Is automated trading profitable? Most traders figured it out a long time ago. As a result, automated crypto trading has long ceased to be novel and has become an integral part of practically every trader’s life. It is not without cause that trading robots are used in more than 60% of transactions on cryptocurrency exchanges. As a result, more and more auto trading systems are offering their services to people looking to profit from digital currency. We will answer the question “What is the best platform for trading crypto?” and tell you how to increase your trading results.
The first thing is to understand the definitions.
What is an automated trading platform?
It is software that allows you to automate the user’s cryptocurrency trading activities. Trading platforms are most often implemented as web or smartphone applications, allowing them to be used from almost any device. In addition to trading automation, many platforms have exchanges, various calculators, and other useful tools to facilitate the user’s work.
What are the advantages of trading platforms?
- Usability. No matter how much experience the trader has, he can never work as efficiently as crypto automated trading software. Let’s assume that a trader’s attention is enough to keep track of two or a maximum three coins at the same time. For trading robots, these numbers are in the dozens. The same is true for trading strategies – software can use many trading algorithms, while a human can use no more than one or two at a time.
- Speed. The same can be said about the pace of transactions. In this case, robots beat human traders by a huge advantage. They can process large volumes of information and make a lot of deals at a speed a human would never be able to.
- Emotionless. Perhaps the main advantage of any trading robot is that it cannot doubt its decisions, get into a state of rage and get nervous when something goes wrong according to its plan. If the software is given the task of buying a coin when its price reaches $300, it will do so. It will not change the decision, no matter how the market situation changes.
- Saving the trader’s time. While the robots are trading, the trader can do whatever he wants. For example, study other strategies, analyze new coins, or just relax. In other words, he does not need to sit in front of his computer 24/7 looking for the best moment to make a deal.
We have listed the advantages, which should already make you think about how automated trading is better than “manual” trading. However, keep in mind that the settings of automated trading software crypto and its strategies should be adjusted from time to time. This is especially important when the market situation changes rapidly and your strategy can bring losses.
WunderTrading automated trading platform
Founded in 2018, WunderTrading has shown to be quite beneficial and functional. As a result, the number of users swiftly grew into the tens of thousands. The founders did not stop there, and the platform is constantly adding new features that make trading easier and more comfortable.
The platform is popular with both novices and experienced users. The first ones here find a lot of ways to become a profi trader, and the second – dozens of ways to automate trading so that they could do other things. More and more users are getting convinced every day that WunderTrading is the best platform for crypto trading.
Let us tell you about the most popular features of WunderTrading.
The essence of the strategy can be easily understood from its name. It consists in copying trades of successful users.
- You choose an experienced trader, whose trading history seems successful to you.
- You are subscribed to the selected trader.
- The platform automatically starts to copy his deals.
Thanks to the WunderTrading platform and copy trading, you will get the same trading results as the person whose deals you copied. If you’re a beginner, you can gain experience by watching the work of more advanced users. If you are not a novice, you can devote yourself to other things while the platform copies trades for you. Or you can be the one whose deals will be copied and get a commission for everyone who does.
As you can see, copy trading is a great option for those who want to maximize their profits, regardless of experience.
We mentioned the main advantages of trading robots and automated trading at the beginning of the article. Now we will talk in detail about the features of the software from WunderTrading.
WunderTrading robots are based on the automation of signals from the TradingView platform – the largest provider of cryptocurrency signals. All you need to do is set up a robot in a few clicks and watch it make deals for you.
WunderTrading robots can use many strategies to trade, so you are not limited in your choices. In addition, they integrate with many major and popular exchanges – Binance, ByBit, KuCoin, and other giants of the cryptocurrency industry.
Another undeniable advantage is that you can use an automated trading platform for free. The WunderTrading starter plan requires no monetary investment from users and allows the use of two active robots. This is ideal for those who are just starting their way into cryptocurrency trading and are not ready to invest a lot of money yet.
User-friendly trading terminal
Applying some strategies requires working on several exchanges at the same time. For example, arbitrage trading requires at least two cryptocurrency exchanges. In addition, your profit will directly depend on the speed of the deal.
Not every user is easy to quickly switch between tabs, especially if he works with not two but three or even more exchanges. There is a great risk of getting confused, not to mention the fact that it will significantly reduce the speed of work – a key parameter for arbitrage.
That’s why a user-friendly trading terminal is what every trader needs. You can work on several exchanges simultaneously, using just one trading panel. It is not only very convenient but also greatly increases the speed of making transactions. Consequently, your profits will grow much faster.
All the user needs to start working with the WunderTrading terminal is to create an account on the platform, and connect to it the accounts of the exchanges, on which he plans to trade. To do this is very simple. There are detailed instructions both on WunderTrading and on the exchanges themselves.
We have talked about the main benefits of the platform, which can help increase your profits in trading. However, the possibilities of WunderTrading are not limited to this – the platform has many other features that will facilitate your work and allow you to get great results. In other words, if you are still looking for an automated trading platform Bitcoin or want to work with other coins, choose WunderTrading – one of the best solutions for you.
No matter if you are a beginner or an experienced user, the platform is great for everyone involved in the world of cryptocurrencies, regardless of their level.