Topic: Autotrading system - page 2. (Read 154 times)
Please keep in mind that automatic trading doesn't mean the bot will decide every trade. As a trader it only helps making trade faster and easier with the set of guidelines provided by the trader. It does increase the chance of earning profits but the decision to invest and exit has to be taken by the trader operating the bot. It is not an AI that takes all decisions in account to make a successful and profitable trade.
I think the closest I’ve been to anything auto about trading is:
Setting my stop loss and take profit.
Also, having to set a market order to execute at certain points.
Other than these, I don’t have a reason to use auto trading, not at all. The only trading skills I can only trust is, my self analyzed skills. Putting my market trading experience to a continued test and getting the excitement as well as the courage that follows when I get it right. When I don’t, I learn from it.
If you think an auto trading technology is helping people to make profit, I don’t see any reason why anyone would be burdened with doing analysis. Think of it, it just doesn’t work as advertised. My advise would be, be careful where you choose to loss your money.
Setting my stop loss and take profit.
Also, having to set a market order to execute at certain points.
Other than these, I don’t have a reason to use auto trading, not at all. The only trading skills I can only trust is, my self analyzed skills. Putting my market trading experience to a continued test and getting the excitement as well as the courage that follows when I get it right. When I don’t, I learn from it.
If you think an auto trading technology is helping people to make profit, I don’t see any reason why anyone would be burdened with doing analysis. Think of it, it just doesn’t work as advertised. My advise would be, be careful where you choose to loss your money.
As others have shared basic about Automated trading, I would like to inform you that don't be in misconception that this will make you rich overnight or guarantees profit because it works either on some precoded logic or you have to create one for them to buy and sell which may or may not succeed. There are lot of videos in YouTube about it hence try exploring the ways to set logic.
I got to realize that must people use autotrading software which enable them to make good profit in trading,
If your intention is to keep making profits from trading, then your best approach should be to first develop the skill of trading on your own and not look to automate your trading just yet. A new trader who focuses on learning to use bots to trade will never last long in the market and will not end up with a sustainable skill because they will not be able to trade without a bot. Do not be in a hurry to automate your trading when you have never made a profit trading yourself.
Be careful about using automated trading or bots that are too risky and even if it's automated there's no guaranteed profit on using them I tried those bots at first yes it made me profit but since it's still running my profit turned negative so at the end I earn negative profit.
Automating your trading might be worth it in a high time frame because you can react right away and stop the bot if you see profit is dropping or stop the bot if you already made a profit.
And take note that even if it is automated you still need to monitor them if you don't want to lose the opportunity in making a profit or to avoid a huge loss.
Automating your trading might be worth it in a high time frame because you can react right away and stop the bot if you see profit is dropping or stop the bot if you already made a profit.
And take note that even if it is automated you still need to monitor them if you don't want to lose the opportunity in making a profit or to avoid a huge loss.
I always advice anyone using Automated Trading software or bot should buy the one that aligns with our strategy, also even when making for ourselves. It works one time and fail the other time, just be aware of scammers who sell those shots, just have the right knowledge and skill set you win in the world of Trading, and not buying, believing and wasting money on softwares.
Be careful about using automated trading or bots that are too risky and even if it's automated there's no guaranteed profit on using them I tried those bots at first yes it made me profit but since it's still running my profit turned negative so at the end I earn negative profit.
Automating your trading might be worth it in a high time frame because you can react right away and stop the bot if you see profit is dropping or stop the bot if you already made a profit.
And take note that even if it is automated you still need to monitor them if you don't want to lose the opportunity in making a profit or to avoid a huge loss.
Automating your trading might be worth it in a high time frame because you can react right away and stop the bot if you see profit is dropping or stop the bot if you already made a profit.
And take note that even if it is automated you still need to monitor them if you don't want to lose the opportunity in making a profit or to avoid a huge loss.
I got to realize that must people use autotrading software which enable them to make good profit in trading, I don't really know about this autotrading system, how does it work? Because people have been saying things about this autotrading, can someone explain how this autotrading is?
Autotrading which does simply means that you would really be making use of bots on which this is something for you to automate your trades which of course you would really be still needing up that sufficient experience and knowledge about trading because there's no way that you could really be able to make yourself that be able to handle out on using trading bots if you do lack that knowledge.The misconception of most people is that they do really that believe that trading bots could really make sure profits on which we know that this is something that would be impossible.
Market is really that volatile and there's no way that you could really be able to make yourself having that assured profits with those trading bots.
The best thing is that making use of bots plus having that knowledge on the things that you've been doing on which at least you do have the idea.
I got to realize that must people use autotrading software which enable them to make good profit in trading, I don't really know about this autotrading system, how does it work? Because people have been saying things about this autotrading, can someone explain how this autotrading is?
Using it won't guarantee you profit. Don't get into that misconception because if these automated trading is a certain profit maker, many have already used them and became rich now on.As explained above, it does the trading for you but you still need to do something for setting it up.
It is called automated trading. Bots are used for the automated trading. You can also check some exchanges like OKX, Binance and other exchanges and read more about their bots. The bots have different works but in a way they can execute trades for you automatically without you doing anything or even when you are sleeping.
I got to realize that must people use autotrading software which enable them to make good profit in trading, I don't really know about this autotrading system, how does it work? Because people have been saying things about this autotrading, can someone explain how this autotrading is?
It's exactly as the name suggests "automatic trading". If you want to experience with that, I suggest you go with Hummingbot[1] (use it at your own risk. It has a solid documentation, and you can also find some step-by-step guides on it on YouTube.
[1] https://github.com/hummingbot/hummingbot
I got to realize that must people use autotrading software which enable them to make good profit in trading, I don't really know about this autotrading system, how does it work? Because people have been saying things about this autotrading, can someone explain how this autotrading is?
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