Looking to get some real-world feedback on trading bots, the pros, the cons and the most important question... do they work?
So please, only comment below if you're actively using trading bots and how successful they are.
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.
Trading bots does not bring magic to your trades. What you need in trading is your potential as a trader, and the best of your knowledge and skills that will help you improve your trading career. Those who have succeeded from using trading bots are probably professional traders as well, otherwise if you are just a beginner trader and you resort into using these trading bots, definitely they will not be working either.
Logically right, as we all know how trading bot works.
Still relying with how the inputs of the users, so if you are new to this business chances that bot will lead you to lose your money is possible unlike if you are already an experienced trader who are practicing your knowledge using the bot.You have that edge in terms of anticipating the market and how it will move in the next market trends.
It's more on how you deal with an ordinary trade, your practices will reflect to the bot that you'll going to use, the better understanding you've got the best result it can be for your trading experienced.