EngineeringRobo

ISTRADING CRYPTO PROFITABLE? Crypto trading is profitable but only if done correctly. Follow the steps, strategies, and tips shared throughout our guide, and you will be in a better position to make profitable trades. And a golden rule: Plan your trade, trade your plan. Never Forget: 90/90/90 trading rule. 90% of traders will lose 90% of their account value within 90 days. 1. No matter how much profit you make; what matters is how much you keep. 2. No matter how much you keep, what matters is how much you re-invest. 3. No matter how much you re-invested, what matters is your total return on investment (ROI).

IS ALGOTRADING THE FUTURE OF CRYPTO TRADING?Algorithmic trading, or algo trading, has been around for decades andit has been one of the most effective trading strategies for traditionalmarkets like stocks and forex. In the next decade, many studies predictthat artificial intelligence and algorithmic trading will grow fromunder $6 billion in 2022 to over $64 billion by 2030. There are over150 algorithmic trading robots available all over the world, and moreare being developed every year.Nowadays, algorithmic trading has also become very popular amongcrypto traders because of its effectiveness and flexibility in terms ofrisk management as well as scalability. Algorithmic trading can beuseful in the fast-paced and volatile world of cryptocurrency tradingfor a number of reasons. For one, it can help traders execute tradesmore quickly and efficiently than they could manually search forpotential trades on charting platforms. This can be particularly usefulin a market like crypto, where prices can fluctuate rapidly andopportunistic trading opportunities can arise and disappear in a matterof hours.Additionally, algorithmic trading can also help traders manage theirrisks more effectively. By using algorithms to automatically monitorand manage their positions, traders can set specific rules andparameters for their trades, such as stop-loss orders that automaticallyclose a trade if it reaches a certain level of loss. This can help traderslimit their losses and avoid making rash, emotional decisions in theheat of the moment.Furthermore, algorithmic trading can be more objective and less proneto human error than manual trading. Because algorithms are designedto execute trades based on predetermined rules and criteria, they can avoid the biases and emotional responses that can sometimes affecthuman traders. This can help traders make more rational and informeddecisions, potentially leading to more successful trades.Overall, algo trading can help traders in the crypto market executetrades more efficiently, implement more sophisticated tradingstrategies, and manage their risks more effectively.

MOVING AVERAGE TRADING SECRETSMoving Averages are one of the most widely used indicators intechnical analysis. Whether you’re a new trader or a veteran investoryou should be familiar with this concept.Moving averages represent the average price of a cryptocurrency overa specified period of time. The most commonly used periods are the20, 50, and 200-day averages. But, depending on timeframe and style, some traders use the 20-day while longer-term investors might use the50-day. A 50-day moving average represents the average price of acryptocurrency over the last 50 days. Take the sum of a crypto’sclosing price over a certain number of days (50, 100, etc.) and thendivide that sum by the set number of days. Do that continually and youwill find a crypto-moving average over time.

High-Profile ProjectsIn the NFT format, the first piece of art was a black and white work by the artist Banksy, a 2007 stencil called Morons (White). Blockchain company Injective Protocol bought it, burned it, and created an NFT — a virtual asset tied to a “digital image of an art object”.The first musician to turn his album into a token was DJ 3LAU. He sold a limited edition album and made $11.6 million. After that, singer Grimes, known as the mother of Elon Musk’s child, sold 400 NFTs featuring her drawings. In just 20 minutes, the token sale brought Grimes $5.8 million.Overall, for creatives, NFTs are a way to monetize their skills and expand their audience. Because of the lack of logistical difficulties, it’s easier to sell artwork digitally than it is offline.It’s not just artwork that sells in the format of the non-fungible token. Even a popular meme can have a new owner. For example, in the gif Nyan Cat, the cat is hurtling through space and leaves a trail of rainbows behind it, which sold at auction for $590,000.However, last year’s most high-profile projects in the NFT industry have been the CryptoPunk, Meebits, and BAYC (Bored Ape Yacht Club) collections. They include several thousand collectible cards and pictures in a stylized modern art format. The total value of the collections is estimated at several billion dollars. Hundreds of thousands of crypto enthusiasts and investors are after such NFT exhibits.These and many other projects likely have growth prospects, as the technology, according to experts, has not yet reached the peak of its capabilities.