Would you use AI trading assisting tools? - page 3.

Iamcrypticguy

jr. member

Activity: 476

Merit: 7

Navigating the Crypto world & Holding BGB Along..

Quote from: jeraldskie11 on August 08, 2023, 07:55:51 AM

Quote from: Vivageneviv on August 08, 2023, 07:20:55 AM

Increased adoption of crypto has given way to more investors and traders trooping into the space to explore the vast opportunities. While crypto trading may be lucrative, only a few section of traders record significant profit consistently, largely because of the ambiguous nature of analysing charts and keeping tabs on cryptocurrencies.

In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.

The only advantage of an AI to humans is that they don't have emotions. Emotional instability is one of the main reason why a trader lose a lot of money.

I believe that there are still traders who rely their trades to AI but I think it's best only when you want to trade but you don't have time for it. If you're a disciplined person who has patience, you have a huge potential in trading. You need to have a strong mindset in trading to be profitable because your good analysis will be useless without it.

True. emotional instability appears to be a key factor leading to traders losing money, in my opinion. Straying from one's trading strategy and lacking patience contribute to this. However, I believe that leveraging AI and tools like aimbot can enhance trading intelligence and performance.

xSkylarx

hero member

Activity: 2366

Merit: 594

AI is really helping traders because it can easily calculate or analyze the market, which is sure to be integrated into the bot. AI is only for analyzing, and bots are for automation or implementing your strategy, and what I've noticed is that your biases will be more clear if you use AI to analyze them. This is where the price goes, and if that is also confirmed by AI based on the historical data, then for sure there is a high chance that you'll win that trade. But again, we expect too much; data is always data, and markets are unpredictable, so AI would still make mistakes.

Text

hero member

Activity: 2464

Merit: 594

As a Quality Assurance and Business Analyst, I would definitely consider using AI trading assisting tools, such as Aimbot. AI bots can help traders to automate tasks, analyze data, and identify trends, which can all lead to improved trading performance. However, it is important to do your research and choose a bot that is reputable and has a good track record. I would also recommend starting with a small amount of money when using an AI bot so that you can learn how it works and make sure that it is a good fit for your trading style.

Using AI trading tools can be helpful, but it's important to be cautious. They might assist, but success still depends on your knowledge and strategy. It's a good idea to research and understand any tool before using it.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Quote from: Vivageneviv on August 08, 2023, 07:20:55 AM

Increased adoption of crypto has given way to more investors and traders trooping into the space to explore the vast opportunities. While crypto trading may be lucrative, only a few section of traders record significant profit consistently, largely because of the ambiguous nature of analysing charts and keeping tabs on cryptocurrencies.

In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.

The only advantage of an AI to humans is that they don't have emotions. Emotional instability is one of the main reason why a trader lose a lot of money.

I believe that there are still traders who rely their trades to AI but I think it's best only when you want to trade but you don't have time for it. If you're a disciplined person who has patience, you have a huge potential in trading. You need to have a strong mindset in trading to be profitable because your good analysis will be useless without it.

Vivageneviv

jr. member

Activity: 110

Merit: 1

Increased adoption of crypto has given way to more investors and traders trooping into the space to explore the vast opportunities. While crypto trading may be lucrative, only a few section of traders record significant profit consistently, largely because of the ambiguous nature of analysing charts and keeping tabs on cryptocurrencies.

In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.

Topic: Would you use AI trading assisting tools? - page 3. (Read 361 times)