In the question of whether a trading robot can be trusted, a balance must be struck. To paraphrase a well-known saying, "Trust in a robot, but don't make a mistake yourself." Of course, the adviser will be a good assistant, but it is worth remembering that his task is to help the trader, and not interfere with him. Therefore, sometimes you need to control it.
The ideal option is to write the code for the robot yourself. In this case, you are fully responsible for the actions of the program. In this case, she can be trusted, but not completely. Because one of the main drawbacks of automated trading is the lack of flexibility. This problem is partially corrected by neural networks, but now no artificial intelligence is able to be as flexible as a person.
Are exchange bots necessary for beginners?
Beginning traders make a lot of mistakes. The first attempts to trade cryptocurrency are usually unsuccessful. However, it is human nature to learn from mistakes. Over time, a beginner can become an experienced and successful trader.
Unlike a person, the program will work only according to the given algorithm. Therefore, if a beginner begins to use the robot for trading, he will not learn anything.
The cost of primitive trading advisors is approximately 10 USD per month. Arbitrage robots - 500 USD, and even more. Note that they are designed only for some typical situations that occur extremely rarely in stock trading. Thus, a trader who pays a large amount for using the software may not receive any profit at all.
Theoretically, robots can bring a good income. However, in order for them to be profitable, a significant number of factors must be observed.
From the income generated by the assistant program, subtract:
exchange commissions;
payment of bills for the use of electricity;
the price of the robot itself.
Cheap programs costing 15-25 USD pay off for a long time. In many cases, such robots will not return the funds spent on them. Expensive technical advisors from famous developers can pay off over time, and even bring good profits.
However, remember that the market lives and will not specifically adapt to the program algorithms. Therefore, the use of such software is an extremely risky decision. It makes sense to use assistants only for professionals who are able to reconfigure the program for a constantly changing market situation. Traders cope with this task on their own, without the use of robots. For beginners, we do not recommend starting cryptocurrency trading with the help of special assistant programs.
Beginning traders make a lot of mistakes. The first attempts to trade cryptocurrency are usually unsuccessful. However, it is human nature to learn from mistakes. Over time, a beginner can become an experienced and successful trader.
Do you know what a bitcoin robot is and how it works? My older brother got carried away with this business here and I was a little worried that he would get involved like last time with the games and it would get worse. So far, of course, everything is fine, he has a profit from this bot, but I still have concerns. Once he lost a lot in a casino, the whole world was going to cover this long time with friends. I hope his crypt is not the same.