The finance industry has changed significantly over the course of recent years as traders work together prevalently on the web. Most enroll in an array of trading tools to assist them with making progress.
Previously, a trader or an investor would speculate on specific business sectors through an intermediary broker. They would call their broker with a solicitation to purchase or sell a specific resource, or their specialist may have called them with a market tip. Under these circumstances, trading tools accessible to traders and investors were rare.
Fast forward to the 20th century, trading and investing have changed drastically. While most dynamic traders work through a representative who will give them access to a scope of business sectors and trade programs, they are now making their trades independently and using trading tools can both boost profitability and improve trade execution.
The Advantages of Using Trading Platforms
Online Trading Platforms Help Avoid Broker Bias
Broker Bias happens when an agent offers monetary guidance to their customer dependent on what will profit them as an intermediary. The broker may help by getting a commission if they sell a mutual fund or different products.
This is normal when you buy a product. For instance, if you need to purchase a vehicle and you are hoping to settle on a Toyota or a Ford, you realize that when you stroll into the Toyota vendor, they will try to sell you a Toyota. However, when you stroll into an investment firm, you might not have that same awareness of the existing biases.
With the help of trading platforms, you make decisions on trading all by yourself and decide on what's best for your investment needs. Most often, a brokers' advice benefits them and not you. In the case of trading platforms, you have the chance to make unbiased moves.
Monitor Investments Online in Real-Time
Using an online trading platform doesn’t always mean that you’re utilizing an inferior item. In fact, numerous online trading platforms give clients a set-up of tools that give them significant data to help them make the most out of their trades. Online trading platforms offer stock statements and exchange data for individuals to perceive how their speculations are going.
Most investors are not making the normal return of 10%. The ineffective management of multiple investment accounts and the lack of tools is the issue here, leading to the inability to monitor their investments in real-time. Online trading platforms allow you to monitor your investments at a specific time and make necessary changes to them to get the desired outcome.
Automate Losses and Profits
You can stop losses or take profits when your trades get to a particular level with the automated specs present in trading platforms. One of its unique features is pending orders, where you can decide the time to open a trading position. With these you don’t have to be online 24/7, monitoring how your investments are performing.
How Can Wisebitcoin Provide Faster and Easier Crypto Trading?
Wisebitcoin, a newly relaunched cryptocurrency exchange, offers deep liquidity and around-the-clock customer service. After years of research and under-the-radar development, our unique offerings include cloud services that anchor over 280 other cryptocurrency exchanges worldwide and connect to 15 million users.
Wisebitcoin features up to 100X leverage on contract trading. It also counts on $6 billion in daily trading volume and over 2.3 million transactions per second on single trading pairs. These characteristics make it known among professional traders for providing deep liquidity and fast execution.
"Wisebitcoin will be the preferred method of buying and selling crypto for professional traders around the world.” – Wisebitcoin Advisor Junghwan Cho.
We launched a beta version back in 2018. After continuous improvements, our team launched the platform with an upgraded cloud system in 2020.
Today, our platform offers over 50 cryptocurrencies for spot trading, including BTC, USDT, ETH, and other digital assets. Featuring perpetual trading for USDT swaps and coin swaps in the futures exchange, Wisebitcoin offers over 100 trading pairs and over 30 cryptocurrency deposits and withdrawals.
Our app is user-friendly with an easy-to-use interface and an insurance fund to protect assets. With features like asset custody and clearing technology, distributed transaction processing technology, and diversifying liquidity, Wisebitcoin aims to become the exchange of choice for professional crypto traders and future traders around the globe.
We are currently a team of over 50 digital markets experts from all over the world. Wisebitcoin provides unparalleled levels of service including 24/7 live phone support, cloud service, an affiliate program, deep liquidity, and more!
To learn more and begin trading, please visit Wisebitcoin or follow us on https://twitter.com/wisebitcoin.