The attractiveness of profits from cryptocurrency trading has only increased to those who have not yet participated in the market. Although Bitcoin has an average return of over 800% and other altcoins offer similar numbers as Ethereum with returns of 400%, the cryptocurrency market is one of the toughest markets for beginners and is often considered more challenging than the traditional market. . Despite the high barriers, this does not stop investors. After all, with greater risk often comes the greater reward.
Basically, there is a reason why investing in this market is so difficult that it never closes. Since the doors are available 24 hours a day, 7 days a week, traders are likely to experience constant FOMO trying to always be aware of all the ups and downs in the market.
Without a break, investors will quickly face burnout and unnecessary stress; While learning to navigate technical indicators and different charting methods. In addition to their time, new traders are often heavily influenced by social media users, the most popular of which are the creators of Instagram and TikTok. On these platforms, investors quickly gain a large number of followers and appear to be experienced investors when in reality they are not as experienced as their followers. These are just some of the reasons the learning curve is so steep, especially for those with no prior experience.
With Copy Trading, novice investors no longer need to spend time studying trends or charts or making an informed decision to buy, sell or hold one of the many assets available to them. Instead, they can choose an investor who consistently offers high returns and repeats those trades in their own portfolio. ICONOMI is just one of the leading platforms as a cryptocurrency strategy provider that offers users a solution for cryptocurrency trading and social trading.
Since its inception in 2016, ICONOMI has become one of the few companies registered to offer its services in the UK (FCA), providing users with a safe path from novices to experienced investors.
Effortlessly develop strategies
Recognizing that cryptocurrencies will soon play a more important role in financing, ICONOMI is working to create cutting-edge technology solutions by developing compliance tools to build trust in the system. By facilitating a process where users are free to develop and copy strategies based on their individual preferences and experiences, the platform can allow users to control their investments in a place where like-minded people can access and help each other in their investment journey. .
With ICONOMI’s flagship product, Crypto Strategies, users can view the historical performance history of each strategy before choosing which one to run. To further simplify this process, the platform itself provides an interface that frees the user from a number of complex operations, including managing multiple exchange platforms, setting orders, transferring tokens between wallets and different exchanges, warehousing, pricing, and thus providing a trading experience. Which beginners can pick up quickly.
More about the economy here
According to their team, ICONOMI becomes “hassle-free management of cryptocurrencies without order books and other complex features that users encounter when exchanging.”
At the heart of these solutions is an advanced proprietary trading engine that drives the ICONOMI platform, ensuring a seamless experience for all users. As a result, every trade made is the best in the market, as every price is controlled by more than ten leading exchanges at the same time. As a result, in 2021 alone, the engine is said to have processed more than 90 million custom orders.
Reaching new heights
ICONOMI has now exceeded 300 million assets under management with 4,000 crypto strategies, over 1 million user payments and 300,000 rebalancing on its platform. Despite the significant growth in the number of users and advances in their mobile apps, the future still includes several important developments, including the introduction of the Anchor Earn, improvements to the ICONOMI trading engine, and the addition of new assets.