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Thread: Forex Robots

Forex Robots
  1. new user mahll200's Avatar

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    Although Forex robots promise make profitable trades, they are not all they’re cracked up to be. According to the federal government, most of them are scams. Likewise, you’re not too likely to find articles in the Wall Street Journal or any other reputable news source that promotes them. Even online robot merchants promote their robots by claiming their competitors’ are scams. Many are advertised with false claims by people who’ve made money using these systems. A great number of investors lost money using them. In fact, some had their entire accounts wiped out.
  2. new user mahll200's Avatar

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    If you want to know how effective they really are, check out reviews online. Though they can scan millions of charts within seconds, 90% or more turn out incorrect information. After all, Forex robots are only robots. Even though they can perform highly sophisticated tasks, they can’t think creatively. Likewise, they can’t imagine what may happen in the future as their functionality is limited to how they were programmed and past performance.
    For traders that use one, they should not depend on it to do conduct all their trading activity. After all, trading requires a great amount of human observation and research. Also, humans, not software, can follow up with economic conditions or keep up with the financial news. Robots can only find positive trends and trading signals, but sometimes their functionality is adversely affected by jittery trends or false information. Hackers and viruses might also hamper robots.
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    Forex robot have advantages and Disadvantages. i thing Forex robot is used most of those people who have a lot of money for investment and those who haven't extra time to give it to the market, so are used Forex Robot. I personally thing Forex Robot is not good because they have not sense to earn or lost, they are just give you relaxation of mind.
  4. Riya Shen's Avatar

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    Robot trading or EA trading is not suitable for new traders! New traders need to learn manually technical and fundamental analysis! By the way, I have already finished my learning session and now I am handling my live account by using my own trading robot! I trade with Robot friendly broker *********! Here I can use any trading instrument smoothly!
    Last edited by Administrator; 05-30-2017 at 07:43 AM.
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    I thought about creating my own robot. I even found this company that creates custom applications and programs. But I don't think that my strategy on which my robot must to trade is ideal and brings profit in any case. I'm very afraid that if I put a robot to trade in the place of myself I will lose many money. The market is constantly changing and what was profitable yesterday may not matter today.
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    Does this trading robot works well with hotforex platform..? Did you have any experience with it!

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