Trading bots are a sophisticated way to create a passive income by using various indicators and chart pattern scanners, through computer algorithms.
When certain parameters are met, the bot will execute the trade on your behalf.
Some trading bots require coding skills that are needed to program the bot to open and close trades for you.
CryptoHopper is different, AND more user friendly, in that it doesn’t require you to program it.
This might make you think that this is the easy way, well it might be, as you wont be sitting in front of your computer looking for signals that the trading bot will see long before you do.
It will make the decision before you do and gives you an extra edge, but it is not infallible and people have lost money through bots buying and selling.
But its becoming more popular to use Trading Bots. At least from people I speak to, who use bots more frequently.
Nowadays, you can follow set ‘programs’ for the bots to follow, with a limited resource of funds etc. as it is imperative that when trading, you are prepared to lose, as in this game, most people do.
Although it can happen, most people will not get rich by doing this, but you can earn more than simply earning savings interest from your bank!
We will rather stick to trading bots that do NOT require any coding, but rather require an easier ‘select parameters’ and go!
Cryptohopper is a trading bot, which supports Exchanges like KuCoin, Binance, Coinbase Pro, Bittrex, Poloniex, Kraken, Huobi and Bitfinex.
Cryptohopper is fully Data-driven, and doesn’t fall foul of Panic selling or secombe to greed either, it uses pure analysis to make decisions..
It doesn’t require any coding knowledge to setup, AND you can follow strategies from experienced traders, or choose from advanced strategy ‘cheat sheets’ available.
You can choose to follow traders who trade for a living and provide insights and leads into the decisions they make daily.