What are your opinions on trading bots?

Perfectbaby

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Quote from: ? on Today at 09:12:42 AM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

I think there have been lot of talk about trading bots for some moments but even as that I don't still give priority to trading bot rather you should study to know how to trade, maybe after much lessons and practice you can then start using bots to trade. However, using bot means you should also be ready for some lost due to the technical issues that can be faced along while using the boys.
In conclusion, before using a bot to trade you should be more granded trading comfortably without even using the bot to trade.

Dr.Bitcoin_Strange

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Are you using a trading bot?

You can find more opinion from the above topics which have earlier been discussed about trading bots. I don't use bot to trade, there's no evidence to prove that bots are more profitable than humans, so what's the need of using it?

avikz

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Quote from: ? on Today at 09:12:42 AM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

You are probably looking for a money making tool, which you can just switch on and it starts printing money. Let me tell you that no such tool exists, not at least for common people like us. With the advancement of AI, such tools may exist in future though.

Whatever trading bots we have available in the market, are controlled by the traders. The logic is given by the traders and the bots execute the logic. There's no guarantee that it will make you money.

I personally do not recommend trading bots.

Davidvictorson

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I wouldn't say that I recommend or not recommend it. What I think about trading bots is that they are good as the trader who is using them. If as a trader you make trading decisions based on your emotions and your trading plans change as frequently as you trade, I don't think there will be any difference if you program a trading bot because if you haven't mastered the life trading platform you cannot be a successful trader using a trading bot no matter the advantage you feel you may have from using it.

dzungmobile

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Quote from: ? on Today at 09:12:42 AM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

If bots can help everyone to trade and get profit, do you see it is too good to be true?

The market is zero-sum game, and it will never give everyone profit, because money in a zero-sum game only moves from people to people, from losers to winners. This principle warns you that you can get loss by using trading bots too.

Profit or loss, it depends on your setup for the bot and sometimes you have to turn off your bots when market comes to dangerous times for a break out or break down.

Awaklara

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Quote from: ? on Today at 09:12:42 AM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

do you have the ability to learn better trading? if you can develop your own trading skills, it's better not to use trading bots now. it doesn't mean that trading bots are bad, but with you already knowing and mastering trading well, then you can judge whether you are suitable and feel helped by trading bots or not enough to help you.
you must be at a level where you are confident to trade with your own abilities. it will keep you away from something that will ultimately have a negative impact on your trading activities in the future.
there's nothing wrong with trying, but you have to measure your level of ability first.

dunfida

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Quote from: ? on Today at 09:12:42 AM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

Trading bots are really just that good for automation nothingless. It is really just that there would really be those individuals who do really think off that it is really that something that could generate easy profits or money
which is really that very wrong. It is really just that useful if you are a trader whose really that not always on front of your computer on which of course it will really be that important that you should really that know
on how to put up those strategies on which it will really be that something relevant or something that you would really be needing. On the time that you would really be just that relying with these trading bots
then you would really be finding yourself having some issues when it comes on making yourself being not be able to learn up on your own. Its not something that will really be that making up some progress
on which you wont really be making any skills when it comes to this. This is why it would really be that important that you should trade on your own manually.

AbuBhakar

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Quote from: ? on Today at 09:12:42 AM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

Trading bots is just an automated trading which means a user needs to setup the bot using the price range and other bot parameters before it can trade. There’s a suggested setup but that doesn’t mean it’s profitable already.

Copy trading is more popular than trading to newbie trader since it follows the trade of a professional trader without the need to setup their trade. Bot is only for traders that already has an experience on trading that wants to automate their trade since they have the strategy in mind.

I always use grid trading bots whenever there’s a trend since it gives me consistent profit on the price range which the volatility of the token set.

Oshosondy

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Trading bots should not be seen as something that will make traders make more money. The main work of bots should be making work easier. I mean to make trading easier for good traders.

Good traders do not need bots to trade and make money but they can need it for some automation in trading.

?

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Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

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