What are trading bots (Trading Bots):
They are computer programs that execute trading transactions based on predefined rules and strategies.
Using trading bots can be beneficial in some cases, but one must be cautious of the associated risks.
When is it preferable to use trading bots?
- Automated trading: If you want to execute trading transactions automatically, without the need to constantly monitor the market.
- High-speed trading: If you want to execute trading transactions at high speed, such as trading in rapidly changing markets.
- Trading with complex strategies: If you want to implement complex trading strategies, such as algorithmic trading.
When is it not preferable to use trading bots:
- Trading in unstable markets: If you are trading in unstable markets, trading bots may be unable to adapt to rapid changes.
- Lack of experience: If you do not have sufficient experience in trading, you may not be able to properly configure trading bots.
- Lack of monitoring: If you are unable to monitor trading bots regularly, you may face unexpected losses.
It is preferable to use trading bots alongside manual trading, with constant monitoring and testing of strategies before using them in real trading.
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