#BotOrNot Are trading bots really effective?

Trading bots provide the ability to automate trading 24/7, helping to take advantage of market opportunities even when you are not monitoring the charts. However, not all bots deliver consistent profits, and risk management is a crucial factor.

✅ Advantages of trading bots:

• Continuous trading without emotional interference.

• Quickly capitalize on arbitrage and scalping opportunities.

• Saves time, especially for busy individuals.

❌ Disadvantages:

• Cannot handle strong market fluctuations well.

• Requires proper setup; otherwise, it can lead to significant losses.

• Depends on the user's strategy.

So, are you using a trading bot? If so, how effective do you find it? Please share your experiences!