A recent article on Tech Bable mentioned Quantum AI automatic trading platform, which I thought was really cool so I decided to learn more about it! What I found was an easy-to-use tool that helps me manage my crypto portfolio easily and profitably. So, I wanted to share with you guys my own experience with it, so you can also benefit from this amazing technology!
Why use an automated trading bot?
If you’re into cryptocurrency or are just getting started with trading, then you know how hard it can be to make money in crypto markets. For people who don’t have a lot of experience with trading markets (or those who are just too busy or lazy), automated trading bots can be incredibly useful. You plug in your investment criteria and watch as your bot takes over, doing all of the work for you.
What does a traditional bot do?
Traditional bots will look at a list of indicators and make a buy or sell decision-based on those indicators. For example, a traditional bot may only buy if the over-the-counter market volume is less than 50% of the limited order book volume. The problem with these bots is that they’re completely reactive – they’re always buying or selling after the fact, making them much worse than human traders.
How does an automated trading bot work?
First, there are certain factors that need to be taken into account when you’re trying to build a profitable bot. Volatility is one of them—if there’s too much volatility in a particular coin or asset class, it’s harder for bots (and humans) to successfully predict which way prices will go.
Other ways to invest in cryptocurrency?
If you’re new to cryptocurrency, there are a few alternatives you can consider when making your first investment. Some of these coins include NEO, Lisk, Zcash, Iota, and Cardano. There are also more established coins that have been around for several years like Bitcoin (BTC), Ethereum (ETH), and Dash.
Is it safe?
Cryptocurrency is one of those things that people are interested in, but they’re not sure if it’s safe. There are multiple layers of security within cryptocurrency, but all transactions between user accounts remain anonymous. People who want a more transparent experience may want to look into the blockchain, but for those who just want an anonymous way to make transactions, cryptocurrency is perfect. You can start out with a small investment and see where you go from there.
Can I control my trades if I want?
The short answer is yes! If you think you have good judgment about when to buy, sell, or hold a particular coin, you can use basic trading principles — such as buy low, sell high — from other asset classes (like stocks) and apply them to cryptocurrency. Another benefit of CFDs is that they typically offer lower commissions than most online stock brokers.
What else do I need to know about using bots?
While there are still many questions surrounding them, they’re here to stay, so you need to learn how they work. Here’s a brief overview of some basic facts about bots. First, know that bots are not illegal—at least not yet. But their use is regulated by certain laws and rules that vary from country to country. In general, however, it’s good practice to treat your bot like any other investment tool—you wouldn’t invest all your money into just one stock or fund (that would be unwise), so don’t do it with bots either.