hey guys in this video we will dive into the
cryptocurrency exchange pionics which offers a wide range of free crypto trading bots that will
allow you to make passive income in crypto we will be going over a lot of different information
regarding pionx and reasons why using a grid trading bot can be profitable as well as later
on in the video going over how to set up the bot and more so definitely make sure that you stick
around for the whole video so that you don't miss anything subscribe if you're new to the channel
and definitely go ahead and smash the like button for the algorithm thanks a lot and let's go ahead
and dive in so the best bitcoin trading strategy for 2021 for newbies i did want to point this
out huddle sounds right but it's impossible for most investors buy and hoddle but none of them hot
all their bags after several pump and dumps by the market manipulators and it shows a little diagram
here how people think it's like to huddle you got this little guy on this bike riding just smoothly
to the finish line you know just all just smoothly to the finish line what it's like to actually
huddle it's like an obstacle course you got this mountains and rough terrain and you got trees and
you got to go across a you gotta ride a dang tram up the mountains and then you gotta ride a cruise
ship through the ocean and then you fall down a cliff and you gotta climb up a giant ladder in the
middle of a storm before you make it to the finish line and basically this is true this is true most
people that are in the crypto space that are new they don't understand that and they panic excel
half the time and probably lose money that way so the tool that makes huddling possible
grid trading is a strategy that profits from fluctuations what it does is buy low and sells
high in a specific price range it can help you perform better and have a trading strategy
that it's active 24 7 trading for you 24 7. and then it gives you a couple of diagrams
here that you can take a look at it says try this if you're bullish on bitcoin for the long
term but worried that you might sell the dip shows you some parameters that you can put in
here yourself also you can use an ai strategy we're going to be going over some of this stuff
later on in the video so don't go anywhere and it also has right here um millie bitcoin
requires a lower investment to start with um which i don't know if you know what melee
bitcoin is but this is like trading a miniature version of bitcoin basically and guys the pionx
app is available on both the apple and android app stores so what is the grid trading bot a
grid trading bot is a kind of computer program as a tool to help you auto buy low and sell
high within a certain price range you set for example if you predict that the price will
fluctuate between 10 and a thousand dollars then you can run a grid trading bot to help you
auto buy low and sell in this price range and we're going to talk about that and show you how it
actually works and show you how it is buying low each time the price dips and it is already set
to sell as soon as the price goes back up as long as the price fluctuates within the range that you
put in the bot will keep making arbitrage for you without any manual operations so as i was saying
guys an easy way to make passive income in crypto it's something that you can set if you have the
uh the parameters that in mind that you believe the the cryptocurrency will go and trade
in between you put those in you set it you let it go and let it do its thing while you're
eating while you're sleeping while you're at work it can be constantly trading for you and
catching the lows and selling the highs and so more importantly grid trading bots can solve the
problems fundamentally that most retailers have what are the problems sell the coin to get a very
small profit once the price goes up a little or sell the coin to cut loss once the price goes down
a little which will make you profit little while losing a lot the longer time you trade in this
way the bigger loss you're gonna make so trading should return to rationality not perceptual grid
trading can strictly implement trading strategies without being influenced by emotions and that's
the biggest thing guys that really is the biggest thing because the key to trading success is
emotional discipline if intelligence were the key there would be a lot more people making money
trading that's a quote there by victor sparandio and this graph is a perfect example of how most
traders like chasing the markets it shows here people bought bitcoin during the price up as it's
going up here they've missed the top and then they come on down here and then they the panic
sell and they sell the price down at the bottom and then as it starts going back up again
people buy during the price going up missing the top missing the cell points and then
out of emotion cell down here towards the bottom and it just continues and continues and just an
example of how the emotions can get in the way guys fear the loss and be greedy for short-term
profits is one thing that people do fear and greed are the very common human being emotions sometimes
if the price of one coin you hold goes down you may sell this coin at a lower price because you
fear losing more even though it would pump later on the contrary if the price goes up you may sell
too early because you are greedy and miss out on the real profit all these situations affect your
trading performance and may cause you to trade badly also hesitating and watching all along
everyone's by the bottom and sell at the top but in reality most traders are always watching and
hesitating causing them to do the exact opposite how many of you guys have had that issue happen to
yourselves let me know in the comment section down below all right guys so once you've logged into
your account over on pionx you can see that it does offer you once you've clicked on trade over
in the left hand corner it offers you a chart here where you can do your own analysis you can
choose from different indicators here over here to the right hand side you can click over here and
choose from different cryptocurrencies here um many many different currencies huge list actually
of different cryptocurrencies that you can choose from and then over here you can click on manual if
you would like to just do manual trades or right here you can click on trading bots and it shows
you a list of all the different trading bots that they offer and you can see there's many different
bots stop limit bots dollar cost average trailing by infinity grids there's also the ultra wide
range grid trading bot or moonbot all right guys so what we're going to do is go ahead and click
up here on our currency and we're going to choose cardano and we're going to go
ahead and try the grid trading bot and you can see here once you click on create bot
it does offer an ai strategy so an an artificial intelligence strategy here that you can choose
from where you don't have to actually set any manual parameters but if you would like to set
your manual parameters you just come over and click on manual settings where you can enter
in the price range that you would like to trade in and out of so if you expect cardano or whatever
currency to tr uh you choose to trade between a specific low and high price for a certain amount
of time then that would be the price ranges that you would enter in here and then you enter in
the number of grids and then you come down here and you choose the amount of investment that you
would like to to use so what we're going to do is use the ai strategy here and we're going
to go ahead and just put in the max amount here which i have you see here i have 441 usdt
here and then you're going to click on create and it's going to show you your parameter
confirmation here initial allocation profit per grid estimated profit per grid is
0.32 point five percent and number of grids is seventy nine based on this ai strategy
so we'll go ahead and click on continue and it's you see here created successfully and
now you can look down here at the bottom it says starting the bot and now that our bot has been
created we can come down here and click on details and this will show us the details of our bot and it'll also show over here you can click on
placed orders and this will show you guys exactly the price points that of cardano here
that this bot is going to start buying and it also show on the right here the price point
that it will sell once the price goes up so this will continuously buy low and then sell high for
you and then over here you'll be able to see your total profits and it'll show you the current
price range that it is trading in and out of and over here to the left once again you can see
transactions parameters and if you're ready to release your profits you click on release profit
here and you'll come up here and click on release profit if you are ready to go ahead and take your
profits from the bot and guys later on after i let this bot run for a little while i'll probably
likely do an update to let you know how the bot has performed after say a week or a month's
time and see how if it's profitable or not so make sure you if you're new to the channel
don't forget to hit that subscribe button and smash that like button hope you guys enjoyed this
review and tutorial here on pionx do not forget to check the links in the description for how you
can sign up for pyonex as well as tutorials and information that you may want to know about if
you are thinking about using the pionx exchange
