The Bots That Make Money (Or Lose It) for You While You Sleep
Bitcoin does not sleep, nor do its markets. Most exchanges run 24/7, day and night, even on weekends and holidays. This is one reason some day traders — the people who trade on the price swings per hour or even per minute — use trading bots. These software programs can be plugged directly into exchanges, to apply trading strategies even when their....
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With all the allegations of Mt. Gox's automated trading bot, which has been dubbed "Willy", algorithmic trading is getting a bad rap. However, using bots to trade on the financial markets is a long-established and legitimate activity - and it's easier than anywhere in the cryptocurrency markets. So, how do these bots work, and can they really make you money? Trading bots are software programs that talk directly to financial exchanges, and place buy and sell orders on your behalf. They make those decisions by watching the market's price movements, and reacting according to a set of....
Recently in one of the previous articles we have covered about bitcoin trading bots and how useful they are when it comes to automating your bitcoin trading process. In the same article we also mentioned that a trading bot is only as powerful or intelligent as its owner. Whether you trade manually or use a bot, unless you understand the process of bitcoin trading well, then you are bound to lose money in the process. In order to be a successful trader, one should understand the market, the trading process and various factors that influence the bitcoin price. Once understood, it is easy to....
A tool for professional traders, crypto trading bots are increasingly popular among retail investors for the automation they offer. How much does a crypto trading bot cost, and are they worth it?While most popular crypto trading bots are offered for free, they do come with associated costs, such as trading commissions and withdrawal fees, that need to be evaluated before proceeding.When choosing a crypto trading bot, investors need to weigh the pros and cons of “free” crypto trading bots compared to those that charge a flat monthly or annual subscription fee. Most popular crypto trading....
Have the robots become self-aware? Is Skynet real? Twitter is buzzing with these tweets. And then there is Sarah O'Connor's (not John Connor's mom, but a correspondent for the Financial Times) innocuous tweet about the incident at Volkswagen plant which went viral and caught her by surprise. While people across the world are debating about the recent incident at the Volkswagen plant in Kassel, Germany where a robot killed an employee, we will talk about completely different kind of bots that can make money for you. Trading, whether it is bitcoin, forex or commodities follows a simple....
In the months following the collapse of Tokyo-based Mt. Gox, the bitcoin community is still struggling to understand what brought the oldest and once-largest exchange to its knees. How did it lose so much money? Where did it go? They're answers we're very much looking for, but a new report published at The Willy Report raises even more questions, particularly surround the exchange and its relationship to the price of bitcoin. The report spotlights two trading bots that were spotted by community members last year, given the names "Willy" and "Markus". Both bots would purchase somewhere....