#BotOrNot

But what is a bot? How does it help us? How does it work? I will explain to you

In the financial market, a robot is an automated program that executes buy and sell transactions according to predefined rules or algorithms. These robots are designed to analyze market data and make trading decisions without human intervention, allowing them to act quickly and take advantage of opportunities in seconds.

There are several types of robots depending on the strategy used:

Arbitrage robots: Look for price differences between different exchanges to buy at low prices and sell at high prices.

Trend-following robots: Analyze technical indicators to enter or exit positions based on market direction.

Speculation robots: Execute many small trades to take advantage of small price fluctuations.

Grid trading robots: Create buy and sell orders at different price levels to benefit from volatility.

Market-making robots: Place buy and sell orders to generate liquidity and profits from the spread.