Hey You! It's Austin Starks, NexusTrade's founder. Can you please do me a favor? Could you forward this email to a friend interested in cryptocurrency or algorithmic trading? Doing so GREATLY expands my reach.
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Cryptocurrency trading is notoriously challenging, both for individual retail investors using platforms like Robinhood and for prominent hedge funds such as Three Arrows Capital. A major obstacle in successful cryptocurrency trading is the general lack of a systematic approach. Often, retail traders make decisions based on influences from social media, FOMO (Fear Of Missing Out), or a variety of less-than-ideal reasons.
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However, the rise of Large Language Models (LLMs) has opened up new possibilities for retail investors in tackling the complexities of cryptocurrency trading. With these models, investors can move away from making spontaneous buy or sell decisions. Instead, they can develop a set of predefined rules that dictate when to enter and exit trades.
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The strength of this method lies in its systematic nature. It allows for the rules to be adjusted in response to changing market conditions, and for continuous improvement of these rules to maximize returns.
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This article delves into how the average, non-technical person can approach algorithmic crypto trading in 2024, using these sophisticated tools to create a more disciplined and potentially more profitable trading strategy.
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Becoming a crypto trading strategist
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Just like how you wouldn’t take the SAT on a whim, you shouldn’t start crypto trading until you perform some research. That means sitting down in front of a computer or phone, developing a hypothesis, testing it, and improving it. While this may sound daunting, its really not and I will show you why.
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NexusTrade stands out as a platform simplifying the development of algorithmic trading strategies. It provides a seamless experience for users to create, test, optimize, and implement their trading algorithms, deploying them effortlessly to the cloud.
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NexusTrade’s user-friendly interface makes it accessible for beginners in algorithmic trading. Notably, its AI-Powered chat feature enables even those without technical expertise to develop and refine their initial trading strategies.
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Engaging with Aurora, the AI Trading Assistant
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While NexusTrade has traditionally been a stock trading and investing platform, I’m excited to announce that NexusTrade has officially entered the crypto-trading arena! For the first time ever, users can incorporate cryptocurrencies into their algorithmic trading strategies. 🥳
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Currently, the platform currently supports popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Chainlink (LINK). This selection marks a significant step in integrating crypto into the platform. The system is also designed to seamlessly add new cryptocurrencies as needed.
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Cryptocurrency trading interface on NexusTrade.
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Right now, NexusTrade allows users to explore, buy, and sell cryptocurrencies within their paper-trading portfolios. And, starting in January 2024, users can begin crafting automated trading strategies involving cryptocurrencies.
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With this comes all of the functionality you expect from a NexusTrade portfolio. Soon, users will have the capability to backtest, optimize, and deploy their crypto-trading strategies, opening a new realm of opportunities. This is just the first step, with plans to integrate other asset classes like options and futures.
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In light of this, it’s crucial to develop and enhance tools that simplify and democratize cryptocurrency trading and investing. The integration of leading cryptocurrencies into the NexusTrade platform is a pivotal advancement, fostering wider adoption. NexusTrade offers users the ability to devise personalized algorithmic trading strategies through a user-friendly interface, bringing these strategies to life in real-time market conditions. The platform equips discerning investors with sophisticated tools, setting them apart with a thorough, systematic approach to navigating the complexities of the cryptocurrency market.
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Thank you for reading! If this article was helpful, share it with a friend interested in Cryptocurrency, Artificial Intelligence, or Algorithmic Trading!
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