A forex robot (aka "expert advisor") is software that trades a forex system for you.

Instead, you need the right set of tools along with essential basic knowledge to become a FOREX trader.

Think about it this way: 

As long as your broker offers the MetaTrader 4 platform you should be all set to continue. Stay away from automated systems and robots until you become a master trader AND programmer.

Frequently asked questions 

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Round The Clock Trading 24 hours a day, 7 days a week, robots are able to carry out trades as long as the markets are open. A human simply can't do this. It is hard to conduct round the clock trading in all of the different markets when you need to eat and sleep. More Trust in The Robot Some people prefer to trust in the robot and automate their trades as opposed to manually trading as well which is not uncommon. If you know that a piece of software can carry out trading when you can't, and can process the volumes of data that would take you much longer, then it becomes an attractive prospect for many.

Higher Success Rates If a robot is using the most accurate and up to date information, as well as analysing trends of certain pairs, it stands to reason that they have more accurate information than you can process. Often this leads to more successful trades and a greater profit for you. Of course, there is a fee for using a robot software but this should be recouped in the increased success that you see.

Choose a robot that you can trust and one that has a reliable name. Our reviews and recommendation can help you with this. Benefits of Using Automation Essentially the main benefit for automating your trades is to make more money.

Whether this is because you trade in far larger volumes or because a robot can execute more effective trades the same outcome is desired. Market behavior is dynamic, constantly moving in an infinite variation of three movements: Most robots are not programmed for all environments, or to recognize a change in the trading environment. As a result, losses occur and they can be huge if not closely watched or managed. For the chance to make ridiculous money??? That sounds like a bargain!

Sure, it might look highly profitable. However, in the forex market, there is no such thing as a consistent market. Conditions are changing all the time. The past has little effect on the future in a changing market.

There are too many variables to consider.

 

Threads in This Forum 

Using a forex robot is the only way to improve your trading instantly. With an expert advisor you can instantly start trading a working system regardless of your own skill level. Difficult calculations and safe money management are handled for you.

Aug 28,  · Forum: Automated Trading Systems. Section is assigned for sharing free Expert Advisors and discussing all about automated trading Bonus for a post = up to $ I want to trade by using a robot.I am working in forex since From forum sites i am impressed by robot issues. I want to buy or manage it for. A forex trading robot is an automated software program that helps traders determine whether to buy or sell a currency pair at any given point in time. 

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BREAKING DOWN 'Forex Trading Robot'

What Would Be The Ideal Trading Robot For Our Markets Today? 2 replies forex robot system 21 replies What’s Differences Between Robot and Manual Trading Money Management Systems 0 replies. Aug 24,  · Forex forum gives Forex traders an opportunity to get and share Forex-related information and communicate with other Forex forum members. pocketdice.ga Examples of such platforms: cTrader, NinjaTrader, TradeStation, VertexFX, etc. Share your scripts, indicators, and trading robots for those platforms. Forex Forum - .

Forex robot scams encompass Expert Advisors (also famously known as EAs) and other automated trading systems. What is a forex robot? In the forex world, a “robot” is a program that strictly uses technical signals to enter into trades and lets the human sleep in a hammock on a beach while he “makes” money. The forex trading system we’re sharing today relies on fully automatic forex robots. By using a forex robot with the right money management you eliminate all three common mistakes instantly.. Forex robots do not trade emotionally and execute their logic precisely every time.

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