Spot Investment Introduction
What is Spot Investment? What kind of traders is it suitable for?
An trading bot buys currencies for users on a regular basis according to a cost averaging strategy, which is generally considered to be suitable for the following three types of users
Those who want to hold tokens for a long time, those who don't care about short-term fluctuations, and those who don't have time to follow the market in real time.
Spot Investment Settings
You can find the Trading Bots in the upper right section of the app, enter the page and click on the Spot Investment
You can choose whether or not to change the robot name on the creation page.
You need to choose the target currency in which you want to implement your fixing strategy, the frequency (how often to buy)
After creation you can see the previous run of the strategy on the page
Example:
If the user uses the following parameters to set up
Target Currency ETH, Fixed Amount 100USDT, Investment Frequency 1 week, User will stop the strategy after 1 month.
The transaction details are as follows
| Trading Price | Trading Volume | |
| First week | 1,860 | 0.05376344 |
| Second week | 1,650 | 0.06060606 |
| Third week | 1,770 | 0.05649717 |
| Fourth week | 1,700 | 0.05882352 |
Average admission price =(1,860+1,650+1,770+1,700)/4=1745
If a user buys 400USDT of ETH directly in the first week, the cost of buying will be 1860; if the cost of using a fixed deposit is calculated as above, it will be 1745, which is a lower cost than buying directly.
If the balance of the user's spot account is insufficient, the Fixed Deposit will be suspended until the user deposits enough funds and then it will be activated again.
IOS :https://apps.apple.com/us/app/id6444251506
Android: https://play.google.com/store/apps/details?id=com.bydfi.app
