A STUDY OF THE ADVANTAGES AND LIMITATIONS OF BOTS IN TRADING

A STUDY OF THE ADVANTAGES AND LIMITATIONS OF BOTS IN
TRADING
Dr. Namdev M. Gawas
Associate Professor, Government College of Arts, Science & Commerce, Sanquelim, Goa,
403505.
Abstract
Computer programs were originally used to solve computational problems that could only be
solved by computers. However, computer programs have evolved into tools that are now utilized
to solve a wide variety of problems for which humans cannot perform. These programs are used
for number crunching, information retrieval, and social networking among other things. Bots can
be used by traders whose aims include reducing the time required to analyse markets or simply
seeking a safer means of profiting from trading. The current paper seeks to examine the advantages
and limitations of using bots in trading, which are commonly referred to as robots. The paper
begins by providing a preface of what bots are and how they work. Thereafter, it reviews both their
advantages and limitations. The paper examines the advantages of using bots in the market,
providing an analysis of the different types of bots. The paper also identifies several factors that
should be considered before deploying bots in trading. The paper concludes by highlighting the
significant possibilities presented to traders who employ bots in their operations.
Keywords: Bots, Daily Trading, Advantages and Limitations, Preface, Trading Analysis.
► Correspondence Author: Dr. Namdev M. Gawas