AI cryptocurrency trading bots allow investors to automate trading operations instead of executing them manually, and allow users to monitor the market 24/7 and make the necessary trades at the right time given the volatility of the cryptocurrency market.
In an article published by the American website "Finbold", writer Jordan Major confirmed that AI cryptocurrency trading robots allow users to automate this process based on the user's instructions and strategy or by providing a pre-created template that is modified according to the risks. These robots are different from crypto robot advisors that use advanced algorithms to generate tips on the best times to buy and sell as well as individual assets to invest in.
How do AI crypto trading bots work?
The author explained that the best AI crypto trading bots come in different shapes and sizes, and work in a variety of ways, from those that are more suitable for beginners, such as those that copy the strategies of other profitable users, to those that are suitable for advanced and professional traders. Some use pre-made strategies that the user can modify and choose based on their risk tolerance and preferences, offering short-term and long-term strategies and variable returns.
The author notes that other AI-based cryptocurrency trading platforms allow advanced traders to use their knowledge and strategy to build fully customizable cryptocurrency trading bots from the ground up, so they can operate 24/7.
