Automated trading and centralized exchanges: talking all things crypto with Matthew McGregor

Crypto trading is lucrative, but it’s not easy. As one of the most volatile asset classes, crypto has its fair share of horror stories.

Making money in this industry requires a good knowledge of market indicators, trading strategies, and continuous analysis. Ultimately, that’s what makes an elite trader.

Matthew McGregor is one such trader, having carved out a niche as an influencer and a serial entrepreneur. After 15 years of running his own company, Matthew chose to enter crypto full-time. Since then, he has founded AlphanumetriX and BLKBöX, developing automated tools to help new users trade with ease.

“We developed a trading indicator called AlphanumetriX, which we turned into a fully automated trading system,” Matthew explained in a recent interview with Invezz.

This system, to be released on Bitget in mid-2024, allows for trading without fear, greed, emotion, or hesitation. This ensures consistent, data-driven decisions.

The AlphanumetriX system, McGregor noted, is designed to eliminate the emotional aspect of trading, which often leads to poor decision-making.

What makes a great exchange?

Known as ‘Money Man’ among the crypto community on X (formerly Twitter), Matthew also shares in trading activities on Bitget as an elite trader.

When asked about the essential features of a top-tier centralized exchange, Matthew emphasized “high liquidity, advanced security measures, user-friendly interface, a wide range of supported cryptocurrencies, competitive fees, efficient customer support, advanced trading tools and charts, flexible staking options, and regular audits and transparency reports.”

He also stressed the importance of these features in providing a robust trading environment. High liquidity ensures seamless trading, while advanced security measures protect user assets.

A user-friendly interface makes the platform accessible, and a wide range of supported cryptocurrencies allows for diverse investment opportunities.

Competitive fees attract more users, and efficient customer support resolves issues quickly. Advanced trading tools and charts are necessary for detailed market analysis, and flexible staking options provide additional revenue streams. Regular audits and transparency reports build trust with users.

According to Matthew, Bitget’s innovative staking options, hourly reward distribution, comprehensive risk management strategy, accessibility, and ease of use set it apart. “Bitget offers innovative staking options with flexible redemption in Bitget PoolX,” he noted.

The platform’s hourly reward distribution enhances liquidity, and its comprehensive risk management strategy ensures safer trading.

He also highlighted Bitget’s support for staking stablecoins and its native token, BGB. The stake-to-mine platform offers extra revenue streams, making Bitget an attractive choice for both novice and experienced traders.

Spot market offerings make a difference

When it comes to spot market offerings, Matthew rates Bitget highly. “Bitget’s spot market offers comparable or superior liquidity, competitive trading fees, a diverse range of supported tokens, an intuitive trading interface, and fast and reliable order execution,” he stated.

McGregor explained that these features are crucial for a smooth trading experience. The high liquidity ensures that traders can buy and sell assets quickly, while competitive fees make trading cost-effective.

The diverse range of tokens provides ample trading opportunities, and the intuitive interface makes the platform easy to navigate. Fast and reliable order execution minimizes delays and slippage, which are critical for profitable trading.

Money Man also shared a personal anecdote about how his company, BLKBöX, has benefited from Bitget’s features.

“We utilize Bitget’s sub-accounts to connect our bots,” he revealed.

This allows traders to operate in their main accounts while our bots handle automated trading. This flexibility is crucial for maintaining smooth, uninterrupted trading experiences for our users.

This flexibility, McGregor added, has been instrumental in optimizing trading operations and ensuring that users can trade efficiently without disruptions.

Tools and features for traders

For beginners entering the crypto trading space, McGregor recommends Bitget’s educational resources, mock trading platform, user-friendly interface, and advanced trading tools. “Bitget offers detailed educational resources and tutorials that are invaluable for new traders,” he said.

The mock trading platform allows beginners to practice trading without financial risk. Its user-friendly interface simplifies the trading process, and advanced trading tools cater to more experienced traders.

These resources, Matthew explained, are designed to help traders at all levels improve their skills and make informed trading decisions.

Highly bullish on Bitcoin

When asked about his outlook on the current bull market, Matthew expressed strong confidence in Bitcoin. “I’m very bullish on Bitcoin over the next 12 months,” he said. “Any market corrections should be seen as opportunities to buy the dip. The long-term fundamentals and increasing institutional adoption suggest strong potential for significant gains.”

Matthew’s optimism is rooted in the belief that Bitcoin’s inherent value and growing acceptance among institutional investors will drive its price higher in the coming months.

Pre-trade preparation: What’s an elite trader’s ritual?

Detailing his pre-trade preparation routine, Matthew emphasized the importance of research and analysis. “My pre-trade routine involves researching and analyzing market trends and news,” he said. “I set clear entry and exit points based on technical analysis.”

“My experience with Bitget has been positive, with responsive customer support and a user-friendly platform,” Matthew stated. “In the future, I see Bitget developing more advanced trading features and enhancing its security measures.”

The perks of non-custodial wallets

Finally, Matthew discussed the advantages of using non-custodial wallets, such as those offered by Bitget. “Non-custodial wallets offer enhanced security and control over private keys,” he explained.

They provide greater privacy as user data isn’t stored on centralized servers. Users can manage and access funds independently.

Matthew cited Bitget Wallet as a practical example, noting its ease of integration with Bitget’s trading platform, support for multiple cryptocurrencies, and user-friendly interface for managing assets securely.

The post Automated trading and centralized exchanges: talking all things crypto with Matthew McGregor appeared first on Invezz