Simply said, it’s automated trading software with built-in buying and selling criteria. So, you have a bot, and you give it a few parameters, and the bot can buy and sell using those parameters. It’s truly that simple, and I’ll go over exactly the settings that I use and have had amazing success with on this website.
So, what’s the deal with these Dollar cost averaging “DCA” trading bots? They allow you to participate in the crypto market in a passive manner while maintaining your present workload, which might be your job or your business, as in my case. These trading bots require very little attention and time. You can easily have trade bots operating on the side as you go about your daily routine.
Little maintenance required
Once operational, DCA trading bots require very little maintenance and operate 24 hours a day, seven days a week. So that’s my favorite part: I can make money while I sleep. If you work a regular job, you are not earning money if you are sleeping.
So, by having something like trading bots that are literally running 24-7, 365 days a year, every single minute, you can generate some form of income, which I personally enjoy.
Another reason is that you only need basic technical knowledge to run these trading bots; If you can use a computer, you can run these trading bots. You don’t have to be a programmer to do this.
It is not necessary for you to know how to code. You don’t need to know how to trade, which is ironic given that you’re using trading bots, but you really don’t need to know how to trade and they’re incredibly simple to use.
Income from a passive source
This is my preferred source of income. Earning this trading bot income requires no effort on my part other than setting up the bots and letting them run. I enjoy making money while I sleep.
I enjoy making money while watching television. When I’m on vacation or working out. Bringing in money every minute of the day appeals to me, and it’s one of the main reasons I enjoy using these trading bots, in which I’ve obviously invested myself.