Since the beginning of 2022, the media and the public have widely discussed the topics regarding digital investment. Trading robots are the most talked about because of how they work, and the benefits are pretty tempting.
Unfortunately, several investment fraud cases were revealed under the guise of trading robots. Fraudsters use public ignorance of trading robots to commit crimes. Therefore, it is essential to know and understand trading robots before investing.
What is Robot Trading?
Trading robots are computer software that can work automatically to monitor the market, make transactions, manage risk, and perform opportunity calculations based on algorithms embedded in the program.
The system in the software cannot run alone but is controlled by someone who knows operating trading robots and investment instruments tailored to user needs.
Trading robots are like tools in trading, so they do not need to be done manually. Mathematical algorithms that have been embedded allow trading robots to automate trading buying and selling decisions.
Trading robots can get opportunities based on parameters, see market movements, and take action quickly and precisely. Trading robots are only a trading tool so that you can profit and lose.
The systems created in Robot Trading are based on the manufacturer's approach and market analysis skills. Therefore, their quality also varies. Adjust to the choice of trading robots made by individuals or experienced builder teams to make the resulting analysis sound.
Robot Trading Fraud Scheme
In Indonesia, there have been many cases of Robot Trading scams because, at first, people are lured by huge profits. The fraud scheme used is a Ponzi scheme or what is commonly called an MLM pyramid scheme.
Ponzi schemes are carried out by recruiting new members, and the new members are asked to deposit a certain amount of money with the promise of different benefits according to the package chosen. The bigger the package you choose, the greater the benefits you will get.
The amount of money requested to be deposited will be transferred to the account specified in the trading robot system. Later, each member is required to find new members (members get members) to get more significant profits. This member-get-member cycle occurs continuously until members find it difficult to withdraw money.
Thus the discussion regarding the definition and fraud scheme of Robot Trading. Before starting to invest, it is essential to understand and know what product we will invest in. Do not take the wrong step because big profits tempt you without an apparent source.
Source : icdx.co.id
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