Post
Topic
Board Altcoin Discussion
Re: Do crypto trading bots really generate profits?
by
setialovers
on 30/07/2019, 00:30:09 UTC
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 think trading bots will not help much in our trading. This has happened in many markets such as forex and others. Trading bots only apply to markets that move sideways and cannot read sharp price movements