Were closely watching the Crypto Currency forex market if you’re able to refer to it as that, with all the current fake data, fraud, and related problems. One thing sticks out – it isn’t really so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since many readers with this fine site will know already – many traders lose. There’s been analysis done on this, you know how this ends. A few early investors make a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is compared to a ponzi scheme. In MLM, there are several who get rich – the founders.
If you’re not the founder – how do you know which Crypto is going to be the subsequent Bitcoin? You don’t. You have no clue. You can go to Korea and do all of the due diligence you desire, the reality is that no-one can see the future as well as a top analyst might be wrong from time to time.
Quant traders have a similar doctrine each will share – these are smart enough to know how stupid they are. They know their particular flaws plus they post to a better power- which is Artificial Intelligence.
Computing power has become so massive that it must be feasible that everyone can from their home office create an intelligent automated program that does well. Needless to say, just like the laws of market dynamics, you can even build a robot which can be worth exactly zero – a major pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, he has effectively made a income generating machine. If this doesn’t happen work, there’s no value to anyone not really academics.
So how do you know what method works, developing a working bot or purchase one? There are obvious conflicts of curiosity in those who sell bots. The internet continues to be covered with good marketeers, while profitable quants mostly keep their strategies to themselves. Selling an item, and trading a robotic, are very 2 different skills.
Crypto thus far has shown the same as most markets: impossible to trade.
Although many are kicking themselves because of not buying and holding, I can tell you like a trader and that i speak for a lot of space there’s no chance I’d also have the patience by sitting with a hugely profitable position for 3 years while the price goes parabolic.
That’s why quants develop and trade algorithms – picking entries and exits may be brain-destroying. There are dangers and risks with robots too obviously, but you are of the different nature.
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