Taming the market with the robots

We’ve been closely watching the Crypto Currencies market if you can think of it as that, with the fake data, fraud, and related problems. One thing shines – it isn’t really so different than FX, commodities, futures, or stocks. Market dynamics are market dynamics. And because so many readers of the fine site will already know – the majority of traders lose. There’s been analysis done on this, everyone knows how this ends. A few early investors produce a bundle and thousands or millions even are left holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are several who amass wealth – the founders.

If you aren’t the founder – how do you know which Crypto will likely be the next Bitcoin? You really don’t. You have no idea. You can go to Korea and do every one of the required research you desire, the fact is that it’s impossible to understand the future and even a top analyst can be wrong from time to time.

Quant traders have a similar doctrine each of them share – they are smart enough to find out how stupid they are. They know their very own flaws and they post to a better power- that is Artificial Intelligence.

Computing power has become so massive it is possible that you can now from their own house office create a brilliant automated program that does well. Obviously, just like the laws of market dynamics, it’s also possible to create a robot that’s worth exactly zero – a huge pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, he’s effectively created a money making machine. If it won’t work, there’s no value to anyone even if it’s just academics.

How do you determine what method works, how to build a practical bot or acquire one? There are obvious conflicts of interest in people that sell bots. The internet has been dominated by good marketeers, while profitable quants mostly maintain their ways to themselves. Selling an item, and trading a robot, can be extremely 2 different skills.

Crypto thus far has proven similar to most markets: impossible to trade.

Although are kicking themselves because of buying and holding, Let me tell you being a trader and I speak for several space there’s not a way I’d personally also have the patience to sit down with a hugely profitable position for 3 years even though the price goes parabolic.

That 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, but they’re of a different nature.

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