We’ve been closely watching the Crypto Currency forex market if you possibly could call it that, with the fake data, fraud, and related problems. One thing stands apart – it isn’t really so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers with this fine site will know already – virtually all traders lose. There’s been analysis done with this, everyone knows how this ends. A few early investors produce a bundle and thousands or millions even stay holding the bag. From one perspective, a bubble is compared to a ponzi scheme. In MLM, there are a few who get wealthy – the founders.
Unless you are the founder – how do you know which Crypto is going to be another Bitcoin? You really do not. You have no idea. You can go to Korea and do each of the research you would like, the fact is that no-one can understand the future or even a top analyst might be wrong from time to time.
Quant traders have a similar doctrine they all share – they may be smart enough to know how stupid they are. They know their very own flaws plus they submit to a higher power- that is Artificial Intelligence.
Computing power is so massive that it must be possible that now you may off their own residence office create a sensible trading system that does well. Needless to say, just like the laws of market dynamics, you may also build a robot that is worth exactly zero – a huge pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, she has effectively made a money making machine. If it won’t work, there isn’t a value to anyone not academics.
Exactly how do you know what method works, building a practical bot or acquire one? There are obvious conflicts of interest in people that sell bots. The internet has been covered with good marketeers, while profitable quants mostly keep their ways of themselves. Selling a product, and trading a robot, are actually 2 different skills.
Crypto thus far has shown similar to most markets: impossible to trade.
Although are kicking themselves for not buying and holding, We can tell you like a trader and I speak for a lot of inside the room that there’s not a way I would experienced the patience to sit down on a hugely profitable position for 3 years as the price goes parabolic.
This is why quants develop and trade algorithms – picking entries and exits may be brain-destroying. There are dangers and risks with robots too needless to say, however they are of a different nature.
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