Algorithms are widely used in traditional trading. Since the 1980s, stock markets integrate automated digital tools to facilitate the traders’ experience. Today, 90% of stock trades are algo-based, according to JPMorgan. It’s obvious: machines are way better in monitoring rates 24/7 and making swift deals. You know, reaction matters.
But what about the crypto space? Being even more dynamic and never-stopping than traditional exchanges, this industry faces a number of concerns related to automation. What are the reasons? How algo trading works when it comes to cryptocurrency? What are the pros and cons of this approach for experienced market players? Let’s [...]
Despite the constant volatility, the crypto market is one of the most progressive and profitable. As a result, volumes of investors are joining the crypto trading bandwagon – hoping to leverage the moving prices for maximum profits.
However, crypto trading entails more details. This means that before choosing to go into trading, it is important to have a good understanding of the market tides and how best you could time your moves to lock in your profits.
In this piece, we examine some of the ways you could approach crypto trading as a beginner and make the best out of the booming crypto market: