No matter what kind of financial instruments you are trading, there are two common requirements for becoming consistently profitable – a set of sound trading strategies and an excellent money management system. Each asset family (forex, cryptocurrencies, commodities, stocks and stock indices) have unique peculiarities, thus most fundamental-based strategies for trading stocks, for example, will need to be adjusted in order to work well for trading other types of assets.
Properly tested and successful trading strategies are crucial for surviving the financial markets intense competition. You are doomed to fail if you adopt a trading style that is based on chaotic cross-betting (entering positions on many different assets without following a thoroughly-tested and proven trading system). Thus, systematic trading is the way to go. A trading strategy that is successful now is not bound to be successful after six months. Therefore, a trader or an automated trading bot should familiarize, update and design new strategies every now and then.
Bixo Trade, a forex and cryptocurrency trading platform, owned by Bixo Fintech has recently aired their trading plans and trading strategies. They have divided their packages into 3 and the minimum to start is just $100. The plan details are as follows:
Package 1:
Investment amount – $100 to $4999
Daily returns – 1.50%
Capital Return – Yes
Duration – 200 days
Referral Bonus – 8% to 15%
Package 2:
Investment amount – $5000 to $24999
Daily returns – 1.75%
Capital Return – Yes
Duration – 200 days
Referral Bonus – 8% to 15%
Binary Bonus – 10%
Package 3:
Investment amount – $25000 to $99999
Daily returns – 2%
Capital Return – Yes
Duration – 200 days
Referral Bonus – 8% to 15%
Binary Bonus – 10%
Reload Bonus – 10%
The trading strategies are quite impressive and must be perceived with attention. Before jumping into what they are doing, let’s know how they are doing it.
When it comes to efficient and reliable trading, an artificial intelligent trading bot is what professionals would opt for and that is what Bixo Trade has introduced. They are developing a self-learning algorithm that will read and analyze past trading performance and predict future price speculations so that the professional traders can enter and exit the market at the right time. This AI bot is the core of the system which they are calling as Bixo Bots. Of course, the expenses in developing this bot is hundreds of thousands as it will not be just about coding, they will require to test it as well in a real-time environment.
Bixo Bots will broadly include Scalping, Day Trading, Arbitrage Trading and CFDs. To understand them let’s know about it particularly.
Scalping: Scalping is a trading style that specializes in profiting off small price changes, generally after a trade is executed and becomes profitable. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Bixo Bots will be performing activities such as a live feed, monitoring brokers and placing multiple trades.
Day Trading: Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day, such that all positions are closed before the market closes for the trading day. The Bixo Bots will predict the speculations of a particular asset determining the correct time to enter and exit the market. These bots will exit positions before the market closes to avoid unmanageable risks and negative price gaps between one day’s close and the next day’s price at the open.
Arbitrage Trading: Arbitrage is the purchase and sale of an asset in order to profit from a difference in the asset’s price between markets. It is a trade that profits by exploiting the price differences of identical or similar financial instruments in different markets or in different forms. This will require a constant study of different markets to analyze the best place to buy and the best place to sell to maximize the profit. That is where the Bixo Bots will come into the picture. The Bixo Analytical Bot, the task of which will be to collect and process accessible information from different markets so as to place buy/sell orders efficiently.
CFD: As the Bixo Bots are continuously analyzing the market it will also help in performing CFD trading. Trading CFDs, or ‘contracts for difference’, is a trading style where a trader needs to speculate on whether an asset’s price will move up or down – without having to own the asset.
Automated forex and cryptocurrency trading systems are a great way to get started in the world of quantitative finance. It’s important to practice trading or trading with the help of professionals before entering the market with huge capital without any trading expertise and knowing the market’s momentum. Bixo Trade is free to use which can be a valuable way to earn money with Forex and Cryptocurrency trading.
