WorldTradeFair was started by two brothers. After hearing about the opportunities of cryptocurrencies for the first time, they were hooked.

One of them was successful as a daytrader. The other brother, a brilliant web developer, didn't have the funds to invest. This had him thinking: What if there was a way to let a bot trade for you? It could work 24/7, trading as many coins as you wanted, constantly monitoring the market.

Soon, he turned this idea into reality after building a prototype on a raspberry pi, with a 3d printed case - the very first WorldTradeFair. 

One day, the day trader proudly showed his trading tactics to his father, who was not impressed. "Whats wrong with you kid. Watching your computer screen all day long", "stop wasting your time and focus on the important things in life".

He was right and both brothers knew it. At that point they teamed up and turned to their hopper and started brainstorming how to make the ideal trader. What issues do humans face when trading, which can be overcome by a bot? Every day they worked on making the bot smarter and faster. Before long they had developed the ideal trading companion.

POSITION TRADING.

Within the cryptocurrency market, there are traders known as position traders (sometimes referred to as “buy and hold” traders), who take positions for the long term. They base this on long-term charts and macroeconomics, and they operate in pretty much every market—including the hyperactive crypto market.

Considering how the popularity of position trading is growing, it’s worth putting this market approach under the microscope. Here’s a look at the details behind position trading, along with how common traders use positions.

The Appeal of Position Trading

The key to position trading is taking a position in a cryptocurrency that is expected to have a major trend. these traders don’t concern themselves with minor things such as pullbacks or price fluctuations. Instead, they aim to capture the majority of the trend, ideally via trends that can run for weeks, months, or possibly even years in certain instances.

The major draw to this market outlook is that it doesn’t require much activity or time on the trader’s part. All that’s required is initial research; once the position trader decides how to trade the commodity, they enter that trade, after which there’s nothing really left to do. They monitor the position on the off chance of a significant change, but because small fluctuations in price aren’t a big deal, there is minimal monitoring or maintenance needed for the position.

Position trading is different from day trading and doesn’t require traders to spend as much time actively watching the market. Position traders often make thousands upon thousands trades moves, Top Indicators for Position Trading Because of the long-term approach position traders are using to identify trades, technical indicators typically do not play a significant role in identifying trade opportunities. Rather, traders are more interested in market value and increase in % profit,(dogecoin;bnb)

However, indicators can still be used to evaluate trade potential, especially when you’re using information based on historical data. When using indicators, it’s always important to view them within the larger context of a currency pair’s price movement over time.

The result?

A hopper with multiple fully customizable strategies and the option to back test it all.

You can trade on technical indicators, or subscribe to a signaler who sends buy signals. All of our signalers have daily performance reports, so you can check how accurate they are.

Looking ahead

By constantly tweaking the bot and keeping an open ear to our growing community we hope that everyone will be the best trader they can be, while still having the time and energy to focus on the important things in life. WorldTradeFair has the mission to be the bot for the people, which is why many of the features that we developed come from user requests. 

Our team is united in the ambition to create a product that meets your demands. If you have a question or a suggestion, do not hesitate to get in contact with us.

Want to try the hopper? Sign up for a free trial, have a look around, learn and most importantly, Have fun!

WorldTradeFair HQ