- Trading bots can be used to automate trading strategies by connecting them to your exchange account through APIs.
- Popular platforms supporting trading bots include MetaTrader 4/5, Binance, and Bitfinex, where bots can be set up for algorithmic trading.
- It's important to backtest trading bots with historical data and ensure they align with your risk management before going live.
Alright, so I'm kinda scratching my head tryna figure out how these trading bots work. Like, how do I even get started with them? Do I need to know a bunch of coding or can I just plug and play? And another thing, what platforms are cool with using these bots? Don't wanna get booted for breaking the rules or something. Any tips or advice would be solid. Thanks!
No worries, you don't need to be a coding guru to use trading bots. Many platforms offer user-friendly bots with easy setup guides. Just make sure to check the platform's terms of service to see if they're bot-friendly. Some popular ones definitely are.
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