Post
Topic
Board Trading Discussion
Re: What you really think about trading bots?
by
LUCKMCFLY
on 29/01/2023, 04:07:55 UTC
Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!

There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is true, if a trading bot owner tells you that you are going to make profit for sure, 100% guaranteed that you will be profiting, then they are selling you a lie. Those legit trading bots and their sellers will always tell you that there is a chance to lose money, or a chance to buy something that won't go up for a long time, basically make a bad trade, they do try to keep that into minimum, and they may claim that they are the one that has that as little as possible and best at that, but they will tell you that it could happen.

This is why it's already wide open to me that if it could make a loss, so could I, and why would I need it to begin with. I like my own investments more.
Indeed! I clearly remember that someone who sell me a bot that is linked to my binance account, he said let your bot make a trade for you and you don't need to do anything you will get a profit since he was using this bot as well in futures, but then when I check , his bot only using cross and 75x yes the bot is working but not actually accurate, you just need to have a larger margin.

The truth is that the people who have used bots to train have not done well at all, they have not been profitable, they are things that happen that are very difficult to do, it is not fulfilled, quite the opposite, I know of a case where they sold robots commercials to trade on binance, and you only had to have money there, and the robot did everything, it had the power to do everything the bot wanted, what I found out is that everyone who purchased the bot lost all their money and the person who brought them the bot or offered it came out as a scammer, so the people who fell are currently demanding that they pay them the money they invested.