Quote from: wxa7115 on September 12, 2023, 03:39:48 AM

Quote from: covfefe_ on September 11, 2023, 02:30:17 PM

Yes, crypto bots are useful trading tools. They automatically trade for you according to your trading strategy even when you are on your sleep. They are a good way to make profit buying low and selling high.
The only complaints for most bot services are their fees. But with increased numbers of popular exchanges providing free bots for its users, bot has been available for a larger group of people. And high use of bots make the market relatively stable.
The futures increases the risk a multiple times than you trading with your own coin. They do provide better yield if you are successful but they are closer to betting than trading.

Trading bots sound like a great idea, however they are not the automated solution people think they are, for a bot to work as intended you need three things, a working strategy, complete knowledge about the inner workings of such strategy and the ability to put that knowledge in a language your computer can understand.

How many people do you think have those three things? A very small minority, the rest of the traders out there should not use bots as they simply lack the minimum requirements to take advantage of them.

Agree. Most people that use our live chat related to trading bots aka robots assume it to be simple. They just want to find a robot that does all the hard work. That is not how it works. You are the one that have to do the hard work. Finding a strategy that actually generate a profit in both bull and bear markets. I personally only believe in trading bots that are built / set up by yourself. If businesses with this kind of products work so well - why don't they just use it themselves and make a killing from it? If a trading bot business need customers, it probably doesn't work so well..