The News Spy Review - Scam or Legitimate Trading Software?
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content
The News Spy claims to be an off-beat cryptocurrency trading platform that bases its autonomous trading decisions on the latest news updates about the asset. The website promises a sustainable 70% win rate for trading 65 listed cryptocurrencies successfully.
Our The News Spy review will address these claims and find out if there is any truth to them.
The crypto market doesn't follow the standard market fundamentals, so using the traditional metrics to predict the price of assets might be a fool's errand - that's the message of The News Spy website. That is why it claims to use news articles and social media movements to surmise where a crypto's price might head next. Here are a few points to consider before we get into our review of The News Spy:
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
The News Spy is a cryptocurrency trading platform that pivots from traditional metrics to use news articles and social media activity to predict an asset's price movements. The site claims to understand the impact of the community's sentiment on the crypto space, and thus it leverages that to achieve a 70% win rate.
We have not been able to confirm this fact, but if these claims are true, The News Spy won't be the first to do it. Many cryptocurrency market watchers base their predictions on how the community reacts to changes. But the only difference is that The News Spy implements that understanding into its trading bot to facilitate hands-free investments.
It implements this method to help traders buy and sell 65 digital assets, including Bitcoin, Ethereum, Bitcoin
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