Engaging in trading and investment with modern realities is quite difficult. The crypto market is in a slump, and there is a long “crypto-winter.” Just when it seems like everything should be back to normal soon, new negative news comes along that causes asset prices to fall ever lower.
However, experienced traders and investors know how to make money even in a falling market. How do they do it? The answer is simple – experience combined with luck. So what about those who are not very experienced and only yesterday decided to learn the cryptocurrency industry? Many are likely to monitor the news and wait for things to be good enough to break into asset trading.
You can wait a long time. Of course, it is not unreasonable to study the market, how everything works and how it works. Perhaps some people will try their hand with demo accounts on various trading platforms. But there is another way, which, if you understand it well, you can start making passive profits even in the protracted crypto-winter.
Have you heard about crypto trading bots? Probably yes, because they appeared quite a long time ago and migrated from traditional markets to cryptocurrency. Did you know that the first trading bots appeared around the seventies? But they were quite primitive back then and did not give the trader as many advantages as their descendants can offer today.
Perhaps you don’t want to trust software to trade crypto for you because you think only a few people use it. Then let’s look at the statistics, according to which about 70% of stock market traders use trading bots. A big percentage, isn’t it? Much has emerged in the crypto market thanks to the traditional one, so we can assume that the percentage of users of trading bots, there is no less.
So what is a trading bot?
A trading bot is nothing more than software. It can be thought of as a professional investor who does not succumb to emotions, works without breaks or weekends, and does not even need sleep. It can also trade several pairs and different markets at once, except that this “investor” has to be initially laid down how it is necessary to trade to do it as a trader wants.
In other words, a robot trades according to a pre-programmed trading strategy and configurations. A trader using such a program does not need to memorize statistics, keep track of market news, monitor bulletins, or do other tedious and monotonous work.
Even novice traders and investors can afford to use an automated trading robot. All you need to do is choose the right service to provide the bots.
One of the leaders in the segment today is RevenueBot. With it, you can create new trading bots, and buy or sell ready-made ones.
The service has a large knowledge base, where you can read a lot of useful material to understand how a trading bot works and what you need to do to create one.
But if you do not want to deal with this for a long time, the marketplace offers the services of a mentor. These are experienced users who can help with any questions that may arise.