Is Binance bot profitable?

Trading bots are simply software; therefore, there is no guarantee of profitability . There are also many risks associated with automated platforms and trading bots. You need to understand that trading bots are commonly designed for traders, not investors. They are also not appropriate for people new to crypto trading.6 gün önce

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What is a crypto trading bot?

A cryptocurrency trading bot is an automated program that executes buy and sell orders with no manual input when specific, pre-defined market conditions are met . The trading bot selection includes: Grid Trading Bot allows users to buy low and sell high in a specific price range.

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Can trading bots make money?

It depends . It depends on stock and market conditions, chosen strategy, and algorithm type. A bot could make a 2% return for a day and then the market will change its direction and it will blow up day’s profit and make a 3% loss. Programmers should care about risk management.

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