The Forex Market and Crypto Trading
The policies guiding the acquisition of assets in the crypto verse and trading for profit in the Forex market are two different policies. Trading in the Forex market are well regulated and monitored by the global body of banking and industries across the world and follows strict banking policies which are reviewed on a regular basis and updated; while that of the crypto currency are regulated based on the investments in its assets, the more investors, the more money, and the prospect of a greater future, basically the crypto world is controlled by its investors with a white paper to guarantee its authenticity, two great prospects of generating massive income with ease, however of great risk potentials as all capital invested in them could be lost in a wrong trade input or asset acquisition.
The world came into the evolution of digital currency due to the introduction of the Crypto Currency, a new prospect of mobile and online banking and transactions but without the banks or indigenous countries currency and required only the purchase and holding of crypto assets, with the ability to conduct businesses and make payment seamlessly. However the Crypto verse and its operations suffered greatly following global restrictions on its activities due to its unregulated nature in price and its strength to make or break wealth, highly volatile and could crash at any point due to its lack of sustenance and contingencies. The trading of Crypto currency, when first introduced seemed like a gold mine, paving the way for more ground breaking discovery in the banking sector; it came with the ability to transfer assets across borders with ease, bypassing the bureaucracy of most country banking sector, and its hectic banking procedures. Unique wallet ID’s were created, operated by a complex block chain network, which made it difficult to hack therefore, eradicating the issue of losing money to fraudulent activities. But with this advantage came the disadvantage of money Laundering using the complex Crypto Wallet ID, which made tracking of transactions and wallets holders’ identity difficult. Also the use of Crypto Currency made it difficult for the banking sector to monitor and report suspicious financial activities as it was impossible to monitor the transactions of its users; basically the introduction of the Crypto Currency came with the ease of doing businesses across borders, and the ease of running financial transactions and illegal activities which is unacceptable, thus the banning of its transactions in various countries.
Moving further, when it comes to the trading of Crypto Currencies to maximize profit and Forex Trading to generate income, the two wonderful concepts with the ability to generate immense income, and at the same time lose the entire capital a for wrong trade or loss in market value. Monitoring the rise in fall of Crypto assets for Crypto traders is a part of their live using platforms like; Investopedia or Coinbase and Coinmarketcap , particularly the Coinbase platform which guarantees an up to date analysis of the price movement marginalization and market capitalization with notification of any sudden rise or fall in assets worth. Also Binance , another Crypto platform which specializes in the analysis of the Crypto market, Launching and giving notifications of airdrops as well as providing a means of Crypto trading as been essential in upholding the existence of the Crypto verse, managing to regulate the activities of the Crypto Market and providing other Crypto Trading option beyond hold of assets to Peer to Peer trading, Future Crypto Trading, Spot trading and Marginal Trading, all part of the trading experience. However with all this trading options, the probability of incurring lose is still great, except if you focus solely on the spot trading which is still very risky, as this is a form of holding Crypto assets and waiting for its values to rise before selling, then purchase assets when it is low to make profit; during the process of holding an asset, there is no telling if it would crash in price and worth or if it would rise. This sole reason makes Crypto trading unreliable and unstable. Following news update and content release from Merriam-webstar and Ig which still stresses the volatile nature of Crypto assets, it is confirmed beyond reasonable doubt that the Crypto world might be lucrative, but the risk of lose are real as well.
Forex Market:
The Forex market has been characterized with complex fluctuation is the Global economy and in recent times due to the Covid 19 pandemic, most nations are still coping with the aftermath of this outbreak which has also affected the Forex Market badly with the rise and unpredictable sharp fall in the price and exchange rate of one currency to another. The Forex Market unlike the Crypto Currency is regulated by the Banking sector of the World in conjunction with the Banking system of various countries; it is well recognized and regulated to the fullest to support the financial institutions of the World. Trading in the Forex Market guarantees a high yielding income, however not as high yielding as the Crypto Trading or the Spot Trading security of funds. Both do not guarantee safety of funds or capital for investors as this could be lost during the trade, however, the ability to predict the outcome of the Crypto Trading is much more accurate than that of the Forex Market. In a bid to address the issue of loss and maximize profit, various organizations have resulted to using specialized trading bot which guaranteed daily income, and a reduced odd of losing to 0.015%.
The Use of Trading Bot:
The use of Trading Bot brings to account the ease and accuracy of trading in the Crypto and Forex market, eradicating the need for skill acquisition and training, as well as the study of the trend and analysis of the market movement. With the use of the trading Bot, the market movement is well scrutinized using complex programming algorithm to actualize the profit and loss index of the market. The mode of trading is a bit like copy trading from Hot Forex and FXTM however guarantees profit making, and monitors the market to prevent loss in times of critical market fall. The Bot refrains from trading activities and saves money, preventing loss when the market is on a bearish run. The use of trading Bot is indeed very assuring and the ability to guarantee profit is also assuring, however companies which provides this service tends to request for an higher level of commission which could go as high as 50% tends limiting the output for the investors.
Trading on the online market duo of Crypto and Forex is risky, and does not guarantees safety of investors assets and capital, yet has the potential of booming positive financial output; with the use of Trading Bot, the potential of booming financial output is well maximize and the risk of losing trading capital is minimized.
How Does Trading Bot Works
The trading Bot relies on a specific market trends mixed with algorithm to calculate the potential lose and gain ratio before opening a trade to maximize profit and minimize lose or eradicate the occurrence of such. Technical codes to fulfill this are put forth and an automated artificial intelligence identifies this trends to ascertain the possibility of making profit.
Are Trading Bot Profitable
Trading bots are highly profitable and guarantees an high yield return on investment. The Bot which runs of a complex level of artificial intelligence is coded to identify all the market trends and can predict the bearish or bullish run to open trades and execute them, however could malfunction due to the integration of the Bot Algorithm to the trading scheme provider. There is also the issue of server going down and hacking as well, as the use of trade Bot would require the creation of a trading platform with its unique market monitoring trend chart connected to either a Meta 4 or Meta 5 trade graph to execute the trade, the complexity of creating and managing such a system is a major challenge.
Conclusively, trading Bot’s are guarantees maximized profit, and minimized loss ratio, however managing the platform is quite cumbersome, preventing hacks and an up all time server, things that should be considered before investing massively into trading platforms which guarantees the use of trading Bot.
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