What types of crypto trading bots are there?
There are several types of crypto trading bots, each designed to implement different strategies:
Arbitrage Bots: These bots take advantage of price discrepancies between different exchanges.
Market-Making Bots: They place buy and sell orders to profit from the bid-ask spread.
Trend-Following Bots: These bots aim to identify and follow market trends for profit.
Scalping Bots: They make small profits by executing many trades in a short period.
Swing Trading Bots: These bots try to capture price swings in the market, holding positions for several days or weeks.
Each bot type serves a unique function and can be selected depending on your trading style and goals.
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