Topic: How reliable are both trading - page 2. (Read 310 times)
You have answered your own question. Because in trading bots all parameters are determined by the creator of the bot itself, such as strategy, buy, sell, and various other things, and that makes trading can be executed automatically as long as the bot is operating. However, because the ones trading are bots and not humans, it means that users really hand over their trading to bots, whether it will be a loss or profit, users only rely on the bot - while the market itself is dynamic and can change at any time, errors from bots can be fatal and result in severe losses, and because of this more traders do not trust bots in their trading.
You know in the real matter of OP, for me that trading bot is not profitable, because if that is really profitable then the amount of testified that many have got a big profit there. Think about that, right?
The only one who believes in the trading bot is the novices that are lazy to learn the trading and rely on the bots of their earnings, something that is the wrong way of their approach.
The only one who believes in the trading bot is the novices that are lazy to learn the trading and rely on the bots of their earnings, something that is the wrong way of their approach.
In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
Actually trading is something that I believe is best done by yourself, that way you get a real-time control over what is happening on your portfolio, this is because setting these parameters, sometimes there are conditions of the market that may not meet up with these parameters and that alone in it self becomes a serious pitfalls to your trade since you don't intend to monitor the trade Real time, no strategy is perfect and so they still need some level of monitoring even after you may have done the analysis, even getting a more expensive robot that will do the analysis for you will still have its pitfalls as the algorithm may at some point need updating which if you don't you will still loose even trying to use the bot, so basically trading by yourself is the best if you are going to be in for the long term but if you are doing for the short term then maybe you could proceed with the bots What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
~
Bots are just used mostly for timed trades or immediate executions when price points hits a certain point that you indicated. It makes monitoring less of a hassle since, well, you don't have to do it all the time. Heck if you're good enough I reckon you can be a full time trader even if you're not looking at charts for most of the day. As for a bot that self analyzes the market and trades by itself, I'd much rather do copy trading than do something as risky as that. At least in copy trading I can blame someone else! God knows how much shit would go on if such a bot is actually used for trading.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
If theres one like that then its possibly trending and hype now. Its not like its not available but the AI boy has also con like it doesnt really perfect how a succesful trader could do. Its still following analysis from historical data and use it for its execution. It cannot predict an accurate potential market movement as it anticipate the only available data. What are your opinions and solutions
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
@OP, the best thing you can do for yourself if you actually want to go into trading is to learn how to trade by yourself and not to rely on trading bot. I have not used any of the current trending trading bots apart from the Averaging bot on kucoin which you have to automate it to buy at a certain low and sell at a certain high, I only tried it out a few times before I stopped usingusing it.
There are some trading bots that's being advised on YouTube and some other social media, the advertisers said the boy can trade crypto futuree and generate 100% profit, those are all fale words and just q scheme to make you buy the bot.
There are some trading bots that's being advised on YouTube and some other social media, the advertisers said the boy can trade crypto futuree and generate 100% profit, those are all fale words and just q scheme to make you buy the bot.
Trading bots may indeed offer convenience but their effectiveness heavily depends on the strategy they are programmed with. Without expertise from either the creator or the user these bots often fall short or even result in losses. It’s also true that scams are inevitable when it comes to bots. Some bots are nothing more than traps designed to drain users' funds. So if you're considering trying out bots they need to be transparent. Look for bots with verifiable performance histories, clear explanations of their strategies and communities that can vouch for their legitimacy.
legendary
Activity: 2576
Merit: 1043
Need a Marketing Manager? |Telegram ID- @LT_Mouse
What are your opinions and solutions
The best is to learn about trading and trade yourself.
Thanks for sharing.TBH, I don't know what's the main purpose of trading, or who are the ones that are using trading bots. I mean we all have different lifestyles and for me, I have lots of time to use to trade that's why it doesn't make sense for me to use trading bots. Maybe for those who have small free time to look at the charts and still want to make a decent profit then maybe they can use trading bots provided that they already set the parameters for it.
Well, since I want to learn about trading next year, I guess I'll put small amount of my money to these trading bots to see how they perform. 2-3 months would be enough for an experiment I guess.
In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
Because trader in crypto is so impatient that usually want to see return immediately as soon as they use trade bot. Also setting up a bot is one of the concern for most trader since they don’t know what’s the good range or how the bot works technically.
Quote
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
What are your opinions and solutions
Even copy trading is now become less popular. I’m not sure if pushing the bot will be really successful on crypto traders that wants immediate result.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
Such bots doesn't exist... What everybot is designed using someone's strategy. You just input it then design your bit. When it comes across your strategy playing out in the market, it places an order using the risk to reward ratio that you selected. For me, I don't see any sense trading it bot. Remember trading is a skill that once you get, you are made for life. So why think much about being profitable when you can't analyze the market on your own. Buying bots from someone to trade is good to sole point, but you aren't a trader mate. You are just some investor who if the bot fails someday, you will not be able to trade the market.. Most of these bot are scam so be careful mate What are your opinions and solutions
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
The bots make use of technical analyses like overbought and oversold market, trends, support and resistance and some other ones. But what of fundamental analyses? I do not think the bots make use of such. Also technical analyses may not be accurate which makes the bots not accurate.What are your opinions and solutions
The best is to learn about trading and trade yourself. 
If you wants to know what strategies that the bot used, you needs to learns the bot before you use the bot. Without learning, you will not know anything and just use the bot but you will difficult to make a profit using that bot. Trading bots are risky depends on the user itself because as long as they wants to spend their time to learns the bot, they can manages the risks and will not just trade randomly. They will still use analyze to check the market and running their bot if they are sure that the market runs as the same as their analysis.
But it is not easy to find which bots that can works based on the market movements. It is better you learn about analyzing the market from many sources so you can improve your skills and you don't have to use bot to trade.
But it is not easy to find which bots that can works based on the market movements. It is better you learn about analyzing the market from many sources so you can improve your skills and you don't have to use bot to trade.
The main advantage of trading bots is that you don't need to be online 24/7 to monitor and execute trades, you can set up the bot, program it and go on with your life, so instead of trading being a full-time job you can consider it a part-time job.
Other than that and the speed of executing orders, there is no fundamental difference between it and normal trading, so unless your strategy is good and the risks are calculated, you will not make profits.
Other than that and the speed of executing orders, there is no fundamental difference between it and normal trading, so unless your strategy is good and the risks are calculated, you will not make profits.
There are been different conversations on trading both on this forum for as long as 2016. There different experiences with it. To an extent, I do agree that trading bots can be effect and profitable however, it is not just any trading bots. Profitable trading bots require that their creators have expertise knowledge in trading to be able to make one. Even though there are many trading bots that are advertised out there that are many of them are just overhyped. There is also the scam side to some trading bot. Some of them are just pure scams, traders who use them will have their money stolen as that is what they have been coded to do. Trading bot scam
Yeah, scams are everywhere disguised as trading bot, you mentioning the creators having an expertise knowledge is also a good point to consider
I personally use like these Bybit Bots and except 1 liquidation they working fine with nice profit I prefer them over manual trading actually
There are been different conversations on trading both on this forum for as long as 2016. There different experiences with it. To an extent, I do agree that trading bots can be effect and profitable however, it is not just any trading bots. Profitable trading bots require that their creators have expertise knowledge in trading to be able to make one. Even though there are many trading bots that are advertised out there that are many of them are just overhyped. There is also the scam side to some trading bot. Some of them are just pure scams, traders who use them will have their money stolen as that is what they have been coded to do. Trading bot scam
In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
Jump to: