Quote from: Dzwaafu11 on December 31, 2024, 05:33:34 PM

Quote from: OsaiEmma on December 30, 2024, 06:19:13 AM

What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

You can’t know the type of strategy bots used until you study the bots very well; that is, even if you want to use bots to trade, you need to have knowledge of trading too, because a bot can’t be on the positive side of the markets all the time. Also, a bot can make you lazy as well; in fact, trading using bots is not advisable; it will not help the trader in the long run. Seriously, I won’t advise anybody to use a bot to trade; rather, learn and trade on your own; it will be better.

Quote from: bettercrypto on December 30, 2024, 04:11:15 PM

You know in the real matter of OP, for me that trading bot is not profitable, because if that is really profitable then the amount of testified that many have got a big profit there. Think about that, right?

The only one who believes in the trading bot is the novices that are lazy to learn the trading and rely on the bots of their earnings, something that is the wrong way of their approach.

You are right. It is only newbie traders who believe in bots because they find it very easy in their journey since it analyses and does everything for them in a very easy way. They don’t care to learn how to trade by themselves; moreover, you are right. I have never seen any trader who used a bot for a long time or even a short time and was successful. Before all the traders I see do it with the knowledge they have.

I can see that many newbies are not even interested in learning about the market and all they care about is ways to make quick bucks in the market. Things do not work like that always. It is quite better when you have learned and now you want to practice what you have gained from trading. Bit trading is not that accurate that's why we need to know what we are doing so we don't end up in huge loses we can not afford to loss. Bitcoin is not that profitable which is why we need to keep learning and analyzing the crypto market for a better opportunity to buy and trade.