Trading Bot
a.k.a. Bot, Crypto bot
A program that buys and sells automatically according to preset rules, without a human clicking each trade.
A trading bot is software that trades for you. You give it rules ("buy when the price crosses above this line, sell 5% lower or 10% higher") and it watches the market and fires orders on its own, around the clock. It connects to an exchange through a key that lets it place trades.
Bots don't sleep, panic or get greedy, which is useful in a 24/7 market. But a bot is only as good as its rules: a bad strategy just loses money faster and more tirelessly. Many bots sold online with "guaranteed" returns are scams. Always backtest, start small, and never give a bot's key permission to withdraw.
Paying for a bot that promises steady daily profits. Nothing legitimate can promise that.
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