Category: Cryptocurrency Apps
What is the Advantage of Bots When Sending Orders?
The biggest advantage is the ability to execute orders 24 hours a day, 7 days a week. This is especially true in cryptocurrency markets, which never stop. In this case, there is no way to predict when good opportunities will arise, and that is why trading robots are so important. Another aspect that must be considered is the possibility of trading dozens of assets simultaneously. Instead of analyzing charts individually, the robot can sift through different indicators, including different data sources. Lastly, automated trading reduces inefficiency caused by human psychology or fatigue. Likewise, it is very common for traders to…
What are the Best Robots for Trading Cryptocurrencies?
Trading robots or bots are computer programs that perform sending automatic orders to a broker. Contrary to popular imagination, there is no intelligence behind it, but predetermined rules for making purchases and sales. However, robots have no feeling, nor do they get tired. In this way, they execute orders with greater precision. In other words, the program will respect previously informed limits and instructions. In fact, automated execution makes the trader's life much easier, being used even by large investment funds and professional managers. However, this does not necessarily mean that decision making is done by a trading robot. What…