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What are cryptocurrency trading bots and how do they work?
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cnbctv18.comCryptocurrencies are hyper-volatile assets. Unlike traditional markets, trading in crypto happens round-the-clock and crypto traders may find it difficult to react to price moves in a timely manner.
This is where crypto trading bots can come in handy. Traders can leverage the pre-defined set of rules into a robot to execute the trade in the most efficient way possible.But how do these trading bots function and who sets the criteria for trades? Let's take a look at the various types of bots available, how they work, and the risks involved.What are cryptocurrency trading bots? How do they function?Cryptocurrency trading bots are automated trading systems that work on behalf of the investor.
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