Top Automated Trading Software 2022

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One of the most common observations that expert traders make regarding the market is that it is not a place for emotional decision-making. That means that no matter what happens with the trends and ups and downs of stocks and investments, you cannot—rather, you should not—buy or sell because you are very happy or very sad. Doing so will only destabilize your trading mojo.

So, how do you trade without relying too deeply on your emotions? Should you exchange your brains for a microchip, assuming that that is a thing, or should you get something else with a chip to do your trading for you? Better the latter option than the former.

To make trading more convenient for expert traders who don’t have time or traders who just got into the game, automated trading software and platforms abound. With these applications, you can set your wallets to buying cryptos, for example, at particular periods of the day or night time. You can also easily fix limits so that the software/platform would buy and sell when prices reach a particular range.

So, in the spirit of sharing, this article presents 7 such automated trading software.

These are some of the best apps for automated trading that you can rely on in 2022.

1- Pionex

Pionex is a top-class trading software with an extensive catalog of impressive features. Against the norm of allowing you access to quality materials on how to trade, Pionex simply offers you a ton of trading bots that can upend trading bad luck and overturn your fortunes for the better.

Of course, crypto trading is on the top of the Pionex shelf for automated trading, so you can easily build a portfolio without making any brain-crunching effort to understand the market.

Where some software and platforms for automated trading offer only automation and a teach-you-how-to-do-it method, Pionex offers variety. The 18 bots from Pionex are designed differently, each with specific strategies and approaches to building wealth and trader credibility. 16 of these bots are free and built into Pionex’s framework.

So, whether you are trading on your desktop or your smartphone, using Pionex for automated trading will give you the boost you need to take your winnings up a notch. Moreover, Pionex charges only 0.05% as trading fees, which is somewhat cheap for the high-quality trading that goes on with your consent.

2- BitQuant

The majority of software and platforms for automated trading give decorated assurances such as 90 percent success rates. They don’t mention that the risk of you being in the 10 percent that is thrown to the trading success curb is high. BitQuant offers a different kind of assurance.

With BitQuant, it is not about aggregate success rates, but approximate monthly profits of up to 20 percent. In other words, among automated trading software, this novel option allows you to sit and watch as it returns a fifth of your investments to you every month.

Another great thing about BitQuant is that although the trading bots are efficient and effective at what they were designed for, the system still has professional traders who keep an eye on bot activity. Thus, you don’t have to keep punching in the numbers to determine whether or not the trading bots are helping or hindering your progress.

BitQuant is not free, but you can start using it on a trial basis which lasts for an entire week. Within that week, if you don’t see clear improvements in your trading portfolio, you can forget about it. But this never happened for the 10,000 plus traders that are using BitQuant to automate their trading activities and choices.

3- Bitcoin Prime

If you are a beginner at trading, you might want to take advantage of the offerings of Bitcoin Prime. The app was established based on the idea that beginner traders need more than just trial-and-error trading to build impressive portfolios and killer testimonials.

And that is exactly what Bitcoin Prime is all about—turning the greenhorn trader into somebody who only stares at the screen while the app’s algorithm does all the work.

Ideally, automated crypto trading is more than just a means to restrict emotional trading. There is also the advantage of being able to identify profitable cryptos and their trends. This is another feature that Bitcoin Prime has integrated into its framework. In other words, after watching the Bitcoin Prime system run for 1 month or 2, you should be able to understand the AI-driven algorithm well enough to imitate it.

The only catch that users have pointed out about using Bitcoin Prime is the charge: 2% commission on profitable accounts. You will also need to make an initial deposit of $250 so that you can use Bitcoin Prime, which could be off-putting for some traders.

4- eToro

eToro is another incredible trading software that offers automated capabilities for newbie traders and experts. Very much like its peers, eToro’s framework was designed to increase the ease of trading and bolster efficiency to the point where the trader does not do any work except check on their portfolio from time to time.

However, unlike the majority of its peers, eToro focuses on what it calls the power of social investing. All that means that you get access to a very large community of traders when you use eToro. This social trading aspect could save you hours on the internet where you ask questions like, “What is the best crypto to invest in now?”

Trading with eToro does not limit you to cryptos alone, which is a relief considering the near-infinite apps built solely for crypto trading. Instead, eToro is fitted with features to assist you with stock and forest trading. Thus, you will not need to shuffle between automated trading software offerings since eToro covers all the needed bases.

Another awesome thing about eToro is that it does not charge commission fees for stock trading. There are tools for expert trading with options for periodic risk rating, drawdowns, etc. on eToro. Moreover, it is regulated, meaning that your assets are as safe as they can be.

5- NFT Profit

Yes, we just highlighted the assurances that automated trading platforms report about themselves and how they often leave out the high risks of failure for the individual trader. Well, NFT Profit assures the trading community of a 99.6% success rate. The margin for failure is smaller, so using the software is a smart choice.

The main bite of NFT Profit, as you can tell from the name, is that it is particularly geared towards the buying and selling of NFTs (non-fungible tokens). Thus, it is a dedicated automated software trading app for crypto traders looking to grow their NFT assets, collectibles, and other tokens for digital art—all of this without the requisite hours of intensive research.

Considering the rarity aspects of NFT trading, generally, NFT Profit is optimized to let you place orders and execute them when necessary. Moreover, it has a tracker that lets you know when there are incredible offers on NFT markets.

All in all, NFT Profit is a reliable software for automated trading. It is also commission-free, although you have to deposit $250 to use the software as it was designed to be used.

6- Learn2Trade

There are different types of traders with different personality types. Some want to relax and draw on the leading characteristics of automated trading software which is automated trading. Others, however, prefer a more hands-on approach. Learn2Trade was designed with the latter category of traders in mind.

Learn2Trade offers you some control over your trading, even though it is still automated. The platform framework was built to accommodate learning, so there are more materials on trading stocks, forex, and cryptos than you will find anywhere else.

Maybe the best part about using Learn2Trade is that it is optimized to give you trading signals for free. This means that you can position yourself ahead of time to make a killing in the trading market.

Also, although Learn2Trade charges around $43 every month, you can use its trial version which is only valid for 3 attempts every week.

7- Ninja Trader

Most of the software/platforms for automated trading that we have highlighted thus far were mostly built with newbie traders in mind. Ninja Trader, on the other hand, was built for expert traders and is thus tailored for advanced trading and strategizing.

Ninja Trader offers a truckload of features for automated trading. Some of the most remarkable of these features include simulation and backtesting, tools for building robust and integrated trading apps, and more.

So, Ninja Trader does not only allow automated trading but is also relevant to researching the market. Its chart capabilities are virtually unmatched among its peers. Thus, to use Ninja Trader is to position yourself for an increased understanding of the dynamics of realistic and profitable trading.

And those are the top 7 software/platform for automated trading. However, whether you decide to rely on Pionex’s trading bots from 2019 or BitQuant’s recent but innovative framework for trading, there is currently no automated software to help you make that kind of decision.

About Kyrrex

Kyrrex is a multifunctional professional platform for trading and storing cryptocurrencies

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Unlocking the Importance of Liquidity in Crypto Trading

Have you ever wondered what makes crypto trading tick? It’s all about liquidity! In this blog post, we will delve into the importance of liquidity in crypto trading and how it compares to traditional finance. Get ready to unlock the secrets of this vital aspect of the trading world.

Short Summary

  • Liquidity in crypto trading is essential for efficient transactions, price determination, market stability and risk management.
  • Factors impacting liquidity include trading volume, the presence of market makers and regulatory environment.
  • Crypto trading liquidity has both similar features to traditional finance as well as distinct differences which should be Explored.

Understanding Liquidity in Crypto Trading

As in traditional financial markets, liquidity in crypto trading refers to the ease of buying or selling digital assets without significantly affecting their price. The concept of liquidity is crucial for the smooth operation of any market, be it the stock market or the cryptocurrency market. Factors such as market depth and bid-ask spread influence cryptocurrency liquidity, just as they do in stock markets.

A deep market with ample liquidity indicates a healthy market, allowing efficient trading and accurate price discovery. Conversely, low liquidity can pose challenges, such as increased slippage and price volatility, which can discourage investors and hinder market stability.

Market Depth

Market depth refers to the number of buy and sell orders available at different price levels, with higher depth indicating greater liquidity. Increased market depth is indicative of increased liquidity, as it suggests a higher level of trading activity and a more liquid market.

In other words, the more buy and sell orders that exist on the market, the easier it is for traders to execute their transactions efficiently without causing significant price fluctuations.

Bid-Ask Spread

The bid-ask spread is another crucial indicator of market liquidity in crypto trading. It represents the gap between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept for a given digital asset. A narrower spread is indicative of increased liquidity, as it reflects a higher presence of buyers and sellers in the market.

A tighter spread facilitates faster and more efficient trading of assets at fair prices, ensuring that all market participants can execute their transactions without significant delays or price fluctuations.

Factors Affecting Cryptocurrency Liquidity

Cryptocurrency liquidity is influenced by various factors, including trading volume, market makers, and the regulatory environment. Understanding these factors is essential for traders and investors who wish to make well-informed decisions and navigate the often volatile crypto market with confidence.

Let’s take a closer look at each of these factors and how they impact liquidity in the crypto market.

Trading Volume

Trading volume is the amount of assets traded within a specific period of time, with greater volume indicating a higher level of liquidity. Increased trading volume implies heightened trading activity, which in turn suggests a more liquid market.

Identifying digital assets with high trading volume is one way to spot cryptocurrencies with high liquidity, as a large investor base and high trading activity are indicative of increased liquidity.

Market Makers

Market makers play a vital role in providing liquidity in crypto trading. These entities, which can include large banks, brokers, or hedge funds, place buy and sell orders in the market, thus ensuring sufficient liquidity to facilitate efficient trading and maintain price stability.

Market makers continuously quote bid-ask asset prices to keep the spreads within a certain range, making a profit from the bid-ask spread difference. By providing liquidity, market makers contribute to reduced slippage, improved price discovery, and enhanced market efficiency.

Regulatory Environment

The regulatory environment surrounding crypto trading can also have a significant impact on liquidity. Some ways in which regulations can affect liquidity include:

  • The amount of liquidity available in the market
  • The types of assets that can be traded
  • The cost of trading
  • The speed of trade executions

A favorable regulatory environment can encourage participation in the market, thereby increasing liquidity, while stringent regulations can discourage participation and lead to reduced liquidity.

The Role of Liquidity Providers in Crypto Trading

Liquidity providers play a crucial role in the crypto trading ecosystem by ensuring the availability of assets for trading and maintaining stable prices. These entities help to create a more efficient market, allowing traders and investors to execute their transactions without significant delays or price fluctuations.

Let’s explore the different types of liquidity providers and the incentives that encourage them to provide liquidity to the market.

Types of Liquidity Providers

In the crypto trading space, liquidity providers can be:

  • Institutional entities, such as large banks, brokers, or hedge funds
  • Individual or institutional investors providing capital to liquidity pools with crypto assets
  • Centralized exchanges (more traditional and regulated)
  • Decentralized exchanges (peer-to-peer and generally unregulated)

An example of a centralized exchange liquidity provider is Kyrrex Liquidity Hub which provides improved and centralized liquidity with seamless transaction matching, and a wide variety of cryptocurrencies to exchanges and other crypto platforms. Its features include effortless crypto asset matching, sufficient order book liquidity, high-speed processing, minimized commission costs, and secure custodial storage for clients' funds. Liquidity through the Hub can be deployed directly or through other modes including market maker.

Automated market makers are computer programs that utilize algorithms to facilitate the matching of buyers and sellers, contributing to the overall liquidity of the market.

Incentives for Providing Liquidity

Liquidity providers can benefit from various incentives in the crypto trading ecosystem. For instance, they can earn transaction fees and token rewards for providing liquidity to trading pairs on exchanges. Additionally, liquidity providers may take advantage of yield farming incentives, which involve providing liquidity to a decentralized exchange or liquidity pool and receiving a share of the pool’s trading fees or rewards in return.

These incentives help to attract and retain liquidity providers, ensuring a stable and efficient market for all participants.

Benefits of High Liquidity in Crypto Trading

High liquidity in crypto trading offers several advantages for traders and investors alike. With ample liquidity, market participants can enjoy reduced slippage, better price discovery, and increased market efficiency, which are essential for smooth and profitable trading.

In the following sections, we will delve into each of these benefits and discuss their implications for the crypto market.

Reduced Slippage

Reduced slippage is one of the key benefits of high liquidity in crypto trading. With more buyers and sellers in the market, large orders can be executed without significantly impacting the asset’s price, leading to more favorable execution prices for traders.

This is particularly important for investors with sizable positions, as it allows them to enter or exit the market with minimal price impact, thereby maximizing their potential returns.

Better Price Discovery

High liquidity also leads to better price discovery, ensuring that assets are traded at fair market value and preventing potential price manipulation. In a highly liquid market, the presence of more buyers and sellers helps to establish an accurate price for each asset based on market activity.

This is essential for a stable and efficient market, as it allows traders and investors to execute their transactions at prices that accurately reflect the true value of the underlying assets.

Increased Market Efficiency

Lastly, high liquidity contributes to increased market efficiency, allowing for:

  • Smoother transactions
  • A more stable trading environment
  • Accelerated transaction times
  • More efficient bid-ask spreads
  • More efficient pricing
  • Reduced slippage

This creates a more favorable trading atmosphere for all market participants.

Challenges of Low Liquidity in Crypto Trading

While high liquidity offers numerous benefits, low liquidity in crypto trading can pose several challenges. These challenges include increased slippage, price volatility, and limited trading opportunities, which can discourage new investors from entering the market and hinder overall market stability.

Let’s take a closer look at each of these challenges and their implications for the crypto trading landscape.

Increased Slippage

Increased slippage is a common challenge in low-liquidity crypto trading environments. As fewer buyers and sellers are available on the market, large orders can have a significant impact on the asset’s price, resulting in unfavorable execution prices for traders.

This can be particularly detrimental for investors with large positions, as it can erode their potential returns and increase their exposure to market risk.

Price Volatility

Low liquidity can also lead to price volatility, as sudden price swings can occur due to low trading volume. Price volatility can be both a blessing and a curse for traders, as it offers potential profit opportunities but also introduces the risk of unpredictable price shifts.

In a low-liquidity market, price volatility can be exacerbated, making it more challenging for traders and investors to navigate the market and execute their transactions with confidence.

Limited Trading Opportunities

Finally, limited trading opportunities can arise from low liquidity in the crypto market. With fewer buyers and sellers available, it can be difficult for traders to find suitable trading opportunities that align with their strategies and risk tolerance.

This can discourage new investors from entering the market and potentially hinder overall market growth and stability.

Comparing Crypto Trading Liquidity to Traditional Finance

Crypto trading liquidity shares both similarities and differences with traditional finance, such as stock and forex markets. While both markets rely on liquidity for smooth transactions, price discovery, and market stability, the decentralized nature of crypto markets, the role of liquidity providers, and the impact of regulatory environments set them apart.

Let’s explore these similarities and differences in more detail.

Similarities

One of the key similarities between crypto trading liquidity and traditional finance is the importance of liquidity for efficient transactions, price determination, and market stability. Both markets, including fiat currencies, operate on the principle of supply and demand, with buyers and sellers interacting to establish the fair market value of assets.

Additionally, both markets experience risks and volatility associated with trading, as well as comparable transaction experiences and user interfaces.

Differences

The main difference between crypto trading liquidity and traditional finance lies in the decentralized nature of crypto markets. Unlike traditional finance, crypto markets operate without a central authority or intermediary, relying on a network of interconnected computers to facilitate trading and secure transactions.

Additionally, the role of liquidity providers in crypto trading differs from their role in traditional finance, with liquidity providers in the crypto space including centralized exchanges, decentralized exchanges, and automated market makers.

Lastly, the regulatory environment surrounding crypto trading can have a significant impact on liquidity, with regulations in various countries affecting the availability of assets for trading, as well as the cost and speed of trade execution.

Summary

In conclusion, liquidity is a vital aspect of the crypto trading ecosystem, with high liquidity offering numerous benefits such as reduced slippage, better price discovery, and increased market efficiency. Understanding the factors affecting cryptocurrency liquidity, as well as the role of liquidity providers and the similarities and differences between crypto trading liquidity and traditional finance, is crucial for traders and investors looking to navigate the ever-evolving world of digital assets. With this knowledge in hand, you’re now better equipped to make well-informed decisions and capitalize on the exciting opportunities that crypto trading has to offer.

Frequently Asked Questions

Is high liquidity good or bad in crypto?

High liquidity in crypto is generally seen as a good sign as it indicates a deep and stable market with low price changes. It also makes it easier to buy and sell digital assets at reasonable prices without having to worry about liquidity issues.

How does liquidity work crypto?

Liquidity in cryptocurrency markets is achieved through the use of order books and market participation. Liquidity pools act as a reserve for digital assets, providing liquidity to speed up transactions for decentralized exchanges (DEX).

Liquidity also refers to the ease with which tokens can be swapped or converted into fiat currencies.

What are the main factors affecting cryptocurrency liquidity?

Cryptocurrency liquidity is heavily influenced by trading volume, the presence of market makers and applicable regulations.

Market makers are entities that provide liquidity to the market by placing buy and sell orders. They are usually large financial institutions or professional traders. Regulations can also affect liquidity, as certain jurisdictions may also affect liquidity.

What are some key differences between crypto trading liquidity and traditional finance?

Crypto trading liquidity is different from traditional finance in that it is decentralized, involves liquidity providers, and is subject to varying regulatory environments.

These differences can have a significant impact on the trading experience, from the types of assets available to the speed of transactions. For example, decentralized exchanges are often faster and more secure than centralized exchanges, but they may not offer the same features as centralized exchanges.


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Diving into the world of Cardano

Cardano is not your average cryptocurrency. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano distinguishes itself from the pack with a unique focus on scientific philosophy and a research-driven approach.

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