Intelligent trading with 1ex trading board
The following content does not constitute the opinion of BeInCrypto and should not be considered as financial advice
Cryptocurrency trading is one of the most profitable ways to monetize digital assets, but also one of the most psychologically challenging.
With a deep understanding of the market, an active trading strategy and proper risk management, traders should easily face losses and deposits. In August of this year alone, transactions exceeded $1 billion, and on October 10, the peak ETH flow occurred, with traders losing over $32 million.
All of these problems could be avoided if market participants had more accurate information on tools that could accurately determine price movements and coin price levels. 1ex Trading Board has launched a tool that will completely change the perception of trading, secure and efficient. Read below how this company is changing the marketing market.
Don't just focus on avoiding losses; The purpose of acquisition
In the professional trading community, it is an optimistic belief that one cannot learn to trade effectively without incurring huge financial losses. Traders often associate losses with lack of practice, lack of passion, fear of missing out, and FOMO (fear of missing out). Therefore, they recommend learning from their own mistakes as a crucial step in recovering lost funds in the future.
We strongly oppose this approach. Individuals should not lose their deposits due to ignorance or lack of understanding of the market, their emotions or wrong advice. We are pioneering a new market and human connection where traders don't have to sacrifice money and health to learn how to trade.
Our tools are aimed at enhancing marketing efficiency, promoting awareness and, as a result, improving overall effectiveness,” said Dmitry Litvinov, the company's founder and CEO.
Until today, traders relied only on historical, or ‘dead,' market data: candlestick charts, price cycles, and other traditional indicators that show past events with the asset. However, the market is not static; On the contrary, it is constantly evolving and changing.
Therefore, historical data has little value in the present, and past success does not guarantee future profits. The 1ex Trading Board team bases its approach on various indicators that reflect current market activity and momentum, allowing for accurate prediction of short- and medium-term price movements.
“We study the behavior of limit orders through order books. This serves as a more accurate indicator of market sentiment and demand. Without relying solely on candlestick charts, we can understand and determine the value of significant support and resistance levels, thereby eliminating subjectivity. ” explained Dmitry Litvinov.
AI News Service was created in response to the market's need for qualitative analysis. It can analyze the market using various indicators, including limit orders, news background, asset correlation, trader activity, etc. For example, the creators were able to detect the activity of SOL token before it grew rapidly, thanks to the AI news service. . As a result, you can profit from the property without suffering unnecessary stress and loss.
”Most existing services are built around marketing for professional marketing. They focus on studying historical data, employing various probability theories, martingale strategies and others. Instead, we're building an ecosystem around the individual, emphasizing the merchant's skills, knowledge and profits at the center,” Dimitri explains.
While developing services for traders, the team considered human psychology, fears, expectations and behavior and ultimately created a new service that is fundamental to effective trading.
“You know that most deposit losses are caused by the reaction of the traders themselves, who simply succumb to emotion—fear or greed—and lose money as a result. Dmitry Litvinov shares that our service takes this experience into account and adapts to the trader's behavior in order to prevent them from making sudden actions.
Currently, traders can participate in testing the service, receive a free three-month subscription to all 1ex Trading Board tools and have the opportunity to share the prize pool. More details can be found on the link.
Reduce risks, increase profits
In addition to the analysis platform, 1ex Trading Board introduces other important tools not only for traders but also for investors. One of these tools is Gem Finder.
Today, there are dozens, if not hundreds, of low-cost properties in the market, and these represent your future profits. Knowing which coins to buy today is very important to get from them in the future. Our service allows you to research hundreds of coins.
For these purposes, artificial intelligence evaluates the data background and analyzes the behavior of traders, the activity of investors and the activity of the company. As a result of the in-depth analysis, you will receive recommendations on which assets you should pay attention to and include in your portfolio.
But the most unique tool can be called a self-learning neural network trading assistant that closely monitors the trader's activities, remembers their actions and reactions to various market conditions.
“A neural network forms a specific set of data that includes parameters based on the trader's past work and results. For example, if a trader opens many trades and most of them are successful, the neural network will read and remember the complete set of successful trades.”
Conversely, if the trader is losing deposits, the neural network remembers these actions as errors. As a result, an image of the merchant's character was created,” explains Dmitry Litvinov.
Next, the neural network can independently repeat the trader's actions if the market conditions are similar to the previous ones, or, conversely, block the trader's activity if the user's actions are significantly different.
“Sometimes it happens that a trader goes crazy and takes impulsive actions – excessive risks, even if the market conditions are not completely suitable, are always used. In such cases, the neural network can warn about risks and even block the activity to prevent losses. This new risk management It represents a level,” says the CEO of the company.
The creators of these special services explain that they have decided to look at the market from a broader perspective, change the trading tools and reduce the risks of users.
“Risk management, Gem Finder, analysis service – all these are integrated ecosystem tools, 1ex Trading Board, which serves as a co-pilot for every trader, to understand the market better, seeing it as a living entity, its rules, conditions and factors. Only in this way can performance be achieved. It is possible to improve and reduce risks. We are sure that our concepts and developments can really change marketing approaches,” says Dmitry Litvinov.
For more information about the products, visit the website 1ex.com.
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to The Integrity Project's guidelines for impartial and transparent reporting, this content was created by a third party and is intended for promotional purposes. Readers are advised to independently verify information and consult with experts before making decisions based on this sponsored content.