BINARY TRADING FREE COURSE | +$1,380 EARNED WITH CHAT GPT TRADES | AI BOT FOR TRADING
People & Blogs
Introduction
Introduction
Hello friends! My name is Simon, and I’ve been successfully trading binary options for over three years. My journey has involved constant development, studying new strategies, and sharing insights with you on my Telegram channel. Recently, one of my subscribers introduced me to a free AI trading bot, claiming it could generate as much as $ 5,000 weekly just by following its signals. Intrigued by this challenge, I decided to conduct an experiment to see if this bot could outperform my trading strategies.
Experiment Setup
Before diving into the bot-driven trading, I started by assessing my trading skills independently. I selected three currency pairs: the Australian Dollar/ New Zealand Dollar, Euro/ Swiss Franc, and New Zealand Dollar/ Japanese Yen. Using my favorite indicator, the MACD, I analyzed the charts to make informed trading decisions.
Trading on My Own
New Zealand Dollar and Japanese Yen: I recognized a downward trend approaching a local support level, which led me to open a higher option with an initial investment of $ 100. Success! My balance increased to $ 1,092.
Euro and Swiss Franc: After a profitable first trade, I decided to risk $ 200. The MACD confirmed a strong downtrend, and I made a lower option trade. Another win, adding $ 38 to my balance.
New Zealand Dollar and Japanese Yen (second attempt): Analyzing the strong downtrend again, I increased my investment to $ 300. My analysis proved correct, and my balance rose to $ 1,276.
Final Trades: With each successful trade, I increased my bet incrementally. I saw consistent profits, bringing my account to a total of $ 1,380!
The Bot Trading
After my successful independent trading session, I felt ready to test the AI trading bot. I kept my previous amount in the account and followed the bot’s signals without adding any indicators.
First Trade Using AI: The bot suggested a put option. I followed the recommendation, resulting in a profit that returned my balance to $ 1,092.
Second AI Prediction: Unfortunately, the bot suggested a lower option at a high-risk moment, and I incurred a loss, dropping my balance to $ 892.
Confidence in AI: I executed another trade based on the bot’s advice, leading to a profitable outcome and increasing my balance back to $ 1,276. However, I was uncertain about the bot’s predictive capabilities.
Final Analysis: The bot predicted a higher option incorrectly, but I closed another trade successfully here, allowing my balance to reach $ 1,252.
Final Thoughts
This experiment left me feeling uneasy about trusting my finances to an algorithm. My total profit from using the AI bot was $ 252, significantly lower than the $ 1,380 I earned through my own analytical skills.
Unfortunately, I didn’t gain much understanding about how the AI bot was generating its predictions. So, I cannot recommend any trading bots with confidence. Instead, I invite you to join my Telegram channel, where I share my experience, strategies, and provide trading tips. Together, we can achieve financial freedom by mastering binary trading techniques that are grounded in real analysis, rather than blind trust in AI. My aim is to guide beginners through the world of binary options trading step by step.
Conclusion
Are you interested in learning more about binary options trading? Join my community! I offer personal support and guidance for both beginners and seasoned traders to help you reach your financial goals.
Keyword
- Binary options
- Trading bot
- AI trading
- Financial freedom
- Currency pairs
- MACD
- Trading strategies
- Telegram community
FAQ
Q1: Can I really earn thousands with binary trading? A1: Yes, with the right strategies, analysis, and experience, consistent profits are possible in binary options trading.
Q2: What is a trading bot? A2: A trading bot is an automated software that analyzes market data and gives trading signals for buying or selling assets.
Q3: Are trading bots reliable? A3: It varies from bot to bot. Some may perform well while others can be less reliable. It's crucial to assess the bot’s performance thoroughly.
Q4: How can I improve my trading skills? A4: By studying well-tested strategies, practicing with demo accounts, and learning from experienced traders, you can enhance your skills effectively.
Q5: Is it safer to trade manually rather than using a bot? A5: Many experienced traders prefer manual trading because it allows for personal insights and analyzes, reducing the risk of relying solely on automated systems.