Bots are used by traders to take advantage of the cryptocurrency markets that trade 24/7 all over the world . The advantage bots have over investors is they can react quicker. Meanwhile, most investors also don’t have the time to dedicate to always get the best trade—something that bots can do.
Read moreDo stock market bots work?
While a few EAs will work, and produce good returns, most will not . An incredibly small percentage of people who attempt day trading are successful at it, and that includes people who create and buy EAs. The odds of success are still very small even when using a trading robot.
Read moreAre trading bots better than humans?
Trading bots can perform transactions at a faster rate than humans . Even the hardest of computation can be performed in lesser times than humans. Also, the instant reactions to price changes by bots can provide huge advantages, as opposed to delays that can turn a profitable trade into a loss.
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