It is so leisurely to become a crypto trader today because there are a lot of instruments and strategies that even a person without experience can master.
There is a category of traders who prefer a quantitative approach. One of the most popular tools of algorithmic crypto traders is trading bots. It’s an automated software tool designed for monitoring, analysis, and conclusion of transactions on the platform according to the specified parameters.
How does it work?
The trading bot buys and sells your assets for you within the set limits. For example, you specified that he should sell Bitcoin when its price is $30,000 and buy when it drops to $10,000. At the same time, you can set the limits that the system offers you by default.
Trading bots allow both beginners and experienced traders to control risks in crypto markets, eliminate human error factors, and can optimally and instantly place buy or sell orders.