<!-- --> ELLIPAL has made quite the splash in the crypto hardware wallet industry, competing with the likes of Trezor and Ledger to become...

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Strobes Security Selected As 2022 Red Herring Top 100 Global Company We are proud to be listed in Red Herring’s Top...

Evan Luza, the co-founder of Cool Cats, says he believes more fashion brand labels will enter the NFT space in the coming Evan Luza, the co-founder of Cool Cats, a blue-chip NFT project with a host of charming characters and rich narrative, told Bitcoin.com in a recent interview that he expects more growth in the […]

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Platform enhancements include new product sales certifications and Done-4-U social media services that make it even easier for MSPs to grow profits and expand their customer base

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To the outsider, few things are as mysterious as the stock market. While it has the potential to diversify your income if you are a trader, it also has the potential to wipe out your earnings in seemingly the blink of an eye. That reality isn't lost on adults in America, roughly 61% of whom say the stock market feels intimidating or scary. Most people, we can all agree, will resist investing in something they don't feel comfortable with, yet despite its inherent risks, trading has the possibility of being beneficial in the long term. How, then, can we encourage more people to become retail traders and start their own investment journeys, wherever they may lead? TruTrade.IO, led by its co-founder, Danny Rebello, believes the answer lies in providing retail traders with automation software that incorporates the institutional strategies used by investment bankers and hedge funds.

Why Trading Feels Confusing to So Many People

The stock market fluctuates according to patterns or cycles that can be overturned by sudden events like the coronavirus: one day things seem fine, and the next, the world has dramatically changed, sending markets plunging. It takes a certain amount of knowledge or experience, then, to know how to potentially ride those inevitable developments and decide whether you should trade or sit tight.

Trading also involves concepts and terminology that the pros studied in college before earning additional certifications and entering the world of FOREX, equities, and futures. Yes, it is true that there are a lot of excellent books that explain trading to the outsider and that there is no shortage of seminars, but can they teach everything that a professional learned during their four years in college? Perhaps not. Additionally, it is likely that the information in books and seminars can become outdated as techniques and strategies evolve. 

In the end, we can probably assume that 47% of U.S. families are not investing in the stock market for one or more reasons: they do not feel they have enough knowledge to invest, they are apprehensive about its ups and downs, or they think that trading is only for those who have a specialized education.

How TruTrade.IO Is Working to Encourage More People to Invest

TruTrade.IO states that the world of trading should be open to everyone regardless of their socioeconomic or education status. “While trading will always involve an element of risk, we want people to feel confident that when they trade, they do so knowing they are using the strategies available to pro traders.”

To that end, the company created its automation software, which it says utilizes tips previously known only by industry professionals. “We believe that manual trading is no longer the best option for retail traders,” it states. “It involves a lot of time and energy that most people simply do not have. While the retail trader will, of course, invest some time in learning how to use TruTrade.IO, the software can help them to potentially begin their trading adventure on the same footing as a professional.”

One element faced by retail traders and the pros alike is risk. “Again, there is no way to take it completely out of trading,” TruTrade.IO believes. “However, as institutional traders know, there are ways to possibly lower it, which is the goal of DRAMM, our dynamic risk management module.” 

TruTrade.IO explains that with DRAMM, the software manages an array of complex money management strategies, allowing retail traders to potentially trade more realistically, which the company claims is an advantage over other retail trading systems.

Professionals also have strategies that can possibly minimize drawdowns, or declines in portfolios, and increase the accumulation of equity. “We think retail traders should have these as well, which could help them to feel more confident about trading,” TruTrade.IO says. “So, we have provided the ability for traders to hedge their positions against the same financial instruments or against other correlated financial instruments in different asset classes. The software is very systematic and incorporates multiple bar-types and timeframes.” 

Institutional traders also understand how to potentially minimize slippage and take advantage of any market condition. “We thought this was vital for retail traders to have, too, so we included bot-add-ons for our post-purchase clients,” TruTrade.IO explains. “With these features, we think that more people will feel comfortable with the idea of trading and will enter the market.”

Will TruTrade.IO's Algorithmic Trading Technology Lead to More Retail Traders?

As political upheaval, natural disasters, and interest rates are just a few of the things that can affect trading, the market will remain complex and necessitate caution. However, the automated software created by TruTrade.IO could be a step in the right direction, as few can deny that the strategies used by professionals have the potential to benefit the retail trader as well.

To learn more about TruTrade.IO's retail trading technology, please visit https://www.trutrade.io/. 

Or contact:

Direct: 480.248.3554

[email protected] 

www.trutrade.io 

 

7014 East Camelback Road 

Scottsdale, AZ 85251

CarNow, the automotive industry's leading digital retailing company, today announced a partnership with Cion Digital providing customers a way to purchase and finance vehicles using cryptocurrency via an integration with CarNow's Real-Time Retail™ platform.

Cion Digital's ready-to-deploy modular payments and lending platform provides companies with access to all the connectivity, infrastructure and support needed to rapidly deploy blockchain-based real-time payment and lending solutions, and to incorporate digital assets into existing traditional and legacy payment and financing systems.

This capability will be made available to CarNow's entire network of nearly 5,000 dealers and will include a first-of-a-kind crypto lending marketplace that will let car buyers use their crypto as collateral for loans at highly competitive rates.

Commenting on the partnership, Tim Cox, Co-founder and Chief Evangelist of CarNow said, "This partnership further demonstrates our commitment to providing our dealers and their clients with the most inclusive, dealer-friendly payment options. Now our dealers can better connect with a new kind of buyer who is looking to leverage next generation cryptocurrency payment options and create a more frictionless car buying journey. We're thrilled to be embarking on this alliance together as we look to transform the car-buying experience.”

Cion's Auto Dealership Cryptocurrency integration gives car buyers shopping at a dealership using CarNow flexible payment and lending options. Car buyers can choose to place a deposit on a vehicle with cryptocurrency, make a down payment, or pay for the vehicle in full. The platform allows for full payment in cryptocurrency, as well as options to combine both crypto and fiat currencies in the same transaction. Car buyers can also use cryptocurrency as collateral to qualify for a low-interest loan with one of several lenders in Cion Digital's lending marketplace - almost always at significantly better rates than traditional financing. Once a car buyer chooses how they want to pay, the order is ported from the CarNow platform to Cion Digital. The integration enables buyers to progress through identity verification (KYC) quickly and seamlessly and proceed to payment. 

Transactions are confirmed on the blockchain and transferred in compliance with AML and KYC regulations directly to the custodian in either crypto or fiat (as requested by the dealer) in just a few seconds. Dealers can then choose when they want to transfer settled funds via ACH into their bank account.

“Cion is excited to officially partner with CarNow to offer their dealer partners the ability for buyers to pay for vehicles in cryptocurrency or to use their cryptocurrency as collateral for what is often a lower cost loan,” said Fred Brothers, President and Co-founder of Cion Digital. “With more than half of Millennials now owning crypto, CarNow is increasing dealer capabilities for this fast-growing market of buyers who want more financing and purchasing options at the dealership.”

At rollout, buyers can select from the top 20 coins including Bitcoin, Ethereum, Cardano, Tether, Litecoin, USDC, Polkadot and Dash. Future platform enhancements will include the ability to split the purchase price among multiple coins. 

Dealers interested in learning more about this partnership can visit CarNow at Booth #1771W at NADA 2022 for a demo or visit https://www.ciondigital.com/auto.

About CarNow

CarNow is a market leader in digital retailing solutions for the automotive industry. CarNow creates frictionless, real-time enterprise software solutions to facilitate the transaction between dealers and consumers. Through our solutions, shoppers receive enhanced virtual showroom services, live support at anytime, from anywhere, on any device. With over 5,000 dealership customers and over twenty manufacturer certifications, CarNow is one of the fastest growing companies in automotive. CarNow is headquartered in Atlanta, Georgia. Learn more at https://carnow.com

CarNow Media Contact

Lou Laste

678-492-2737

[email protected]

About Cion Digital

Cion Digital's proprietary Blockchain Orchestration Platform allows institutions to build innovative finance solutions quickly, and to seamlessly connect their legacy systems with the complex and ever-changing world of decentralized finance. 

Our Blockchain Orchestration Platform enables auto dealers and other big-ticket retailers to accept cryptocurrency transactions. We've built the ultimate crypto dealership platform to provide car payment and lending solutions unmatched in the industry. For more information visit us athttps://www.ciondigital.com/auto

Connect with us: Twitter | LinkedIn

Cion Digital Contact

Katie Robinson

[email protected]