Automated Forex Software : A Friend Or An Enemy?
Automated Forex Software : A Friend Or An Enemy
?It is not a very old story. The forex used to be accessible to only the elite traders having expert knowledge and experience with the forex trading. The things drastically changed in the mid 1990s and the market opened itself to the new traders who were ordinary people. This helped the market to expand quickly. The people looking at the opportunities to make money instantly got into the forex and started investing more and more. Seeing these traders, the layman found a great place to invest.
The automation of forex software gets most of the credit for this. The traders were provided an easier way. They found it really easy to give instructions to the software program which executed them perfectly. With time the programmers kept on improving the software programs and started making near to perfect programs. These modern automated programs have exceptional reliability, accuracy and quickness. They can control all the trading on behalf of a trader.
Primarily there are two opinions about these robots. One group thinks that these are good friends for traders and those traders not taking their help are actually making a huge mistake. They think that doing the things the easier way is the best option. They argue that the traders using these software programs find more time to concentrate on the other things which brings more profit to their investments. This seems a reasonable argument but before making a final decision, we need to look at the other side of picture as well.
The people calling these programs enemies have a decent argument as well. They believe that putting the things on full automation is not the best choice. They consider it harmful for the trading. They are of the opinion that the traders using semi-automation make more money and they become more stable traders.