📢News of the week
Once again, we have answered the frequently asked questions, talked about the improvements we made last week, shared our plans, and told about the types of trading strategies for you to follow and make a profit. So now let’s sum up.
Achievements of the week
🔹Carried out Pancake SWAP additional token analytics.
🔹Implemented the user interface for a light version of the bot
🔹Carried out extra checkups for Market Making bot for CEXes
🔹Added 2 more Centralised Exchanges APIs to our software system
🔹Developed UI of the workers page
🔹Added minor UI/UX fixes
🔹Carried overall minor improvements
Our plans
🔹We plan to start cooperation with more exchanges, both CEX and DEX. So far, we collaborate with 26 exchanges.
🔹We are eager to develop a convenient, user-friendly, and comprehensible application for market-making.
🔹We plan to implement price prediction and analytics for pools profitability, which will help our users to formulate their trading strategies and forecast profits.
Types of trading strategies
📈Averaging
If a trader purchases assets for all his money, one bears the risk of losing at least 50% of capital. On the contrary, experienced traders recommend dividing the capital into parts and purchase coins little by little, adding to the existing position when the asset`s price drops.
📈Diversification
It is a way to protect yourself against losses: open multiply positions across a range of different coins, not just one. The market is so volatile that it is impossible to know for sure what will happen tomorrow, even when it comes to the most popular assets.
📈Stop-loss
It is an order placed to automatically sell an asset once the asset reaches a certain price.
📈Scalping
Using this strategy, traders earn on small price fluctuations.
Stay with us and have a nice weekend!
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