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Bitbns partners with Tradeton to facilitate automated trading
June 22, 2022
According to Gaurav Dahake, founder and CEO, Bitbns, the collaboration with Tradetron will offer users the proposition to avail of a systemic approach to active trading rather than being led by emotions. “By following a defined set of instructions pertaining to price, quantity, timing, among others, this trading mechanism has the potential to help build discipline into trading. Additionally, the platform will help build trust among retail investors who can now bank on a computer program to use smart trading while opting for the strategy that works best for them,” he added.
Automated trading, also known as algo trading, is the process of using computers programmed to follow a defined set of instructions for placing a trade to generate profits at a speed and frequency that is impossible for a trader.
As per the company, the advantage of automated trading is that users can execute a particular crypto trading transaction on various indicators, inclusive of a targeted price.
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