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KuCoin Review: Pros, Cons, and More | The Ascent by Motley Fool

Started by Bitcoin, Sep 15, 2022, 04:01 pm

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KuCoin Review: Pros, Cons, and More | The Ascent by Motley Fool

No,  kucoin unlike a Bitcoin trading bot, Stoic trades a wide range of crypto assets. The main requirement is that the cryptocurrency should have sufficient daily trading volume. In practice, this means that Stoic would trade top-20, top-100, or even more cryptocurrencies, depending on market conditions. Essentially, Stoic is a way to get automated crypto trading of the most liquid pairs in the market.

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The many risks associated with crypto trading bots mean the best approach is to proceed with caution. If you know what you're doing and you're prepared to constantly monitor performance, trading bots can form an important part of your overall trading strategy. However, going all in and using bots as the be-all and end-all of your crypto trading strategy is not recommended.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks - they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder,  crypto trading bot or the author, may have holdings in the cryptocurrencies discussed.

The problem with the "we have AI robots" business model is, if you had a golden goose AI robot capable of generating infinity returns, why would you be selling it to randoms over the internet for $149.99 a pop?

No documentation of AI (Global) Trade have [sic] been filed with or approved or disapproved by the Securities and Exchange Commission ("SEC") or any other state of federal governmental agency or any national securities exchange.

Tickeron is a wholly-owned subsidiary of SAS Global, a leader in data analytics whose services are used by the majority of fortune 500 companies. Tickeron uses AI rules to generate trading ideas based on pattern recognition. Firstly they use a database of technical analysis patterns to search the stock market for stocks that match those price patterns using their pattern search engine. Of course, each detected pattern has a backtested track record of success, and it is this pattern's success that is factored into the prediction using their Trend Prediction Engine.

We only provide the software. Nothing on this website and in any other accompanying materials should be construed as financial, investment, legal, tax or any other professional advice. Stoic is not a broker, dealer, financial advisor, investment advisor or tax advisor. You acknowledge and  kucoin trading bot agree that Stoic is not responsible for your use of any information that you obtain from the software. Stoic does not take into account your individual characteristics when providing the software. The software is provided in the generic form for informational purposes only. You expressly agree that you use the software at your sole risk and that you may lose all of your funds.

Don't give your bot withdrawal access. In most cases, there's no need to give a bot permission to withdraw funds from your account, so preventing withdrawal access can be a simple way to protect yourself. Of course, if you're performing arbitrage trades between exchanges, you will need to grant withdrawal access. Don't share your API secret. In order to put your bot to work, you'll need to create an API key and secret on your chosen crypto exchange. API secrets are like crypto trading bot wallet private keys. If someone has your API key and secret they can place trades from your account, so never share with anyone. Use two-factor  kucoin trading bot authentication. Enabling two-factor authentication on all exchanges, accounts, wallets and crypto programs can provide an extra layer of protection for your funds. As always, make sure you also set strong passwords. Backtest your strategies. Backtesting allows you to trial your trading strategies using historical data. While there's no guarantee that a strategy which would have worked in the past will be profitable in the future, it's worth running some simulations to determine whether it might be worth putting your strategy into use in the real world. Limit your losses. Use tools like stop-loss orders to ensure that losses are minimized when the market moves against you. Develop an understanding of technical analysis. The more advanced trading bots can assess a variety of technical indicators when executing trades,  Kucoin so developing an understanding of cryptocurrency technical analysis could help you get more out of your bot. Don't over-commit. Bot trading can be quite complicated and may take a while to wrap your head around, so start with small amounts as you build your knowledge and confidence. Track your trades. Finally, don't forget that your trades will have tax implications, so keeping records of your crypto transactions is essential.

Source: KuCoin Review: Pros, Cons, and More | The Ascent by Motley Fool

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