What are crypto trading robots?
Crypto trading bots are automated software tools designed to manage the buying and selling of cryptocurrencies based on predetermined parameters with the aim of generating profits.
These robots typically analyze and process various market data such as price, volume, orders, and lead times. This information is used to refine their operational parameters and align them with specific trading strategies and objectives.
Trading robots are prevalent not only in the crypto market but also in traditional financial markets. They remove human emotions like fear and greed that can often get in the way of making unbiased business decisions. But although they are designed to trade based on programmed parameters, trading robots are not a foolproof way to make profits and still require monitoring and adjustments for optimal performance.
