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What is a Trading Bot?
Trading Bot is a trading program. It automatically examines the market conditions of the most well-known cryptocurrencies and tracks price trends. It determines these price trends using the so-called volatility principle. If a cryptocurrency like Bitcoin is in high demand, the price and therefore the market price increases. The higher the demand, the more intense this is reflected in the price. If the price rises and falls at frequent intervals, it is called a volatile market. You can make a profit here by investing in the right currency before heading up. Then you sell the currency at a higher price.
If you do not know what to look for to anticipate price rises, a trading robot can help you invest. Through technical analysis, the Trading Bot examines past prices and assigns them to current market events. This allows the robot to make predictions that are up to 90% accurate. This means that the win rate for you as a user is also in this area. The most popular form of usage for Trading Bot's is the Autotrade feature. When activated, the robot executes the trades without human help and every second.
