What is XBT News Trader, one might ask. XBT News Trader is nothing more than a software that helps traders, by collecting news with the intention of giving recommendations on how to place a successful trade on cryptocurrencies. Since the value of cryptos started to rise back in 2017, people started to be bombarded with fresh information on cryptocurrencies in general and most specifically Bitcoin. Even if Bitcoin and other cryptos in general appear to be a golden investment opportunity, it is pretty clear that they can be quite unpredictable too and can change their price significantly depending on the market sentiment and what is happening around the globe with the exchanges and regulators. In case you wish to explore XBT News Trader more, keep reading our full review below to see how the software works and how it can benefit your trading.
XBT News Trader Account Features
The main aim of XBT News Trader is to make use of all the latest news so that traders can benefit when placing a trade on cryptocurrencies and CFDs. The software does that by following all the relevant and reliable news sources so that it can then, identify the news related to cryptocurrencies only. Once it identifies the relevant news it will then, determine whether it is a positive or a negative news. Long before most traders read or even find out about the article, the software will have already created a trading signal. Thus, offer the advantage to traders to go in early into their crypto trading positions.
Can XBT News Trader Also Follow News on Ethereum and Other Cryptos?
XBT News Trader not only follows Bitcoin but in addition it tracks other cryptocurrencies and their news such as Ripple, Ethereum, Litecoin and many more. It puts its computing power to practice in order to consider each and every one of the news received about the specific cryptocurrency and generate a recommendation for trading.
Is XBT News Trader Suitable For Beginners?
By using XBT News Trader it is really easy for beginners to understand the movements in cryptos prices. In addition, new traders need to have a basic understanding of the cryptocurrency trading platforms and also, of the way CFDs work.