Actually I really do not recommend using a trading bot, especially for a newbie. Don't think using a good trading bot,
we automatically can earning profit. Trading bot is only for traders who already have advanced capabilities, because
it needs to be done settings for the bot that we use. If you are not careful using a trading bot you can lose money and
trading capital you have can be used up. Of all the trading bots that I have tried, only CryptoHopper and Gunbot are
recommended for use.
Newbies do not really understand this, they believe a bot is a tool that makes profits on its own, the only legitimate reason for someone to use a bot is if they are already a profitable trader and they have a system that is simple enough for a computer to use and it will be more effective in the hands of a computer thanks to their ability to trade the markets without rest, not only this will increase your profits it will also reduce your workload and you will be able to earn money while sleeping which I think is the dream of many here.
Your statement is correct since bot are designed to be useful when the trader itself understand
the market behaviors, it's not a exact money making tools
But rather a system that helps you lessen your time monitoring your trading positions, newbies
that don't have actual trading experienced
should think twice before using bot, once they wrongly configured the system, it will risk their
investment, and chances to lose everything is very high.