There is some risk in using the trade robot?
All trading has a risk but the advantages of using a robot are following.
2.3.1. Self-trading
• Low volume of transactions and position fees for each transaction.
• A good trader can earn approx. 20% of annual revenue income.
• You must have a great deal of trading experience.
• You have to waste time monitoring the market.
• Take a higher risk of loss than Robot Trading.
2.3.2. Robot Trading
• In automatic trading of cryptocurrency, if trading volume is high, the trading fee will be equal to 0%. For example, Poloniex and Kraken.
• With a good algorithm and a limited number of people using it, Robot Trading has greater profits than self-trading.
• It is a stable trading system for profit, so you do not have to waste time watching your screen 24 hours a day.
• There are no psychological factors that affect your trades.