Build a Super Advanced Trading Bot on DYDX Hosted on AWS with Python - About AWS and Signup

The video tutorial explains how to run bots 24/7 using AWS cloud services. It highlights the benefits of AWS, including its free tier offering up to 750 hours of free machine usage per month. The tutorial guides viewers through setting up an AWS account, emphasizing the importance of providing necessary details like phone number and credit card. It also discusses the cost-effectiveness of AWS EC2 instances and the control they offer over bot operations. The video concludes by encouraging viewers to sign up for AWS to gain better control and cost savings for their automation needs.

What is one of the main benefits of using AWS for hosting bots?

• It provides a free tier with up to 750 hours per month.

• It only works on personal laptops.

• It offers unlimited free usage.

• It requires no learning curve.

What is a necessary step when signing up for AWS?

• Paying a $100 registration fee.

• Submitting a phone number and credit card details.

• Providing only an email address.

• Completing a technical assessment.

How does AWS compare to other platforms like Heroku in terms of bot control?

• AWS does not support bot hosting.

• AWS provides more detailed control over bot scheduling.

• AWS is more expensive than Heroku.

• AWS offers less control over bot operations.

What is a potential cost benefit of using AWS EC2 machines?

• They are free for unlimited use.

• They can be prepaid for a discount.

• They require no initial setup cost.

• They are only available for short-term use.

Why might someone choose AWS despite its complexity?

• It is the only cloud service available.

• It offers the highest level of security.

• It provides cost savings and control after learning.

• It requires no technical knowledge.