Bitozz - Cryptocurrency Trade Revolution

Bitozz - Cryptocurrency Trade Revolution | Ecency

Bitoz exchange
Due to the growth of electronic money, more and more electronic money exchange is being made. At the moment there are more than 200 electronic money. It is not surprising that more and more enterprises want to join the growing market and this potential in order to get maximum profit while serving the needs of users of electronic money. However, they will not be able to stand out if they offer the same function or value, so users should look for another product if they really want to contribute to something worthwhile. for a long time.

In this article, we will look at the Bitozz Exchange and the problems that they will deal with and how they will do it. Bitozz is a new electronic currency exchange, which, in my opinion, definitely stands out on other electronic money platforms. Why? To learn more, you should read this article to the end. Remember that I’ll only talk about two important issues and how Bitozz can handle this in this article, so you should read the official report if you want to learn more.

Flexibility and variations of e-money transactions
If you have been in the electronic money industry for a long time (several months are enough), you will probably understand that most of the trading platforms offer you the same trading functions, what else to highlight. More or less, they follow binania, with their own exchange token, and so on. This feature will not attract new users, it will not create a new and loyal user base, since it is used many times.

If you want to create your own original token, use it to reduce transaction fees, etc. However, creating a new loyal user base will fail if you do not offer anything else. You will be overshadowed by Binance or large marketplaces. Because of this, most new electronic money exchanges are likely to be inoperable if they do not have new innovations for their customers.

In fact, there are many things that can be implemented in the current exchange of electronic money. One of them is a type of limit order that users can use when trading. Most electronic money exchanges for at least three or two types of buy / sell orders, and this is the limit, market or stop order. These traditional order options existed because stock trading provided limited trading options and strategies for traders.

These three are not the best combinations for trading strategies. The only strategy for traders will be selling or buying at a market price (not the best trading strategy), placing a limit order at a price in the hope that the market will reach this price and place a stop order without reacting to market changes. This is still where you put it.

Another available option is margin / leverage. Of course, it can provide the user with an opportunity to make a profit regardless of where the market is going, however, margin trading is very risky, and sometimes greedy cut you out. It’s difficult to maintain your emotions and decisions in regular trading activities, and when you are doing margin trading or leverage, you should have 1000% autonomy. In most cases, you only get rek.

Since there is only one option for a limited transaction for a user, this will create difficulties in trading algorithms. You cannot customize your own algorithm if the API does not support these parameters, right? And this difficulty ultimately leads to another difficulty, you can not customize your own complex trading strategies to compensate for the loss. In short, forget about buying expensive transaction programs, there is no guarantee that you can use it because the exchange does not support the algorithm.

Fortunately, Bitozz is here to help you. They have a lot of trading options, and “a lot”, I really mean. See page 14 in its official report, you will see options for their trading options. One of the best features I can find is the stop loss command. It works very simply, but it’s a really powerful order that will help us make a profit or prevent restructuring.

The sequence of brake lights is basically regulated when the price increases, with the same stop you set earlier. For example, you buy BTC for $ 100, while losing a stop loss of 5%. When the BTC price increases, your stop loss will still be 5%, but Bitozz will change the value corresponding to the latest BTC price. Thus, your stop-loss will not be equal to $ 95, just as you bought the first BTC, but it will increase. So you make a profit.

There is still no information about the installation, for example, when it will be automatically configured and how we can configure it. Personally, I wish we could adapt. For example, if the price increases from 30% from our order, we will place the stop loss at 1% after the last order. If the price increases again after the increase by 30%, we can set another stop loss. Thus, we will get a lot of profit, even if we make only one transaction. Yes, the rest will be done using the algorithms we set. Bitozz actually supports algorithmic transactions, which is great.

Bitozz will also support escrow / leverage (with additional functionality and lower commissions, only one fee, not other fees). We can apply the same to the trading margin for a stop loss later. This is a very interesting option for traders, because they can make a profit very easily. I personally use Bitozz when they start working.

Reduce time online and make a profit
These limited trading options can only mean one thing: traders should focus on almost 24/7 of their time in order to maximize returns. You should track price movements, analyze market sentiment, read news, etc. Every day. Even if you use a transactional bot, there is still a risk that your algorithm is incorrect, and you will get rekt.

What we have described above may be similar to day trading, and you may not like it. Of course, you can choose to trade swing, but there are still risks that you will miss important details or market news that were destroyed in just one hour. All your trading strategies, in turn, will no longer be valuable. What does it mean? This means that there is a risk of losing the chance to make a profit before the market is destroyed if you are not online 24/7. Damn, that sounds like constant pain, doesn’t it?

So how do we solve this problem?

How can we make the transaction more interesting (especially if you cannot perform 24/7 trading operations, most people cannot do this!)? This can be done in several ways. First, you can hire professional traders to trade your property. Secondly, you can choose a long-term holder or you can find a platform with other options that give you the opportunity to make a profit, perhaps something like an automatic stop setting or things. something like? (we talked about this, right?)

The first option can only be available to people with big money, because you have to pay for these people in order to make a profit. And today such a person is difficult to find, because they can work independently. For newbies or frequent traders there is someone else, the best option. Because the long-term owner can provide insane benefits, such as an increase in x1000, however, he also carries a big risk of losing something.

What about the third option? This can certainly be done. Almost every trader can use these options, no matter how much money they have. They will need to set an algorithm, execute the first transaction, and the rest will be executed by the system. Of course, you can also manage it when you have it.

The main advantage of using a platform where you can use any automatic tuning command (for example, stop-loss orders) is that you can reduce the time to sobriety and look at the chart. You can do your free time to improve your knowledge, work in other enterprises, so that you work more efficiently and still receive a good income. This is definitely the best option for those who can not be online every day. Fortunately, Bitotsz for you.

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