Do you believe in Forex Robots?
- Thread starter graceheather
- Start date
- Watchers 92
Personally I would not enrust my forex account with a robot. But other traders claim that some forex robots really work. Maybe for some but definitey not for all traders.
Haven't tried that yet coz i'm still new to forex. Right now im gathering information about it.
@Leo - I would be werey of any forex robots if you are new to forex. The best thing you could do right now is find a great educational site for information and start following a forex signal provider. Check out this forum post...
http://www.earnforex.com/forum/f4/forex-signal-providers-who-do-you-recommend-5804/
http://www.earnforex.com/forum/f4/forex-signal-providers-who-do-you-recommend-5804/
Yes I do
But most robots works only with large accounts, and most of them based on one single trading strategy that can detect an upward or downward signals then open an automatic trade based on that signal.
It works 90% of the time, but any good trader can detect those signals by himself.
But most robots works only with large accounts, and most of them based on one single trading strategy that can detect an upward or downward signals then open an automatic trade based on that signal.
It works 90% of the time, but any good trader can detect those signals by himself.
On the market today there are thousands of forex trade robots, they are developed based on strategic or trading systems truly effective,
It will trading 24/24 to maximize your profits, this you can not do
Follow the signal emitted ensure that you do not lose the opportunity to trade
Seclusion is away stark sensitively, this is a very big mistake traders often suffer.
Are products really is effective people appreciate, you should look for products with many good reviews and high rating
It will trading 24/24 to maximize your profits, this you can not do
Follow the signal emitted ensure that you do not lose the opportunity to trade
Seclusion is away stark sensitively, this is a very big mistake traders often suffer.
Are products really is effective people appreciate, you should look for products with many good reviews and high rating
Some robots are good, I like playing around with them, after a few years you get use to the charts and know how to trade them. I run robots on demo and live with micro lots. Robots can't read the news.
me too im not understand how the robot working..
but do you know about manage account some poeple using that..
but do you know about manage account some poeple using that..
I think you should not use FOREX Robots to make money, because it is like a cheating game. Many forex brokers dont allow to use Forex robots. You should study forex and learn how to trade, how to analyze trend of forex market. When talking about forex trading, people will think of forex indicators automatically. Technical indicator is a mathematical manipulation of a security price and/or volumes aimed at forecasting of future price changes. Decisions about how and when to open or close positions can be made on basis of signals from technical indicators. You should learn how to use these indicators. Here on site profiforex, there is full information about various technical indicators.
I think Forex robots can probably help new traders. I used a couple for a while (and still do). I don't trade with large amounts with these systems and tend to book a profit any profits made from them once in a while. I'm pretty knew to trading but I think that you can make money from them if you keep any eye on what they are doing. I mean, use them for the entry signals and manage the trades, rather than relying upon the robot to have full control of the strategy.
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I think Forex agents are better to predict and mark out strategies than robots. What do you think?!
I personally know a trader who is very succesful with EA's. With that said he actually uses 3 or 4 different ones depending on market conditions. So he still has to perform his due diligence and constantly monitor them and the market. They are no 'free lunch'. I personally think that the heavy weights posess some top knoch algorythims but they will always be under a tight lock and key and won't be the one in your spam folder.
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