Cryptocurrencies have steadily grown within a window period of at least 11 years, giving investors a new opportunity to make money from digital assets. Just like stock markets and Forex exchanges, cryptocurrencies can also be traded on exchange platforms that are entirely dedicated to digital coins’ portfolio. It works similarly to Forex trades where you can either invest in long-term assets or short-term trading. The latter is commonly called day-trading, and it happens to be the most popular activity on most platforms. Day traders are said to be the most active participants in digital trade platforms. What is day-trading? The concept simply involves prediction of price movements within a given trade period. If your prediction is correct, you’ll earn back your investment plus a leverage percentage on top of it.
The opposite will happen if your prediction was wrong or never went as you had indicated. Truth be told, there are more investors losing their assets as compared to those who are gaining any significant returns. Unlike normal holding investments where you only have to buy assets when their value is low and sell after they are appreciated, day trades require you to have sufficient skills plus a trading strategy. Cryptocurrencies are currently highly volatile and unpredictable, which makes it even harder to predict the movement of prices. Investing your time to understand different indicators can shield you from consistent losses. A distinguishing factor between those who consistently make profits and those who constantly lose is the level of investment in good trading tools. If you are not conversant with trade indicators or charts, investing in an automated signal bot can help you make better decisions than simple guesswork.
Crypto signals are simply automated bots that give you signals about the latest price changes, plus they can alert a trader when prices are low or high. Advanced signals can give advice on the best assets to invest in plus the direction that the market is likely to go in. Not every bot is usually successful, but with good research, you can select those that have a good reputation for working effectively. Universal Crypto Signal is one such bot that has earned a good reputation for offering reliable signals that have helped traders trade wisely. Its features are excellent as they boast up to 90 percent accuracy on their signals that are easy to interact with even when you are a beginner in cryptocurrency trader. Accuracy is a key determinant for a good boy, otherwise, you’ll be wasting time and money.
Is it a good assistant to work with? The simplest answer to this question would be a calm yes. You can comfortably use Universal signals for your trades whether you are experienced or new. Being fully automated and supported by Cornix, you’ll never miss a crucial trading signal again, unlike with other bots that are unreliable. Additionally, they boast of a unique style of making analysis that follows strict guidelines to meet the threshold for quality signals rather than many useless signals.