Member-only story
Bots revolutionize the Stock Trading world
Stock trading is a business that entails many emotions and psychological elements. It is a trade that is gainful to the most insightful and driven professionals. But I am here to tell you that Stock Trading Bots have really altered our outlook on the trading industry.
A computer program that makes a trade on your behalf. Traders now have the power to automate their moves through computers and remove all the emotions out in the process. Bots use computer algorithms to monitor markets for viable conditions. A Bot developer sets initial guidelines, entry, and exit points for potential positions and pre-established parameters.
There are several kinds of Bots that favor diverse market conditions and trader needs. One such example is scalping, it is a strategy for making consistent but smaller profits in a sideways market. It is designed to trade in order to shave those profits out of the market automatically. Scalping Bots only serve the sideways market; they may not trade so well in bullish or bearish conditions. Thus it is advisable to figure out which strategy Bots to use under…
