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Robo Investors, Yay or Nay?

Discussion in 'Making Money' started by SirJackneeOff, Jun 9, 2018.

  1. SirJackneeOff

    SirJackneeOff Junior Member

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    Occupation:
    Graphic Design Freelancer
    Location:
    USA
    I am interested to see BHW member's thoughts on who you use for robo investing.

    I got into the stock market in 2009 at the perfect time, now I am a little older and really do not want to research individual companies stocks anymore. I rather put some money in with a robo investor and have the computers do the investing for me.

    The only one I have spoken to is Personal Capital which provides so many nice online tools but you must provide them with 100k. While I can do this, their customer reviews are not the best once they get your money. Also, customers have said that getting their money back is hard. Their salesmen are like car salesmen on a car lot.

    Who do you use? I am thinking of starting off with 5k - 10k as an investment.
     
  2. jafooly

    jafooly Newbie

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    I've been trading currencies for 9+ months now, was making 3-4k a month for very little work (trading majors).

    With a bot there is no emotion involved, it will enter the trade and close the trade when its meant to.

    If you won 7/10 trades, you'd be happy I guess.

    Personally I don't like using a bot because it can't spot reversals very well and it would enter trades I wouldn't take myself, and yeah I know you can put a trailing stop loss or programme your own bot but there's no better way than to spend the time yourself.

    I mean 20 mins a day is doable right.

    If you want to make serious money, you should be focusing on the bigger time frames anyway, the amateurs and scraps are the 5min, 15min, 1 hour charts.

    It's much easier to spot the overall trend and get a 800 pip move. In trading less is more.