Topic: Do crypto trading bots really generate profits? - page 4. (Read 3152 times)
If you have any successful trading strategy that has already been tested by time and for a long time brings you tangible income, then in this case you can create a trading bot. This bot, created specifically on the basis of your experience, can only facilitate your daily work. But it cannot guarantee you success all the time.
In any case, you must first choose the best bot and learn how to use it in order to have good results. But I responsibly declare that the best results can be achieved only by personal work and by conducting a technical analysis of the cryptocurrency market personally, and not with the help of the program. Here are just a little time for personal life.
True, the problem of those that want to make money with bots is that they think the only thing they need to profit from that software is to buy it and run it and that is not true, those that get benefits out of those bots are the ones that already know how to trade and are only looking for a way to make money in an easier way, and as such they try to automatize their actions with software, this has a huge advantage because if you have a profitable system you could use your bot while you are sleeping and increase your profits significantly since you will be trading the markets 24 hours per day.
Trading bots are not for long-term profit. Bots can perform well only in day-trading, at-least it can make a better decision than you. But yes, it also depends on your strategies. For example, if you set BOT in the low-liquid market, it cannot make profits for sure.
As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
Hi peers, I got interested in mining and trading bots recently and wanna hear your experience. Especially altcoin mining as I have read it is a profitable niche, or better old good BTC? In essence, tell more about mining, how to start, etc Or better buy a trading assistant?
You'd better specify your question a but as I can tell many interesting facts and my own experience about mining in US. To be short I have quit my job and invested in mining equipment after regarding for a long timeHi peers, I got interested in mining and trading bots recently and wanna hear your experience. Especially altcoin mining as I have read it is a profitable niche, or better old good BTC? In essence, tell more about mining, how to start, etc Or better buy a trading assistant?
You'd better specify your question a but as I can tell many interesting facts and my own experience about mining in US. To be short I have quit my job and invested in mining equipment after regarding for a long time
Hi peers, I got interested in mining and trading bots recently and wanna hear your experience. Especially altcoin mining as I have read it is a profitable niche, or better old good BTC? In essence, tell more about mining, how to start, etc Or better buy a trading assistant?
I am skeptical about trading with a bot in the cryptographic market. Too much volatility and big risks. My friend trades using a bot, but in the forex market.
EA Expert Adviser is the automated tool used in forex trading while bot is synonymous with crypto trading while I prefer manual form of trading which I believed is easier to manage trades obviously trading with bot and EA enables a trader to set up trades automatically but I doubt if its profitable on a long term perspective due to difficulties in predicting the nature of crypto markets. I have never tried bots but many people have given the opinion that bots are very profitable. therefore many people can benefit. but in terms of risk, there is more management because usually targets have been set
On exchanges when trading, I often notice the work of bots. In my practice, they are not very effective, they can be manipulated manually.In any case, you must first choose the best bot and learn how to use it in order to have good results. But I responsibly declare that the best results can be achieved only by personal work and by conducting a technical analysis of the cryptocurrency market personally, and not with the help of the program. Here are just a little time for personal life.
I agree, by trading alone, we come to know how to read price movements in the market. Indeed trading bots can help traders to get profit but I think it's better to do it yourself. If the prediction of the bots is used as a second opinion, I think it can help us in the market
I have never attempted using a bot abd won't be trying doing that any time soon
Bots just do what you program them. If you are +EV trading manually, a good settled bot could be profitable.
You are right about trading tools but in the other hand some will be very beneficial if you maximize its potential. Like the SmartBotCoin, they have a real time exchange view updating very frequently and as a trader this will help me a lot. Seeing every changes to a certain product will surely add up to the success you want to achieve.
It really depends on how the traders are building strategies while trading. It depends on the taste of trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.
I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?
I doubt that in the long term , bots can make a profit , it seems to me only for the short-term form can bring something , but it is better to learn to trade. I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?
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