Bitcoin Forum

Heey cryptofam!
Don't have much time to learn so i'm asking for a shortest way to trade.
How much do bots cost?
Help appreciated, thank you!

You can't operate bots without having knowledge about trading as they do not function independently, you select the instructions and trading strategy, set limit orders, level of risk etc, and the bot goes with that. Ideally, bots are designed to enable one trade while away from the computer, not as a substitute for trading knowledge.

The price of bots vary depending on how robust the programme is and the number of commands it can take, efficiency and design are also factors to consider. But it is not a short cut to trading, neither is trading/signal groups. If you want to be successful in the long term you'd have to invest in yourself first.

Its good that you are trying to learn but you have stepped in the wrong and more risky way of trading.

1. A bot only automates the trade based on some pre-programmed algorithm. If that works for you then well and good. But note that using a bot does not necessarily mean that you are going to make a profit.

2. Many scammers are in this forum and other social media where they will try to scam you with a malware bot or nothing at all. Secondly getting a malware on your device would mean another hassle and loss of data, which you would definitely not want.

I think you should take the time to learn crypto trading, if you buy it immediately there is no point because you yourself are not necessarily how to use it, are you busy so there is no time to read cryptocurrency?
My advice from learning is very important in crypto trading let alone your own way of analysis.

You have to learn first even if you plan to use bots for trading its very necessary in-order to understand how things are going on and to avoid big losses in the future dont be in hurry to earn money just step by step and you will learn how to trade by yourself its more fun and fulfilling in you can do it on your own, if you want to pursue using bots you can go to services section https://bitcointalk.org/index.php?topic=1715214.0   

What you mean shortest way of trade?

If you are going to be a trader then you should have enough time to analyse the market otherwise be a HODLer.

Bots are ranging different prices but it doesn't make you to be in profit,better learn trading if you really interested in making profits via crypto trading.

Maybe what is meant by the OP is short-term trading with a predetermined time, then he will buy a bot to help trade.
And I don't think that's the best way to trade. We have to have the ability to graph the technical analysis of where bitcoin is going.

You can buy signals I think it's a good entry point. Let me know what you find I interested to invest a little money in trading on exchange also.

I have written to you in your other trading related question as well. There is no easy and especially short way into trading. If you are in a hurry than you'll lose a great amount of capital and IMO it is 99.9% that you're gonna do so. Learning to trade takes time and patience, there is no train to success and wealth.. if it were then everybody would be trading and making millions of dollars and living in paradise islands, but they're NOT! There are 3 core fundamental elements in trading: technical analysis, risk management & controlling your emotions. All of them are equally important, but I always put more emphasis on risk management because that's what's going to protect your account long term.

trade is not short way it is depend on your experience you can not manage easily everything 2 thing are very important on trading.
1. Technical analysis.
2. fundamental analysis.
if you have not experience of 2 knowledge so very difficult using bot. you can ready for loss and loss

that is a terrible advice. not to mention that there has never been anybody selling "trading signals". they may call it that but what they sell you is a scam. basically they give you some obvious cases to get you hooked up on their scam and then only give you crap for the shitcoins they are bag holding themselves so that you buy it from them without even knowing it and end up losing money.

I suggest you better learn directly instead of relying on bots, because if you depend on bots forever you will never develop, also trading with bots is very risky because the bot can be installed with malware / viruses that cause the bot to trade alone without known by us, so we experience losses, indeed with bots you can get instant profits without reports to read charts, but know that if you learn directly you will know the difference between trading with your own analysis using bots.

Do not rely from bot if you do not have enough knowledge in trading and the bot’s algorithm. This could lead you to losses that profits.

If you think you are ready and capable of putting the right inputs and execution, that will be the time you should use a trading bot. You should also know how to do a TA to ensure that you put the right command to your bot.

Bots are not robots and they will not be able to perform any trading for you if you do not configure them properly. Also a person who have zero knowledge of trading will not be able to use the bots correctly. So instead of wasting money on the bots, it is better to learn trading. If you have no time to learn, then do not enter in the trading field.

Thank you for help! Will definetely look into bots more detailed! Bit confusing for me but ok.

The bots need some setting and depends on what website you use them, there can have a loss if settings is not ok, but first try and also watch and learn from youtube videos or some tutorial and you will get experience over time.