Post
Topic
Board Trading Discussion
Re: Trading bots... do they work?
by
ancafe
on 06/05/2024, 19:25:10 UTC
Trading bot can also generate profits, but I was never sure that bots could provide consistent profits to traders every day. The way a bot works should follow the instructions given by the trader or the programmer, so clearly the profits and losses depend on how the trader gives instructions to the bot, although the bot can also make analyzes based on the approach instructed.

I'm sure no trader can get the consistent profits they want every day, of course there are times when they lose because the market doesn't match predictions. However, trading does not have to be done non-stop every day, this means that trading must be done on time and because of opportunities, not just because you have a budget.
That is certain because it is impossible for a trading bot to be created if it is not able to generate profits, but as we discussed, the level of profile consistency every day cannot possibly be guaranteed. Because if that could happen, why would people be so busy investing independently and it would be better to use a trading bot if it could produce consistent profits every day. Trading bots are programmed by people and that means they follow almost the same patterns as manual trading capabilities and it is impossible to follow orders for a profile every time.

Trading is much riskier than investing, which is why people think trading is not easy to do, whether using a trading bot or not. I agree with you that trading can be done when people are really ready, except for those who are experienced in dealing with risk because even if they experience a loss, they can recover in the next trade.