Bitcoin News Trader Account Features
The software powering the XBT News Trader is built on a unique algorithm, designed to track quality news from several hundred reputable news outlets. Typically, the XBT News Trader searches for news reports that could impact traditional forex markets as well as cryptocurrency markets. The software works tirelessly, 24 hours a day, 7 days a week, collecting news that meets the criteria set in the software parameters. Unlike human news collectors, the algorithm doesn’t get side-tracked by irrelevant news and doesn’t behave emotionally. As fast as news reports are collected, a team of analysts working in the XBT News Trader intelligence hub evaluate them, looking for key influencing factors. Probable price trends are identified and posted on the XBT News Trader interface with positive or negative trading recommendations.
What makes the trading recommendations especially valuable to traders, is the speed with which they appear on the interface, giving traders the possibility of opening advantageous trading positions, before the cryptocurrency markets can react to news reports. We saw that the analytical team produces a broad range of useful information on the XBT News Trader interface, giving traders solid facts important for making informed trading decisions. Apart from the positive and negative trading recommendations shown as trading signals, traders can see the current price of each crypto coin as well as the price of the crypto coins at the time of the last news release. Past price fluctuations and expected future price trends are clearly indicated on a small chart. Conveniently, traders can set a time on the interface from when trading recommendations should start showing. Clearly, to have a time advantage over other traders, traders require access to the most recent trading signals.
XBT News Trader Covers Multiple Cryptocurrencies
We thought that the name XBT News Trader would lead traders to think that the software only provides news reports and trading recommendations for the Bitcoin cryptocurrency. We can reassure our readers that it’s not the case. In fact, XBT News Trader collects news reports and makes trading recommendations for a very broad range of popular cryptocurrencies seen on crypto exchanges globally. This includes Ethereum, Ripple, Dash, ZCoin, Bitcoin Cash, Dodge Coin and Litecoin. Moreover, the XBT News Reader collects news reports that could impact traditional foreign currency markets and provides forex trading signals too. In our opinion, the broad functionality of the software, makes it a flexible trading tool with a lot of potential value to forex and crypto traders alike.
Is the XBT News Trader Easy to Use?
XBT News Trader is an incredibly easy software to use, with a simply laid out interface, designed to suit all traders. Even the most inexperienced traders usually feel comfortable within minutes of registering with XBT News Trader. Because the software does all the work for traders, all they need to do is follow the trading recommendations clearly shown on the XBT News Trader interface for each currency. In our experience, trading in cryptocurrencies can be risky because of the volatile nature of the markets. By applying recommendations based on reliable news sources, even novice traders can execute trades without requiring knowledge of crypto trading. However, we suggest that our readers inform themselves about trading cryptocurrency CFDs, before beginning to trade on the live platform. We have several interesting articles on our website aimed at providing traders with basic trading skills and to build awareness of the potential risks of online trading.