This is unlike traditional assets such as stocks and bonds, which have set trading hours. After all, “crypto never sleeps”, as they always say.
It’s only natural for crypto traders to consider automated trading, which instructs the computer program to automatically track the market data, and execute buy or sell orders once specified conditions are met.
This is especially beneficial for those who do not have sufficient time to be actively monitoring the price action and trading.
However, that’s not the only reason why automated trading is perfect for crypto.
Perhaps you are a beginner with very limited skills in the trading market, and don’t know where to start.
There are currently so many cryptocurrencies under the sun, so how would you know which ones are worth investing in?
Crypto trading bots are able to analyse loads of data much quicker, as well as automatically facilitate the trading activities.
Not only that, it is not unheard of for traders to make bad decisions out of emotions, which is understandable given the volatility of crypto assets.
By employing crypto trading bots, you are removing the emotional component out of trading. Bots are not swayed by emotions and are able to stay consistent by following predetermined criteria.
