My Crypto Trading Plan and a short lesson of Crypto Trading Bots

in crypto •  3 years ago 

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Hello Steemit Users !!

I'm an investor and a Cryptocurrency Trader on this platform. Today onwards, I will bring my Crypto Trading Plan and some of the better Trade entries that you can use for taking a better entry into the Market. At the same time, I will give you a short lesson about a Randomly selected crypto Subject. Firstly, move to today's lesson.


What are crypto trading bots?



source - https://www.indexuniverse.eu/crypto-trading-bots


Encryption trading bots are self-contained software that automates all manual steps related to trading. Because the crypto market is open 24 hours a day, a crypto trading boat allows you to make money while you sleep.

Every second, the program is constantly working to profit from the volatility of the crypto market. Panic selling and greedy buying are just two examples of how a winning deal can turn into a loss. These trading bots are meant to be impartial in order to eliminate the biased and emotional dangers that come with personal trading.

Based on your crypto, you can benefit from both the bull and bear markets trading bots and strategy.

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How does crypto make trading bots work? And do they really work?


Yes, they work, in short. The long answer is that there are different ways to build and create trading bots that can do different things for beginners and experienced traders.

Automatic crypto requires access and exchange to the wallet in which you wish to trade trading bots. This uses Bot's API key to connect to the platform of your choice.

Encrypt trading bots Use market performance and potential risk in trading. Unless you advise it differently, it works on low risk transactions and avoids high risk choices.

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Crypto types trading bots

There are several different types of crypto trading bots. Let's go over them.

  • Arbitrage

The settlement trading algorithm compares the prices of several crypto currencies and trades between them to make money. Price changes can be as high as hundreds of dollars, and repeating the process several times can yield significant profits.

  • Market making

Market-making bots, on the other hand, regularly place buying and selling orders to make a profit from the expansion. Spread is the difference between the highest bid and the lowest bid on a coin.

As a result, market-creating bots will repeatedly take a lower price coin and sell it to a higher bidder.

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Today my Trading Plan for XRP coin.


Today I selected XRP coin for my Crypto Trading Plan and I can take my entry between 0.80$ -0.79$. Then my Target will be at least 1$. Let's wait and see.


Screenshot source - https://www.tradingview.com

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Thank you All Steemians. Reragrds - minvestor

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