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?
Hi scottii, thanks for your great question. I think bot trade will help us a lot on trading. When we normally trade, we will be more prone to psychology and cut the profit / loss soon and not earn profit. So bot can help us to control it, and finish our target.
But before you using any bot, you need to check if that bot working good, and it not scam like request you to give it Withdraw API. Trading bot is good, but not all of them. If you need a good trading bot in Binance and Huobi, I suggest Coinmatic.