We have been closely watching the Crypto Currencies market when you can think of it as that, with the fake data, fraud, and related problems. One thing stands apart – it is not so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers with this fine site will may have learned – many traders lose. There’s been analysis done on this, everyone knows how this ends. A few early investors make a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is compared to a ponzi scheme. In MLM, there are many who get wealthy – the founders.
If you’re not the founder – you need to which Crypto is going to be another Bitcoin? You seriously don’t. You have no clue. You can look to Korea and do each of the required research you would like, the fact is that no one can see the future or even a top analyst could be wrong sometimes.
Quant traders have the same doctrine they all share – they are smart enough to learn how stupid they may be. They know their unique flaws and they also submit to a better power- that is Artificial Intelligence.
Computing power has become so massive it is possible that everyone can from other own house office create a sensible software system that does well. Obviously, just like the laws of market dynamics, it’s also possible to develop a robot which can be worth exactly zero – a large pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it functions, he has effectively designed a income generating machine. If it won’t work, there isn’t any value to anyone not even academics.
How do we know what method works, developing a functional bot or acquire one? There are obvious conflicts of interest in those who sell bots. The internet continues to be covered with good marketeers, while profitable quants mostly keep their strategies to themselves. Selling something, and trading a robotic, are really 2 different skills.
Crypto thus far has shown the same as most markets: impossible to trade.
Even though many are kicking themselves due to buying and holding, We can tell you being a trader and I speak for several in the room that there’s no way I would have had the patience to sit on a hugely profitable position for 3 years even though the price goes parabolic.
That’s why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too obviously, but you are of the different nature.
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