Post
Topic
Board Trading Discussion
Re: Autotrading system
by
EarnOnVictor
on 22/05/2024, 08:45:11 UTC
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?
Autotrading systems are not uncommon in the world of trading but it will be a serious misconception if you think that it is earning money for so many people. This system dates back as early as 2000 and it has ruined millions of trading accounts, if not billions, so you should be careful of what you wish for. It first started with trading robots which people are now calling bots for short and it graduated to platform integration where a manual and autotrading done on a certain account could be replicated on your own account. This is now popularly called social trading these days. This social trading was started by third-party programs before brokers/exchanges are now enabling it directly on their trading platforms.

However, I've not seen any bots and social trading systems with long-lasting results that are encouraging and their results are always similar (I mean for the bots and social trading). It is either they lose outrightly for you, profits for you but later lose it or they lose and win intermittently to the point that you have nothing to show for it over a long period. This is why although auto-trading is popular but the result has not been so encouraging. If not, everyone will be making huge money doing almost nothing through that system.