Four Of The Best Crypto-Trading Bots

In our previous post we have learnt and understood what crypto-trading bots do and what you as a trader should be looking for while choosing a trading bot. If you haven’t read the blog, it is advised that you do so before you read about the various trading bots mentioned below:

Zignaly

This is a trading bot that is still in its development stages. However, you can still use the beta version of the app for free and make great profits from using the bot. Even though it is a new contestant to the trading bots industry, it has accomplished to win over the hearts of many crypto enthusiasts. The main reason for its prevalent fame is the transparency provided by this trading bot. Unlike other trading bots whose developers don’t share many details on how to contact them, Zignaly prides on the developer’s sincerity to the community. Users of the bot can easily connect with the developers of the bot in case of any issue that they face or even provide them with suggestions to add more features to the bot. Either way, being in touch with the developers offers a sense of trust. On top of all this, the bot also permits users to device their own modified trading strategies. Thus, giving litheness to the more practiced traders as well.

Cryptohopper

This might be a new bot in the crypto trading market. However, this novice has managed to turn heads due to the wide array of features that this bot offers. One of the downfalls of most trading bots is that they run on your local machine. This means that they run only when you have turned on your PC. With the rise in curiosity for cloud-based technologies, Cryptohopper uses cloud technology to keep the bot running 24/7. By running the bot on a cloud, users will be able to place trade orders even during the night. Thus, no chance is missed. Another key reason that led to the rise in renown of Cryptohopper is its ease of usage, particularly for the novice. The bot has unified with an external trading signaller. This means that anyone can start using this bot by running it on autopilot. This is a boon to the new traders, who need not fear afor setting trading signals for their bot. The bot also lets more skilled users mess around and set their own trading signals. Thus, satisfying the needs of both.

3Commas

Even though 3Commas bot is very new to the trading bot scene, it has been able to provide its users considerable gains, even during the crypto bear market. The unique feature that separates this bot from the other bots is its ability to trail any crypto market. This allows the bot to close the trade at the most profitable position even though the target gain set by the user had already been reached. This feature helps immensely during the crypto bull run.Additionally, the bot also allows users to trade multiple cryptocurrencies at the same time. Thus, not missing out on any good trading opportunity that comes along the way. The bot is set up on the cloud and is accessible through the website. This means that the bot runs 24X7. The bot can be configured with Binance and Bittrex right now and more reputable exchanges such as BitFinex, Poloniex, KuCoin, etc will be added soon.

Gekko

This is the most versatile cryptocurrency trading bot in existence right now. For anyone who wants to learn a thing or two about trading bots and not spend any money buying one, then Gekko is the bot for you. The Gekko trading bot is an open source bitcoin trading bot project that is accessible for anyone to use for free. The fact that it is free to use is the main reason for its wide popularity. Like any other open source projects, Gekko is free of almost all bugs and even the ones the pop are repaired up at lightning speeds. The Gekko bot can relate with several exchanges, including Bitfinex, Poloniex, and BitStamp. The bot uses a web interface to interact with the users and can run on a local machine with Windows, Linux or the Mac OS. The bot comes pre-configured with some trading stratagem. You can begin using the bot on autopilot as soon as you install and arrange it with an exchange. However, if you would like to use your own trading strategy, the bot also allows you to construct it to your liking.

Pick a crypto-trading bots that suits your needs the best and use it on one of the 14 exchange platforms that XcelToken Plus is listed on to make profits, with a touch of a button.

Common Mistakes to Avoid While Trading Cryptocurrencies

Many people are now making their way into the world of cryptocurrencies. What attracts them here, simply put are the, excessive amounts of opportunities that the crypto-world has to offer (privacy to profit). Trading beginners tend to be very inquisitive when it comes to cryptocurrency trading. Trading is a type of activity that involves work to extract profits from the trading process. It is essential to develop specific qualities necessary for achieving high competence, particularly, a very analytical and attentive mind.

Those that are new to the crypto world hoping to earn a difference in the exchange rate without putting in much efforts. However, the reality is something that is completely the opposite this makes armature traders extremely disappointed in this kind of activity. Below is a list of common mistakes to avoid while trading cryptocurrencies:

Keeping yourself uninformed will be catastrophic

Anyway, it is you who will spend your money on purchasing cryptocurrencies. If you do not understand the product and its value, but only listen to “experts” from Medium, Twitter or Slack, who tell everyone when to purchase and sell currency, you will get into big trouble and lose a lot of money. If your decision to buy a currency hinge on on the opinion of someone else, then you will have to rely on this view and when selling. Explore the marketplace in which you work.

Don’t put in money that you cannot afford to lose.

As an example, we will bring to the deposit all your available savings, or, especially, loan funds. Not a single person is covered against failures and errors; even professional traders often bear significant financial losses. The stories of newcomers who succeeded not to make any of the typical mistakes at the beginning of the trade route can be called anomalous, or at least unlikely, with independent trading from scratch. Mistakes must be made (not intentionally, of course) because learning from their mistakes is much more effective than on others – this is a characteristic feature of obtaining practical knowledge. The best thing you can do before the start of exchange trading is to minimize the consequences of initial errors in advance. The rest will come with time.

Do not make decisions based on emotions and mis-information

Admittedly, avoiding this mistake can be difficult, especially if you follow the news from the world of cryptocurrency on Twitter with messages like “ABOUT THE LORD, THE COURSE IS GROWING ALL BUYING” or “So it seems that bitcoin has come to an end, it’s better to sell. “Let there be some truth in these reports; it is materially impossible to follow everything at once and, in general, the most patient ones still win. No one in Telegram chats will spread REAL insiders (private information about the prospects of pricing); moreover, even advertised paid channels often give more erroneous information than true. Rely primarily on your experience and recheck the incoming data. And, if you have a plan of action, thought out in advance, it can be fatal to depart from it by shifting moods.

Refrain from selling your coin at peak values

“This is not the maximum, hold and do not sell,” advised experienced investors. The point is that you never know how much a particular token will grow. For example, if you bought bitcoin for $100, you probably experienced an incredible desire to sell it when it jumped to $ 1000. But today you would have regretted it a lot: the ether is already trading above $ 9,000. For selling cryptocurrency, you need a strategy. Set a goal and strive for it, no matter what. Yes, with the fall of the market it will be incredibly difficult to look at how money flows. But is it worth to panic and sell everything at once? The answer is one: no.

Refrain from buying cheap coins without knowledge of the currency

Even before investing funds, it is clear how the currency will develop. If this is not a risky investment, then it is necessary to calculate what the result will be from the investment. A coin can develop, but it can be a fraud. You cannot invest money in currency, just because it is cheap. Many inexperienced users are used to thinking that most of the altcoins with a small price are merely underestimated. This is because there are already many stories of sudden growth in value. But this is not so – not all of the cryptocurrencies are profitable.

Security

This, perhaps, is the most serious error possible in the crypto- community today. Hundreds of millions of dollars were lost because people trusted all their data to a stock exchange that was hacked, or to a service that stopped working. With the development of technology, scammers and hackers do not stand still and where money is free, without sufficient control, those sin for them not to take. Even if you have a little money now, and even if you did not plan to stay in the trade for a long time, you should carefully approach the security of your data: two-factor authentication, use of individual computers, data encryption – are mandatory. You need to write down all your passwords, secret keys, print them and hide in a safe place. Thus, if something happens to your computer, you can restore everything to another device.

Fear of Missing Out

Fear of Missing Out. It manifests itself in situations such as the early sale of an asset due to fear of losing profits, buying at the maximum because of the feeling that you are missing something important, or the fear of misplaced a promising ICO, which is why you are capitalizing in dubious projects. It is the fear of losing the profit most often and leads to the fact that we drop profit. Getting rid of FOMO is tough, but you can fight it. To do this, create a set of rules for trading on the stock exchange or choosing a project, as well as limits on the possible allowable losses and profits. Be above it. It is important to understand that new opportunities in the world of cryptocurrencies appear every day, so relax and let this fear retrocede.

Endurance is the key to trading in cryptocurrency. Do not be afraid to slip any deal – the marketplace is so big and ever developing that there will be sufficient money for everyone. However, make sure you remember that it is easy to make profits on the market, but it’s hard to keep what you have made. Do not let greed and greed get over yourself. Follow this list of mistakes that people make while trading cryptocurrencies so that you can stay ahead of the game.

Cryptocurrency Trading Strategy: How Does Arbitrage Work?

Arbitrage is a simple cryptocurrency trading strategy where in you buy a cryptocurrency on an exchange platform that quotes low price for the token that you are aiming to trade with and sell it on another crypto-exchange platform where the price is high for the highest bidder.

It’s a forthright and lucrative cryptocurrency trading strategy on the exchange, which requires only steady monitoring of exchange values. However, including possible pay-outs, you need to take into account the commission that some exchange platform charges. If the variance in the exchange rates of one coinage on exchanges is 2–3% or more, the trade can be lucrative. In case the exchange variance is less than 2%, then the turnover will be minimal, or it will not be at all because of the charge.

Moreover, arbitrage traders can profit as there are quite low buyer figures and competition — when you liken it to the traditional marketplaces.

Let’s say you’ve bought 20 XLAB’s for 700 odd Dollars at some exchange, moved it to your wallet and have trade it instantly on alternative exchange for $800. You will profit off of this trade.

Use this cryptocurrency trading strategy on any of the 14 Platforms that XcelToken Plus is listed on and make profits instantaneously.

ADVANTAGES OF CRYPTOCURRENCY

The world is becoming more and more economically unsafe. This is not to say we are not growing. But as Nassim Taleb states in his book. Antifragile. Our economic mechanism is like a glass jaw. It all comes booming down when it gets hit with a small blow. Both long term and short term this is not good for you and all of the hard-working inhabitant of the world, so investing in cryptocurrency is the best option we have. Here are some of the advantages of cryptocurrency that one should keep in mind:

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Fraud: Cryptocurerncy is digital and cannot be forged or upturned arbitrarily by the sender, as with credit card back charges.

Identity Theft: When you give your credit card to a business, you give the business the admission to your full credit line, even if the transaction is for a small amount. Cryptocurrency use a “push” mechanism that lets the cryptocurrency holder to send precisely what he or she wants to the business or receiver with no further data.

Immediate Settlement: Purchasing real property characteristically involves a number of third parties (Lawyers, Notary),delays, and payment of fees. In numerous ways, the bitcoin/cryptocurency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts is intended and enforced to remove or add third party endorsements,reference exterior facts, or be finished at a future date or time for a fraction of the expenditure and time required to complete traditional asset transferences.

Access to Everyone: There are about 2.2 billion persons with access to the Internet or mobile phones who don’t presently have access to traditional exchange platforms. These persons are primed for the Crytocurrency market.

Lower Fees: There aren’t typically transaction fees for cryptocurrency exchanges as the miners are remunerated by the network. Even though there’s no bitcoin/cryptocurrency transaction fee, several expect that most users will involve a third-party facility, such as Coinbase, making and maintaining their own bitcoin wallets. These facilities act like Paypal does for cash or credit card users, offering the online exchange structure for bitcoin, and they are likely to charge fees.

With all these advantages of cryptocurrency in mind find a suitable currency to invest in and trade in cryptocurrency in order to make sure that you reap the benefits of this form of currency transaction and trade.

XcelToken Plus The Future of Cryptocurrencies

With a size of USD 8.27 trillion global economy, the travel industry is one that see a steady upward growth adding to an already existing revenue of about USD 1.34 trillion. Like any other industry, this too has its own shortcomings, with fluctuating currency values, the everchanging policies of various countries, travel for pleasure and for business can be affected. One point of concern for every traveller is exchange of currencies and the hassle that comes along with it. It is true that one can use digital wallets and credit cards, but these payments may incur the traveller an additional cost that can be avoided with the use of cryptocurrencies.

Cryptocurrencies are becoming a favourable medium of exchange, during travels as they do not adhere to global norms that traditional currencies are subjected to, making transactions cheaper and expensive destinations far more reachable to a larger audience. The future of cryptocurrencies is essentially in the regularization of the use of digital wallets that support these transactions that make travel, simple and secure as cryptocurrencies make transactions between two or more parties, trustworthy.

Multiple countries, such as South Korea, Australia, Finland and so on, have currently taken a fancy into assimilating day to day cryptocurrency usage and are actively working towards the regulation of cryptocurrency, that affect the market, but also enable the blockchain boom, making it the best time to invest in cryptocurrencies and for cryptocurrency users to travel to Crypto-friendly destinations.

You can now use XcelToken Plus, a utility token with multiple use-cases, to book your travels on XcelTrip and make sure that the future of cryptocurrencies is bright.

XcelToken Plus the Future of Digital Currencies.

Our history book provides us with very little knowledge about how our economy came to be. This post aims to give an overview of how the currencies that we know of today, have evolved and go in detail on digital currencies– the present talk of the town.

After a long period of time, historians, say that societies discovered that they found it safer and easier to exchange goods with goods- the barter system, instead of going into war with each other, frequently traded, between individuals or societies, for other goods were domestic animals like cattle and goats. With the development of farming in the 8^th millennium grains were added to the list of exchangeable goods.

It is, only after the trade around the extraction of rich metals that the commodity currencies came to be used, the kingdom of Lidia on the western cost of Turkey is said to have crafted coins that were a mixture of gold and silver- “Electrum”. They were standard in weight; ranging from 0.15 grams to about 14 grams, in irregular shapes and sizes. Aside from Lydia, Greece and a few kingdoms and individuals from China that used coins for trade. The innovation of paper currencies, scholars say, can be credited to the Chinese, as they found it to be lighter auxiliary for coins. The momentum of paper currencies took its time to reach Europe. By 1661 banking institutions had been formed and the government of Sweden issued its own state sponsored banknotes. Further to which the Bank of England was formed. From then on various different world currencies came to use and various laws and policies were created to keep counterfeit and various frauds from taking place.

Subsequently, Paper currencies were normalised and newer technologies have come into play to make transactions easier, digital currencies and E-wallets like PayPal and others are some innovations that are playing a major part in reducing paper currencies in the 2010s. The initial idea for digital cash, even though a failure, in a way paved the path for the Cryptocurrencies to come into existence, people have taken a keen interest in its growth and market, with multiple use cases for them, making it the best time to invest and use cryptocurrency, through your digital cryptocurrency wallet. The blockchain technology that cryptocurrencies are formed in make transaction and trading much safer than that conducted through a bank. Just Like Bitcoin XcelToken Plus is a rising star in the realm of digital currencies.

XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 perfect cryptocurrency trading platforms. Shift over to digital currencies and capitalize on the growing market.

Cryptocurrency Trading for Beginners

Before you select a broker and try out various exchange/ trading platforms, there are a few forthright things to get your cranium around first. Understanding and tolerant of these three things will give you the best chance of succeeding when you step into the cryptocurrency trading field.

Find out what’s growing – Bitcoin, Ethereum and Litecoin top the list for tradability and ease of use. However, there are also Zcash, Das, Ripple, Monero and several more to keep an eye on. Do your homework and find out what’s on the up and focus your attention there.

Embrace volatility – Cryptocurrencies are superbly volatile. The price of Bitcoin, for example, went from $3,000 down to $2,000 and then leapt up to nearly $5,000, all in three months in 2017. While this means risk is high, it also means the potential for profit is great too. It’s always sensible to check the volatility of the exchange you decide to go with.

Understand blockchain – You don’t need to understand the technical complexities, but a basic understanding will help you respond to news and announcements that may help you predict future price movements. It is principally an incessantly growing list of secure records (blocks). Cryptography safeguards the interactions and then stores them publicly. They aid as a public ledger, cutting out mediators such as banks.

These are all the points that you need to know if you are just beginning cryptocurrency trading with your XcelToken Plus.

Fiat to Crypto Trading

If you have some money that you want to invest. The portals which connect our world to the crypto-worlds are called “exchanges.” There are a lot of exchanges out there, however, before you choose to capitalize in one, there are few things you need to look out for. Follow this crypto trading platform:

Validity: Beforehand you even do everything, first make sure that the exchange is available in your area. Eg. CoinGeo, one of the exchanges, is not available in India and Indonesia. So beforehand you do anything please check this.

Reputation: Next thing that you need to check is the reputation of the exchange. Are people happy with their services? Has it been hacked recently? How secure is it? Have people complained about it? Twitter and Reddit are good sources for checking this.

Exchange Rates: Up next we have the exchange prices. Different exchanges have their own exchange prices, that may vary. Do your research on 3 or 4 exchanges and their prices.

Safety: Always select exchanges which need some sort of ID proof from you. Even though they may take time, they are effortlessly 100 times more safe and secure than anonymous exchanges. At the end of the day, it is your hard-earned money. You must take that extra step to keep it secure.

General Trading Strategies For XcelToken!

One of the best ways to method the trading world is with an open mind, just like anything new that you want to learn. Get your loofa ready and absorb the following general trading strategies listed below:

Long/Short – These are basic verbiages that are being used in the trading world. When a trader is in a “Long” trade this means that they have bought something and are eager that the price will go up to make a profit. On the other hand, when a trader is doing “Short” trades this means that the trader sells what they have in hand.

Pairs Trade – Taking the idea of long/short trading and making a profit on whether the price goes up or down. This obvious strategy was not realized until the 80’s by people that love numbers.

Swing Trading Strategy – Swing trading is somewhere in the middle of Day Trading and Trend Trading. This is because Day Trading is holding an asset from a couple of seconds to a few hours but never more than a day. Trend Trading, on the other hand, is when the trader looks for a longer timetable and keeps the asset amid weeks to months. Swing day traders hold an asset for a pair of days up to a few weeks.

Scalping – A trading style (not selling tickets for a higher price) that is the most active one to date. This is because a trader that follows scalping takes advantage of smaller gains but on a larger scale. Multiple entries and exits will pile up and make a hefty sum.

Day Trading – As stated earlier day trading is the buying/selling of assets within the same day.

Trading on the News – Transaction on the news simply or generally means trading in times where something “happens” like a terrorist attack or normal tragedy that forces the asset to plummet.

Use these general trading strategies on any of the 14 platforms that XcelToken Plus is listed on and make the most of your tokens.

XcelToken Plus Trading Strategy Parameters to Keep in Mind

XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 Exchange Platforms. This article aims to make the new traders understand the parameters that a simple trading strategy must contain.

The Ticker name of XcelToken Plus is XLAB

A simple trading strategy contains the following’s parameters:

Risk: how much loss are you going to grip on the trade.
Price: the price at which the trade is going to be implemented.
Quantity: the sum of wealth which will be put in the trade.
Entry trade: based on the stratagem it will perform a buy or sell action at an already defined price.
Exit trade: based on the trade outcome, the strategy decides if it wants to exit that position.

To start building your own strategy it is vital to choose the marketplace you want to trade in. Then, you don’t have to start from zero, you can use a public one based on diverse groupings as trend-following. There are adequate strategies out there. It’s very imperative to enhance the strategy to be reliably profitable on new, unseen data.

XcelToken is adopted into usage on XcelTrip– an online travel reservation platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency.

Log into one of the 14 Exchanges and start implementing these parameters in your trading strategy with XcelToken Plus (XLAB) now.