The Ultimate Guide to Best Cryptocurrency Trading Bots 2020 - Do they Work?

The cryptocurrency market never closes and never sleeps, which can be stressful for traders and even casual investors in the industry. These markets can also change really quickly overnight. This means you could go to sleep with a profit of a few hundreds or thousands of Bitcoin and wake up the next morning to find a big loss.

As a result of the volatility of the market, trading bots have become increasingly popular among traders. They will remain in control of their trading, but can go to sleep knowing that the bot won’t. In addition if the bot is set up correctly it can execute trades faster and more efficiently than the trader would be able to do manually.

What are Trading Bots?
A trading bot is a software or website that interacts directly with exchanges through their API and places buy or sell orders on your behalf. The bots make decisions by monitoring the price movement of a specified cryptocurrency and reacting according to a set of predefined and programmed rules. Typically, a trading bot will analyze market actions, such as volume, orders, price, and time, although they can generally be programmed to suit your own tastes and preferences.

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