#Cryptocurrency trading can be quite a challenging, risky and tedious endeavor. There is a steep learning curve to go through, and traders tend to make mistakes that can be avoided. The decision-making aspect of trading is absolutely critical, and automation tools continue to gain considerable momentum in this area.
What are the risks of manual cryptocurrency #trading?
When people succumb to the idea of trading cryptocurrencies, the first thing they have to follow is the steep learning curve before them. Markets are complex and offer many opportunities, but they also hide many risks that may not be satisfactory for everyone.
Every entry may have a result-good or bad-and making timely decisions is a top priority. Unfortunately, this is all much easier than it would be if thousands of markets and trading pairs were at your disposal.
Manual trading can be risky because market conditions can change at any given moment, and traders may not always continue to make the best decisions at the best time. With the crypto markets so volatile, there is a huge amount of data to consider, and market conditions can easily invalidate someone's recent findings, even after a thorough technical analysis.
As a result, it is very common for traders to lose money instead of being consistently profitable.
This is the reason why there are so many stories of people getting liquidated or losing tons of money in an instant.
After all, it is natural for inexperienced traders to make mistakes. There is a growing checklist of various considerations, including many order types, current market conditions, rebalancing portfolios, releasing liquidity at the right time, and so on.
It's most important to pay attention to all of the above, and not everyone can, but perhaps only some can. This is also one of the reasons why various trade automation tools are gaining traction among cryptocurrency traders around the world. They are already very popular in traditional finance, and it seems that the moment may be right for them to make their mark in crypto as well.
#Bitsgap Trading Bot is all in one automation Platform.
#Bitsgap is an all-in-one automation platform that tries to bring everything under one roof. It strikes a balance between cloud-based support to allow trading access on different devices, automation, plus proper order executions - even when the exchange front end is frozen. This last point is very critical, as the backend of an exchange tends to keep running even when the frontend interface becomes crowded and congested.
The nature of Bitsgap's automation is made available through grid-based bots. User can set preferred grid (or trading triangle), and bitsgap bot will start buying low and selling high automatically.
Any market provides potential for profit, no matter how small it may be. Manual trading may not be able to produce these constant small wins, as we humans cannot act fast enough.
The solution offered by Bitsgap is accessible through any device, and orders will be executed on behalf of the user - regardless of whether one is trading on a tablet, phone or computer. Robots can operate 24/7, which can also provide some peace of mind.
Bitsgap provide you with [free demo account] (https://bitsgap.com/?ref=e0174ddb-5) which help you test the robot and see the results before activating your live account