All-in-One Crypto Trading Software

An all-in-one crypto trading software integrates multiple exchanges, including top crypto exchanges like Binance Chain, Huobi, and Bitfinex. This allows users to place their buy and sell orders on the platform without needing to open an account across all the crypto exchanges.

#All-in-One Crypto Trading Software

Cryptocurrency has been the buzzword for the last decade, with investors attracted to the high performance and quick price surges of crypto assets. Even those who’ve never traded before have started to learn how to get into cryptocurrency. However, crypto trading requires technical knowledge, and it’s difficult for every beginner to turn a  profitable. This article will explain some of the details of crypto trading and soon you’ll be asking how to make your own crypto exchange site.

#What Is Crypto Trading Software?

Cryptocurrency trading involves speculating and taking a financial position on the price direction of individual cryptocurrencies against the dollar or other crypto. This process of manually analyzing the market to take a financial position has been automated, absolving traders from the technical aspect involved in crypto trading.

Crypto trading software are programs designed with artificial intelligence, machine learning, and other smart technologies to retrieve data from crypto markets in real-time using APIs. This crypto trading software then analyzes the information using predefined trading strategies to derive useful and actionable metrics or draw conclusions about trading signals.

#All-in-One Crypto Trading Software

An all-in-one crypto trading software integrates multiple exchanges, including top crypto exchanges like Binance Chain, Huobi, and Bitfinex. This allows users to place their buy and sell orders on the platform without needing to open an account across all the crypto exchanges.

Read here to learn more about white label crypto exchange.

A high-performance, all-in-one crypto trading software like Arkebot functions as a portfolio management tool. Acting as a personal broker assistant, these tools are designed to ensure that the portfolio value of their users is always growing. An important feature of this software is customization, because traders have different needs at different levels 

These customizable crypto trading software allow users to personalize the interface to suit their goals and trading strategy. Speaking on trading strategies, ArkeBot allows users to execute multiple strategies, including:

1. 'Circuit Breaker' Strategy–this is one of the safest and most efficient traders, especially for newbie traders. The circuit breaker strategy monitors orders on an account and compares prices with a source exchange. It is designed to cancel orders too far from current order book offers on the source exchange—a safety measure in case the strategy creates a market crash or has a defect.
2. Copy strategy–as the name implies, the copy strategy uses a source exchange market to create an order book on a target market.
3. 'Fixed Price' strategy–this strategy creates an order book on a market without using any source market.
4. 'Order Back' strategy–this strategy behaves like the Copy strategy and can order back the liquidity from the source exchange market. The Order Back strategy creates an order on the source exchange, containing the matched amount and the same price without the spread. This way, if the spread configured is higher than the exchange fee, the profit and loss will be positive.

#Why You Need an All-in-One Crypto Trading Software

As humans, we are limited in how much time we can spend analyzing the markets and trading daily. However, these programmable all-in-one crypto trading software run 24/7, maximizing the profit that a crypto trader can make. Unlike humans, who are subject to changes in emotions that can alter a strategy and market analysis, trading software is designed to execute the strategy free of sentiment. 

To improve trading efficiency, ArkeBot allows traders to import additional strategies that are tested and trusted. Both centralized and decentralized exchanges can be connected to the ArkeBot software, giving traders access to even more crypto assets to trade.

#In Summary

Leveraging an all-in-one crypto trading software can be crucial to ensure new traders remain profitable when trading in the crypto market. These tools can also be the turning point that helps more experienced traders scale to the next level of consistent profitability.