Forex trade bot
It is programmed to run according to a set of rules at all times, and has no ability to adapt itself to changing circumstances, regardless of the severity and importance of the changes in question. This is perhaps the most important disadvantage of using a robot in the forex market where change is the only constant. Finally, and in relation to the above, we should remember that the robots are only as smart as their creators.
Do you really believe that the peddler selling you the robot is a market-busting genius at the level of a Warren Buffet, or George Soros, who, after all, have had their own fair share of disastrous trades over the years?
The only kind of forex robot useful for you would be one which you could use to automate your own trading strategy, or one that you understand and are confident about, having examined the inner mechanism, and design of it.
But many of us lack the confidence and the experience necessary for creating and customizing these tools ourselves, which is why the robots are so popular on the market these days, advertised by extravagant claims, and hyperbole. In short, the forex automatic trading robot is an alluring, great idea that promises a lot, but delivers little due to the random nature of price action in the financial markets. If in spite of all the information in this article you still have confidence that some of the robots out there deliver the incredible returns promised by their creators, consider the obvious.
If the owners of these systems have achieved the Holy Grail of trading, why would they peddle it to you online for meager sums? They would not even need to advertise them, as financial institutions all over the world would compete with each other to acquire these products from them. Instead, large firms and broker ignore the robots and creators. What to seek in a forex robot? While you pick the few hours that work best for you, the trading robot will be plugging away at the markets 24 hours a day.
That is 3 , 4 maybe 10 times as much as a manual trader trades the market… Yet another advantage point for Mr. The human trader has been beaten enough; time for him to fight back. Where a robot can only execute decisions based on the scenarios that programmed into him, a human can take into account everything that is going on and process it together. A human can decide when he has enough profit and when he thinks the momentum will continue in his favor.
So there are actually a lot of bonuses to being human—who knew?! But there are also bonuses to not having to think, not having emotions, not having a limit to the information you can process.
So which one is actually better? Manual trading or automated trading? These days, there is a lot of discussion about automated trading vs manual trading. The truth is that automated trading can work; many major investment institutions use highly optimized trading robots to pull money out of the market, so there is a way to make money using these robots… BUT… Is a Good Robot better than a Good Trader? We will look at automated trading systems first.
The following two tabs change content below. Winners Edge Trading was founded in and is working to create the most current and useful Forex information and training available on the internet.