We’ve been closely watching the Crypto Currency forex market if you can refer to it that, with the fake data, fraud, and related problems. One thing sticks out – it isn’t really so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers on this fine site will may have learned – many traders lose. There’s been analysis done about this, you know how this ends. A few early investors produce a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are a few who get wealthy – the founders.
If you’re not the founder – you need to which Crypto will probably be another Bitcoin? You don’t. You have no clue. You can look to Korea and do each of the due diligence you want, in reality that no-one can understand the future or a top analyst might be wrong at times.
Quant traders have similar doctrine they all share – they may be smart enough to find out how stupid they’re. They know their own flaws and so they undergo a better power- which is Artificial Intelligence.
Computing power is now so massive it is possible that you can now from their home office create a smart trading system that does well. Of course, like with the laws of market dynamics, you may also produce a robot which is worth exactly zero – a big pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, he has effectively made a money making machine. If it doesn’t work, there isn’t any value to anyone not academics.
Exactly how do you know what method works, developing a practical bot or acquire one? There are obvious conflicts of interest in people that sell bots. The internet may be dominated by good marketeers, while profitable quants mostly keep their ways to themselves. Selling something, and trading a robot, are actually 2 different skills.
Crypto up to now has proven the same as most markets: impossible to trade.
Although are kicking themselves due to buying and holding, I will tell you as being a trader and i also speak for many space there’s not a way I would have experienced the patience to sit with a hugely profitable position for 3 years as the price goes parabolic.
This is why quants develop and trade algorithms – picking entries and exits can be brain-destroying. There are dangers and risks with robots too needless to say, but they’re of an different nature.
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