Popular crypto trading bot service 3Commas has launched a free educational course to help users understand the basics of utilizing algorithmic bots for cryptocurrency trading. The course is part of the platform’s effort to sensitize traders on the benefits of automated trading tools especially in a fast-paced market like virtual tokens.
Since its inception, 3Commas has continued to provide smart tools to enable crypto traders to minimize losses and limit their risk exposure given the volatile nature of the cryptocurrency market. As part of these efforts, the platform has extended its services to cover some popular exchanges.
Details of the Course
According to the details of the course as seen on the Teachbase learning management system (LMS), the 3Commas educational offering is for both beginner and experienced traders alike. The modules are reportedly structured to guide users into understanding how to make profits trading cryptocurrencies.
An excerpt from the course description reads:
“In the introductory lecture you will learn: what types of earnings on cryptocurrencies exist and bring the greatest profit; whether it is possible to earn on trading without special education and experience; what is bot trading and what are the advantages and risks.”
The 3Commas course consists of 14 lectures optimized for independent online learning. The first couple of lessons instruct the participant on preliminary activities like registering on Binance and on the 3Commas platform along with the necessary promo and referral codes.
Other modules focus on showing users how to connect their 3Commas accounts to supported crypto exchange platforms via API, details on the procedure for setting up a Long Bot, as well as a rundown of the tools available on the 3Commas platform.
Within the 33 materials included in the free educational course, traders will also receive lectures on indicators and trading strategies as well as a primer on how to use signals. The indicators covered in the series include Relative Strength Index (RSI), Bollinger Lines, and Fibonacci Line among others.
The 33 materials are also divided into 18 course-notes, 15 lecture videos, and one quiz. Participants are also able to track their progress as they go through the entire learning plan.
3Commas Making Automated Crypto Trading Possible
According to 3Commas, new registrants on the platform will have access to a 3-day test period. Users can also request for additional time to navigate the course after the expiration of the initial three days.
The roll-out of its free educational course is only the latest in a series of steps undertaken by 3Commas to foster the adoption of automated trading bots in the crypto scene. As previously reported by Blockonomi, the crypto trading bot provider partnered with Binance back in October 2019 to extend the reach of its services.
Apart from Binance, 3Commas also interfaces with other major crypto exchanges like Bybit and Bittrex. In May, 3Commas added cryptocurrency derivatives giant FTX to the list. The increasing catalog of partner cryptocurrency bourses helps to allows customers to utilize 3Commas suite of automated trading bots across several platforms.