The key to optimize your profits and gaining maximum profits and minimum losses from your crypto investments is easy. All you need to do is analyze, strategize and mediate. In a market as volatile as the cryptocurrency market (quantum-ai-trading.com) must always make rational decisions and take steps that will help maintain their investment portfolios and minimize their risks as much as possible.
One such way to maintain investment portfolios is to make use of software such as Bitcoin Trading Software to maintain, secure, and manage your assets so that you may gain maximum profits with the right strategies and the correct decisions.
As a beginner investor, you must always study and analyze past markets, different types of cryptocurrencies and their histories, and crypto exchanges and their services. Only after the primary research is done should you take a step forward and invest your money in the crypto market.
To carry out a quantitative analysis of the market to form efficient strategies, it is important to test and validate these strategies on factual data. Therefore, acquiring clean and reliable data should be the first step in your research.
Binance is one of the most user-friendly and efficient crypto exchanges in the world. Binance was also selected as the largest crypto exchange with 24h trading volume, according to CoinMarketCap. Another primary reason to choose Binance API for historical data is that Binance offers a very generous limit on its open API. This allows the trader or investor to look for the information. This means that each year’s worth of price history can be retrieved in only 27 seconds.
The Binance API requires input commands and, in turn, gives 12 return figures. Here are a few simple steps that you must follow to get historical data from Binance API.
The first step is to set the fixed variables, including the cryptocurrency symbols that you are aiming to retrieve.
Next, you must use the Binance API to get the 1000-minute level price data per request. Each intermediary data will be stored for each year so that the entire process is maintained.
Since the CSV output data will be divided according to years, it is best to combine them in one file so that they can be used effectively. Next, you must rename the file and change the symbols to the data to avoid any confusion.
Lastly, at the end of this process, all you have to do is effectively analyze the data so that you can make informed decisions about investments. The process may take some time, depending on your trading pairs. Tokens with a shorter trading history might not take a long time; however, tokens such as Bitcoin and Ethereum may take much longer.
Importance Of The Right Data At The Right Time!
It is important to have appropriate historical data to backtest a strategy and to analyze the results that might take place. Different types of strategies may require different types of data ranging from infrastructure, availability, and connectivity. These elements can be very different depending on the type of data needed and the strategy that needs to be formed with it.
The first step towards successful trading is to have the right data to backtest your strategies so that you may enter the field with your strategies in line. If you are unable to do this and if you enter the market unprepared, you might face a lot of heavy losses.
In a world that is so widely accessible to all avenues of life, it is important for every trader to first test everything out before entering a market as volatile as the crypto market. Traders must always know what’s best for them, how much they should invest in, what kind of crypto should they invest in, and for how long.
Retrieving historical data from Binance API is probably one of the first and easiest steps that a trader or an investor must take as they enter the crypto world. Due diligence and background research is the only thing that will give investors a unique edge in the market and help them earn maximized profits from every move.
| Homepage | Click Hear |
