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What Are Forex Robots And Are They Really Effective?

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  • What Are Forex Robots And Are They Really Effective?

    Hi guys, a lot of traders still have a lot of questions about Forex robots. Such as they are? Are they really effective, etc? So today, I'm going to divulge some elements of Forex robots.

    So, first of all, what is FX Robot?

    Automatic trading requires a lot of research to find the right software that will trade properly. Sitting down and letting the device work automatically for you can be a real temptation, and that's where the Forex trading robot comes in automatically.

    FX Robot is a computer program based on a series of FX trading signals to determine whether to buy or sell a particular currency pair at a particular time.

    Commercial robots are available 24x7 for Forex traders and can be easily purchased via the Internet. It is important to confirm that there is absolutely no "sacred cut" of the trading system, regardless of its type.

    The question that is often asked is whether the Forex robot works? Or will we choose to become a mere commercial fraud? We have prepared an order for this article to answer this question.

    How does Robot FX work?

    Forex traders want to use robots because they hope to easily make money on the forex market, without having to spend a lot of personal time or do nothing manually. Those who use robots need to find a good pair of currencies and an ideal time to exchange them to maximize their profits.

    Some Forex robots are able to analyze many charts in a way that humans can not do. In addition, robots are developed with the special parameters needed to make business decisions. With built-in trading signals, they determine when the right time to trade, or vice versa, is not trading.

    The best Forex robots suggest solutions to find a profitable business even in unstable markets when the direction of the trend is unclear. The robots will follow the best trends to increase profits and eventually eliminate potential losses.

    The trading trend will eventually cause losses, while trading with it increases profits, no matter what method or robot is used for trading.

    However, it must be remembered that the majority of robots negotiate within a certain range. They realize a number of glitches in a narrow range, during the slowest period in the Forex market, and they regularly set several glitch targets, and may not even use a stop-loss. They can be classified as successful because they tend to generate profits in every trade, even a few.
    When an unexpected and strong range occurs, it eliminates the small profits they have made. Some robots, promoted as the best Forex trading robots, can take advantage of a positive trend, even if they can lose money on the disorderly exchange market. It is therefore very important to look for good trends.

    The efficiency of the robot

    Although FX robots promise to make profitable deals, they are not all as predicted by traders. In addition, some federal governments consider this a fraud. Similarly, you will not find articles in Forbes, the Wall Street Journal, or other respectable sources of information that promote it.

    What's more, even online robot vendors are trying to move their robots into the ranks by claiming that their opponents are fraudulent. Many advertise with false statements from people who have made a lot of money by implementing this system.

    But in reality, a large number of investors and traders have lost a lot of money with a functional "functional" Forex robot. There are even circumstances in which the entire account has been deleted.

    If you really want to know how effective the robot is, you should check out the legitimate reviews and testimonials online. Although they can scan millions of graphics in seconds, most often 90% generate incorrect information.

    This is understandable because FX robots are just robots. Even if they are capable of performing very sophisticated tasks, and often, all Forex robots or free Forex robots still lack creativity. They can not imagine what could happen in the near future because their functions are limited to the way they were initially programmed, as well as past performance.

    For traders who use robots, they do not depend entirely on their business activities. In the end, the trade required a lot of research and human observations.

    In addition, humans, not trading software, can really follow the economic situation and follow the news of the financial world. Forex robots, considered to work on Forex, can only detect positive trends and trading signals, but their functions are sometimes influenced by uncertain trends or misinformation.

    In addition, hackers and viruses can also block robots. Overall, automated FX trading software, or Forex robots, is a good opportunity for their designers to earn money but offer little benefit as a Forex trader.

    It's a questionable question - will the robot enrich you, or will it just delete your trading account?

    One thing is possible: their developers have the potential to become millionaires. Smart designers are realizing that people really want to earn a lot of money and are trying to make trading Forex robots seem to be one of the best ways to achieve this goal.

    Nevertheless, they use it as an opportunity to design robots or other software (or even DVDs, webinars, seminars, ebooks, etc.) for sale and development.

    If the robots they sell can really make a lot of money through currency trading, then what is the point of selling them to others and not using them on their own Forex accounts?

    The answer is logical: robots can barely make money for Forex traders. Can a $ 99 FX robot or a free Forex robot really generate hundreds or thousands of dollars each month? If you can, you must ask yourself: is it really sold at a relatively low price?
    If it's as easy as making money using a robot, no one will go to work. It's possible that robots can make money for a limited time, but they can start losing after a while - and the money earned by the "best Forex robot" in one position may disappear before you can. claim.

    In addition, most robots are brokers. They only earn a few pips with each position they take - and they can set very tight goals. The possibility of surviving with such a strategy is very limited for a trader.

    A successful FX trading is based on knowledge, skills, and competencies. It involves analytical thinking and visual. Looking at what Forex robots are, it's clear that they can not function properly this way.

    Market conditions tend to change over time and only an experienced Forex trader can distinguish between the time of entering the market and the time to stay away.

    Conclusion

    I explained aspects of the application of robots in the Forex trading from a rational point of view. What I hope to conclude from this article is that instead of spending your time and money on things like automated FX trading software robots, it might be better to spend some time on learning a good trading system.

    Finally, you can become a professional trader relying on his experience and knowledge, rather than using algorithms and computer codes by someone who is not at all a Forex trader.

    It's up to you to decide if the Forex robot deserves your attention - and only you can answer the question: does the Forex robot really work?

    So, I'd like to hear from you now.

  • #2
    Does brokers allow such things ? And if I will use some free or paid robot let's say, and it will be very successfull will broker than pay me money he owed, I mean that one generated with that robot ? I see however that there is a need anyway to automate at least some things on forex trade.

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