We’re closely watching the Crypto Currency forex market if you can call it that, because of the fake data, fraud, and related problems. One thing sticks out – it isn’t really so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers on this fine site will know already – the majority of traders lose. There’s been analysis done on this, everyone knows how this ends. A few early investors make a bundle and thousands or millions even remain holding the bag. From one perspective, a bubble is a lot like a ponzi scheme. In MLM, there are many who amass wealth – the founders.
If you’re not the founder – can you be sure which Crypto is going to be the following Bitcoin? You seriously don’t. You have no clue. You can turn to Korea and do all of the required research you desire, the fact is that no one can start to see the future or a top analyst might be wrong from time to time.
Quant traders have the identical doctrine each will share – these are smart enough to find out how stupid they are. They know their unique flaws plus they submit to a greater power- that’s Artificial Intelligence.
Computing power is so massive that it is entirely possible that you can now from other own home office create a sensible trading system that does well. Of course, like with the laws of market dynamics, you may also build a robot which can be worth exactly zero – a large pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it truely does work, he’s effectively created a wealth creation machine. If it does not work, there is absolutely no value to anyone not really academics.
How do we understand what method works, how to construct a functional bot or purchase one? There are obvious conflicts appealing in people that sell bots. The internet has been covered with good marketeers, while profitable quants mostly maintain their ways to themselves. Selling a product, and trading a robot, are very 2 different skills.
Crypto thus far has proven the same as most markets: impossible to trade.
Although are kicking themselves because of buying and holding, I will tell you being a trader i speak for a lot of within the room that there’s no way I would have experienced the patience by sitting over a hugely profitable position for 3 years while the price goes parabolic.
This is exactly why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too obviously, but they are of an different nature.
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