Thread: Has anybody gotten rich through automated trading?

Frankly speaking, it has a 50% chance but yes, of course, I think one can get rich by the proper use of automated technology. If you make sure the right use of it then I think it will be helpful. Though it’s a software, not a human that’s why you have to assume the worst.

Anyway, there are several automated trading platforms which are now available and if you want to use it then I will recommend you the FIX API trading platform of SGT Markets.

I am also using it and got some great results. So, before using any automated trading software always remember it’s only a software that means you can lose all your money.

Why I’m recommending FIX API trading platform -

SGT Market’s (API) series provides automated trading for foreign exchange, precious metals, and CFDs (contracts for differences) that display commodities, indices, and bonds.

With deposits as low as USD 5,000, SGT Markets offers you the possibility to open FIX API accounts, which are usually intended for high institutional and volume clients who want to access market-leading liquidity directly and at very low prices.

FIX API clients utilize SGT Markets' liquidity and technology relationships to see one partner, one price, and one competitive volume-based fee.

SGT Markets will provide a FIX API account only to clients who have sent funds (the minimum deposit required is 5,000) and those that have passed the usual verification step.

Liquidity

SGT Markets collects prices from a variety of bank and non-bank liquidity sources, which means you will always get the best prices available on the market, this combined with market-leading spreads means better quality execution.

Reporting

You can monitor positions, balances, and margins in real-time, reconcile positions and see trading volumes for a certain period. Financial reports and trade recaps are sent to clients for daily trade and cash reconciliation.

Benefits

• Special liquidity for active traders in a very low latency trading environment
• SGT Markets FIX API: A liquidity solution that allows clients to realize their goals
• Access to the best-priced machine technology with competitive clearing costs based on volume.
• Welcome to all trading styles: HFT, News, other toxic strategies.

Finally, if you want to succeed in automated trading then you have to take a risk of investing in it. Otherwise, don’t do it and it’s my own personal perspective.

Likely no one that has will share their program with you. If you want to trade I would suggest getting out there, learning it and getting involved yourself!

No one will ever get rich by using bots. I'm even suspicious about getting rich by trading in general

What are the benefits for people to provide automated trading? If this really brings income, then it is more profitable for them to receive income from this. They can trade for days automatically and do nothing. Money will go to the accounts of traders.
And for some reason these people bother, create special sites, programs. People spend a lot of their time on it. Are they all altruists? It is unlikely that most of them just offer another scam.

I do agree, I highly doubt that it's even possible here anymore, I do not know about some others but let me tell you that I do know some local broker and it doesn't work anymore no matter how hard you try anyway with all that things. Are you with me ?