We have been closely watching the Crypto Currency forex market if you possibly could refer to it that, with the fake data, fraud, and related problems. One thing sticks out – it isn’t so distinct from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since many readers with this fine site will know already – nearly all traders lose. There’s been analysis done with this, everybody 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 a lot like a ponzi scheme. In MLM, there are some who break the bank – the founders.
Unless you are the founder – how do you know which Crypto is going to be another Bitcoin? You really don’t. You concept of. You can look to Korea and do each of the homework you would like, the fact remains that no-one can begin to see the future and even a top analyst can be wrong from time to time.
Quant traders have the same doctrine each of them share – these are smart enough to know how stupid they are. They know their own flaws and they also post to a greater power- that is certainly Artificial Intelligence.
Computing power is so massive that it must be possible that anyone can using their own home office create a brilliant trading plan that does well. Needless to say, just like the laws of market dynamics, you may also produce a robot that’s worth exactly zero – a major pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it functions, she has effectively developed a money making machine. If it does not work, there isn’t any value to anyone even if it’s just academics.
Exactly how do you know what method works, developing a working bot or acquire one? There are obvious conflicts of great interest in those who sell bots. The internet may be covered with good marketeers, while profitable quants mostly keep their methods to themselves. Selling a product, and trading a robot, are very 2 different skills.
Crypto so far has shown exactly like most markets: impossible to trade.
While many are kicking themselves for not buying and holding, I will tell you as being a trader i speak for many within the room that there is no way I might experienced the patience to take a seat on the 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 be brain-destroying. There are dangers and risks with robots too naturally, but you are of a different nature.
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