Want to earn money on cryptocurrency but don't know which is better — copy trading or trading bot? Let's examine their pros and cons.
🔹 Copy trading. This method allows you to automatically replicate the trades of experienced traders.
✅ Pros:
Does not require deep knowledge of trading.
Saves time — trades are copied automatically.
You can choose a proven trader.
❌ Cons:
No profit guarantees.
Complete dependence on others' decisions.
Commissions for copying may apply.
🔹 Trading bot. A program that trades according to specified algorithms without human involvement.
✅ Pros:
Complete automation of the process.
Quick response to market changes.
Flexible settings for your own strategy.
Works 24/7 without emotions and fatigue.
❌ Cons:
Requires understanding of settings and strategies.
There may be risks due to errors in the algorithm or system failures.
Beginners find it easier to start with copy trading. Those who want more control should choose a trading bot. The optimal option is to use both methods for diversification.
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