Automated Crypto Trading Bot vs Manual Crypto Trading Bot

 

What Is Manual Trading?

Manual Trading is the process through which individuals use tools and strategies to trade manually. Trades, when initiated and completed by humans, fall under this type of trading. In simple terms, a human sits in front of a computer or laptop for opening and closing trades manually.

Manual trading relies entirely on the decisions taken by the trader with partial guidance from the strategies they use. In some cases, trading software is employed to assist the manual traders in making their trading decisions.

What Is Automated Trading?

Automated Trading is the process in which the so-called crypto trading bots (computer programs or algorithms) trade on behalf of humans. There are a lot of tools such as signals (triggers) and filters that assist the bots in making trading decisions.

The automated crypto trading process depends on the previous trades, market analytics, and other patterns and excludes human factors such as emotions and sleep. Trading bots are designed to work 24/7 * 365 (way faster and efficient than manual trading).

Source:  https://blog.nexfolio.info/automated-trading-vs-manual-trading/