The crypto industry is quite difficult to understand until one gets a hang of it. Buying and selling of crypto assets is a task for beginners. Paying heed to these problems, a Singapore-based crypto investment, and blockchain advisory firm, Novum Group rolled out a solution to address the same.
Trading Bot To Help Beginners Understand Crypto
A person unaware of trading or the operations of the crypto-verse can sometimes end up doing the unintended. Therefore, acting as a savior to every newbie of the crypto industry, the Novum Group released the trading bot, CryptoHero. The latest venture of the Novum Group would be free and readily available to those who intend to enter the crypto universe.
The Co-founder of CryptoHero, Irwin Chee elaborated on the functions of the trading bot in a recent blog post. Chee said,
“The 24/7 opening hours of the crypto market has necessitated the use of trading automation for investors that are involved in trading cryptocurrencies. Understanding this, we created CryptoHero to help investors automate trades right from their phone. Run it, manage it, anytime, anywhere.”
Knowing when to buy or sell assets profitably is definitely a hard nut to crack. While the experienced or intermediate level members of the industry are familiar with indicators, the newbies would take a while to understand the operations of these indicators. CrytpoHero would aid the latter as it would incorporate indicators like Relative Strength Index or Bollinger Band while trading.
The trading bot would allow users to access all the indicators along with three bots through its free account option. However, the premium plan would start from $9.99 every month. While the Andriod version of the trading bot will enter the market in 2021, CryptoHero is readily available on the web as well as iOS.
The Chairman of Novum Group, Christopher Low also commented on the latest venture and said,
“We are excited with the launch of CryptoHero. CryptoHero will give many of us who are time-starved to trade the cryptomarkets via automated trading bots.”
The trading bot will reportedly allow users to select from trading pairs, different technical indicators, risk management as well as direction. The bot would permit users to do to the aforementioned on exchanges like Binance, OKEx, or Huobi. Users will be able to learn from their previous performance to better themselves in future trading activities.