This time, it's trading bots.
You know, the ones that promise to make you a billionaire.
I love the idea of becoming a billionaire, so I decided to test out one of these trading bots for myself.
I had been seeing an ad for one that was free of charge, and promised 90% success rate on all trades. IMPOSSIBLE!
But I totally had to try it out.
However, I'm not stupid. It's very unlikely that if I put $3000 of my actual money, I won't be able to sleep knowing it's in the hands of a bot.
So I loaded up the bot onto ByBit's Testnet account (bless them, ByBit) and I was able to get $3000 worth of Bitcoin for free!(It is test money)
With that setup ready to go, I left the not to do it's thing with the $3000. I checked back on the laptop I loaded the bot on in 3 weeks.
Yes, the bot had 3 weeks to make me a billionaire.
Well, not exactly.
You see, for a free bot, this one was actually extraordinary.
I got 43% in winning trades, which if you have any experience with free Forex trading bots is a big number.
That put my total equity in the negative(I lost money, woohoo).
Bottom line? Don't use free trading bots. Or any trading bots for that matter.
Learn to trade for yourself, and you'd see success!