Trading bot scams: How to identify and avoid fake bots

To traders — especially inexperienced traders — trading bots may seem too good to be true. Trading bots can automate cryptocurrency and forex trading. These bots can make split-second decisions and execute trades faster than a human. They also don’t sleep, ensuring investors don’t miss an opportunity to make money. Unfortunately, scammers often use fraudulent trading bots to steal investors’ funds. In this guide, you’ll learn how to identify and protect yourself from trading bot scams before losing money.