FAQ

A cryptocurrency trading bot is an automated software that trades digital assets on your behalf. It links to your broker account, analyzes real-time market data, and executes trades based on predefined strategies. This allows you to trade 24/7 without the need to manually monitor price movements.

While automated trading involves risks similar to any investment, our platform incorporates advanced risk management tools, including automatic stop losses and dynamic safeguards, to help protect your capital and secure profits. We also advise users to trade responsibly and only invest what they can afford to lose.

No prior trading experience is required. Humphrey is designed to be easy to use for beginners while still offering advanced tools for experienced traders. The Humphrey bot handles the analysis and execution for you.

Absolutely, Humphrey enables you to automate your own trading strategies, allowing you to customize the execution of your trades.

A trading bot aims to help you seize opportunities and manage risk automatically, but no system can guarantee profits. Market conditions can be volatile, and outcomes depend on various factors. Humphrey’s intelligent strategies and safeguards are designed to enhance consistency over time.

Humphrey does not impose a minimum deposit requirement, but your broker might have specific funding requirements. We suggest starting with an amount you are comfortable investing.