Once again, the money game under the guise of investment has claimed many victims after the revelation of the scam case. Ponzi scheme trading robots are currently rife in various media reports, creating a long list of black records for fraudulent investments in this republic. One by one the illegal trading robot platforms were examined by the police because they responded to reports by victims who demanded that their money be returned. According to the Investment Alert Task Force there are 19 fraudulent investment products that have been blocked, not a small amount of money has disappeared from this game. Even one of these fraudulent investment platforms has cost investors a total of 5 trillion.
Actually what is a Trading Robot and what is its use?
Trading Robots (ExpertAdvisors) are essentially an automated trading system that is used by Traders to perform BUY/SELL orders automatically at certain points/prices based on orders entered by users or better known as Automatic Orders.
Trading Robots work based on the orders of their user traders, trading robots cannot be used by all market conditions, because the market always moves dynamically, the market moves based on sentiment and triggers, sometimes prices move with high volatility. Trading Robot users must be able to adjust certain types of orders/patterns when the market moves under what conditions, because basically Trading Robots cannot be used for all market conditions.
In this case the trader must also be observant in seeing and analyzing the market. The trading robot works automatically like the Trader's personal assistant to generate profits at certain times without having to always monitor market movements for 24 hours in front of the screen. This tool is very helpful and greatly facilitates the work of Traders in their activities because they only input algorithms, technical indicator signals and certain orders in a system that is available in each trading application. Generally this Trading Robot is used in two-way markets (Forex, Commodity, Cryptofutures).
So in conclusion, the Trading Robot cannot be used for all people who do not have a deep understanding in the trading world, those who use this robot are people who have experience in the trading world so they can determine the right market timings in their use.
Trading robots that have been circulating lately offer high-interest fixed monthly profits (fixed income) with a ponzi scheme, but in reality the investors' money is never actually deposited and transacted in the financial market, but they are only fooled by the leaders of this game. to raise as much money as possible before this game disappears and not a few of these illegal Trading Robot applications are endorsed or even recruited famous people. Be careful if there is an investment that has a high risk of offering fixed profits with very large interest rates that far exceed the annual deposit interest, it is certain that it is a fraudulent investment / scam.
Lead image from Solopos.com