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Automation Profits

AI-Driven Wealth, Hands Free - The 7 Day Challenge

DAY 2 - Understanding Tools & Platforms

Progress Bar | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 | Day 6 | Day 7 |

Action Set 1:

Tool Familiarization

Get hands-on with Cryptohopper. These tasks will guide you through account setup and key features, ensuring you're ready to dive into AI-driven trading.

Step 1

Create an Account

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Start by signing up for Cryptohopper:

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  • Visit the Cryptohopper website.

  • Complete the registration form with your email and password.

  • Verify your email to activate your account.

 

This step ensures you’re set up to access all features.

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Step 2

Explore the Dashboard

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Once you’re logged in:

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  • Familiarize yourself with the dashboard layout.

  • Check out key sections like Trading Bot, Signal Marketplace, and Portfolio Management.

  • Click through each section to see what’s available.

 

Exploring these features now will make future steps easier.

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Step 3

Watch a Quick Demo

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For a guided overview:

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  • Watch this quick video tutorial [insert link].

  • Pay attention to how to configure basic settings like trading pairs and bot setup.

 

This video is designed to simplify the process for first-time users.

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1

Introduction

Outcome: By the end of today, you’ll confidently navigate essential trading tools like Cryptohopper and understand how to leverage them for automated strategies.

Activities: Today’s tasks include setting up accounts, exploring interfaces, and completing light configurations to ensure you're ready for the next steps in AI-driven trading.

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What Are Essential Tools for AI Trading?

AI trading tools are platforms designed to simplify and automate your trading journey. These tools, like Cryptohopper, use advanced algorithms to execute trades, analyze market trends, and provide real-time insights. They enable users to trade across multiple exchanges, set custom strategies, and manage risk efficiently. With their intuitive interfaces and automated capabilities, these tools eliminate the need for constant monitoring, making trading accessible even for beginners.

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3

Why Are These Tools Crucial?

AI trading tools are essential because they bring precision, speed, and efficiency to the volatile world of cryptocurrency trading. Without them, traders face the daunting task of analyzing vast market data manually, which can lead to missed opportunities and errors. Platforms like Cryptohopper help you execute trades at optimal moments, minimize emotional decision-making, and provide robust risk management features. These tools empower traders to focus on strategy while the platform handles execution, ensuring a seamless trading experience.

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How to Get Started With Cryptohopper ?

Getting started with Cryptohopper is straightforward and beginner-friendly. Begin by creating a free account on their website. Once registered, you’ll gain access to an intuitive dashboard where you can explore features like bot creation, signal marketplace, and portfolio tracking. Follow the setup wizard to connect your preferred exchange account using API keys. Then, configure basic settings such as trading strategy, stop-loss limits, and asset selection. By the end of this step, your bot will be ready to execute trades automatically, saving you time and effort.

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Progress Check
Which feature caught your eye so far?

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Quick Thought
What felt easiest to learn?

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Looking Ahead
Ready to set up your first strategy?

Action Set 2:

Light Configuration

Now that you’ve explored the platform, it’s time to set up the basics for automated trading.

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Step 1: Connect an Exchange

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  • Log in to your preferred crypto exchange (e.g., Binance, Coinbase).

  • Locate the API Key section and generate your keys.

  • Return to Cryptohopper and securely connect your exchange using the API keys.

Step 2: Configure Basic Settings

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  • Choose a trading pair to start (e.g., BTC/USDT).

  • Set up a basic strategy, or select a pre-built one from the marketplace.

  • Enable essential features like stop-loss limits to manage risk.

Step 3: Test Your Setup

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  • Run a backtest to see how your strategy performs with historical data.

  • Review the results and make small adjustments if needed.

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Feeling a bit stuck? Watch this quick tutorial to recap today’s tasks and get back on track.

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Click here to revisit the mini-guide and reinforce what you've learned today before moving on!

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Checkpoint

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5

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Get Ready for Day 3: Basics of AI-Driven Trading Strategies

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You’ve mastered the tools and set up your foundation—great work! Tomorrow, we’ll take it to the next level by creating your first automated strategy. This is where the magic happens as your tools start working for you.

 

For a head start, check out the section on strategy building in the mini-guide — it’s packed with insights to prepare you for Day 3!

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