6.1.0. Two Kinds of Trading Bots
Basically, there are two kinds of trading bots:
(1). Semi-Trader
These robots can perform only one task – either place a trade or execute a trade. If it is a trade placement bot, it means you will need to execute the trade by yourself. To execute a trade is to close a trade by taking profits or losses, as the case may be.
(2). Full Trader
These robots can perform both actions – trade placement and execution. Full traders are becoming popular because it takes the pressure of time from you; all you do is to set up the robot and fund your trading account.
6.1.1. Important Point!!
An important point you should be aware of is that no robot can guarantee you 100% accuracy, especially considering the volatility of the Crypto Market.
Hence, be careful with claims of 100% accuracy of bot trading. Always do your own research (DYOR) before committing your hard-earned income to any crypto project.