Many new entrepreneurs leave the practice after a few weeks or even months. In the end, few of them made it through the difficult beginnings imposed by the trade. The reasons for these dropouts can be summarized as overpowering emotions, the high learning curve required and the time-consuming aspect of the activity. This is especially true if you want to trade cryptocurrencies. A true generator of opportunities, the market still has some surprises in store that can trap beginners and completely discourage them. To overcome these difficulties, trading robots represent a good solution. Let’s see why.
Secure your debut with a trading robot
A beginner’s biggest fear is losing money. Of course, this fear never goes away completely. This is why even some experienced traders fall into the trap. Even if we have control over this fear, the emotions The annexes it creates can be a real burden for entrepreneurs.
This is all the more true for beginners who don’t know everything yet the effects of these emotions in their performance.
They show up in different ways. For example, after a series of losing trades, the fear to be defeated again gives way to a stress destroy. The latter will push to invest more money to cover the losses…
Another example, after a series of winning trades, euphoria see It involves the trader in overconfidence that makes him take positions at all costs, slowly deviating from his initial strategy. The result is like a tense situation and the capital starts to melt.
the Coping with these emotions can be difficult to set up especially for beginners. On the one hand, you need to know this and on the other hand impose a certain discipline on yourself.
it discipline goes through the implementation of a strategy that can prove its value in advance and a money management that includes the risk of loss.
In this sense, trading robots offer a security. Built on computer programs called algorithms, they are by definition no emotion. Therefore, unlike a person who is ruled by his thoughts, a trading robot does not experience fear, stress or even overconfidence. He is not attracted to streaks of winning or losing trades.
Their only purpose is to apply to the letter what they were programmed to do: analyze the market in search of opportunities, take a position and ensure the money management strategy requested of them. In other words, they imposed themselves the discipline required for effective trading.
Bots replace the new and therefore emotionally flawed trader. They ensure the capital management so that no emotion comes to disturb trading and taking positions.
Trading robot: crypto investment without training
Marketing is an activity with its own jargon, its own codes. All beginners should suit them to do the right analysis and find the right investment opportunities.
Crypto trading is even more complicated. He is more than that technical. We are talking about vesting, staking, Proof of Work or even crop farming. A lot of concepts that a beginner needs to understand and learn to use.
For this, he must participate a training it has been a long time since the crypto market was an atypical sphere with its own specifications.
In addition to training, creating and master strategies, testing them to confirm or invalidate them is part of the entrepreneur’s apprenticeship. Even the most experienced have to at one time or another find new strategies then test them in real life or on demo accounts before using them. The market is constantly changing and a strategy that worked yesterday has no guarantee that it will be effective tomorrow.
Therefore, investing without training is an operation with a good chance of failure. Positioning yourself in crypto-currencies in the short or long term requires following certain rules to maximize the chance of winning.
Trading robots are programmed to use of trading strategies. They are predefined and only need to be applied to a trading account.
To notice
The performance of the strategies applied by a trading robot depends on their programming. Some trading robots can be very basic and offer only simplistic and/or ineffective strategies. Others, on the other hand, will offer many backtested strategies that can be used in different investment visions according to your expectations.
Automatically, these programs search graphics configurations, standards, which allows them to stand. They are also responsible for respect for money management rules and limit the risks by placing a stop loss on themselves. Bots also calculate extraction levels.
To sum up, trading robots take care of portfolio management like a pro. Now, new entrepreneurs don’t have to go through the learning curve.
Be careful, though, there are a lot of scams around trading robots. It is important to know before adopting a program.
Balancing free time and crypto trading
As mentioned in the introduction, trading is a demanding activity invest the time.
Learning and mastering one’s emotions is one of the aspects time consuming. Unfortunately they are not the only ones.
Once the crypto trading ideas are acquired, the work of a trader really begins. In fact, most of this activity is monitor and analyze charts. It is important to find the right opportunities, follow positions, take your winnings, analyze crypto cycles.
It’s a watch job that takes time. This is more true when using smaller and smaller time units. However, time is an increasingly scarce commodity these days.
In many cases, crypto trading is thus considered an activity not compatible with a full-time job. Ideally, the timetable should have a minimum of 35 hours of work, entertainmentstime with family and friends. Sales are painfully entering a schedule.
This is one of the reasons that trading robots are created. In fact, they combine busy schedules with active investing.
They work alone without the need for human presence to watch out for. The trader does not need to spend his time in front of the screens analyzing all the markets and properties that interest him. Trading robot is thus an effective way to earn money while having free time to work, enjoy your surroundings or have fun.
In other words, it is a good way to increase your capital without restriction.
