A bot is a computer program designed by traders or developers to buy and sell assets for you at the right time based on a trading strategy . A bot is also called an algorithm.
Read moreIs there an investment bot?
Pionex is a cryptocurrency exchange with built-in trading bots . You can access 18 unique trading bots, and it’s free to register. These bots allow you to automate your investing strategy so you don’t need to constantly monitor the market.
Read moreHow accurate are trading bots?
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 moreAre there any trading bots?
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 moreCan a trading bot make you rich?
In general, experienced traders who have harnessed the skills can use crypto trading bots to generate huge profits . On the other hand, traders who make hasty trades and lack explicit knowledge of the market can incur losses using crypto trading bots.
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