FTEC is a trading platform that uses artificial intelligence in order to maximize the efficiency and flexibility of cryptocurrency trades. FTEC users can greatly reduce their reliance on psychology through the platform, which offers a bevy of tools, including the Smart Trading System and the Arbitrage Assistant. There are two things that make FTEC interesting—the first is that it is making use of new technology in order to help increase the effectiveness of traders. The second is that it is in a new, high growth industry called the algorithmic trading market. Algorithmic trading is growing throughout all markets, including the stock market and the FOREX market. It makes sense that cryptocurrency traders would need strong algorithmic trading solutions as well. FTEC meets this need, and offers a wide range of services that both novices and experts alike can make use of. Let’s examine the FTEC whitepaper.
Analyzing The Market
The FTEC team analyzed the crypto market and found that there has been a significant increase in the amount of interest in blockchain technology. They found that people around the world are investing and trading cryptocurrencies more than using them as a means of exchange. FTEC determined that they had a real opportunity when they saw how many individuals were trading cryptocurrencies versus using them for payments for bills or coffee.
The FTEC Smart Trading System
The smart trading system on FTEC allows traders to automate trades using an algorithm. The algorithm takes technical analysis into account—looking for new trends, trend line intersections, or other price movement indicators. The algorithm can calculate stop-loss and take-profit zones dynamically, based on the factors in each unique situation. Other tools and indicators, such as Bollinger bands, are also used in order to help the algorithm make effective choices.
The Arbitrage Assistant
In such a volatile asset class, arbitrage presents a great opportunity. Cryptocurrencies are often listed at different prices on different exchanges. This gives traders an opportunity if they can move quickly enough: they can buy at exchange A and sell at exchange B and pocket the difference. The Arbitrage Assistant on the FTEC platform allows for traders to automate this process through the use of APIs. This way, traders can get the benefits of arbitrage without having to manually handle the process. Of course, FTEC does allow users to complete arbitrage trades in manual mode if they wish. Arbitrage often must be done within a relatively quick window, which makes it a strong candidate for automation.
Algorithmic trading and artificial intelligence allow for FTEC to shine. There are other platforms that are competing in the cryptocurrency algorithmic trading space, but few have the features and ease of use of FTEC. That is why the platform could ultimately be one of the bigger success stories of 2018. Traders are always looking for a way to beat the competition, even if only by a few cents per trade. With tools like the Arbitrage Assistant, FTEC allows traders to take advantage of new opportunities that might only exist for a few moments.
Website: https://ftec.ai/en
Whitepaper: https://ftec.ai/en/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=3161171.0
Written by marcusthewriter: (https://bitcointalk.org/index.php?action=profile;u=1803140)
