Investors looking to leverage automated trading must first select a platform, determine their strategy and begin implementation.
With the rising of automated trading platforms, users now have a greater selection than ever before, each of which is designed to simplify the process for new and experienced investors alike.
TradeSanta is a cryptocurrency trading bot used across the cryptocurrency industry, allowing users to take advantage of automated trading strategies. The trades are executed per market movements based on pre-programmed instructions with access to DCA and grid strategies, in addition to more advanced features, including stop loss and trailing stop.
With this combination, investors can manage risks in the event of both market reversals and corrections. More recently, TradeSanta released a Trailing Take Profit feature so investors can also take advantage of uptrend periods following a dip.
That said, a trading bot is nothing more than a piece of software that executes trades based on how an investor sets them up. Therefore, with a proven strategy and a careful eye on the market, substantial profits with automated trading can be possible in any market condition, with platforms like TradeSanta making it simple for users to set up.