Quote from: milewilda on February 14, 2023, 09:15:44 PM

Quote from: boyptc on February 13, 2023, 01:27:59 PM

Quote from: maydna on February 13, 2023, 07:26:42 AM

And even if you use a bot, you still have to make settings on it so it can run the way you want. But if the market immediately reverses, you still have to set up the bot again. And that means you must still have the knowledge and ability to use bots properly.

Having a bot don't guarantee anything but it automates your trading which will save you time.

It's true that there's still a need to setup the bot and you can't just buy a bot and expect that it will bring you profits on an instant.

Making such with bots is a combination of your knowledge in trading and also what you know about the market. There are newbies that think you'll get profits easily by just having that but no.

One of most misconception about bot is that newbies do really believe that it is really a way on making money without doing such hassle or further steps which they arent able to realize that they arent money making generating bots which they are really been thinking and this is why on the time that they are in loss then they would be tending to blame out things that it doesnt work.SOoner or later they would really be able to realize thats not how things do works.You would really be needing that knowledge for you to sustain this unpredictable market because if you dont then you would really be having that hard time on coping on things up.
You cant just run off a bot and expect that you would be making money, thats not how reality works.

In any case, knowledge is required to use the bot. of course, if we take the ETS platform as an example, where anyone can log in and start trading using algorithmic trading systems, but in order to achieve real results, you need to start learning to trade, namely to be able to carry out fundamental and technical analysis.