Trading bots help in executing the trades automatically and they use algorithms to detect trends of the market, on the basis of that you can execute the trades.
One of the benefits of bots is they trade based on analysis rather than emotions to avoid panic buying and selling as bots are not influenced by the psychology of a trader.
Artificial intelligence and Machine learning help bots to constantly develop and evolve, but what I think is there is a long way to go to beat human intellect. Human touch is very significant as a good trader can feel for the markets. If something unexpected is happening in the market then humans can adjust the trading plan accordingly, where the bot will run on the rules that are set. Recently one of my friends introduced me to a trading tool named
SmartBotCoin.io. I havent used this tool but bots or tools can still be helpful in some part of trading so I decided to check out the features on their website look good. I have seen many potential scams in trading tool category, so I want to be sure before using any crypto trading tool. Do you think it's worth trading on this tool?
It's worth trying.
But look, there are set uips that will be made and those are he difficult part of using a bot.
On the bright side, it could really be profitable once done right.
But still the instincts of one human being cannot be compared to anything. Please do remember that.
Me, I am a manual trader. I read the movement of the market and somehow make profits out of it even if just making $20 a day. But believe me also, both are difficult.