The crypto market is unique. There are 2 major unique characteristics of a crypto market.

1st - The market is open 24 hours a day, every day
2nd - The market is extremely volatile

There is major price changes, either gains or loss. These characteristics make the crypto market a high-risk high-reward environment.

Therefore, investors are always advised to be cautious and alert to the crypto market fluctuations to earn feasible profit.

Unless you’re an expert and seasoned trader, entering the crypto game is not easy for beginners. The rapid change in the crypto environment will cause new traders’ the inability to respond and make correct trade calls. Even more importantly, these changes can happen anytime, any day.

What is the next best method for a free-time trader?

Trading Bot is a way to overcome human limitations.

By programming a set of rules and instructions to a trading bot, this bot will replicate your trading strategy autonomously.

The few features of a trading bot include:

• Analyze and understand market data
• Purchase, sell and hold crypto assets
• Analyze market trends
• Formulate market risks
• Respond to the market 24/7

Do note, crypto trading bots do not perform by themselves. It requires traders to provide the set instructions and rules to replicate the trade.

A trading bot works by including your set of trading rules in the code of the bot. For example, you may instruct your bot to perform market analysis, collect data from respective sources, and break down into each decision and time to perform either buy, sell or hold a crypto asset in a particular moment.

Besides, there are also plug-ins for bots to assess trade risks. These risks analysis can help traders determine the risk level based on personal tolerance towards risk.

Another function bots are used is to establish connections via API to link with crypto trading platforms, and execute trading based on a pre-determined trading strategy in the platform.

1. Human Emotions
Humans are very emotionally driven. Even the best traders will also make emotionally driven decisions. The fear of loss, greed for more, excitement about the bull market, and the 24/7 market fluctuations will trigger our emotional response, resulting in irrational trade decisions. Trading bots help prevent these decisions by strictly following the trade rules instructed.

2. Efficiency
Bots are highly efficient and effective than humans. They are set to respond immediately should the set market condition triggers their response. There will be no delays or human errors.

3. Time Conserving
Bots do not need to rest as humans do. This means they can be set to represent the trader to monitor the market. You can be AFK, without the need to always stand by. With your set of instructions, your bots will execute your traders even when you sleep.

4. Simulations
Bots are beneficial for traders by providing a simulated environment for practice. Simulations mirrors the actual market environment , and trades happen under the same circumstances. This can greatly prepare a new trader in experimenting and strategising before entering a new market.

1. High Barrier of Entry
Setting up an effective trading bot requires a high understanding and knowledge of programming. Should there be any mishaps, the bot is unable to execute the instructions, resulting in trade losses.
CycronX simplifies trading bot setup, friendly for beginners. The trading bot will be set up by CycronX with CycronX’s unique strategy while new traders will just have to link it with Binance to start trading.

2. Some Monitoring is Required
Bots are limited in their variations of instructions in a predetermined condition. Some human intervention is required in certain situations or conditions out of expectations. Therefore, bots should be regularly monitored and fine-tuned for each scenario.
CycronX’s telegram push notification alerts users to monitor their bots, uses can easily manage the simplified bot system.

3. Security
As many crypto trading bots establish connections via API to trading platforms to execute autonomous trading. This may be the target for criminals to breach through for exploits.
CycronX remains close ties with Binance to deliver you the encrypted trading bot experience. Your investment lies safely under Binance while they trading bot from CycronX automates your trades.

4. Scam
Many online scammers or fishers will promise high amounts of guaranteed returns. Traders should be wise when selecting among the many suspicious trading bots across the internet.
Cycronx practices encryption that is secured under Binance. CycronX operates transparently as an AI trading bot platform under a registered corporation.

CycronX is a cloud-based crypto trading bot that employs an algorithmic programmed trading approach to automate trades.

Best for the trade holders and safe traders, this is the bot you can set aside while it earns for you. Friendly for any traders who lack trading precision for a regular return.

Experience it for FREE here.