Bitcoin Trading on Forex Using USI-Tech automated trading software

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USI-TECH is a technology company that specializes in the development of automated trading software in the FOREX market using the Bitcoin currency.

USI Tech markets itself as the world’s first automated trading platform for the Bitcoin currency. The platform makes use of fully automated trading software; making Bitcoin trading accessible to those without trading experience.

Where is the company based?

The company USI-TECH Limited, registration number ICC20160282, has its headquarters in Dubai.

Cost

Source >

  • FOREX Lifetime – €600 (One Time Fee) Includes 12 month Agency Licence
  • Agency License – €600 (Annual Fee) extended Uni-Level Qualification (12 Level)
  • Bitcoin Package – €50 (Unlimited Buy Amount)

Products

  • Automated trading systems specifically tailored to the MT4 trading platform for the FOREX market.
  • Bitcoin Investment Packages.

Background on Bitcoin trading

Bitcoin and other Cryptocurrencies have had a chequered history; in the beginning they were strictly for developers and enthusiasts, then they were only for criminals using the dark web. This shady reputation is still fresh in the minds of many. However, in the past year cryptocurrencies such as Bitcoin have seen mainstream acceptance from many governments and financial institutions.

Business model

The cornerstone of the USI Tech business model is that is has opened the world of crypto finance to non-developers and traders. This allows those with non-technical experience to benefit from Bitcoin’s volatile price increases.

Trading strategy

USI Tech explains their trading strategy on their website https://www.usitech-int.com/

Our unique algorithms don’t rely on common indicators, allowing them to deal with extreme market fluctuations and avoid incurring severe losses.

At its most basic trading can be automated using the following example logic:

  • Sell low – if BTC price drops below $5000 sell – damage limitation
  • Sell high – if BTC price reaches $8000 sell – maximize profits
  • Buy low – if BTC price drops below $2000 buy – take advantage of dips in the market

BTC price trends can further be predicted using technical indicators like Fibonacci levels, Oscillators, and price and volume indicators

Trend trading makes extensive use of technical analysis, including both chart patterns and technical indicators, enabling the trader to isolate and extract profit from trends.

USI Tech is trader software that analyses the market and invests on behalf of its members.

USI Tech trading chart

Breakdown of USI Tech promises

The FOREX exchange market is the market with the highest capital turnover in the world.

The value of currencies goes up and down every day based on the foreign exchange market (Forex). The Forex market is the largest financial market on Earth. Its average daily trading volume is more than $3.2 trillion.

And Bitcoin continues to grow by leaps and bounds

A sweeping statement but that is the current trend. You can make profit from trading on the Foreign exchange. Bitcoin price is growing, and you can make profit with USI Tech, without having any knowledge or experience.

It is almost impossible to obtain enduring profits in these markets without professional tools

It’s difficult to trade when you don’t know what you’re doing and difficult even when you do.

Our automated trading system provides access to the most liquid market in the world with excellent profits for ANYONE

USI Tech will trade your money for you and make you profit.

More than 80% of traders lose money while trading, continuously, due to their lack of experience and other psychological factors

This is very true. In my article http://www.bissresearch.com/bitcoin-trading-signals-how-i-got-caught-in-a-bitcoin-bear-trap/ I describe how I attempted to make a profit from a BTC price drop. I knew what was happening, knew what would happen and could have made profit. But I lost my nerve and made nothing. However, by doing it myself I learned my lessons and am now prepared for the next time. Would I have made money if I had allowed USI Tech to invest for me? Perhaps but I would have learned nothing about trading on the exchanges.

Is it a scam

I prefer to sit on the fence on this one as it requires further investigation. However the following articles provide a for and against case and are well worth a read.

Conclusion

I prefer to trade independently, however if you don’t have the time or patience for this then USI Tech is a terrific way to start investing. I have personally seen the reports of a colleague who uses the platform and he has been making profit.

One thing I have discovered with Crypto exchanges is that you can never be sure till you try to withdraw.

Want to trade independently?

https://www.forex.com/en-us/support/faqs/opening-a-trading-account describes the process for opening a FOREX trading account. USI Tech takes care of this for you.