#BotOrNot

Advantages and Disadvantages of Trading Bots?

Advantages of Trading Bots

✔️ Speed: Executes trades faster than human capability.

✔️ Emotionless: The bot is not affected by fear or greed.

✔️ Continuous Operation: Works 24/7 without interruption.

✔️ Backtesting: Strategies can be tested on historical data before actual use.

Disadvantages of Trading Bots

❌ No Guaranteed Profits: May fail in volatile markets.

❌ Requires Fine Tuning: Requires continuous programming and maintenance.

❌ Can Be Expensive: Some powerful bots require paid subscriptions or usage fees.

❌ Security Risks: Can be vulnerable to hacking if not properly secured.