We’ve been closely watching the Crypto Currencies market if you can think of it as that, with all the current fake data, fraud, and related problems. One thing sticks out – it is not so different than FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers with this fine site will know – many traders lose. There’s been analysis done for this, everyone knows how this ends. A few early investors create a bundle and thousands or millions even remain holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are some who get rich – the founders.
If you aren’t the founder – how can you tell which Crypto will be the subsequent Bitcoin? You seriously don’t. You concept of. You can look to Korea and do all of the due diligence you would like, in reality that no-one can understand the future and even a top analyst could be wrong from time to time.
Quant traders have the identical doctrine they all share – they are smart enough to learn how stupid these are. They know their own flaws and they submit to an increased power- that is certainly Artificial Intelligence.
Computing power is so massive that it must be likely that you can now using their own house office create a sensible automated program that does well. Naturally, like with the laws of market dynamics, it’s also possible to produce a robot which can be worth exactly zero – a huge pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it truely does work, he’s got effectively designed a money making machine. If it won’t work, there is absolutely no value to anyone not academics.
So how do you determine what method works, how to build a working bot or acquire one? There are obvious conflicts of interest in those who sell bots. The internet has been dominated by good marketeers, while profitable quants mostly keep their strategies to themselves. Selling a product or service, and trading a robot, can be extremely 2 different skills.
Crypto to date has proven similar to most markets: impossible to trade.
Even though many are kicking themselves due to buying and holding, Let me tell you being a trader and i also speak for several within the room that there are no chance I might also have the patience to sit over a hugely profitable position for several years even though the price goes parabolic.
That is why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too of course, however they are of a different nature.
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