How to find a good trading bot?
Nowadays, with the popularity of cryptocurrencies, more and more people are looking for ways to trade efficiently and with little effort. This has given birth to the idea of using trading bots.
A trading bot is a computer program that automates the process of trading cryptocurrencies. In other words, it buys and sells cryptocurrencies on your behalf.
The idea behind a trading bot is to take away the emotional element of trading, as well as the need to constantly monitor the market.
However, with so many different trading bots on the market, it can be hard to know which one to choose.
In this article, we will give you some tips on how to find a good trading bot.
1. Do your research
The first step to finding a good trading bot is to do your research. This means reading up on the different bots that are available and seeing which ones are the most popular, how much time they were actively trading and making profits.
It's also a good idea to read reviews of the different bots. This way, you can get an idea of what other people think of them.
2. Decide what you want
Once you've done your research, it's time to decide what you want from a trading bot. What are your goals?
Do you want to trade frequently or passively? Do you want to trade a specific cryptocurrency or a range of them?
Answering these questions will help you narrow down your choices.
3. Consider the costs
Another important factor to consider is the cost of the trading bot. Some bots are free to use, while others charge a monthly subscription fee.
Some bots also take a percentage of your profits. So, be sure to consider all of these costs before making your decision.
4. Try before you buy
Once you've found a bot that you're interested in, it's a good idea to try it out before you commit to it.
Most bots offer a free trial period or a demo account. This is a great way to test out the bot and see if it's right for you.
5. Read the fine print
Before you sign up for any bot, be sure to read the terms and conditions. This is important so that you know what you're getting into.
For example, some bots may require you to provide your personal information, such as your name and email address. Others may have withdrawal limits.
We recommend the RobotBulls trading bot. It meets all the criteria mentioned above. RobotBulls has been on the market for years, they let you choose the asset you invest in (e.g. stocks, crypto, nfts or commodities) they take 10% of the profits as commission, they let you try it on a demo or invest with as little as 100 euros and you don't have to give more information than you need.
You can take a look at the results over the past months and years. Just create an account in 2 minutes, click on new investment and choose crypto trading bot. Then you will be able to see the past results for the last 3, 6 and 12 months.
Click here to get started