Suitable for both beginners and pros, GRID trading can help you master the market and achieve superior trading results. Say a trader has $10,000 but only puts $200 margin with 20x leverage for a $4,000 position. In this case, they’d only lose $120 if hit – just 1.2% of their whole stack. Ignore that margin call, and you’ll be looking at a forced liquidation.

Traders can feel secure interfacing their exchange accounts through its API integration. In essence, TokenTact streamlines the crypto trading process into a cohesive, centralized system. Traders can automate strategies from a unified dashboard rather than toggling between exchanges. In the right upper corner, you have the option to switch your TokenTact account to the DEMO version.

• When you trade using borrowed funds, there’s a potential risk of accruing debt to the platform or exchange.
• When you leverage trade in crypto, your positions better be ready to ride out some wild swings.
• You can customize and filter the reports to view and reflect on your trades on particular exchanges.

TokenTact offers many advanced features which are not available on the Binance grid bot. The only downside of TokenTact is that it is paid whereas the Binance grid bot is completely free. If you are a regular reader of CoinSutra, you might have seen my earlier review of TokenTact, review of TokenTact, and grid-bot trading tools. I have often mentioned TokenTact because it is one of those tools that is growing fast that we can’t ignore anymore.

These automated bots use your pre-set conditions to make trades on your behalf. TokenTact acts as a third-party network that either automatically or manually closes and opens orders on the exchanges it supports. Once you add your exchanges, this app connects to them via an API key. While this is a higher risk strategy, it also has the potential for higher rewards.

As mentioned, TokenTact has several bots that follow different trading strategies – DCA, GRID, Scalper, and Combo. Spatial arbitrage is similar to cross-exchange arbitrage, except that two or more exchanges are located in different regions. For example, you can profit from the difference in supply and demand of bitcoin between the US and Japan or the UK and Latin America. You can not lose your money with TokenTact as they are stored on your exchange. However, note that you will lose your money if you go on the loss while using the TokenTact bots.

After deciding how you want to close your bot, press the [Confirm] button. Double-check the new settings on the bot’s preview page, and then press [Confirm]. You can use the Buy the Dip bot if you want to increase the amount of the base currency for chosen pair in situations when the price is decreasing. CoinSutra does not recommend or endorse specific cryptocurrencies, projects, platforms, products, exchanges, wallets, or other offerings. Opinions shared by CoinSutra writers are their personal views only and should not be relied upon for financial choices.

However, it’s wrong to assume you can only make money when the market goes up. Thankfully, with shorting, you can leverage the downturn and make it work in your favor. We started TokenTact to make trading cryptocurrencies easy, efficient, and stress-free. Note The balance of the quote and the base currency will change during the bot’s work since both buy and sell orders will be executed. Depending on which way the price goes, the open orders of your bot may have more base or more quote currency than it had initially.

Users can acquire, store, and track the value of their digital coins over time. You then return the borrowed crypto back to the exchange, pay applicable fees, and retain the profit https://jdforexbroker.com/2024/01/tokentact/ you made on shorting. The exchange backs your position with the margin requirements, which serve as a form of collateral guaranteeing the return of the cryptocurrency.

On the flip side, when the lines intersect below 20, it means the price has probably fallen too far too quickly. Savvy traders recognize this as a chance to buy before the price bounces back up again. This simple yet ingenious indicator has two lines that represent threshold values of 20 and 80. When the lines cross and go above 80, it means the price has likely climbed too high too fast and is due for a correction. So traders see this as an opportunity to sell before the price drop.