1K Daily Profit
|Broker||1K Daily Profit|
|Minimum 1st Deposit||$250|
|Free Demo Account||Open Demo|
|Deposit Methods||Credit , Debit Card , Bank Wire , Bitcoin , Other Methods including 20 e-Wallets|
|Withdrawal Methods||Credit , Debit Card , Bank Wire , Bitcoin , Other Methods including 20 e-Wallets|
|Trading Currency||Bitcoin , Ethereum , Litecoin , EOS , Ripple , Bitcoin Cash|
|Account Currency||USD , EUR|
|US Traders Allowed|
- Trade on Autopilot
- Tax-Free Profits
- Easy to Set Up
What is 1K Daily Profit
As of June 2019, the capitalization of the cryptocurrency market exceeded $300 billion and Bitcoin, Ethereum and other major cryptos became very popular among individual investors. The surge of Bitcoin price back in 2017, made many investors millionaires or even billionaires and more people joined the cryptocurrency, Gold Rush. Unfortunately, those who invested in Bitcoin at the peak of the market when the price of Bitcoin was around $19,000 suffered losses and still wait for the prices to recover. But what is clear now is that cryptocurrencies became a popular and widely accepted asset class and actively traded by many investors. The good news is that the price volatility of Bitcoin, Ethereum and other major cryptos still presents a great opportunity for active traders to make money in both rising and declining markets. One of the tools that are available to individual investors who want to take advantage of the sharp price moves are automated trading systems or trading robots. 1K Daily Profit is one of such robots and in this review, we will explain how ordinary investors can make money with it.
1K Daily Profit is cryptocurrency trading robot that was designed by former Goldman Sachs employee who identified the opportunity of investing in Bitcoin early and developed special trading software that allows investing in cryptocurrencies on autopilot. 1K Daily Profit trading robot is ideally suited for beginner traders and many people already take advantage of it making up to $3,000 or even more in daily profits.
1K Daily Profit is essentially an advanced computer program that analyses price moves based on technical analysis and makes predictions of whether the price will go up or down. It removes the emotional human element from the trade and takes a large number of small trading positions on a daily basis. The positions are opened for a very short period of time, like seconds or minutes, and closes the positions as soon as the profit target is achieved. It can make a small profit on the trade but when such small profit adds up it results in considerable trading revenue. Of course, some of the trades can be a losing one’s but the computer program is designed to limit losses and usually, investors report that 1K Daily Profit trading robot has an accuracy of up to 80-90% winning trades.
1K Daily Profit trading robot is ideally suited for Beginner traders so please read this review to find out how you can start investing in cryptocurrencies and join thousands of other individual investors who are making money with 1K Daily Profit as a side-hustle.
Ways to Invest in Cryptocurrencies
Given the rapid development of the cryptocurrencies market in general, individual investors might be overwhelmed with the number of options available to them. Initially, many people wanted to invest in the cryptocurrencies long-term but with such price volatility, investors need to be very patient if they want to make a profit. In the meantime, there is a number of options available for those who. Don’t want to wait but prefer to make a profit on a daily basis regardless of market conditions. So what are the options available to individual investors currently?
Crypto exchanges have been very popular among early investors and allow to trade a large number of digital coins. With cryptocurrency exchange, traders trade with each other so there always have to be someone else who wants to buy (or sell) digital token from you. Investors, who trade cryptocurrencies on the crypto exchange own the underlying asset and pay a full price for it. Clients’ digital assets are typically pooled together and stored on the cryptocurrency wallet on the exchange. Unfortunately, such an approach presents a huge security risk and we have seen a number of exchanges that have been hacked and clients’ digital assets being stolen. Given the anonymous nature of Bitcoin, it is usually almost impossible to trace and recover such funds. Crypto exchanges are also not regulated which also opens up an opportunity for some untrustworthy owners to abuse the market.
So while crypto exchanges remain popular among many investors, the security and liquidity risk creates certain concerns when recommending these trading venues.
Another option which is becoming more popular among ordinary traders is CFD brokers. They have been around for many years, they are most often regulated trading venues and offer investors an opportunity to invest in all asset classes with cryptocurrencies being the latest addition. They way CFD brokers work, is that investors don’t have to buy (and pay a full price) for the underlying asset but they only need to invest a small amount to cover the price difference (so-called spread). That is why it is called CDF, or Contract for Difference. With CFD broker, traders need to put enough money to cover the spread and usually can open a trade with as little as $25. While the initial investment is low, investors will benefit from the full price upside and the total return on investment can be considerably higher. CFD brokers also offer leverage so your profits can multiply, but it is also important to remember about the risks involved especially when using leverage. Your losses can magnify as well so please never invest more then you are prepared to lose and when using leverage you have to be extremely careful. With CFD brokers traders can make money in both rising and declining markets by taking long and short positions.
Regulated environment, robust risk management systems, low initial investment and ability to take both long and short positions make CFD brokers extremely attractive to active traders who just want to benefit from the price moves and don’t care about owning the underlying asset.
Automated Trading Systems or Trading Robot
Trading robots such as 1K Daily Profit have been gaining in popularity recently as they allow investors to automate their trading operations and make money by investing in cryptocurrencies on autopilot. There are two main types of trading robots.
The first type of automated trading systems is a software program that one needs to install on its computer or it could be a cloud-based service. The software allows to manually program trading strategies using different types of trade signals or traders can use the pre-built ones. Zignaly, CryptoHopper, GunBot or HaasBot are some of such robots and investors can access their trading algorithms for a one-off or monthly subscription fee. These robots are usually connected to crypto exchanges which also exposes investors to security and liquidity risks.
Another type is the robots similar to 1K Daily Profit. Bitcoin Code, Bitcoin Trader, Bitcoin Revolutions are some other popular automated trading systems that are similar to 1K Daily Profit. They usually affiliated to CFD brokers and therefore require relatively small initial investment amount in order for you to start trading. They also have pre-programmed trading strategies which are constantly improving so you can start making money without prior trading experience. 1K Daily Profit and other similar robots are ideally suited for beginner investors as they are very easy to set up and start trading.
1K Daily Profit Robot Features
As we mentioned before, 1K Daily Profit was built by john Beker, a former professional trader who used to work at Goldman Sachs. John saw the opportunity to make money to invest in cryptocurrencies early and designed trading algorithms that allows automating trading operations. The beauty of 1K Daily Profit is that is very easy to use and start trading, and that is why it is ideally suited for inexperienced traders.
1K Daily Profit trading robot is designed in such a way that it makes a large number of small trades on a daily basis. Not all trades will be profitable but as long as on average you make more winning trades than losing ones, you will finish the day in profit. 1K Daily Profit analysis the price moves of Bitcoin, Ethereum and other major cryptos and makes buy or sell recommendations based on technical analysis and indicators. Positions are typically opened for few seconds or minutes and as soon as profit target per trade is reached, 1K Daily Profit closes trading position.
Investors can adjust basic settings but as soon as 1K Daily Profit starts trading, you don’t have to be in front of your computer any more. You can monitor your trading positions from time to time but 1K Daily Profit will do all the trading for you.
1K Daily Profit is connected to MGC Login CFD broker, a company incorporated in the Commonwealth of Dominica with offices in the UK. .MGC Login provides services to crypto assets only and when you open an account with the 1K Daily Profit, it automatically opens an account with the broker as well, so there is no need to register twice.
MGC Login offers an intuitive and easy to use trading platform and you can invest in major cryptocurrencies with this broker via Contracts for Difference. The broker also has a mobile app so you can trade on the go and provides extensive educational resources and customer support 24//7. But if you start trading with 1K Daily Profit trading robot, you won’t be using CFD broker a lot as all the trading will be done via 1K Daily Profit trading room as a broker only executes the transactions.
How to Start Trading with 1K Daily Profit
Once you decide to go ahead and make money with 1K Daily Profit, all you have to do is open an account and deposit some funds. As we mentioned before, 1K Daily Profit works with CFD brokers and when you open an account with 1K Daily Profit, it will choose the best CFD broker based on your geographical location. As we have registered from the UK, we have got an account with MGC Logic but if you are based in a different country, your broker could be different. 1K Daily Profit always connects you with the best broker available based on your country of residence, so you don’t have to worry about that.
It is very easy to open an account with 1K Daily Profit and you can start trading in 3 easy steps.
Step 1 – Open an Account
First thing that you need to do is open an account with 1K Daily Profit. You need to provide our full name, email address and telephone address. One the account with 1K Daily Profit, you will also have an account set up with the broker so you don’t have to register twice. Just make sure that you provide correct contact details, as after you register an account, the customer service representative from 1K Daily Profit will reach out to you to help with the account set up and funds deposit.
Step 2 – Deposit Funds
Before you start trading, you need to deposit funds with the CFD broker and you can use a credit or debit card, bank transfer or a handful of other methods to do that. To comply with regulations you will also need to complete KYC and AML process by providing a copy of your passport and proof of address. You can deposit funds in EUR, USD or GBP. As we mentioned earlier, a customer service representative from 1K Daily Profit will help you to deposit the funds and finalise the account set up.
Step 3 – Adjust Settings and Start Autotrading
Once the account is registered and funds are deposited, you are ready to start trading. Before that, you will need to adjust basic trading settings such as Trade Amount, Daily Take Profit, Daily Stop Loss, Take Profit and also Maximum Number of Concurrent and Daily Trades. You can also choose which currency pairs you want to trade and you have the option to invest in Bitcoin, Ethereum Litecoin and Ripple against EUR or USD.
If you want to get comfortable with the trading strategy you can start investing in a Demo account and 1K Daily Profit gives you a $1,500 in virtual currency to test its algorithms first. We have traded for half an hour and managed to make $675 in profit with 85% winning trades.
Many investors are usually set a Daily Profit Limit, say $2,000 or $3,000 to make sure they lock a profit for a day which proves to be a good strategy.
Is 1K Daily Profit Scam or Legit? Our Verdict
Our review shows that 1K Daily Profit is a legitimate trading software and you can make money with it. It’s trading strategy proved to be good and while you can not expect to win 100% of the time, the 85% success rate is good enough. The CFD broker has a solid trading platform and while it is not regulated we don’t see a major problem in that. The cryptocurrencies, in general, are not regulated as well as all the crypto exchanges.
Some people find that a limited number of cryptocurrencies that are available to trade as potential negative but we think that you don’t have to have access to hundreds of cryptos in order to make money. You can trade the most liquid altcoins and make money so that should not be a problem.
We also have not seen any negative reviews from the customers about 1K Daily Profit. What happens quite often is that some competitors might use dirty tricks such as blackmail or highly negative reviews. But from what we heard most of the investors are satisfied with the way 1K Daily Profit trading robot works. Many investors are reaching up to $3,000 daily profit target and some are making considerably more.
1K Daily Profit review – Conclusion
We found 1K Daily Profit to be a reliable trading robot that is ideally suited for Beginner investors. It has an intuitive trading platform and very easy to set up and start trading. Our experience of dealing with CFD broker and depositing funds was pretty smooth as well. The trading strategies that we have been running in a demo account resulted in $675 and an 85% success rate.
We think that 1K Daily Profit presents a good opportunity to make additional profit on the side but it is also important to remember about the risks involved and not to invest more then you are prepared to lose.
We would be also interested to hear from our readers about their experience with 1K Daily Profit and what trading result they got. Please send us a message or leave your feedback in the comments section, we would be delighted to hear from you!