Trading with bots, good or not?

[trauchot]

The majority of trading bots cause losses, it was and always will be, no matter what the area associated with this will be, but usually the result is one, but now there are some companies that take their trading bots to a new level and they really bring profit.

[Zed0X]

Whether or not it will be good will depend on how you set it up. Trading bots are tools and do not decide on their own, they have to be programmed. I think the better question here is, are you good at trading?

[alltalk]

~snip~ I think the better question here is, are you good at trading?

Indeed. Even though using the best ways whether with bots or not, if we are not good in trading, it won't bring satisfying results.

[Nate11]

I think trading bits are good even though it has its disadvantage too but in general terms it's better than the conventional method of trading (human)
A bit can trade 24/7  while human cannot.
A bit can watch and monitor trades continuously without the need to go for break and so forth

[ZionRTZ]

The good thing about having a trading bot is that you do not have to be glued in front of your screen monitoring volumes and prices. You just have to set it up properly and that means the bot will be as good as you are.

[MDPK]

Crypto trading bots are reminiscent of those money-making Forex programs that you find “veteran traders” trying to flog. If those Forex guys are as rich and successful as they profess to be, wouldn’t they be better served keeping that esoteric knowledge to themselves rather than offloading it to the masses for $100 a month? In other words, beware of geeks bearing bots.

[adterna]

Cryptocurrency bots are advertised as a quick and easy solution for investors to help automate trading and autopilot their passive income. If crypto bots are useful, why isn’t every professional trader adopting these tools? Furthermore, can one simply outsource their trading responsibilities to a computer program and still make money?

[MUGNIA]

I just found out there is a BOT for cryptocurrency,
worth a try to know what the advantages of the bot are,  where I got the BOT
does anyone sell? or some kind of application that can be downloaded

[alyanov]

trading bots are not for everybody, nor does everybody need one. Casual investors are not the prime target of trading bots, and if your intention is to buy and hold Bitcoin then a trading bot is probably not the correct investment for you. In addition, if you are not a competent programmer or familiar with the creation of financial strategies, trading bots may also not be for you.

[MuTu]

I just found out about that, how do we know we're trading with bots, not humans? But as long as it's profitable for us, trading with bots doesn't matter.

[Speaker]

Not one trading bot will not bring you a stable income if this bot is not developed by you or not for you...any bot in addition requires constant monitoring and changes.

[Quart]

Trading with bots is not bad idea as long as we know how to run it correctly. It is the way to help our trading more profitable and effective. But we need to remember, it is only for additional way, not as the main way.

[KunotCoin]

many ways people can look for the benefits of trading are by bot,
and lots of promises given to traders who trade with bots,
but is that good? or will it only give you a lot of losses?
anyone who has trading experience using bots can tell in the comments column.

Well thats how they made to trade automatically if those trading bots are not doing well or we just suffering from losses because of those bots and tben why we still use them i suggest to back to basics and trust your judgement.

[ardhanimaul]

I think trading bots are not suitable if you are looking for passive income. Getting the right results from such software requires time and effort and often involves testing strategies on historical data to see how certain trades will work. You should always use a small amount of capital to get started until you get used to the new system.

[enci55]

In my opinion, don't use trading bots if you don't understand them, trading bots are computer programs that use various indicators to recognize trends and automatically trade. While algorithmic trading software has been used by hedge funds in equity markets, commodities and currencies.