Generally speaking, Avalanche Trading Bots work well when market prices stay within a certain range. Still, the software cannot predict future trends accurately enough. For example, it could make trades based on assumptions about how the markets will react in response to certain events (and you know what happens when you assume). Keep an eye on your bots, set them right, and regularly update them.

While there are plenty of ways to lose money in the stock market, lack of experience, emotional trading, and tiredness can be especially dangerous when applied to cryptocurrency trading. That’s why it’s so important to practice in the Demo mode first before using your own money in real trades. This way, you can work up the necessary quality prior to starting.

If you don’t configure your bot properly, you could end up in the red. Trading without Stop Loss is one example. And, even if you do make money with your bot, you might not make as much as you could have if you had configured it correctly. Also, if you don’t reconfigure your bot in accordance with the changes in the market, you will likely run into trouble.