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Cryptocurrency trading bots explained


Trading bots are computer programs that use various indicators to recognize trends and automatically execute trades. While algorithmic trading software has been used by hedge funds in the equity, commodity and currency markets, trading bots for private investors first appeared in the foreign exchange trading space. They quickly made their way into the crypto asset market.

Cryptocurrency Trading Bots

There are currently dozens of cryptocurrency trading bots on offer. They range from free software that anyone can use to expensive subscription-based bots for professional crypto day traders. However, even the most popular cryptocurrency trading bots vary in quality, usability, and profitability. More….