#Binance "Crypto Trading Bot" refers to an automated software that executes buy and sell orders in the cryptocurrency market automatically, based on a predefined set of rules and strategies that are programmed in advance.
Here are the key points as they are:
1️⃣ Core Functions
Monitoring the markets 24/7.
Executing orders faster than human capabilities.
Taking advantage of instant trading opportunities or small price movements.
Reducing the impact of emotions on decision-making.
2️⃣ Types of Bots
Arbitrage Bots: Exploiting price differences between different platforms.
Trend-following Bots: Trading in the direction of the overall market trend.
Market Making Bots: Providing liquidity by placing buy and sell orders close to the market price.
