Cryptocurrency trading bots are becoming popular by the day, and there are some which stand out from the rest. They have endured the ups and downs of the market, and have stood tall among adversities. The bots have made trading easier and with every passing day, there are new advancements being made to them and new features being added, in order to facilitate a better trading environment.
What is Margin.de?
Previously known and popularized as the Leonardo trading bot, Margin has come a long way in with success and has years of presence in the industry. When it was known as Leonardo, it was one of the best trading bots available in the market.
However, the interface was becoming outdated, and the bot was purchased by the current owners. After changing ownership, there was a new interface along with new features that became even more popular among the masses. Margin makes trading easier with the long list of features, as well as the number of exchanges that are supported on it.
The bot is a Bitcoin trading terminal, which allows the trader to interact directly with the market data. There are a number of languages that are supported by the terminal, including German, Spanish, Portuguese, English, and Chinese.
Features of Margin That Make It Interesting
Since there are oh-so-many trading bots available today, every bot has to offer some features which is unavailable in others. The sheer number of the bots swarming the market, has made it a tough competition among the companies developing the bots; but in the end, it is giving an advantage of options to the consumers. Here are some of the features which give the Margin trading bot an edge over the others:
1. Visual Trading
Trading using the Margin trading bot has become so much easier. There is a drag and drop feature that has been quite well-received by every trader. The charts that are available on Margin, makes it hard to go back to the normal trading charts available on the other exchanges. All the visual representations are quite easy to make out, and if you attach a second screen to your device, you will be able to view 25 markets at the same time.
Using the Margin trading terminal, you will get access to all the bots that are available on the platform. Since the cryptocurrency trading market is online throughout the day, and the night, it is impossible for a single person to monitor it all the time. Therefore, the provision of the bots on the platform, allows for the trading to continue even when you are asleep.
3. Technical Indicators
The presence of the technical indicators on the bots, as well as the whole platform allows for a better analysis of the market. It also helps to predict the future prices of the various coins. Some of the most widely used indicators that are present on the Margin platform are Bollinger bands, MACD, RSI, EMA, and VWAP. These indicators come in handy when you are devising a strategy for the bot or for manual trading as well.
Having a personal look at the platform makes it even more comfortable to work on. If you are stuck with the same old interface that is used by everyone else, you do not feel special and things eventually turn out to be boring. However, the Margin platform provides options to customize the interface as you want. You can even change the position of the various sections that appear on the platform.
The APIs that are stored on the servers of the company are only a single and encrypted part of the whole key. This means that even in an attack on the servers, the hackers will not be able to access your accounts, since you will have the other half that decodes the key. Another security measure that is taken by Margin is that they do not store the funds on their servers. Rather, you access the exchanges directly through Margin.
The Margin Packages
Pricing is a major factor that comes into play when the trading bots are in question. This is because every company is trying to offer the most features, in the least possible prices, to stand a step above the competition. There are some trading bots which are offered on a monthly subscription basis. On the other hand, there are other trading bots, including the Margin trading bot, which are offered by charging the user for a single time.
Usually the latter are more beneficial than the former, because you end up making a gross profit even if the market is quite slow to rise. Eventually, within a few years at the most, you will end up covering the cost of the bot that you bought.
There are three packages that are offered by Margin, the Starter package for $89, the Standard package for $169, and the Professional Package for $1999.
These licenses are being offered at 50% discount, while you can add up the same amounts to discover the full price of the licenses. The basic package will support only one exchange, while the maxed out package supports all the exchanges with unlimited balance on them.
There is a free trial demo available on the platform, which will give you an idea of what you will be purchasing. The bots are unlimited on all the three packages, giving you the option to implement multiple strategies at the same time and find out which generates the maximum profits.
Is It Possible To Make Money With Margin?
Given the fact that you are paying for the trading bot just once in your lifetime, even if it generates minuscule profits every month, you will be able to cover the cost of the trading bot. However, making profits based on your investments is an entirely different question. Since you will be implementing your own strategies with the trading bot, making profits depends upon how well you design the strategy.
The potential to make profits with the bot is 100% with the right strategy. Follow the strategies that are designed by the professional traders, implement them on your own account, and you will be able to make substantial profits with Margin.