Remember that paper trading and real trading are two distinct experiences. While success in the virtual world is gratifying, it should not inflate your confidence to the point of recklessness in the real market. Instead, strive to keep your virtual balance closely aligned with your actual deposit. The ultimate goal of paper trading is to prepare you for the challenges of real trading, where emotions and real money are in play.
- While it most likely will not make an unprofitable trader profitable, it certainly has the potential to make an expert trader’s life a whole lot easier.
- In fact, if you know how to create alerts on Tradingview, you are actually very close to creating your own Immediate Zenith tradingview bot.
- Don’t say you weren’t warned when you lose $$$ because it screws up.
- If the bot is already active when the setting is enabled, only newly opened deals after that moment will be counted.
In addition, Pro users can connect to the Bitmex, Binance Futures, ByBit, and FTX exchanges for automated cryptocurrency futures trading. Immediate Zenith offers more than just crypto-automated trading strategies. The platform also supports robust and comprehensive settings necessary for many traders who have advanced trading needs available in the SmartTrade section. Trading bots are tools best used by experienced traders who know the appropriate market conditions in which to run a bot and have already developed manual profitable trading strategies.
Its range of educational resources, dashboard to track your different exchanges and library of bots and algorithms can give you a major edge. For more than five years, https://immediate-zenith.com/ has been iterating and improving its core proposition, making it one of the leading automated cryptocurrency trading services in the market. It offers most of the features pro traders seek in a trading platform and little else.
In terms of how you go about linking your accounts, this will vary depending on the specific third-party exchanges you wish to merge. However, in the vast majority of cases you will need to visit the settings page of your respective exchange account, and extract the API key. This ranges from a free account, a starter account at $22/month, an advanced account at $37/ month, and the all-in Pro account at $75/month. The package you require will ultimately depend on your individual needs, and how far you want to take your automated trading endeavors. Before you put your trading bot into action, it’s best to test out its capabilities in a virtual environment so you don’t risk real money.
Immediate Zenith is an innovative crypto trading platform, and if its number of users are anything to go by, it is also one of the leading providers within its marketplace. As discussed previously in our comprehensive Immediate Zenith review, it offers several features; it is secure and can be used to deposit funds to linked exchanges. However, due to the poor security track record, we would consider taking a look at our Top 5 Crypto Trading Bots article to find an alternative. The platform also offers paper trading so you can practice your strategies and try out your bot in a simulated crypto market before you put your actual money on the line. This is a great tool for beginners, as well as more advanced traders who want to test out a new strategy under real market conditions. Immediate Zenith is a crypto trading platform that offers novices and experts tools to become a profitable crypto trader.
If you have a separate TradingView account and create custom trading signals through that platform, you can also import them to Immediate Zenith with an Advanced plan. The Starter plan costs $14.50 per month (paid annually) and includes the Smart Trade manual trading terminal, but no automated trading bots. The free plan comes with the vast majority of Immediate Zenith features, such as the SmartTrade and MarketPlace offerings. However, it doesn’t come with the TradingView pricing signals, meaning you won’t be able to benefit from automated bots.
For a more detailed breakdown of features supported by each exchange, we suggest you visit the official website. Essentially, Signal Bot can leverage various candlestick chart patterns and combine technical and fundamental indicators to allow users to tailor their trading strategies. Immediate Zenith’ DCA bot can be customized to a great deal of complexity, which can cover virtually any market condition.
Most users find Immediate Zenith customer service very responsive and willing to solve any issues or answer questions about the platform or trading. You’ll find the user interface a breeze once you gain that foundation. It’s easy to execute trades, check your total portfolio value, gains, rebalances and anything else you need to do right from the dashboard. So now that we’ve covered the ins and outs of what you can do at the Immediate Zenith platform, in the next section of our review we are going to unravel the four pricing plans.
While signing up, you’ll have the option of creating a paper trading account or an actual account, then connecting your preferred exchange account. Notably, you don’t make any real funds in a paper account either. However, you have access to a $100,000 virtual money and unrestricted access to the trading platform.
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