Trading with bots in the summer is a great activity.
Summer usually lacks extreme volatility, and with the proper setup, bots can generate semi-passive income for you.
Why Semi-Passive?
Robotic trading is a professional trading tool. While it eases manual trading, to use it successfully, you must first master manual trading.
Many beginners lack essential knowledge when starting with bot trading, leading to frequent losses. Often, these individuals have not fully understood manual trading either. Key basics they should know include:
1. Risk and money management
2. How to use the trading terminal for manual trading
3. A comprehensive understanding of margin types, beyond just the basics (cross and isolated)
4. How and when to average down if the bot enters an investment phase
These are fundamental concepts, but there are many more nuances.
With bots, you can earn significantly, but you must first understand manual trading and then learn how to use bots effectively. If you know how to trade manually, then trading with bots will definitely suit you.
The most important thing to remember is that bot trading is not a get-rich-quick scheme where the bot constantly brings you high profits. The bot eases your trading, but the responsibility for your actions (settings) remains yours.
You can set up the bot for aggressive trading and potentially earn 100% per month, but you need to manage it actively, turning it on and off as needed, which requires full immersion in the trading process.
Alternatively, you can configure bots for a conservative strategy and earn 5% per month. Both options are excellent, but you must choose the one that suits you best. In any case, you need to monitor and control the bot to ensure success.
Summer usually lacks extreme volatility, and with the proper setup, bots can generate semi-passive income for you.
Why Semi-Passive?
Robotic trading is a professional trading tool. While it eases manual trading, to use it successfully, you must first master manual trading.
Many beginners lack essential knowledge when starting with bot trading, leading to frequent losses. Often, these individuals have not fully understood manual trading either. Key basics they should know include:
1. Risk and money management
2. How to use the trading terminal for manual trading
3. A comprehensive understanding of margin types, beyond just the basics (cross and isolated)
4. How and when to average down if the bot enters an investment phase
These are fundamental concepts, but there are many more nuances.
With bots, you can earn significantly, but you must first understand manual trading and then learn how to use bots effectively. If you know how to trade manually, then trading with bots will definitely suit you.
The most important thing to remember is that bot trading is not a get-rich-quick scheme where the bot constantly brings you high profits. The bot eases your trading, but the responsibility for your actions (settings) remains yours.
You can set up the bot for aggressive trading and potentially earn 100% per month, but you need to manage it actively, turning it on and off as needed, which requires full immersion in the trading process.
Alternatively, you can configure bots for a conservative strategy and earn 5% per month. Both options are excellent, but you must choose the one that suits you best. In any case, you need to monitor and control the bot to ensure success.