Quote from: Kelward on Today at 08:15:54 AM

Quote from: terrific on May 18, 2024, 01:32:15 PM

Quote from: Emmybit001 on May 18, 2024, 01:04:55 PM

I got to realize that must people use autotrading software which enable them to make good profit in trading, I don't really know about this autotrading system, how does it work? Because people have been saying things about this autotrading, can someone explain how this autotrading is?

Using it won't guarantee you profit. Don't get into that misconception because if these automated trading is a certain profit maker, many have already used them and became rich now on.
As explained above, it does the trading for you but you still need to do something for setting it up.

I've also heard about automated trading and how profitable and convenient that it can be for traders, but I'm not so comfortable with the idea of letting an automated gadget to be making trading decisions for a trader. I liken it to AI when I think about it, so I think that it'll not be helpful for newbies to rely on automated trades, instead they should focus on being at alert to trade by themselves and increase their knowledge, perhaps experienced traders can use it as an alternative, because they're not relying on it.

Convenient may be but profitable? I think not all times. Imagine if both works effortlessly, then it's like a dream come true for the people. If you got lucky to come across an auto trade that can works the same, why will you get uncomfortable? Especially when you can just pull out your capital and profits from time to time? I see no huge risk on them and most of the times, we are the ones who will command it, so the risk of losing will only depend on us or on our ability/knowledge.

A lot of newbies don't really care about the learnings but what they care the most is the profits. So no matter how you, we and others advice them the right way, there will still be hard-headed ones that will disobey us and jump on the profit side immediately.