The concept of trading bots has long been known and has gained great popularity among forex traders. Since modern trade in crypto-currencies is less and less different from the classical one, it is hard to do without the help of automatic trading.
To use the bot, a crypto exchange must provide an API. Not all projects provide such a service or its quality may not be at a high level, which will complicate the configuration and restrict the set of strategies for trading.
Stoxum provides a wide range of tools in its API that significantly increase the variability and accuracy of strategies. And most importantly — all tools are free and available to any user of the project.
Why is the use of a bot effective for a trader?
Human has many shortcomings: emotional experiences that lead to tilt, need to eat, sleep, participate in domestic and social events, which greatly complicates the involvement in trading. Trading bots constantly monitor the dynamics of prices in the market in all directions and allow you to make a profit, even when you are physically unable to participate in trading.
Automation greatly facilitates the life of the trader and allows you to concentrate on the analysis.
Why is the use of bots effective for the exchange?
If the exchange has an API — there are also bots. The first to use bots on crypto-exchanges were market-makers, which form a significant part of the trade turnover of any crypto project, placing the assets of its customers. But imagine, if everyone can use such mechanisms?
If you do not have technical and minimal financial knowledge, you will have to buy a bot and the quality of its work will be unknown until the last moment, and it can simply take your money from the stock exchange. This largely deters most users. But the bots that are provided by the platform itself and have a lot of settings — why not automate the trade, if it’s free and safe?
Bots make it possible to increase the trading volume of a standard trader by 200–500%, which will affect the overall figures for the entire stock exchange, which means more orders, more liquidity, higher attractiveness for users who choose a new site for registration.
By investing in Stoxum, you invest in a decentralized future
