If only there was a rule book that could make you skyrocket your profits in trading! If such a book did exist then everyone would have become great traders and everyone would have made profits. Unfortunately, a book like this doesn’t exist. But every trader wants to make profits. When there are so many options in investments why do investors pick trading in spite of knowing that this is riskier than the other options? It is with the objective of maximizing their gains. Also, trading is the one place where they have absolute freedom and absolute control over their decisions. Whereas in most other investment plans there would either be a fund manager taking care of the funds or there would be predefined steps involved in adding the interests. So there is nothing interesting for the trader to do. That is one other reason why several investors pick trading. In that case, why would people again want to surrender their control and use a trading bot like Ethereum Code which takes care of the whole process with little to no supervision? It is simply because these bots make the trader’s job simpler. And if you look at anyone who makes decent profits in trading he is very likely to be active in more than one market, more than one asset class. So handling them all simultaneously while also keeping a day job might sound close to impossible. Enter trading bots- these can take care of the processes that the trader decides to automate. But the one fear that most of the traders have is whether the trading bots would get better at trading than the human traders.
So are bots really better than humans?
There are a few limitations that a human trader faces and the bots aim simply to help overcome these limitations. In the end, the human trader always wins. And no bot trading platform can exist without human traders trading side by side. There is one place where the bot trading platforms can have a huge advantage over the human traders-
Lack of emotional biases
Every little trade you execute would be based on your strategy, the parameters you choose. The profits or losses you make might then leave a long-lasting impact on your future trading decisions. Most human traders experience this bias that results from their previous experiences. This prejudiced approach might not always be a good thing. Bots are free from emotional bias.