Strategies
CryptoHero allows users to trade in both bull and bear markets with long and short strategies. Bots supports both directions but each bot is configured to be in one. To trade both directions with the same settings another bot must be used. You may make a copy of a bot and change the strategy to trade an asset in both directions.
Buying a base currency (Bitcoin) with the quoted currency (TetherUS) expecting that the value of Bitcoin will rise against TetherUS, selling Bitcoin for more TetherUS in the future to realise a profit in TetherUS.
Selling a base currency (Bitcoin) for the quoted currency (TetherUS) expecting that the value of Bitcoin will fall against TetherUS, buying Bitcoin for less in the future to realise a profit in Bitcoin, or buying back the same amount of Bitcoin sold earlier and profiting from selling the Bitcoin earlier in TetherUS.
CryptoHero also offers Futures trading in addition to spot trading. Trading on Futures market is very different from spot due to the concept of contracts versus "physical" coins. Users can jump right into our Futures trading article in this User Guide to understand how Futures trading work in CryptoHero.
Last modified 10mo ago