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**Automation – The Replacement Of Time & Skill**

I know of many people who rely almost solely on trading bots when it comes to their participation in the Crypto market. There are numerous benefits to be had, provided the bot is effective, and can produce consistent returns over an extended period. Let’s be honest, a bot can save you a lot of time when it comes to research, [**technical analysis**](https://inleo.io/@leoglossary/leoglossary-technical-analysis-ta), and on-chain analysis. Furthermore, it is also able to compensate for a lack of skill and experience.

For newcomers to the Crypto space, it’s probably a lot safer than going it alone, especially if the individual in question is new to [**financial markets**](https://inleo.io/@leoglossary/leoglossary-financial-markets) and trading. That being said, one often gets to set their own parameters, and so risk becomes relative to these settings and adjustments. I am not huge a fan of trading bots. However, it is for a very good reason. I have been trading markets for almost 20 years, so can outperform the average bot benchmark return.

If I were relatively new to the world of [**trading**](https://sapphirecrypto.org/2024/03/13/trading-crypto-futures-how-i-secure-a-double-whammy-effect/) and financial markets, I would most likely appreciate the help of a virtual trading assistant. A trading bot is a lot more than an assistant. It becomes the active trader, relying on AI and the parameters you provide as a user. In my experience, I have found trading bots are often able to produce acceptable returns. However, a significant move in the market can “frustrate” the process.

It also comes down to the type and settings of the trading bot you are using. There are no perfect solutions in life. Personal responsibility can never really be negated. Whether you are responsible for your trading decisions, or the parameters you input into a trading bot, it makes little difference. The only difference is it’s a once-off decision with a bot… and then [**AI**](https://inleo.io/@leoglossary/leoglossary-artificial-intelligence) takes control of the execution of those settings.

**Pionex**

Recently, a friend introduced me to a trading platform that operates as an exchange, as well as the world’s largest AI trading bot. After visiting the [**official X account**](https://twitter.com/pionex_com), I was surprised to see that [**Pionex**](https://www.pionex.com/en/signUp?r=0ahn5X3ZZDi) has over 110K followers and offers a plethora of various trading bots. The exchange offers both spot and futures trading, as well as bots to match. New users can also create a demo account, which often aids in learning the ins and outs of the platform.

The bot that managed to pique my curiosity is the [**Rebalancing Bot**](https://www.pionex.com/blog/pionex-rebalancing-bot/). This particular bot allows you to choose a basket of coins. Whenever one of the coins in the basket pumps, it sells and then repurchases the coin that is underperforming at that current moment in time. This particular idea allows for a lot of creativity, and a well-designed combination of coins can produce some impressive results.

 ![](https://sapphirecryptoorg.files.wordpress.com/2024/04/1500x500-1.jpg?w=1024)

[Image Source](https://twitter.com/pionex_com)

For example, you can select various coins from various sectors and niches. If you are well acquainted with capital rotation and the formation of future trends, you are likely to create a winning formula. The creativity this particular bot offers is rather tempting and has me considering whether or not I should do a little experimentation. I have given [**Pionex**](https://www.pionex.com/en/signUp?r=0ahn5X3ZZDi) a test-run, regarding standard trading, as well as testing the deposit and withdrawal functionality.

Everything was on point. As with any exchange, just be aware of the minimal deposit restrictions. However, they do appear to be relatively low. This is by no means an endorsement of Pionex. Please conduct your own due diligence before any investment decisions regarding Pionex, or any other platform, for that matter.

**Final Thoughts**

As AI advances, I suspect trading bots will become a lot more efficient, and as a result, profitable. Until such a time as a bot can outperform my [**trading strategies**](https://sapphirecrypto.org/2023/10/09/my-enhanced-trading-strategy-three-months-of-testing/), I will be doing it myself. However, there is a lot of opportunity within this niche. As with everything, careful navigation and research are imperative. Until next time, all the best!

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**Disclaimer**

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

This article was first published on [**Sapphire Crypto**](https://sapphirecrypto.org/2024/04/10/the-profitable-world-of-ai-trading-bots/)**.**

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