Post
Topic
Board Trading Discussion
Re: What are your opinions on trading bots?
by
retreat
on 05/10/2024, 16:12:09 UTC
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

It is legitimate when someone wants to use a trading bot, because by using a trading bot they can automate their trading and execute orders without their intervention. However, this should only be used by traders who already understand trading, for people who still do not understand trading they should avoid using trading bots, because trading bots are designed using programming codes and according to the strategy of the maker, if they do not understand the strategy of the trading bot, then they can be fooled very easily.