Alessandra
Wed Jul 17 2024
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5 answers
887
What is a crypto trading robot?
Could you elaborate on what a crypto trading robot actually is? I've heard the term mentioned frequently but am still unsure of its precise definition. Is it a piece of software that automatically trades cryptocurrencies on behalf of investors? If so, how does it work? Does it analyze market data to make decisions, or does it rely on predetermined rules? And how reliable are these robots? Are they able to outperform human traders in terms of profitability? Understanding the fundamentals of crypto trading robots would greatly assist me in navigating the world of cryptocurrency investing.
