What are the advantages of trading with an automatic system?
Advantages and disadvantages of trading with an algorithm
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.
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.