Trality, Austria’s leading algorithmic trading platform, today announced that it is completing its beta phase and ready to bring the power of trading bots to all.
The VC-backed Austrian fintech is out of beta and ready to offer powerful, professional automated trading to everyone who needs it
- Over 80% of private traders lose money because of emotional bias and human error
- Trality allows its users to benefit from the use of automated trading bots
- Trading bots run 24/7 and trade based on cold, hard data
- Just a couple of months since closing a funding round with local and international investors
Why should people be using trading bots?
With the recent uptrend in the crypto market, more and more people are pouring into the industry and trying to turn a profit trading Bitcoin and other cryptocurrencies. Unfortunately, many of those investors have more experience in traditional markets such as stocks and forex or they simply don’t have much experience at all. This leads to a shocking 80% of private investors losing money when trading crypto, while big institutional investors are using expensive algorithmic tools to take advantage of this. Trality is leveling the playing field and giving everyday investors the same opportunity to profit from this state-of-the-art technology.
How can you get started?
In essence, Trality is offering traders a remedy to their emotion-fuelled, frantic trading which often leads to losses. Anyone can build a bot that trades on their behalf and they don’t have to worry about their bot trading on questionable news sources or fear of missing out (FOMO) – bots trade on cold, hard data. Trality currently offers two groundbreaking products to help its users get started with plans on adding more. Their first product is geared towards coders and gives the user access to the world’s first browser-based Python Code Editor.
Advanced traders can take advantage of an easy-to-use API and a long list of powerful instruments to really customize your bot. With several unique order types and libraries, the savviest traders can bring their wildest trading ideas to life. Users will be able to go beyond simple technical analysis and harness the potential of intricate math, statistics, machine learning, and other sources of data.
If you can’t code, do not despair. Trality has a tool for non-coders too and it’s designed with maximum simplicity and usability in mind. The Rule Builder caters to those who want to build an algorithmic trading bot the ‘easy way’ by just dragging and dropping indicators and strategies from an extensive library which Triality constantly expands. With the Rule Builder, any veterans who know their way around a chart can build a bot in minutes.
Alexander Kahl, Vice President of Product and founding team member at Trality said,
In the future, everything will be automated. This includes private investments through the use of algorithmic trading bots. We already see a lot of growth of algorithmic trading in the crypto space however most solutions drag their users in through flashy marketing that promises ‘get rich quick’ while offering generic black box signals. Trality provides state-of-the-art tools to create highly-intricate, super creative algorithms within an educational, community-driven infrastructure that promotes learning and development as a trader.
This launch comes only a few weeks after Trality announced it was able to secure a whopping 1.5 million Euro in capital to achieve its vision of revolutionizing the way we manage our cryptocurrency trading. The company brought in angel investments from the DACH region’s blockchain accelerator Blockrocket as well as getting the attention of German fintech VC tokentus. Combined with the COV-19 Startup Fund from the Austrian Wirtschaftservice (AWS).
The Vienna-based startup Trality was founded in January 2019 by Moritz Putzhammer and Christopher Helf. Trality’s goal is to close the gap between professional and private trading by educating and making it possible for everyone to understand and benefit from the technology of algorithmic trading – without emotion and fully automatic.
This simple, yet innovative approach Trality has taken to achieve its goals attracts a broad range of users to its growing platform.
Trality Co-Founder & CEO
Email: moritz [at] trality [dot] com
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Disclaimer: This is a paid post and should not be considered as news/advice.