrency. This is viable from a crypto CFD account and consists of purchasing and selling crypto on the chosen exchange platform. To be relatively successful in this activity, it turns out that using a trading bot is a great necessity.
How the cryptocurrency market works
Cryptocurrencies are not properly regulated nor issued by traditional financial authorities. It means that the operations of the crypto market are not centralized or controlled by the central authority. All the trading processes are happening on computers, while the crypto assets can be traded on digital platforms and saved on dedicated crypto wallets. Unlike fiat money, there is only digital proof of ownership stored on a blockchain.
Once you decide to sell your crypto assets to another crypto user, you will ought to transfer them to the crypto wallet of the buyer. The transaction will be completed once verified and added to the blockchain. This is done thanks to the mining process, which is quite complex to explain in just a few paragraphs. New tokens on the blockchain are also created using the process of mining.
What is auto trading?
According to its name, it consists of processing the orders automatically, relying on algorithms and machine learning software. This kind of training relies on pure mathematical logic used by the software. The software performs trades on your behalf, even if your computer is off. However, some parameters need to be set before activating the bot. You can benefit from auto trading by registering on some brokerage company websites. If you have advanced trading knowledge, you can install the software and pre-program it to implement your own trading strategy.
BitiCodes iPlex: What is it, and how does it work?
There are many benefits of using auto trading software, but you must be sure you are not falling for the scammer. Even experienced traders cannot always identify scammers. Fortunately, we have good news for you! We spent a lot of time checking trading conditions and other important details of BitiCodes iPlex.
BitiCodes iPlex is touted as one of the most prominent crypto trading bots. As of 2021, it has over half a million active users worldwide.
One of the first questions that come to a new trader's mind is whether the software is a scam. BitiCodes iPlex is definitely not a scam. Moreover, it counts as one of the best crypto trading bots available for trading crypto today.
This platform's minimum initial deposit is 4250, which is quite a meager amount compared to other bots.
When it comes to trading skill level, BitiCodes iPlex is suitable for any skill level. Luckily, you don't have to be a crypto expert to take advantage of this auto-trading bot. It helps all types of traders to make better trading decisions.
How does it work? Long story short, it scrutinizes the crypto market and is able to make good decisions based on both long-term and short-term market movements.
The best part is you can diversify your portfolio by trading more than a thousand altcoins besides the most popular ones, such as Eth and Bitcoin.
Undoubtedly, diversification is a great idea for using crypto trading bots to protect your investments from significant losses.
One of the most important things to consider when choosing an auto trading platform is the professionalism of their customer support. Also, make sure the support speaks your language.
Biticodes Iplex client support speaks not only English. They can be contacted by e-mail and telephone in many other languages but make sure your native language is among these.
Final Thoughts
Briefly, here are the most important advantages for choosing auto Trading with BitiCodes iPlex or some other legit trading software.
Surpassing the issues regarding emotional trading aspects;
Say goodbye to uncontrolled and too emotional trading decisions
The bot is never tired, carrying out the trades even while you sleep
Never misses profitable opportunities
"Thinks" quickly, no significant mistakes in its speculations;
It acts faster on the market than your trading peers who don't use the software
Monitoring of many markets and indicators at the same time, etc.
Finally, just like in other fields, the slightest misstep could be fatal, so you have to be better equipped to avoid making mistakes. For this, you can use automatic trading software to help you.
Many advantages bring the use of automatic trading software for traders who are starting to trade or for professionals in the field. The main advantage lies in the fact that the human factor is eliminated by using the software. He will be able to work day and night for continuous hours. The software will be based only on the configurations that the user has entered. Its operation will then be based on the current market price. The implementation of an effective and efficient strategy will then be easier, which makes it possible to optimize trading.
