The post Why Algorithmic Trading Bots Have Become A Weapon Against Human Weaknesses appeared on BitcoinEthereumNews.com.

Trading bots are programs that automatically make transactions in financial markets according to specified algorithms. They analyze data, calculate patterns, and perform operations without human intervention. Unlike a trader, who may flinch before price fluctuations, a bot calmly follows the rules.   How does the algorithm work? It’s simple:   1. Strategy: The trader defines the conditions for entering and exiting the market (for example, “buy if the price crosses the moving average”).   2. Setup: The bot is connected to the exchange via API, and risk parameters are set (stop loss, take profit, position size).   3. Launch: The program starts trading, and the person is freed from the need to sit at the monitor.   Veles trading bot makes this process accessible even to beginners, offering ready-made strategy templates and tools for creating your own algorithms.   Emotions vs Algorithms Manual trading often turns into a battle with yourself:   – Fear and greed force you to close profitable positions ahead of time or ignore stop loss.   – Fatigue leads to errors: for example, a trader confuses support and resistance levels after a sleepless night.   – Excitement pushes you to take unjustified risks, as in the story of “returning losses,” when they try to win back losses with a double lot.   A 2023 study from the University of Chicago showed that 78% of manual traders lose money due to emotional decisions.   5 Reasons to Choose Algorithmic Trading 1. Discipline comes first Bots don’t know what FOMO (fear of missing out) or FUD (fear, uncertainty, doubt) is. They follow the strategy even in moments of panic in the market.   2. 24/7 operation  While you sleep, algorithms monitor the Asian and American sessions, catching opportunities in the 24/7 cryptocurrency market.   3. Speed ​​and accuracy   It takes a person 2-3 seconds to press the button. For…

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Filed under: News - @ April 25, 2025 12:22 pm