Post
Topic
Board Trading Discussion
Re: How reliable are both trading
by
Cookdata
on 02/01/2025, 11:04:46 UTC
In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
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

No matter how smart algorithm looks in crypto space, it can't know exactly how the human think straight, even human doesn't know what his fellow man is gong to do next, who knew Elected Donald Trump was going to be elected as the winner of the last election, this action alone made Bitcoin to click $100k, such things can't be known by algorithm atleast for now, this is why it's difficult for bot to be perfect in trading, the real ones can only play around wig the basic trading nature.

I'm not sure if there is a way where paper trading or demo trading can be incorporated with bot, so you can actually test it for a year, especially in the bull run whether it's profitable or not, that alone will tell you if it's worth it or not. This is not a recommendation but I have seen kucoin do a lot of marketing with these trading bots alot, maybe you should try out, don't forget it's not a recommendation.