Post
Topic
Board Trading Discussion
Re: Experience with Trading Bots
by
wxa7115
on 21/04/2021, 17:18:22 UTC
Since this bull market i tried trading a little bit (doing "okay" nothing special but its alright) as i have a job where i work often long and @#%*& underpaid hours i dont have the nerve and time spending my spare time infront of the PC to check the charts and do active trading.


Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!
Or have you maybe some warnings about scams(which bots definitely not to use, or what to look for in a bot to avoid it beeing a scam)

Thanks in advance for the answers!

Kind Regards
AD
In my opinion you should not be looking at trading bots to make up for the fact that you do not have the time to trade, instead you should be looking for long term trading or investment strategies.

Bots may seem attractive because it sells the idea of a piece of code that can trade for you all the markets you want all the time, but unless you know how to produce profits on your own then bots are useless, even if a bot comes with a preloaded strategy that beats the markets the more users use the same bot with the same strategy the less profits you will get and then you will be back at square one, so you either learn how to trade the short term yourself and then make your own bot or you learn how to trade the markets for the long term, any other option seems like a waste of time and money.