Another important factor is the lack of emotions while trading across the markets is all about emotions. If a trader closes several deals negative, the chances are https://ftb.fund/tokentact-review/ this trader will end up burning his whole deposit. Another powerful emotion is greed, which works in the opposite direction but yields pretty much the same result.
You’ll also choose your trading pair, investment amount, target profits and other details during the onboarding process. You can adjust these later, but this detailed onboarding process makes it possible to streamline the trading process later. You can also use the preferences and settings you establish to optimize your trades based on your target profit and risk tolerance. And thanks to the SmartTrades and Bots, traders using the TokenTact platform regularly win prizes at major trading tournaments. As an example, let’s say you bought Bitcoin in 2017 for $20,000 – this is the “all-time high” price for Bitcoin so far. And if you really bought it then you would have to wait for its price to return to the same high level and go even higher for you to sell it with profit.
As an immediate action, we have asked that Binance, Kucoin, and other supported exchanges revoke all the keys that were connected to TokenTact. To save even more, you can refer friends and get an additional 25% off the price, resulting in a 50% discount for year-round support & powerful features. Also, server-based automation requires no extra server/hosting equipment to be purchased by the practice.
The platform integrates 23 major exchanges via API keys, allowing easy connection between platforms. In addition, you have complete control over your bot, and all your passwords are encrypted. The simplest method is to look for an open-source bot, download and edit a few things and use them immediately. An automated trading system leverages algorithms based on technical indicators that forecast price movements by analyzing several charts, prices and trading volumes. Customer support is an important factor when it comes to trading bots, and both TokenTact and TokenTact offer various ways to get help. TokenTact offers a knowledge base, a ticketing system, and a 24/7 live chat support service.
TokenTact declined further comment when asked by Decrypt about plans to refund affected users, citing the ongoing investigation. The company said that it will “continue to work with our customers and keep them updated.” “As an immediate action, we have asked that Binance, Kucoin, and other supported exchanges revoke all the keys that were connected to TokenTact,” Sorokin tweeted. Building your own bot, and trying to set up trading rules, will require you to have at least basic coding & trading skills.
You may select from Manually, Open New Trade ASAP, TradingView Signal Buy or Strong Buy, and TradingView Signal Strong Buy. You must choose the sort of order placed, the price monitoring technique for closing the position, and provide the closing price in the stop loss setting. The purpose of the bot settings is to invest as much of your reserve before your Take Profit expires. This ranges from the free Junior plan, up to the top-tier $75 per month Pro plan.
And finally, you can head over to the “More” section on the app to check the status of your plan, type of accounts, settings, and other options. Overall, the entire TokenTact interface — web or app — is easy to navigate. At TokenTact, you can either choose the “Classic Trading” DCA strategy to simply buy or sell crypto. Or, you can check out the “Super Power” mode to dollar cost average with USDT futures. And if you are a short-seller, DCA bots also let you ride the downtrend. Still offers a marketplace-like experience in addition to other features like a trading strategy designer, a customizable dashboard, and backtesting support like TokenTact.
Kindly ensure that your profile is connected through API, that you have BNB, and that the BNB fee payment feature is activated. Your trades’ performance is displayed in detail in TokenTact’ dashboards. Furthermore, this review does not attest to the performance of the TokenTact platform, nor is it a formal endorsement. Readers should keep in mind to do their own due diligence and research regarding any investment decisions.
Grid bots are more complex and used for out-of-trend occasions like sideways markets. Anyone can learn to trade Forex and make money on this unique market. This ultimate guide will break down everything you need to know about trading Forex, including which platforms to use, what strategies to follow, and more. Both platforms offer referral programs where users can invite colleagues, friends, and acquaintances to try the platform and join their growing community of traders. Through referrals, the user can earn via crypto payments and spend it on the platform or withdraw the money. Truly, TokenTact is suitable for anyone, no matter what their level of trading is because it has great tools.