In a lot of cases, this can be nothing short of overwhelming for the trader, having to keep an eye out for price changes, trends, news, strategies, the amount of money they have, the minimum investment per platform, comparing prices on different exchanges, and much more. Not only is it overwhelming, but impossible for any human trader to collect all that data and react adequately in real-time.
This is why cryptocurrency trading bots were developed, as this advanced software, powered by artificial intelligence, can conduct these processes in a matter of seconds, and make the best decision according to data, rather than feelings, which is another advantage over human traders.
Of course, robots are constantly being improved in order to be better, more precise, faster, and turn greater profit for the traders. One of the most recent examples is an arbitrage trading bor developed and launched by Sigmax.io, which recently went live.
Traders are finding it harder to manually make correct predictions, and investors have started turning to arbitrage trading in order to boost profits, but also to avoid transaction exposure. This is largely also in part due to the issues mentioned earlier — traders require detailed knowledge of exchanges, their fee structures, APIs, and more, before they can place orders and make successful trades. Of course, this is also only technical details regarding the exchanges they are using, and details about crypto prices, strategies, and other things mentioned above are an additional burden.
So, Sigmax.io brought a solution that will help traders level the playing field and act as an advanced tool against advanced issues.
This is a common strategy that is used throughout the industry, and it is based on the tested and logical principle of buying low and selling high. However, when done by a reliable robot, it can help bring traders quite strong returns.
The robot is also very user-friendly, and easy to get started with. All that users need to do is sign up for an account, make a deposit in crypto or fiat, and let the robot do the rest. As mentioned, the robot is also equipped to trade forex, meaning that users can use it for regular currency trading.
Withdrawals are possible every 24 hours, depending on the asset values. As for the supported cryptocurrencies, users can deposit all the most popular coins or fiat, including the USD, Bitcoin, Dogecoin, Ethereum, and more.
The robot is supported by over 22 major crypto exchanges around the world, with access to over 12,000 markets that Sigmax.io, itself, follows.
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Source: Cryptocurrency - investing.com
