How Trading Bots are the Better Option for Binance Futures Trading

Trading futures is risky as well as profitable at the same time, and should be done by experienced traders. Futures are actually contracts related to specific assets allowing traders or investors to buy or sell any asset at a predetermined price or a date in the future. This kind of trading is performed by expert traders to hedge risk in different markets.

 

If you are planning to trade on Binance then considering trading futures is the better option. But, it comes with high risk, so it’s better to trade smartly. The futures market doesn’t allow traders to directly purchase or sell any asset; instead, they are trading a contract representation. Here, the actual trading of the asset will happen in the future as per the contract. Binance is one of the most popular exchanges that give this opportunity of trading futures to all its traders.

 

Opening Binance futures account

 

If you want to start trading futures, one of the best things is to open an account on Binance. And, if you already have an account on Binance, you can directly start trading futures. Once you are on the main screen, click on the trade section and then choose futures.

 

Once after clicking on futures, you will be on the Futures screen. Now fund your Binance futures account to start trading. Here, you can use your funds from other wallets or simply move the digital currencies you had in your Binance account.

 

Additionally, Binance Futures account will also allow you to trade with leverage for the contract you open. The leverage amount can be adjusted from 1x to 125x. This will allow you to make larger profits if the trade moves in the right direction. This will allow traders to make larger profits. The best crypto trading platforms like TrailingCrypto allows traders to connect to the Binance exchange directly to perform Binance futures trading.

 

The best trading platforms also offer crypto trading signals to the traders which would allow them to trade better. By receiving signals, traders will get better information about when to enter the market, open any position, or exit the trade.

 

Binance futures trading also allows traders to perform short selling so as to earn profit in the downtrend market. This means that when you expect the price of an asset to fall in near future, you will sell it first at a higher price, and buy it later at a lower price. Additionally, the traders can also earn profit for longing Bitcoin or Altcoin. The steps for longing are just reverse to short selling. Here you will first buy the asset at a low price and then sell it later at a higher price.

A well-built bot can handle all the trades on Binance Futures. The best trading platforms offer Binance futures trading bots to traders which are ideal for beginners who are looking to automate their trading process.

 

Binance futures trading bots in 2023

 

The best crypto trading bots offered by popular crypto trading platforms like TrailingCrypto will allow multi-pair algorithmic trading that can utilize customized or preset strategies for the Binance exchange. The signals and indicators are also provided by them via telegram groups to tell the bot what to do to meet an individual user’s needs. These bots allow users to achieve the user’s goals in bear markets, bull markets, or sideways markets. These bots communicate with the Binance exchange via encrypted APIs while ensuring that they execute commands in a quicker and safer way.

 

The most popular Binance trading bots to trade futures in 2023 are:

 

Bitsgap

 

This is one of the most popular and all-in-one trading platforms widely used by traders all over the world. The trading terminal has built-in features along with some added features like TWAP, smart trade, etc. The bot allows traders to perform trading on Binance futures. Multiple automated solutions are offered by this platform. Additionally, if you have any open positions to secure, you can start with leverage trading to bet on the bullish or bearish markets. Bitsgap has also added a unique graphical feature known as bot statistics. Additionally, it has another important feature that allows users to view the return produced by the active bot.

 

3Commas

 

This is an online trading platform which facilitates crypto trading via automated trading bots. It is a web-hosted platform and any device can access it easily to perform trades on 23 exchanges. The platform offers the best Binance futures trading bot with multiple trading strategies. This platform is very secure and uses the 2FA feature. Third-party crypto trading signals are also offered which allow traders to follow the expert traders to perform profitable and timely trades.

 

TrailingCrypto

 

TrailingCrypto is an automated crypto trading terminal that promises good returns on the users’ trades. The platform offers flexibility and easy accessibility. The crypto trading bots offered by the platform are smartly strategized and allow users to make profitable trades. The primary advantage of using this crypto trading terminal is that the pre-specified strategies in the trading bot automatically identify and invest in the best crypto pairs with maximum returns. Third-party crypto signals are also offered via telegram groups which allow traders to follow seasoned traders.