Were closely watching the Crypto Currency forex market if you’re able to think of it as that, with all the current fake data, fraud, and related problems. One thing stands apart – it’s not so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers on this fine site will already know – virtually all traders lose. There’s been analysis done for this, everybody knows how this ends. A few early investors create a bundle and thousands or millions even stay holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are many who get wealthy – the founders.
Unless you are the founder – can you be sure which Crypto will likely be the subsequent Bitcoin? You seriously don’t. You concept of. You can go to Korea and do each of the required research you would like, the reality is that no-one can begin to see the future or a top analyst could be wrong occasionally.
Quant traders have the same doctrine each of them share – these are smart enough to find out how stupid they may be. They know their unique flaws and they also submit to an increased power- that’s Artificial Intelligence.
Computing power is now so massive that it must be feasible that anyone can off their own residence office create a sensible automated program that does well. Needless to say, just like the laws of market dynamics, it’s also possible to develop a robot that is worth exactly zero – a major pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it truely does work, she has effectively developed a money making machine. If this doesn’t happen work, there’s no value to anyone not even academics.
Exactly how do you determine what method works, building an operating bot or buy one? There are obvious conflicts of great interest in those 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 so far has shown the same as most markets: impossible to trade.
While many are kicking themselves due to buying and holding, We can tell you being a trader and I speak for most in the room there’s no chance I would have had the patience by sitting 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 can be brain-destroying. There are dangers and risks with robots too of course, but they are of an different nature.
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