shrimpy.io is a great FREE rebalancer and backtester. This means you can not only rebalance, but also test different strategies via backtesting on major exchanges which they support. They’ve grown a lot in this bear market, executing over $250,000,000 worth of trades on behalf of client rebalancing.
3- My personal background is in the hedge fund industry, and I can tell you firsthand that even hedge fund managers use rebalancing tools on their portfolio. Traders of all experience levels can take advantage of these rebalancer crypto tools.
2- For example, if you want your Ether holding to always be worth 10% of your portfolio, but Ether rises in price, increasing its worth to 30% of your portfolio, it will automatically sell some Ether to balance out your portfolio.
What is Portfolio Rebalancing? Many sophisticated traders take advantage of portfolio rebalancing, as it helps mitigate risk and maintain profit generation. Portfolio rebalancing will automatically buy and sell assets in your assets based on portfolio weight.
I love CryptoPanic. It’s a comprehensive, free news aggregator that also allows you to customize your own dashboard for price alerts! It really saves a lot of headaches when it comes to keeping up with big news, you won’t regret this one.
cryptocompare.com is a site that has been around for a long time in the industry. They offer reliable market data as well as tools to track your portfolio and informative articles to learn about new developments and different coins.
The process of drawing in market data requires integrating with various exchanges,normalizing data,and calculating average prices,all while making sure there are no errors. Having an accurate pulse on the market,with accurate data,is a mandatory requisite for becoming a profitable investor or trader
