Trading Software - Profit Machines or Losers?

Trading Software - Profit Machines or Losers?

Thousands of people every day are traded on world markets, with the majority now using software to help, but does it help them make more money?

This software is known as a 'robot', short for robot, but it is only ever as good as a user. If the user does not know how to trade successfully on his own in the first place, then he probably will not get an instant profit of robot. New users must understand that it would take several weeks to learn how to use the bot correctly.

I use the 'new' bots on the block, on a daily basis. Any professional trader should at least be aware of the existence of betting exchanges, and the fact that they can turn over $ million per horse race within a few minutes, with the betting exchange that will allow you to return (buy), and lay (sell) the horses odds, and many new traders are springing up to take advantage of this by the use of betting bots. And the best thing is, you do not need any knowledge of the sport you are trading in. also be able to trade most of the world financial markets as the FTSE, NASDQ, etc, and currencies.

So are these new bots a license to print money? Depending on who you use as some are useless, and will see you lose money faster than if you use a needle, but others stand out, and put together a professional market traders. It is these bots that have the potential to make money, and if you are careful, lots of it.

Most of the bots on the market focus on one aspect, whether it is trade, arbing, hedging or dutching, but there are few that focus on them all, and compared with single feature-bots are much better value for money. These multi-function bots allow you to find your niche in a competitive market, without emptying your bank balance.

It is also a misconception that you start making money immediately. Even if the robot produces profits on a daily basis (which by the way, will never happen), you still have to limit trades at a fixed percentage of the betting bank, otherwise you find yourself having no control over trading stakes. It is always best to start small, get the bugs out of the way while it is cheap to do so, and when your stakes increase, you will have learned enough from the mistakes to save money.

Some people click with trading immediately and others it may take several weeks of staring at the graphs on the screen to the penny drops. Those who stick with it, however, usually succeed, and the bot makes life much easier.

So if you have the opportunity to profit from trading, then betting bot may be for you if you are looking for a quick buck, forget it.