Top 5 Advantages of Automated Trading

Trading algorithms have existed for many years in the field of financial markets. Professional traders no longer hide the fact that a human being cannot monitor the various markets 24 hours a day, 7 days a week, which is why they increasingly rely on automated trading systems (algorithms, bots or strategies). This is of course also the case in the domain of cryptocurrencies. There are many benefits to using an automated trading system, but what exactly are they?

What are the advantages of automated trading over manual trading?

1. Discipline: Automated trading sticks to a predefined strategy to achieve the goals set. At no time human emotions will enter into the equation. For example, if the target was to take a +10% profit on an asset, the bot will stop there. While a human being might be tempted to let the asset go up even more in order to have better profits, with the risk of losing everything afterwards.
   
   
2. Trade while you sleep: An other very important advantage of automated trading is that your bot/strategy will monitor the market 24/7, regardless of the time zone. While you are sleeping, your bot will still react to the slightest market movement, without needing you.
   
   
3. No need to be a pro: Trading with technical indicators is not for everyone, but thanks to strategies developed by experienced traders you can trade like the pros on complex algorithms without the need for technical analysis in order to make an optimal trade, the automated strategy takes care of everything.
   
   
4. Reaction time: Being reactive in trading is CRUCIAL. If an upward or downward movement is triggered then every second will count towards profit. If you're not in front of your screen chances are that you won't be able to place an order, whereas with automatic trading your bot is able to react to the second, whether you're on a plane or in the shower.
   
   
5. Diversification: Automated trading allows you to trade dozens of different assets at once without having to monitor all these markets one by one. You can also trade on different trading platforms. Diversification allows you to spread the risk and it is one of the keys to success.
   
   

Discover the automated trading of cryptomoney by registering to Kryll platform : https://kryll.io/

Website : https://kryll.io
Twitter : @Kryll.io
Telegram EN : https://t.me/kryll_io
Telegram FR: https://t.me/kryll_fr
Discord : https://discord.gg/PDcHd8K
Facebook : https://www.facebook.com/kryll.io
Support : support@kryll.zendesk.com