Let’s Explore An Automated Trading Platform - Robinhood in Python

What if you can take the psychological factor out of trading? What if you can trade without becoming a victim of your own emotions? The best-automated trading platform makes this feasible and Robinhood in Python is one of them. 

Robinhood is a fantastic trading app that allows investors to trade stocks, exchange-traded funds, and cryptocurrency without paying any fees or commissions. It is a FREE app. In its early stages, Robinhood stood out as one of the only brokers giving free trades. But with many big-name online brokers excluding trading commissions and fees, Robinhood has had to find other ways to stand out, which in 2021 introduces a new recurring investments feature. 

That said, it's still a great choice, and presently, it's one of the few brokers that allow investors to trade cryptocurrency. Robinhood in Python gives both web and mobile trading, but the platforms are deliberately bare-bones, and some investors may seek the range of tradable securities and account options lacking.

Robinhood & Automatic Investment Plan

At Robinhood, an automatic investment plan known as Dollar-Cost Averaging is called Recurring Investments. This plan helps you to automatically purchase shares on a schedule that you select.

You can easily choose an amount and a frequency that goes right for you. When it’s time for your scheduled Recurring Investment, Robinhood automatically purchases fractional shares for you at the best available price per share.

Orders will be processed between 12:00 PM ET and market close on the next scheduled date. If your Recurring Investment falls on a day that the market is closed, like a weekend or holiday, Robinhood queues it for the next market day.

If your order is for an amount higher than your immediate deposit limit, a bank transfer for funds will start on the scheduled date, but the order won’t be placed until the transfer completes, within 4-5 trading days.

Robinhood Is Best For:

Robinhood is best suited for beginners who wish to trade small quantities, including fractional shares and cryptocurrencies. The best thing is that it requires little in terms of research beyond seeing what others are trading. The overall simplicity of the app makes it easy to use. Additionally, the zero commission attracts very cost-conscious investors who trade small quantities. It means Robinhood in Python is good for:

• Mobile users

• Margin accounts

• Individual taxable accounts

• Cryptocurrency

Remarkable Benefits Of Using Robinhood App:

• Very simple and easy to use

• Trading costs are very low

• Cryptocurrency traders can be placed in small quantities

• Customers have instant access to deposited cash

Learn To Build Automated Trading System in Robinhood Python Through IBridgePy

If you want to learn a step-by-step guide to build an automated trading system in Robinhood Python, IBridgePy is the best choice. IBridgePy is an easy-to-use platform that helps traders to learn and successfully execute automated rule-based strategies like Robinhood.  The platform holds various amazing features that make it different from others. To know more about the features and other essential factors.