Every day, thousands of people trade on the world's stock markets, and most of them now use software to help them. Does this make them more money?
This software is called a "bot," which is short for "robot," but it's only as good as the person who uses it. If the user doesn't know how to trade well on his own, then he probably won't make money right away from a bot. New users need to know that learning how to use a bot correctly will take weeks.
I use the "new" bots that have come out every day. Any professional trader should know at least that there are betting exchanges and that they can turn over millions of dollars per horse race in just a few minutes. Since the betting exchange lets you back (buy) and lay (sell) a horse's odds, many new traders are starting up to take advantage of this by using betting bots. The best part is that you don't have to know anything about the sport you are trading in. You can also trade currencies and most of the world's financial markets, like the FTSE, NASDQ, etc.
So, are these new bots a way to make money out of thin air? Depending on which one you use, some are useless and will make you lose money faster than if you were using a pin, but others stand out and are made by professional stock market traders. These bots are what could make you money, and if you use them right, you could make a lot of it.
Most of the bots for sale only do one thing, like trading, arbing, hedging, or dutching. However, there are a few that do them all, and they are a much better deal than the bots that only do one thing. With these bots, you can find your place in a competitive market without spending all of your money.
Another myth is that you'll start making a lot of money right away. Even if the bot made money every day (which, by the way, will never happen), you still need to limit trades to a set percentage of your betting bank. If you don't, you won't be able to control trade stakes. It's best to start small, make mistakes while it's cheap, and then when the stakes get higher, you'll have learned enough from your mistakes to save money.
Some people get trading right away, while for others it can take weeks of staring at graphs on the screen before they get it. Those who keep at it, though, usually do well, and a bot makes everything so much easier.
So if you think you can make money from trading, a betting bot might be for you. If you just want to make money quickly, don't bother.
