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.
Trading bots definitely work but I don't want to use trading bots. Normal bots are able to execute any trade faster than humans. It has some advantages as well as disadvantages. There will be more losses than gains if the commands are not used properly. Again, there is confusion that all trading bots will provide good support. I don't use trading bots because I prefer to use my own strategy for trading. My strategy and the strategy of trading bots will not be the same. Market movement is always dynamic in nature, so I think dynamic thinking of people is more effective than bots.
Just like on what other users or posters saying above that it would really be that just good for automating your trades on which it does really bring out that convenience but same as yours im not really that a fan on using up bot not unless if there's something important that i would do which it could make be leave in my computer but most of the time i will really be that watching up my trades since i've been doing short trades and making out some scalping on which we know that on the moment that you do find yourself having that kind of wrong beliefs about trading bot specially into those newbie people then you would really be that keeping on using it basing up on what you are thinking. Bots are helpful and something that will really be relevant if you do really just make use it according into its real use.
The wrong thing about noobs is that they do really believe that they could easily make money with it which is really that very wrong. Trading bots do really bring out convenience
nothing less but still it will really be needing up someones knowledge about on how to make use of it, you could make some switch up in between manual and automated trading
basing up on your own preference since not all would really be wanting automation but rather going on manual.
You are definitely right on this one mate or something that it is really that happening for most cases specially into newbies neither they do have those initial thoughts or beliefs or they have seen it somewhere on the net by introduced by someone and this is why they do mold up that kind of false belief into their mind that trading bots are money generating machines that they could really be that become rich which same as you said.
On the time that these kind of hopes and expectations will really be having into your mind then it is really that something that brings up that kind of wrong beliefs on how things should really be done and on how it shoudl really be that treated up. HOw trading bots do work? You would really be needing to know about its real essence or its usage before you would be drawing up some conclusion. Majority of newbies will really be having those impressions that this is something that will be making up their money here on crypto space without even thinking realistically on how it do work and on whats the real purpose of it.
On the time or moment that you've seen yourself on dealing up with things then it would really be just that right that you should be acting it out normally and realistically at least.