to be monitored it's not as easy as coming up with an amazing trading strategy and sitting on a beach for the next NUMBER_TOKEN years while it prints you money the truth is the crypto markets are cyclical and trends come and go that means that you will still need to be proactive about it and keep tweaking that strategy that your bot uses if you want to continue being successful in the future also you should be aware that to use a crypto bot you'll have to keep funds on an exchange this is not risk-free as you don't fully control your keys so that's also worth mentioning so now that you know the reality of using a crypto trading bot you're probably wondering why a chap like me would ever bother using one well let me enlighten you the truth is that reputable trading bots help you do a few very useful things firstly i should of course state the obvious and that is that they can trade and monitor their markets NUMBER_TOKEN NUMBER_TOKEN NUMBER_TOKEN. crypto markets never sleep but we humans have to that means that you can leave the bot on overnight still scouring those opportunities without worrying about missing a potential entry or exit point another really useful thing about setting up those trading parameters ahead of time is that it takes the emotion out of trading if you ask any professional trader they will tell you that your human emotions often trade against you they impact on your decision-making ability and lead to sub-optimal trades for example buying near the top because you have immense fomo or panic selling because you're worried about losing funds if you outsource that decision to an unemotional computer program that's operating purely based on code logical decisions will be made at the most optimal times another bonus of using these bots is that you won't need some mega trading setup either that's because a trading bot can execute multiple trades at once across multiple exchanges using only the rule criteria you have set so yes a simple laptop can do the trick if you're still looking for a mythical crypto trading bot that will guarantee you profit well i'm sorry to say that you'll be disappointed indeed you're highly likely to get scammed and lose all your funds however if these benefits of bots that i've outlined appeal to you then the good news is that there are several bots that will work and that you should consider now before i get into the list itself i do want to give you one more top tip test out bots before using them test them on a demo account then on paper trading and then only on live trading and only with limited funds that's to ensure that they are efficient and work exactly how you expect them to the good news is that you can do just that with most reputable trading bots as they almost always offer a free trial so yes use and abuse that anyways that's enough of the mumbo jumbo preamble it's time to dive right in to those bots at number four i have shrimpy this is a social portfolio management tool that was established in NUMBER_TOKEN and quickly gained a lot of traction in the trading community now i need to be straight up and say that shrimpy doesn't offer any signals so if you're looking for those you'll need to go elsewhere however it does offer spot trading portfolio tracking strategy automation back testing and smart terminal trading this being said there are two particular features that i think shrimpy does really well the first is the longer term portfolio management tool which automates things like portfolio rebalancing
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