How To Trade Crypto Stress-Free with BitKan Bot Trading
Crypto trading is stressful. How often do you buy high, panic and then end up selling low?
Love the cryptocurrency markets or hate it, there’s no denying the hours we spend looking at the charts and the rollercoaster of emotions we unintentionally ride. Monitoring charts can be an extremely nerve-wrecking experience; watching your coin price fluctuate 10–50% in a single day is never good for the faint of heart.
Investors panic easily when they watch the price of their crypto go down, causing them to second guess themselves, paper-hand their precious coins and get faked out by the market.
Why?
Emotions are the main cause of poor trading.
Countless resources are available on the internet about how you can take the emotion out of your trading psychology and trade completely emotionlessly, much like an “algo trader” or a “systems trader”. Hedge funds all use sophisticated algorithms and computer code to trade crypto without the human element.
What if you could have a completely free solution to trade on your behalf, just like the algorithms that hedge funds and large institutions use?
The Solution: What are Cryptocurrency Trading Bots?
Bots are automated tools that execute buy and sell trades on behalf of investors to take advantage of the volatility of crypto markets. Bots react much faster than investors, work 24/7 without complaining and are unemotional at trading. Such crypto trading bots enable trading completely based on data and mathematics, minimising risk and maximising profit over time when properly used.
Advantages of bots
- Remove emotions such as FOMO, greed and panic selling during pumps or dumps to reduce losses made while under stress and influence
- 24/7 operation, monitoring markets round-the-clock without the need for human attention or food
- Ease of use and one-click setup compared to traditional algorithms and other sophisticated bots that require coding knowledge or connection to exchange API (application programming interface)
However, trading bots may also result in lower returns than just HODLING crypto, as the bots typically buy in small amounts and profit from volatility in market prices, which may potentially miss out on large jumps in prices.
As long as you understand your bot and have patience in the process, trading cryptocurrency can be made stress-free.
How to access Bot Trade on BitKan app
The BitKan Bot Trading function is easily accessed from the Trade page. Users can choose from using AI recommended strategies that have already been backtested, or create their own strategy manually from 4 pre-set algorithms:
Suitable for sideways, volatile markets to profit from change of prices trading within a channel.
2. Infinite Grid
Highly suited for unidirectional strong bullish or bearish markets, an interval grid strategy without upper or lower price limits.
3. Two-way Grid
For volatile, sideways markets, with simultaneous long and short interval grids opened to benefit in both directions from price action.
Ratio-adjusting bot suitable for both sideways and bullish markets, based on Shannon’s Daemon theory, which benefits patient investors the most.
We’ll be going deeper into each of these bots in separate articles to explain how to use them well — stay tuned to our Medium and social accounts for the latest updates!
Whichever strategy you use, always make sure you choose the most suitable strategy for the current market trend! While trading bots help you monitor markets 24/7 and execute trades automatically, you must understand how your trading bots work so you can make the right decision.
BitKan makes bot trading effortless and easy with just a single click. With aggregated liquidity from 8 leading exchanges and over 700 cryptocurrency tokens to bot trade with, users gain an unfair advantage over the competition with free bots and the best prices available in the market.
New to BitKan? Here are some crypto gifts for you!
1. Win Daily Crypto Rewards
2. Get a $100 BitKan Sign-Up Gift
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Benefits of BitKan Cryptocurrency Exchange:
- Receive the most recent daily news within the community
- Trade 1200+ coins across 8 exchanges with 1 BitKan account
- Use custom price alert and portfolio tracker at your fingertips
- Start a Spot, Futures, Automated Bot Trade, BitKan Earn & more
- Served 10+ million users in 170 countries with 9 years of experience
- Discover the latest events, coins & enjoy the best prices on Web & APP
- 8 Partner Exchanges Include Binance, OKX, Bitfinex, Gate.io, Huobi, MEXC, Poloniex, and Bit.com.
- Based in Singapore and Japan, BitKan holds the Digital Asset Exchange License from the Financial Services Agency of Japan.
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