MNW Auto Trader — What is a Bitcoin Robot?
A Bitcoin robot is an auto-trading software that use complex algorithms and mechanisms to scan the Bitcoin markets, read signals and make decisions on which trades to place in order to provide profit.
As a robot, they are far more effective than humans because they are able to scan all information available on a particular crypto coin (in this instance Bitcoin), and execute trades, all in a matter of seconds.
The way robots work is by looking at buy/sell signals. These signals are what allows the robot to be seconds ahead of the market, which means that you will be able to make bigger profits than everyone else. One of such robots is the popular MNW Auto Trader By MarketWatch, which boasts an incredible win rate of 99.4%!
MNW Bitcoin Auto Trader can have up to 99% win rate, meaning that for every ten trades made by each of these robots, at least nine are correct.
Advantages and Disadvantages of Bitcoin Robots
Understanding the advantages and downfalls of automatic trading are quintessential in extracting the best out of these tools. While robots have some similarities with humans, they differ greatly which can make them both more accurate and more risky.
Advantages
- Robots are far more effective than humans because they are able to scan all information available on a particular cryptocoin and execute trades, all in a matter of seconds.
- Bitcoin robots are not subject to feelings or emotions — they purely base their decisions on logic and algorithms. This makes their accuracy far higher than those of humans. Some robots have an accuracy of up to 99%, which means that they virtually do not place any losing trades.
- Bitcoin robot trading is a lot faster than manual trading. Instead of manually analysing markets, opening an account on a cryptocurrency exchange platform, waiting for verification (this can take up to 2 weeks), waiting for a profitable trade, and going through the withdrawal process, the bitcoin robot will take care of all of this for you.
- Easier than manual trading : all you have to do is make a deposit and leave the system to it. You can then withdraw your profits daily, with no hassles. Reputable robots such as Bitcoin Code even offer 24/7 customer support.
Disadvantages
- Like manual trading, bitcoin robot trading has risks, and are not 100% accurate all the time, constant human presence is needed for accuracy.
- Robot trading can be complicated for those who are not familiar with them ( Beginner’s can start MNW Bitcoin Auto Trader Free Tutorial Here ! )
- The market is unregulated and there are many scams flying around, meaning that users must be well-informed before investing. Ask a MNW professional for assistance.
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