How To Utilize WebSockets In Creating A Profitable Trading Bot - With Python
Learn how I leverage WebSockets to build trading bots that can be run 24/7 to generate additional income. Also learn som Python along the way!
6 min readMay 23, 2024
This will be a longer one, so feel free to skip to the section you’re interested in 👇
- Intro & Recent Experience
- Why Use WebSockets?
- Comparing WebSockets w/h Regular API Calls
- How To Leverage WebSockets in Trading Bots?
- My latest Experience In Using WebSockets
- All was good, until I thought of one crucial edge-case.. 😱
- Binance WebSocket Specifics & Good-To-Knows
… although they’re all interesting 😛
I’ve also added some code for more visual explanation. Hope it brings more clarity to the picture 🙏
Intro & Recent Experience
Recently, I had the chance to experiment and write more trading bot logic and configuration in my spare time.
With that extra time, I gained better understanding of some technics which help me improve the quality of the trading bots I write…