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🤖 Crypto trading bots are automated software tools designed to handle the buying and selling of cryptocurrency based on predefined parameters to generate profit.
🤖 Some popular strategies for crypto trading bots include trend trading, arbitrage, scaling, momentum trading, reversal trading, news trading, and averaging.
🤖 Trading bots offer many advantages, such as the ability to trade 24/7, eliminating emotional bias from trading decisions, speeding up trading processes, and simultaneously analyzing vast amounts of data. However, they also come with risks and limitations.
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https://academy.binance.com/vi/articles/what-are-crypto-trading-bots-and-how-do-they-work
