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.
Totally that useful i should say specially into those people who do really utilize its usage and usefulness specially on automated trade on which it could really be able to bring out that convenience
on a certain trader and something that cant really be that be able to utilize with those noobs whom do really believe that trading bots could really make money for them which it is really just that
having that so common misconception on how things should really be handled it right. Trading bots are for automation and make things that more comfortable or something that would really be applying out your analysis on automated manner and not really that something that could give out sure profits or making money on what most those noobs do have in mind. This misconception do still
really spread out and even present nowadays but well as the time that they would be having those real experiences towards it then for sure they would really be able to realize
that they were totally wrong on what they do have mind earlier.