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Trading automation is used by over 70% of retail traders in the crypto ecosystem. Recently, the number of trades made by fully autonomous systems has skyrocketed, with high-frequency trading becoming a norm for financial institutions and many individual investors. The popularity of automation has created ample space for various products, including some that cost nothing.
Many contemporary retail traders believe that it is possible to use a trading bot and still achieve profitability. While this is partially true, the vast majority of experienced investors prefer paying for reliability, convenience, and technical assistance from specialists. Earning money using free trading bots is feasible, but their performance and feature-richness are often noticeably inferior compared to paid options.
Automated Crypto Trading Without Investments
Free trading automation instruments come in multiple forms, each with its benefits and downsides. Some of the most popular options employed by modern traders include:
- Locally Run Software: Desktop and mobile applications available for free on various forums and programs written by users in Python, Java, and C are all viable options if one has a reliable internet connection, technical knowledge, and enough free time to spend on solving issues and troubleshooting.
- Automation Tools Offered by Trading Platforms: Many brokerage service providers and centralized exchanges implement automated crypto trading and allow users to build simple algorithms without charging extra. However, these tools are often limited. A crypto trading bot built using such features may underperform and many cannot be used outside native platforms.
- Free Bots Offered by Various Companies: Later in this review, free options available to registered users of the WunderTrading platform will be discussed, as well as some of the features enjoyed by users who want to extract maximum value from trading automation tools regardless of the price.
Trading bots that do not cost anything exist, but their performance and feature-richness are often noticeably inferior compared to paid options. Various trading apps can work, but it may take some serious effort.
WunderTrading Features
If looking for the best crypto trading bot in 2024, it is a good idea to take a closer look at WunderTrading, a powerful automation platform with multiple interesting innovations and a wide range of products capable of intriguing even the most experienced veterans.
Here are some of the features free users of WunderTrading enjoy:
- 1 Fully Functional API Connection to Any Supported Centralized Exchange: The list of partnered CEX platforms is quite extensive and includes the likes of Binance, Kraken, Coinbase, and many others. One can significantly improve investment operations on any of them without paying a dime.
- Access to the Trading Terminal with Advanced Automation Features: Use a variety of tools to make market positions smarter and safer. With automated delayed orders, sophisticated analytical instruments, and other neat functions, trading will be more efficient.
- Engage in Social Trading on the Marketplace: The WunderTrading platform has one of the best copy trading ecosystems. All featured traders have good market history and have worked for at least half a year. Follow them for free if they do not charge for their services.
- Test Various Investment Ideas: Paper trading at WunderTrading is an excellent tool for those who do not want to risk money while experimenting with new analytical methods and trading bots. Work with virtual money and back test strategies to identify which automated trading systems deserve to be implemented in a portfolio.
- Advanced Portfolio Tracker: If one has a diversified collection of digital holdings, it can be challenging to keep an eye on them and analyze their efficiency separately. WunderTrading’s portfolio tracker is a great instrument for those interested in heavily diversified investments.
These tools are available to all registered users of the WunderTrading platform and can be used free of charge. Note that other automated crypto trading products on the platform can be accessed after upgrading the plan. When compared to many other service providers, this platform stands out thanks to its flexibility and diverse lineup of available tools. For example, in a WunderTrading vs. CryptoHopper comparison, the former comes out on top thanks to newly implemented AI products and better social trading offerings.
WunderTrading Review: Innovative Solutions
When it comes to bringing something new to the table, WunderTrading is a great vendor of trading automation products, regularly rolling out new features that often become game changers for many retail traders interested in using bots in their investment strategies.
Here are some great products to try:
- AI-Assisted Statistical Arbitrage: Expert artificial intelligence systems created and continuously improved by advanced machine learning algorithms are capable of enhanced pattern recognition, which is incredibly useful in the world of financial markets. The new statistical arbitrage bot for crypto from WunderTrading can monitor multiple assets and rebalance portfolio composition according to the current market situation.
- New Grid Bots for Veterans: The vast majority of contemporary retail traders are well aware of crypto trading bots that use the grid approach by opening a series of market positions protected by individual delayed orders. New grid bots are enhanced with additional AI features, parameters, and risk management options unique to the platform.
- Easy-to-Use Custom Crypto Trading Bots: Building a great automated trading system can be enjoyable and rewarding with a powerful toolkit containing all necessary instruments. WunderTrading offers clients access to a variety of integrated platforms, unique script-writing tools, and more, allowing retail traders to build potent crypto bot systems.
While many of these features are available exclusively to paying customers, it is possible to check some of them out without paying. However, getting a plan for beginners is a good idea since one can test many tools for a very low price and make an informed decision about the automation platform and its products.
It is strongly recommended to avoid free trading bots since many lack safety features. Some are associated with additional risks such as potential malware infections (when using desktop apps), unreliable digital infrastructure, absence of upgrades, and more. Try using one of the best crypto trading bots in 2024, WunderTrading, for free and upgrade to explore the world of trading automation!
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Contact Info:
Name: Wundertrading
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Organization: Wundertrading
Website: https://wundertrading.com/en
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
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