🚨🅱️🅾️How do trading bots work on Binance? A short guide!
Have you ever wondered how to trade 24/7 without looking at the screen? The answer is Trading Bots. These are automated tools that execute transactions for you based on strict rules.
⚙️ Mechanism of operation:
Data analysis: The bot tracks prices and trends in real time.
No emotions: Buys and sells only when your conditions are met (e.g., the price drops to a certain level).
Speed: Reacts in milliseconds, which is impossible for a human.
🛠️ The most popular types of bots:
Spot Grid: Buys low and sells high within a specified price range. Ideal for a sideways market.
DCA (dollar-cost averaging): Automatically buys assets at regular intervals, lowering the average entry price.
Rebalancing Bot: Ensures that your portfolio always has a set percentage distribution (e.g., 50% BTC and 50% ETH).
Remember: A bot is a tool, not a guarantee of profit. Always set a Stop-Loss to protect your capital!#bainace #StrategyBTCPurchase #bot_trading $BTC $ETH $BNB