Are you tired of sitting in front of the charts day and night, going long and short, watching your capital melt away before your eyes? Well, you are not alone. All over the world, ambitious people who want to make money in the markets are doing the same thing, and the sad fact is that about 90 per cent of them are also losing money.
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Are you tired of sitting in front of the charts day and night, going long and short, watching your capital melt away before your eyes? Well, you are not alone. All over the world, ambitious people who want to make money in the markets are doing the same thing, and the sad fact is that about 90 per cent of them are also losing money.
What people don’t realise is that successful traders hone their craft over many years. Contrary to popular belief, they don’t work on technical analysis so much as they work on themselves. That’s right, the biggest hurdle most traders have to overcome to be successful is their own stubborn psychology.
Humans are, by and large, emotional beings. Unpacking all the cognitive biases a person has can be a lifelong process. And it is these biases, along with good old fear and greed, that turn balance sheets into mincemeat. One of the best ways to get around the problems associated with emotional trading is to invest in a trading bot and programme it to buy or sell when certain conditions are met.
We will introduce you to a crypto robot that does this work for you. We report the most important facts and Bitcoin Trader experiences.
What is Bitcoin Trader?
Bitcoin Trader is reportedly software that uses intelligent algorithms, artificial intelligence and machine learning to automate cryptocurrency trading. This takes away the hard work of manually analysing charts and technical data to place successful trades. The crypto market moves fast and is almost unbeatable. The website claims that this trading robot can analyse, calculate and make decisions in a split second, giving its users an edge. In the following, we will enlighten you about the experience with the Bitcoin Trader trading software.
Who is behind Bitcoin Trader?
The people behind this bot have chosen to remain anonymous, just like Satoshi Nakamoto and other pioneers of blockchain projects who value their privacy. Such people do not seek recognition for personal gratification, but aim to make a difference in the world by offering products that change people’s lives. Judging by how sophisticated this trading bot is supposed to be according to user testimonials, the team behind this platform would have to be made up of people who know how to develop complicated trading software and how the trading markets work.
How to use Bitcoin Trader
First steps
On the official Bitcoin Trader website, scroll down to the middle section and click “Join Now”. This will open a form where you need to enter your name, email address and phone number and then click “Register Now”. You will be connected to a broker who will help you access various trading markets where you will need to click on “Open Terminal”.
Make a deposit
Once you open the terminal, you will be redirected to a page where you can fund your account. Enter your address and other relevant details and then click “Continue”. You will be taken to a page where you can select how you would like to make the deposit. You will find several options including credit/debit cards, Neteller, Skrill, Bitcoin, Rave and DusuPay. Choose the mode that suits you best and proceed with the deposit. The money will appear in your account immediately, but sometimes this process can take up to a few hours.
Start trading
Before you start trading, you need to verify your account by submitting photos of your official ID card or passport and a document showing your place of residence. Then visit the demo account where you use the platform’s resources to practice trading cryptocurrencies and set strategies with the autotrader. Once you are comfortable with your skills, set up your strategy and let the bot trade for you.
Is Bitcoin Trader a scam?
Based on our extensive research of user references and online reviews, Bitcoin Trader appears to be a legitimate cryptocurrency trading bot that offers fast payouts and processes withdrawal requests within 24 hours. Customer support was also very responsive and professional. Any issues we had using the bot, they were available to offer support and their services were available 24/7. In addition, this platform has to verify their identity by uploading official documents, as they have to comply with the regulators who oversee money-making platforms to ensure that no fraud or fake business is taking place.
Bitcoin Trader: What differentiates it from competitors?
When comparing Bitcoin Trader to many other trading bots such as Bitcoin Era or Bitcoin Code, it can hold its own, with some traders reporting a success rate of more than 75 percent, according to the website.
Bitcoin Trader can execute a large number of trades every minute and does so by tracking the underlying price movement and reacting when certain price conditions are met. We have found that Bitcoin Trader works particularly well in various markets with medium volatility.
The main advantage of Bitcoin Trader is that it takes the guesswork out of trading. When set up correctly, the bot gets to work, buying and selling and making profits.
However, it is worth remembering that market conditions can and do change. While prices fluctuate, Bitcoin Trader does well and the 75 per cent return is realistic. But if volatility and volume increase and there is a breakout, you may find that you need to use a different bot that is better suited to the new conditions.
Bitcoin Trader: Our conclusion
Bitcoin Trader is a strong performer in one area, and that is range trading. It’s easy to set up and use, but not as inspiring as other bots that perform well in different market environments like CryptoHopper.
But if you’re looking for a bot that complements an existing strategy and need something that performs well in one area to further strengthen your edge in the markets, Bitcoin Trader can provide solid support
The main drawback with Bitcoin Trader is that you really need to pick your markets. You need to find a pair with relatively low volatility – which is hard to find in crypto – where the price is between two different levels.
The other problem is that when a range emerges, prices are usually stuck between two barriers for a while. This means that the probability of a breakout in one direction or the other increases at the time you realise that the price is contained. This factor, combined with high volumes typical of real breakouts, makes the Bitcoin Trader bot virtually useless.
In short, if you don’t want a bot that is a one-trick pony, Bitcoin Trader is probably not for you.