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!

Konstantin Borimechkov
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…

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Konstantin Borimechkov

Writing Code For a Living 🚀 | Software Engineer @ Tide | Writing Blogs About Python & CS