KuCoin, one of the most popular exchanges for trading digital assets, has revamped its Trading Bot to offer a seamless user experience for automated trading.
The KuCoin Trading Bot is undeniably popular, with over 2.5 million people using it to trade the crypto markets automatically. Its premise is simple, the algorithm is programmed to seek the greatest returns on investment, while minimizing trading risk, with the goal of extending capital.
Who Should Use the KuCoin Trading Bot?
The KuCoin Trading Bot is an excellent option for beginner traders that perhaps do not yet know the intricacies of the trading markets. It gives them an opportunity to learn trading, while gaining exposure at the same time.
For more experienced traders, the Trading Bot is also beneficial for two reasons. Firstly, the crypto markets are open 24 hours a day and when traders step away from the screen, they can miss opportunities and exit points, for instance. Secondly, a primary principle of trading is to know and understand the assets you are trading.
Professional traders often focus on no more than 2-3 assets of which they have mastered the ins and outs, such as the drivers, the fundamentals and so on. With a Trading Bot identifying entry and exit points based on in-depth technical analysis and incorporating risk management, this opens up the trading markets. It gives traders access to many more assets, without having to conduct the ongoing research necessary to get a trading edge.
According to KuCoin’s CEO, Jonny Lyu:
"KuCoin acknowledges that its Trading Bot tool will solve the problem of needing sleep and trading based on emotions."
What Does KuCoin Offer?
KuCoin currently serves over 8 million users across 100 countries. The exchange enables investors to trade spot, margin, futures and engage in P2P trading, as well as staking and lending on over 40 digital assets. Users of the Trading Bot can also receive a wealth of free educational on-demand services to enhance their trading, by learning the markets.