Crypto trading bot is software that executes automated trading on predetermined criteria through carefully set instructions. Putting it down in practice, it means that you can set down certain rules on how trading bot should behave in certain situations. The aim of the cryptocurrency trading software is to provide its user with a profitable business even when sleeping.

Another objective of trading software lies in the fact that bots provide users with passive income while sleeping. Additionally, due to how volatile cryptocurrency industry is, fast trades are possible through a set of precise instructions. The software has the ability to release numerous orders in a short time span of time. Finally, using bots would limit emotional trading greatly, the rescuing margin of error to a minimum.

Although it seems quite fascinating, however, managing cryptocurrency trading bot is not as easy as it sounds. Human factor brings in quite a lot of surprises, especially in markets that are as volatile as cryptocurrencies. Bitcoin trading bots cannot fathom general human behavior and can make quite costly mistakes if not properly monitored.