CoinEx Introduces Strategic Trading to Help Users Set out Sound Investment Plans and Stay Ahead
PRESS RELEASE. In traditional financial markets, the term trading strategy describes a comprehensive plan covering all trading activities, guiding investors to execute their target trades. In the world of crypto, a tradi...
PRESS RELEASE. In traditional financial markets, the term trading strategy describes a comprehensive plan covering all trading activities, guiding investors to execute their target trades. In the world of crypto, a trading strategy refers to a predetermined plan or trading behavior designed to help investors profit from buying or selling cryptos in both long and short markets.
Although not necessary for all types of crypto trading, a sound trading strategy can help investors mitigate potential risks. During extreme market conditions, an effective trading strategy enables crypto users to take prompt countermeasures and minimize their losses. In other words, by setting out a trading strategy, investors prepare for all sorts of scenarios and design the corresponding measures.
Overall, a mature and well-designed trading strategy is crucial for investors, as it helps them take advantage of market swings, make easy investments, and maximize profits or minimize losses.
Generally speaking, a comprehensive trading strategy may cover the following elements:
- Choosing the target cryptocurrency or project;
- Using professional platforms such as crypto exchanges and market monitoring platforms;
- Mastering crypto tools and indexes;
- Setting up trading time and stop-loss conditions;
- Minimizing the influence of emotional decisions.
Most investors understand the importance of a sound trading strategy, but they are more concerned about how to set out such a strategy on crypto platforms. For beginner investors or retail users, the following requirements should be met:
First, the trading strategy should be easily accessible, preferably with “lazy” or “foolproof” operations. In addition, users don’t need to set up complex parameters or study programming/ trading scripts to run such trading strategies. Ideally, the system should be able to help users invest in crypto with ease.
Second, the platform should offer versatile trading strategies, meeting different trading demands. For example, some investors prefer conservative investments and hope to stock up on more coins while minimizing risks and costs. Meanwhile, others want to seize volatile market trends and engage in quant trading. As such, investors demand a wide range of different trading strategies.
In February 2023, CoinEx, a global crypto exchange, rolled out Strategic Trading, a new segment featuring Auto-Invest Plan which aims to help users plan and manage their investments more effectively. With the new segment, CoinEx users get to create their own trading strategies and make Auto-Invest Plans for a smoother crypto investment experience.
Strategic Trading can be easily accessed under the Finance dropdown menu on the CoinEx website. In addition, the section also includes other segments such as Financial, AMM, and Dock. Right now, Auto-Invest Plan is already available in the Strategic Trading segment, and Spot Grid will also be introduced in the coming months.
With the Strategic Trading segment, users can tap into “lazy” strategies to invest in crypto effortlessly. For instance, in the case of the Auto-Invest Plan, prudent investors may easily choose a suitable trading strategy and earn profits by making regular crypto investments with predefined amounts and cycles, without having to worry about the specific timing. After an Auto-Invest Plan is created through the Strategic Trading segment, the system will automatically deduct the investment cost from the user’s Spot account and submit an order according to the pre-set investment amount and cycle. No more operation is required, making investment easier. Moreover, when Spot Grid goes live, CoinEx users will be able to engage in quant trading via the new function.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Original source
Read on Bitcoin NewsRelated market context
Cape Verde’s World Cup fairy tale sparks crypto speculation, but investors should tread carefully
Cape Verde's World Cup debut highlights the speculative risks in crypto markets, urging investors to discern between official and...
SEC targets 20-year-old rule standing between Wall Street and blockchain trading
The Securities and Exchange Commission (SEC) is moving to dismantle a stock-trading rule that has governed Wall Street for two dec...
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
The SEC just removed the single biggest legal obstacle standing between Crypto DeFi and US equity markets. On June 11, the agency...
VanEck Bets BNB’s Real-World Usage Can Help Its ETF Stand Out
TL;DR VanEck is positioning its VBNB spot BNB ETF around BNB Chain usage and revenue metrics. The ETF reportedly has around $2 mil...
Investors lose over $200M on American Bitcoin shares while Eric Trump’s stake holds at $70M
The disparity in losses highlights the risks retail investors face in celebrity-backed ventures, emphasizing the need for cautious...
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...