Post
Topic
Board Trading Discussion
Re: Experience with Trading Bots
by
sayaya17
on 22/04/2021, 00:14:32 UTC
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.
Yes, I agree with your opinion mate, doing long-term trading by using bots may not be very effective for anyone.
So I enjoy trading manually without the bot's help.

It can hone my skills in daily trading. However, for a trader studying manual techniques, it is very important if you
want to seriously nature crypto trading. We can't rely forever on trade bots.