A lot of traders have been asking me are forex robots as good as the hype suggests. It's no secret that I've been a fan of forex robots for a few years now, having tested dozens of programs in that time. Are forex robots worth it? Let's take a closer look.
To answer the question are forex robots worth your time or even interest, I've personally tested dozens of different forex programs over the years and have found assuredly that some work much better than others. This technology works largely by reacting to changes in the market as they occur and furthermore by keeping constant tabs on real-time market data around the clock in the first place.
The program first finds what it deems as being a high probability trading opportunity, then it invests accordingly with whatever you give to it to invest with. And then follows that trade's performance along to ensure the are constantly earning money on it. Once the market fluctuates out of your favor, the program trades away the now bad investment and starts the process anew.
Are forex robots all the same? This is a good question and the answer is a resounding no. The best advice I can give you is to go with a more conservative program all around. The best programs I've found in the forex software niche are those which trade more conservatively and take far less risks than the more aggressive forex software. More conservative programs keep more standards which the trading opportunities which they invest in must meet before it will invest any money. These programs generally perform better which is easily visible in their increased winning rates.