Post
Topic
Board Trading Discussion
Re: Trading bots... do they work?
by
Lakai01
on 25/09/2023, 14:29:45 UTC
I'm not really good at trading so I try bots thinking that it help me and expecting this would change my mind about leaving trading. Unfortunately, the results never met my expectations, for me, it was a failed attempt. I've found out that trading bots is useless if you as a trader don't have knowledge about trading. I'm not sure if hiring someone to set up the bots instead of doing it personally is a good idea, but I don't think so. Because the only ticket for us in order to succeed in trading is to become knowledgeable about this.
I think that's because you used trading bots for exactly why NOT to use them:
Trading bots are simply meant to help you as a trader automate your strategy and trade even when you are away from your PC. So they are a support for you.

You probably expected a trading bot to magically make you money, unfortunately that doesn't work... and that's not what trading bots are for. Any platform that promises you the opposite is simply lying to you.

There are trading bots with ready-made strategies, but if they always worked 100% we would all be filthy rich.