What are Trading Bots, & Why Should You Use Them.

Seriously Automation has gotten better and better over the past 5 years. If you have the luxury of living in a smart home. Your A. I intelligence can schedule everything beforehand. This give you the flexibility to tackle what you feel is an essential task in that specific time frame. From what time you wake up, breakfast, workout, meetings, brunch. People are planning their days and allocating their time by the minutes. The list goes on and on. This is even more apparent with email marketers. The automation on these Autoresponders is mind-blowing.

I recently read a story of a guy who worked for an old law firm, and they needed files formatted from word into Pdf. Easy right, you would think, but remember not everyone is computer savvy. Which is perfectly fine, is what Justin would say. So all Justin did was create a program that automated this process for the prehistoric law firm. Now, all Justin does is check the file downloads to ensure everything is working correctly.

Everybody is happy! The Firm gets its pdf files, and Justin has a substantial take-home salary. All from Automation to fully understand how Justin took control of his work environment. Here is an opportunity to use this same technique with cryptocurrency. Exciting isn’t it? Let us start with the ELEPHANT in the room.

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What Are trading bots?

Bots are computerized systems that help you Trade Cryptocurrencies in an ideal timeframe. They are probably the most straightforward way of making automated revenue in the crypto business. Subsequently, the primary purpose behind crypto bots is to build the income of its clients and lower the risk as much as possible

One of the principal benefits of crypto exchanging bots is that they are entirely mechanized, and assuming you are a crypto merchant, they can save you a great deal of time (you don’t need to exchange, purchase, sell, and so on physically

The main question about crypto exchanging bots is – do they truly work? With this blog, we will showcase a few of the best trading bots, and you can choose for yourself. Which Bot best fits your trading needs.

Hummingbot

It is worth noting that Hummingbot is a very easy-to-use platform where you can, without much knowledge, configure, customize, and run automated bots and other strategies. This Bot can be used on both centralized and decentralized exchanges.

Market making is a trading strategy where HummingBot continues to post limit bids and ask for offers on the market and then waits for the various market participants to fill their orders. Amazing!!

Easy crypto bot

Another one on the list that should be mentioned is EasyCryptoBot. As its name says, it is an easy to use crypto bot that has a free plan with a week of full access to all of their features, but with limited ones after that, if you decide not to use some of the non-free plans.

Everything is set up for automatic trading with just a few clicks. Optimization strategies that will bring you the best possible results is something that EasyCryptoBot strives to do. It can happen that you do not have any ideas about your trading strategy and in that case you can load a template strategy and optimize it for your preferred coin.

Cryptohopper

A Trading platform that aims to simplify the crypto trading process and one of the features is crypto trading bot of course. The goal is to try to exclude human errors as much as possible by providing a fully-featured and easy-to-use service.

The bot will use the strategic configurations and implementations that you have made to generate a profit. By operating 24/7, all the coins are tracked simultaneously. Very efficient automatic trading is probably the best feature of Cryptohopper.

Keep in mind that Cryptohopper has only 7 days free trial, after that period it is not free.

SSL for just $7.88/year!

Poloniex

Last but defiantly not least Poloneix , I would say my favorite of the bunch. However what it makes up in cost it losses in coin accessibility they have lost a lot of the popular coins since their security breach back in 2014.

Since then they have corrected their security measures and have changed CEO’s. But if you want to do a little more research into this topic refer to this [ page ]. It goes it to more detail of the data breach.

SLEEP MONEY!

I know that was alot to take in but if you think about this all this takes is strategy. Automating your bot to buy and sell within your trading guidelines.

Some of you may have never heard of this, it does take a little getting used to. You will need to get used to the interface of each platform. But you got this Sleep Money aint easy but what in this Life really is.

I will say it’s worth it in so any ways. You make your money online with multiple things moving at the same time. It literally like having multiple stores open 24/7 365 year round. This is just another way to capture your dream lifestyle.

Till next time Comacash Family!!

Stay Focused & Stay Positive Always

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