#BotOrNot The upside

Whether you are trading bitcoin, ripple or tron trading bot software offers unparalleled speed and efficiency that even the most experienced investment professional is incapable of matching. Through constant interaction with the markets they ensure that you never miss even a fleeting, lucrative opportunity. In addition, trading bots can save you from yourself, removing emotion from the picture and ensuring that you don’t make irrational, reactive decisions based on panic or greed.

The downside

Cost is a major disadvantage here. While prices are dropping, with increased competition, and the growing availability of open source software, for many years price has been a prohibitive factor, with systems at the top end of the scale costing upwards of ten thousand dollars.

Another downside is the fact that many people mistakenly place far too much faith in automated trading systems assuming they will always make the most rational decision based on all the available market data. However, a bot is only as reliable as the trading strategies with which it is programmed and just as they can lead to generous returns, they can equally be flawed, and result in market losses.