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 moreAre trading bots reliable?
They work even while you sleep and are not motivated by greed or fear, thus improving their accuracy . Estimates reveal that 70-80% of the overall crypto trading volume is undertaken by trading bots. These bots can monitor multiple exchanges at the same time and trade based on predefined rules.
Read moreIs Cryptohopper worth?
For example, if you’ve got no experience in trading, but you still want to utilize automated strategies, then Cryptohopper is perfect . On the other hand, if you’re a highly experienced investor and you’re looking for a way to automate your proven trading strategies on a rolling 24/7 basis, Cryptohopper is also ideal.
Read moreHow much can a trading bot make?
Sounds simple, right? With a solid plan like this, you can expect to make between 18–25% return per 100 trades (usually 1–2 months of active day trading).
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